Answer:
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.
This probability can then be calculated as: