Of all the students who take the CPA examination, one-fourth have a Master’s degree and the remainder have Bachelor’s degrees. Half of the students with Bachelor’s degrees pass the examination, and...

Of all the students who take the CPA examination, one-fourth have a Master’s degree and the remainder have Bachelor’s degrees. Half of the students with Bachelor’s degrees pass the examination, and three-fourths of those with Master’s degrees pass.

Find the probability that a student chosen at random from those taking the exam will pass