The probability that a student will take loans to pay for their undergraduate education is 0.85, and the probability that a stud
ent will go to graduate school given that the student took loans to pay for their undergraduate education is 0.13. What is the probability that a student will go to graduate school and take loans to pay for their undergraduate education? Round your answer to three decimal places.
The probability that a student will go to graduate school and take loans to pay for their undergraduate education is P=0.111.
Step-by-step explanation:
We know that:
The probability that a student will take loans to pay for their undergraduate education is 0.85
.
The probability that a student goes to graduate school, <em>given that the student took loans to pay for their undergraduate education,</em> is 0.13.
What is the probability that a student will go to graduate school and take loans to pay for their undergraduate education?
Out of the population of students, a proportion of 0.85 takes loans for undergraduate studies. Out of this, a proportion of 0.13 goes to graduate school.
To find the median, you need to arrange the numbers in ascending order. Than pick the middle number. If there are two middle numbers then you add them together and then divide by 2.