What is the probability they graduated

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If a student graduates with $50,000 or less in student loans, the probability they default on them is 0.2. If a student graduates with between $50,000 and $100,000 in students loans, the probability they default on them is 0.3. If a student graduates with $100,000 or more in student loans, the probability they default on them is 0.4. It is known that 60% of students graduate with $50,000 or less in loans, 30% graduate with between $50,000 and $100,000, and 10% graduate with $100,000 or more. If a selected student defaults on their loans, what is the probability they graduated with $100,000 or more in loans?

Reference no: EM132846838

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