Jane's accounting department hires CPA's from three states. The head of accounting gives Jane the following...
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Jane's accounting department hires CPA's from three states. The head of accounting gives Jane the following information. Three states are beginning to require that future CPA's have 150 hours of college credit, VA, NC, and HI. 12% of the future CPA's will come from HI, 33% from VA, and 55% from NC. Given that a future CPA is from VA there is a 38% probability that they will have met the 150 hrs of college credit requirement. Whereas, given a future CPA is from NC there is an 85% probability that they will have met the 150-hr.college-credit-requirement. In the same vein, given a future CPA is from HI there is a 42% probahility that they will have met the 150-hr college credit requirement. The accounting department wants to know: a. Create a joint probability table. b. What is the probability of a future CPA not having the 150-hr college credit requirement? Given that a student does not meet the 150-hr college credit requirement, what is the probability that they are from NC? c. Show that the state a future CPA is from and the ability to meet the 150-hr college credit requirement are dependent events (i.e., show p(alb)=p(a)). d. 2, Jane's accounting department hires CPA's from three states. The head of accounting gives Jane the following information. Three states are beginning to require that future CPA's have 150 hours of college credit, VA, NC, and HI. 12% of the future CPA's will come from HI, 33% from VA, and 55% from NC. Given that a future CPA is from VA there is a 38% probability that they will have met the 150 hrs of college credit requirement. Whereas, given a future CPA is from NC there is an 85% probability that they will have met the 150-hr.college-credit-requirement. In the same vein, given a future CPA is from HI there is a 42% probahility that they will have met the 150-hr college credit requirement. The accounting department wants to know: a. Create a joint probability table. b. What is the probability of a future CPA not having the 150-hr college credit requirement? Given that a student does not meet the 150-hr college credit requirement, what is the probability that they are from NC? c. Show that the state a future CPA is from and the ability to meet the 150-hr college credit requirement are dependent events (i.e., show p(alb)=p(a)). d. 2,
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Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-0077862213
3rd edition
Authors: Steven Mintz, Roselyn Morris
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