Question: Based on the below table. Given that the student has received a collage degree, what is the probability that the student has a delinquent loan?

Based on the below table. Given that the student has received a collage degree, what is the probability that the student has a delinquent loan?

Collage Degree
Yes No Total
Loan Status: Satisfactory 0.28 0.24 0.52
Loan Status: Delinquent 0.16 0.32 0.48
0.44 0.56

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!