- 5 Marks
QT – Nov 2016 – L1 – Q1c – Probability
This question deals with calculating the conditional probability of earning more than GHC 5,000 given that an ICAG-qualified individual stays at a university.
Question
If selected by the panel, the probability that an ICAG-qualified member will remain with the Private University is 0.6, and the probability that a Chartered Accountant earns more than GHC 5,000 per month in the university is 0.5. If the probability that Mr. Agbagba will remain with the university or earn more than GHC 5,000 per month is 0.7:
Required:
Calculate the probability that he will earn more than GHC 5,000 per month given that he is a Chartered Accountant who will stay with the university.
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- Topic: Probability
- Series: NOV 2016
