Students taking the Graduate Management Admissions Test (GMAT)were asked about their undergraduate major and intent to pursue theirMBA as a full-time or part-time student. A summary of their responsesfollows. Answer questions 6-9.Undergraduate MajorBusiness Engineering Other TotalsFull-Time 352197251 800Intended EnrollmentPart-150161194 505StatusTimeTotals 502358445 1305 Refer to Table 1. What is the probability that an undergraduatebusiness major intends to attend classes full-time in pursuit of an MBAdegree ?0.2697.0.6130.0.7011.0.4400.

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Answered: Refer to Table 1. What is the…

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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You are working as a portfolio manager for an Asset Management firm. The following table provides the annual returns expected under various market conditions or regime. Each regime has the probability given in the table (i.e. P(Pandemic) = 0.05 and P(Recession) = 0.20, and so on)...Please answer the following questions from the data in the table:
Find the probability that the total number of breakdowns that occur in a particular 4-week period is exactly 10, giving the answer to 4 decimal places.
Suppose a person is looking for a one-year life insurance policy. They decide on a $232994 policy. This policy costs $291 per year. Suppose the probability the person dies in the year is 0.0006. Find the expected value of the policy for the insurance company. Give your answer as a decimal to at least two decimal places.
There is a 0.9984 probability that a randomly selected 28-year-old male lives through the year. A life insurance company charges $168 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Complete parts (a) through (c) below.
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suppose that on-the-job injuries in a textile mill occur at the rate of 0.1 per day. A, what is the probability that two accidents will occur during the next (five-day) work week? B, in the probability that four accidents will occur over the next two work weeks, the square of your answer to part (a) explain?
Richies insurance company offers a 250,000 life insurance policy for a premium of $750 per year. If the probability you live through the year is .9977 what is the expected value to the insurance company
es The Internal Revenue Service is studying the category of charitable contributions. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 25 returns, five had charitable contributions of more than $1,000. Four of these returns are selected for a comprehensive audit. a. The hypergeometric distribution is appropriate because it is Osampling a small population without replacement. O sampling a small population with replacement. O sampling a large population without replacement. b. What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.) Probability
a. Suppose you know that the marketer is a B2B marketer. What is the probability that he or she plans to increase use of social media? The probability that he or she plans to increase use of social media is (Simplify your answer. Round to three decimal places as needed.)
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During one year, a particular mutual fund outperformed the S&P 500 index 32 out of 52 weeks. Find the probability that it would perform as well or better again. The probability is (Round to four decimal places as needed.)
The probability that a 30-year-old male in the U.S. will die within one year is about 0.00142. An insurance company is preparing to sell a 30-year-old male a one-year, $45,000 life insurance policy. How much should it charge for its premium in order to have a positive expectation for the policy? (Round your answer to the nearest dollar.)

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Refer to Table 1. What is the probability that an undergraduate business major intends to attend classes full-time in pursuit of an MBA degree ? 0.2697. 0.6130. 0.7011. 0.4400.