Question 6 A survey of a sample of business students resulted in the following information regarding the genders of the individuals and their selected major. Management Marketing Others Total Gender Male 30 80 Female 70 120 Total 100 200 40 30 70 10 20 30 What is the probability of selecting an individual who is majoring in Management and Marketing? P(Management Marketing)? Assume no double-majors.

Q: (2) Percentage Of (3) Percentage Of (1) All Households All Households Personal Income In This In…

A: In column 3 there is a case of cumulative addition i.e successive addition.

Q: A commission salesperson may work hard or shirk. Hard work will increase the probability of making a…

A: As a profit maximizing firm, a firm always ready to take a deal if that is yielding positive net…

Q: that the and 2. A survey of health care found out that out of five sex workers say he/she has…

A: 2. Probability that a worker says he/she has visited a doctor in a given month p= x/n = 1/5 (1 out…

Q: Marginal Marginal Output Revenue Cost -- -- $16 $14 16 16 15 4 16 21 16 28 Refer to the above data.…

A: When revenue earned from a business operation exceeds the expenditures, costs, and taxes involved in…

Q: A measure that is high in validity a) measures what it is intended to measure. D) demonstrates a…

A: Answer: a (measures what it is intended to measure) Explanation: A test has high validity if it…

Q: 1. Imagine a person who wants to find a job within two months. Define X corresponding to the…

A:

Q: Cookie Chocolate chip Peanut butter Oatmeal Sugar/shortbread Other Total Frequency 483 231 147 126…

A: The survey is taken for 1050 adults and we are given the frequency distribution for the same.

Q: Q1: You are a juror contemplating your verdict on a criminal case. Based on all of the evidence you…

A: Answer-

Q: In the United States of America the top 50% of households have about ________ per cent of all wealth…

A: Such facts give us an idea about the wealth inequality present in the country.

Q: A U.S. emergency relief agency is considering sending a team of experts to another country to treat…

A: One economic evaluation tool for assessing the costs and effects of competing initiatives is cost…

Q: Suppose Eman has an 85% chance of passing each time he takes a quiz. What is the probability that he…

A: Probability of passing an exam = 85%  Probability of failing the exam = 100 - 85 = 15%

Q: You see a TV commercial that states that “seven out of ten physicians surveyed prefer the…

A: Answer Explanation P(Seven or more who preferred the advertised product) = P(X ≥ 7) = 1 - P(X<7)…

Q: a. Compute E(Y). b. The unemployment rate is the fraction of the labor force that is unemployed.…

A: ( According to Bartleby Guidelines we are only allowed to answer 3 sub parts of a question at a…

Q: Suppose that two investments have the same three payoffs, but the probability associated with each…

A: We can use the expected utility theorem, which states that the best decision is the one that…

Q: According to a recent Wall Street Journal article, about 2% of new US car sales are electric…

A: The USA experiences a sales of electric vehicles of 2%. The company has 111 employees that drive…

Q: please help with 1 and 2   Students taking the Graduate Management Admissions Test (GMAT) were…

A: Probability of occurrence of an event is the ratio of the expected favourable number of cases and…

Q: The goal of the consumer is to maximiz the total utility or satisfaction derived from their purchase…

A: The utility is the wants satisfying power of a good or service.  Utils is a measure of utility.…

Q: 6. Market research has shown that 90% of Summer Cruise customers are satisfied with their service. A…

A: (a) The probability that at most 2 customers are satisfied with their service is approximately…

Q: ADVERSE SELECTION Somet Health Insurance Company wants to sell a health insurance product for $700…

A: Adverse selection is likely to occur when the sellers possess more information than the buyers, or…

Q: Suppose a steroid test is 81% sensitive and 85% specific. That is, the tes will produce 81% true…

A: Using Bayes Theorem: P(user/-ve)=P(-ve/user)P(user)P(-ve/user)P(user)+(-ve/non-user)P(non-user)…

Q: If we segment a market by demographics, which of the following measures will be used? Choose one…

A: Demographic segmentation separates the market into more modest classes dependent on segment factors,…

Q: 10. Calculate a joint probability given data: -Sample of 9000 firms. 6000 have CEO with Bachelor's…

A: Answer x=CEO has a Bachelor's Degree or a Ph. D related event =CEO with Bachelor's degree+CEO with…

Q: Question With a score of 52 on the Masculity dimension, Canadians will sacrifice family and leisure…

A: The Masculinity side of this dimension represents an inclination in the public arena for…

Q: 35. In the MSR test, what does the animals reaction to the mirror indicate? - a) Interest level - b)…

A: The Mirror Self-Recognition (MSR) test, also known as the mirror test, is an experiment developed by…

Q: True or False: The way FICO scores are calculated never vary based on individual characteristics. O…

A: A FICO score informs a lender about a borrower's creditworthiness.) The range of scores is 300 to…

Q: A researcher wants to study about the behaviours of postgraduate students in Australia in mobile…

A: Variables are the factors that vary, variables are important part of research analysis.

Q: month. 3. Ministry of Education marked research found that 40% of Liberians do not think having a…

A: Probability that a Liberian do not think having college education is important to living a better…

Q: Managers of the restaurant, NicePizzeria@Nola, have to plan for the number of pizzas they want to…

A: To find the expected profit first of all you need to find expected demand by multiplying the…

Q: Historical data indicates that only 35% of cable customers are willing to switch companies. If a…

A: A capable person able to switch i.e. P = 35% n = 12

Q: Assume that everyone's preferences among the three outcomes are fully evident as a result of the…

A: The game theory term refers to one of the branches in mathematics (and economics) that…

Q: Context : The London Metro Bus is crowded for travel during peak hours. During such travel hours two…

A: The London Metro Bus remains crowded during the peak hours. Two daily passengers board the train on…

Q: proportion of vehicles which drive above the speed limit on a freeway is 85%.  Suppose 100 vehicles…

A: A probability distribution portrays the normal results of potential qualities for a given…

Q: A law school is trying to gain a better understanding of the determinants of bar passage rates.…

A: P(X) - The probability with which a randomly selected graduate has received an A in Economic…

Q: 1. differentiate f(x)=(4x*+3x)(2x*+2x) Let u(x)=)=(4x*+3x) and v(x)= (2x+2x)

A: We have product rule of differentiation  f'(x) = u(x)v'(x) + v(x)u'(x)

Q: If probability of "Event A occurs" is 0.6, then probability of "Event A does not occur" is

A: Given below is the information: The probability of an event to occur = 0.6

Q: a) The University of the East Europe is interested in the overall performance of its students in the…

A: A "population of interest" is a population or group from which a researcher attempts to draw…

Q: II. Performance Appraisal Using the Paired-Comparison for the following employees. method of…

A: The goal of the employee comparison pairs created in the paired comparison technique of performance…

Q: The following table shows the number of students at a college who were offered teaching positio…

A: Given: The formula to compute the probability is: Probability=Number of favorable outcomesTotal…

Q: Suppose we are again given 20 tulip bulbs that are very similar in appearance. Information on this…

A: Probability characterizes the likelihood of the event of an occasion. There are some real…

Q: A deck of 52 playing cards consists of 4 suites: clubs, spades, hearts, and diamonds. Each suite…

A: Given: A = a card "2" is drawn Total number of 2=4 Total 4 suites are there in 52 card decks. To…