Question: please answer it step by step show your work 2 (DeFusco #15) (1.5 points) You have developed redits. Companies that do not receive a passing

please answer it step by step show your work please answer it step by step show your work 2 (DeFusco #15)

2 (DeFusco #15) (1.5 points) You have developed redits. Companies that do not receive a passing score are cl 12 months. You gathered the following information when vali a set of criteria for evaluating distressed classed as likely to go bankrupt within dating the criteria: - Thirty perce months: P(nonsurvivor)-0.30 nt of the companies to which the test is administered will go bankrupt wi within 12 Forty percent of the companies to which the test is administered pass it urvive 12 hat it will subsequently not s - The probability that a company will pass the test given t months is 0.20: P(pass test I nonsurvivor)- 1/5 a. What is P(pass test survivor)? b. What is P(survivor I pass test)? c. What is P(nonsurvivor fails test)

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