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The chance that an individual will fail in their bar exams is 0.4. However, when they attempt the exam the second time they will have the chances of passing increase to 0.8. I am trying to determine the probability of failing the first time and passing the second time.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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