A GMAC MBA new-matriculants survey provided the following data for 2018 students.Excel File: data04-53.xlsxApplied to MoreThan One SchoolYesNo23 and under20720124-26299379AgeGroup27-3018526831-356619336 and over51169a. Given that a person applied to more than one school, what is the probability that the person is 24 - 26 years old (to 2 decimals)?b. Given that a person is in the 36 and over age group, what is the probability that the person applied to more than one school (to 4 decimals)?c. What is the probability that a person is 24 - 26 years old or applied to more than one school (to 4 decimals)?d. Suppose a person is known to have applied to only one school. What is the probability that the person is 31 or more years old (to 4 decimals)?e. Is the number of schools applied to independent of age? Explain.Select your answer -

Step 1:Given Table :Age GroupApplied to more than one school-----------------YesNo23 and…

Answered: A GMAC MBA new-matriculants survey…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Attendance at Orlando's newest Disneylike attraction, Lego World, has been as follows: Quarter Guests (in thousands) Quarter Guests (in thousands) Winter Year 1 63 Summer Year 2 120 Spring Year 1 99 Fall Year 2 54 Summer Year 1 149 Winter Year 3 94 Fall Year 1 75 Spring Year 3 151 Winter Year 2 64 Summer Year 3 210 Spring Year 2 83 Fall Year 3 99 Part 2 Based on the given attendance, the seasonal indices for each of the seasons are (round your responses to three decimal places): Season Index Winter enter your response here
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Quarterly sales of a local department store over a 4-year period are given below: Quarters 2016 Q1 Sales (in millions) 500 Quarters 2018 Q1 Sales (in millions) 560 2016 Q2 490 580 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2016 Q3 570 630 2016 Q4 2017 Q1 2017 Q2 750 720 480 540 500 590 2017 Q3 580 2019 Q3 620 2017 Q4 740 2019 Q4 790 The data shows sign of seasonality. By computing seasonal indices for each quarter, forecast the sales for each quarter in year 2020, given that the estimated sales in 2020 is
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Descriptive statistics for the closing stock prices of two companies for several trading periods are shown below. Baba, Inc Maman, Inc. Mean 4.00 Mean 15.91 Standard Error 0.11 Standard Error 0.29 Median 3.92 Median 16.59 Mode 4.19 Mode 15.58 Standard Deviation 1.12 Standard Deviation 3.21 Sample Variance 1.25 Sample Variance 10.31 Kurtosis -1.15 Kurtosis 3.52 Skewness 0.08 Skewness -2.09 Range 3.95 Range 13.45 Minimum 2.03 Minimum 5.55 Maximum 5.98 Maximum 18.99 Sum 436.32 Sum 1972.61 Count 109 Count 124 Which company's stock price has a more dispersed distribution? Maman, Inc. Baba, Inc.
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