A statistics professor has noted from past experience that a student who follows a program of studying two hours for each hour in class has a probability of 0.9 of getting a grade of C or better, while a student who does not follow a regular study program has a probability of 0.2 of getting a C or better. It is known that 70% of the students follow the study program. Find the probability that a student who has earned a C or better grade, followed the program.
What will be an ideal response?
0.9130
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Explain the hot-stove rule.
What will be an ideal response?
Answer the following statements true (T) or false (F)
The use of research in accounting results in the field being referred to as an academic discipline.
HR policies are generally proposed by the senior executives of an organization and then submitted to the HR managers, who actually issue them. ?
Answer the following statement true (T) or false (F)
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $0.90 and the loss resulting from that unit if it is not sold (Co) is $0.50, which of the following is the probability of the last unit being sold?
A. Greater than 0.357 B. Greater than 0.678 C. Greater than 0.400 D. Greater than 0.556 E. None of these