Answered: Given a randomly select college student…

Given a randomly select college student is interested in finance, what is the probability that this student majors in STEM?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

60% of college students major in STEM.

Among the STEM majors, 40% are also interested in finance. Among the non-STEM majors, 20% are interested finance.

Given a randomly select college student is interested in finance, what is the probability that this student majors in STEM?

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