Rex is a smart fellow he gets an a in a course 80 of the


Rex is a smart fellow. He gets an A in a course 80% of the time. Still, he likes his leisure, onuly studying for the fimal exam in half of the courses he takes. Nevertheless, whe:n he: dy is l : (95% likely) to get an A. Assuming he got an A, how likely is it he studied? If someone estimates the above to be 75%, what error are they committing? Explain

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Financial Management: Rex is a smart fellow he gets an a in a course 80 of the
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