These days with the cost of a college education it is important to be able to graduate with a bachelors degree in 4 years. The National Association of Independent Colleges and Universities (NAICU) certainly would encourage students to attend independent schools. They provided the following information:. (i) 20% of all college students attend private colleges and universities.
(ii) 55% of all college students graduate in 4 years.
(iii) 79% of students attending private colleges and universities graduate in 4 years.
What is the probability that a randomly chosen student attended a private school and graduated in 4 years?
a) .55 / .79 = .6962
b) .20 / .55 = .3636
c) .20 / .79 = .2532
d) .55 * .79 = .4345
e) .20 * .55 = .11
f) .20 * .79 = .158