More than 40 million Americans are estimated to have at least one outstanding st

Question

More than 40 million Americans are estimated to have at least one outstanding student loan to help pay for college expenses. Not all graduates pay back thei debt in satisfactory fashion. Suppose that the following table shows data for a randomly selected sample of Americans. The table contains student loan repayment status (satisfactory or delinquent) and whether or not the student had received a college degree. Calculate the conditional probability that the person successfully earned a college degree given that they had delinquent repayment status. College Degree Yes No 200 365 Satisfactory 274 Delinquent127 Hint: Add marginal totals to the table. Round your answer to three decimal places. Your Answer: Answer

Explanation / Answer

Dear Student Thank you for using Chegg !! Given total number of college students be P Number of college students with delinquent repayment status = 127 + 365 492 Number of college students with delinquent repayment status = 127 and successfully earned a college degree Probability that person successfully earned a college degree given = 127/492 they had delinquent repayment status = 0.25813008 = 0.258 Solution

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