More than 40 million Americans are estimated to have at least one outstanding student loan to help pay for college expenses. Not all graduates pay back their debt in satisfactory fashion. Suppose that the following table shows data for a randomly selected sample of Americans. The table contains student loan repayment status (satisfactory or delinquent) and whether or not the student had received a college degree. Calculate the conditional probability of delinquent status given that the person did not earn a college degree. College Degree Yes No Satisfactory 274 215 Delinquent 158 378 Hint: Add marginal totals to the table. Round your answer to three decimal places. Your Answer:

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More than 40 million Americans are estimated to have at least one outstanding
student loan to help pay for college expenses. Not all graduates pay back their debt
in satisfactory fashion. Suppose that the following table shows data for a randomly
selected sample of Americans. The table contains student loan repayment status
(satisfactory or delinquent) and whether or not the student had received a college
degree.
Calculate the conditional probability of delinquent status given that the person did
not earn a college degree.
College
Degree
Yes No
Satisfactory 274 215
Delinquent 158 378
Hint: Add marginal totals to the table.
Round your answer to three decimal places.
Your Answer:
Answer
Transcribed Image Text:More than 40 million Americans are estimated to have at least one outstanding student loan to help pay for college expenses. Not all graduates pay back their debt in satisfactory fashion. Suppose that the following table shows data for a randomly selected sample of Americans. The table contains student loan repayment status (satisfactory or delinquent) and whether or not the student had received a college degree. Calculate the conditional probability of delinquent status given that the person did not earn a college degree. College Degree Yes No Satisfactory 274 215 Delinquent 158 378 Hint: Add marginal totals to the table. Round your answer to three decimal places. Your Answer: Answer
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