Rohit is doing research on entrepreneurs. The distinctions he is currently considering are whether a founder of a company has a Stanford degree, whether the company succeeds in having an initial...

Rohit is doing research on entrepreneurs. The distinctions he is currently considering are whether a founder of a company has a Stanford degree, whether the company succeeds in having an initial public offering (IPO), and whether the funding ofthe company was high or low. He describes his beliefs about this subject in the following tree:

Given this information, how many of the following statements are true?

I. Founders is irrelevant to Funding given &.

II. Founders is irrelevant to IPO given Funding and &.

III. Founders is irrelevant to Funding given IPO and &.

a. 0 c. 2

b. 1 d. 3