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The chartered financial analyst (CFA) is a designation earned after taking three annual exams (CFA I,II,...

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Basic Math

The chartered financial analyst (CFA) is a designation earnedafter taking three annual exams (CFA I,II, and III). The exams aretaken in early June. Candidates who pass an exam are eligible totake the exam for the next level in the following year. The passrates for levels I, II, and III are 0.58, 0.75, and 0.81,respectively. Suppose that 3,000 candidates take the level I exam,2,500 take the level II exam and 2,000 take the level III exam. Arandomly selected candidate who took a CFA exam tells you that hehas passed the exam. What is the probability that he took the CFA Iexam? Probability =

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4.4 Ratings (971 Votes)
A Event of a randomly selected candidate taking level IexamB Event of a randomly selected candidate taking level IIexamC Event of a randomly selected candidate taking level    See Answer
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