The chartered financial analyst (CFA) Is a designation earned after taking three annual exams (CFALI, and I). The exams are taken in earty June. Candidates who pass an exam are eligible to take the exam for the next level in the following year The pass rates for levels I, I, and l are 0.55, 08, and 0.83, respectively. Suppose that 3,000 candidates take the level I exam, 2,500 take the level Il exam and 2.000 take the level I exam A randomly selected candidate who took a CFA exam tells you that he has passed the exam What is the probabaty that he took the CFAI exam?
The chartered financial analyst (CFA) Is a designation earned after taking three annual exams (CFALI, and I). The exams are taken in earty June. Candidates who pass an exam are eligible to take the exam for the next level in the following year The pass rates for levels I, I, and l are 0.55, 08, and 0.83, respectively. Suppose that 3,000 candidates take the level I exam, 2,500 take the level Il exam and 2.000 take the level I exam A randomly selected candidate who took a CFA exam tells you that he has passed the exam What is the probabaty that he took the CFAI exam?
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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