a. Develop a joint probability table for these data (to 3 decimals). Intended Enrollment Status Full-Time Part-Time Totals Undergraduate Major Business Engineering Other Totals b. Use the marginal probabilities of undergraduate major (Business, Engineering, or Other) to comment on which undergraduate major produces the most potential MBA students. c. If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate Engineering major (to 3 decimals)? d. If a student was an undergraduate Business major, what is the probability that the student intends to attend classes full-time pursuit of an MBA degree (to 3 decimals)? e. Let A denote the event that student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate Business major. Are events A and B independent?
a. Develop a joint probability table for these data (to 3 decimals). Intended Enrollment Status Full-Time Part-Time Totals Undergraduate Major Business Engineering Other Totals b. Use the marginal probabilities of undergraduate major (Business, Engineering, or Other) to comment on which undergraduate major produces the most potential MBA students. c. If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate Engineering major (to 3 decimals)? d. If a student was an undergraduate Business major, what is the probability that the student intends to attend classes full-time pursuit of an MBA degree (to 3 decimals)? e. Let A denote the event that student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate Business major. Are events A and B independent?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
i need help with EXCEL FORMULA

Transcribed Image Text:Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses
follows.
X
Open spreadsheet
a. Develop a joint probability table for these data (to 3 decimals).
Intended
Enrollment
Status
Full-Time
Part-Time
Totals
Business
Undergraduate Major
Engineering
Other
Totals
b. Use the marginal probabilities of undergraduate major (Business, Engineering, or Other) to comment on which undergraduate major produces the most potential MBA students.
c. If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate Engineering major (to 3 decimals)?
d. If a student was an undergraduate Business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree (to 3 decimals)?
e. Let A denote the event that student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate Business major. Are events A and B
independent?

Transcribed Image Text:Full Time
Part Time
Totals
Full Time
Part Time
Totals
Part C:
Part D:
Part C
Undergraduate Major
Business Engineering Other
Part D
420
400
820
394
593
987
75
45
120
Part A: Joint Probability Table
Business Engineering
Other
Totals
889
1038
1927
Totals
Develop a joint probability table for these data in the blue cells.
Place your values in the green cells (to 3 decimals).
Full Time
Part Time
Totals
Part C:
Part D:
Business
#N/A
#N/A
#N/A
#N/A
#N/A
Part A: Formulas Used
Engineering
#N/A
#N/A
#N/A
Other
#N/A
#N/A
#N/A
Question Prompts for Parts C & D
If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate Engineering major (to 3 decimals)?
If a student was an undergraduate Business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree (to 3 decimals)?
Totals
#N/A
#N/A
#N/A
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