### Probability of Receiving a Discount**Context:** Approximately 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees earning the prevailing minimum wage or less. Answer the following questions to determine the probability that certain companies will receive the discount.**Problem Analysis:**(a) **Company A** has 289 employees.- **Question:** What is the probability that Company A will get the discount?- **Probability:** 0.0000 (Rounded to four decimal places as needed.)(b) **Company B** has 516 employees.- **Question:** What is the probability that Company B will get the discount?- **Action:** Calculate and round the probability to four decimal places as needed. (An answer box is provided for students to input their calculation.)**Further Explanation:**- The probability needs to be calculated based on the percentage of workers earning the minimum wage and the total number of employees in each company. Analyze using statistical or probability formulas as per taught methods to find the exact answers.

Answered: ffers discount rates to companies that…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The accompanying table shows the numbers of male and female students in a particular country who received bachelor's degrees in business in a recent year. Complete parts (a) and (b) below. Click the icon to view the data on business degrees. (a) Find the probability that a randomly selected student is male, given that the student received a business degree. The probability that a randomly selected student is male, given that the student received a business degree, is (Round to three decimal places as needed.) (b) Find the probability that a randomly selected student received a business degree, given that the student is female. The probability that a randomly selected student received a business degree, given that the student is female, is (Round to three decimal places as needed.) Business graduates Business degrees Nonbusiness degrees Total Male 192,167 616,454 808,621 1,056,907 1,865,528 Female 173,249 883,658 Total 365,416 1,500,112
A. A recent study found that 2% of Americans admitted they had driven while intoxicated in the prior month. If a problem asks you to find the probability that 200 or fewer people in a population of 10,000 drive under the influence of alcohol, how do you solve the problem after finding the probability in the z-table? A. Subtract one from the probability you find in the z-score tables B. The probability that equates to the z-score is the answer C. Tis problem cannot be answered with the z-tables D. Take the probability you find in the z-score tables and subtract from one
a. In CSE230, there were 2 assignments this semester. The probability that you would get above average marks in the first and the second assignments are 0.7 and 0.6 respectively. But if someone gets the above average marks in the first assignment, the probability of getting above average marks in the second assignment becomes 0.9. What is the probability to get above average marks in both the assignments?
QUESTION 2 a) Based on the past data, 8% of customers will order a dessert with the meal at a noodle's restaurant. 14% of them will order a bottled beverage. i. What is the probability that a customer will order both a dessert and a bottled average? (2 marks) ii. The customers have ordered a dessert with the meal. Calculate the probability that he or she will order a bottled beverage. (2 marks) b) The Graduate Management Admission Test (GMAT) is a requirement for all applicants of MBA programs. A variety of preparatory courses are designed to help applicants improve their GMAT scores, which range from 200 to 800. Suppose that a survey of MBA students reveals that among GMAT scorers at least 650, 72% took a preparatory course; whereas among GMAT scores of less than 650 only 31% took a preparatory course. The probability for an applicant to score at least 650 is 30%. Suppose he was not taking the preparatory course. What is his probability of achieving 650 or more for GMAT score? (5…
The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations here
A daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297
Determine which of the following numbers could not represent the probability of an event. 440 35 1219 22 0,0.019, - 0.6, 40%, Select all that apply. OA. 0 B. 35 22 O C. 440 1219 O D. -0.6 E. 0.019 F. 40%
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2) The probability that a randomly selected student is female given that the student received a business degree, is
Q.2 the probability that a missile hit the target is 0.90. If three missile of this type has been fired. Find the probability that (i) at least 2 hit the target. (ii) Exactly two hit the target.
There is a 0.9985 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $191 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $120,000 as a death benefit. Complete parts (a) through (c) below.

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