The Cook County Lumber Co. has three sawmills that produce boards of different lengths. The following table is a joint frequency distribution based on a random sample of 1,000 boards selected from the lumber inventory. Board Length Sawmill 8ft 10ft 12ft 14ft A 140 100 80 14 B 250 20 100 50 C 160 50 16 20 Based on these data, if a board is selected that is 12 feet long, the probability that it was made at sawmill A is: 0.20 0.24 0.08 0.41

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
The Cook County Lumber Co. has three sawmills that produce boards of different
lengths. The following table is a joint frequency distribution based on a random
sample of 1,000 boards selected from the lumber inventory.
Board Length
Sawmill
8ft
10ft
12ft
14ft
A
140
100
80
14
B
250
20
100
50
C
160
50
16
20
Based on these data, if a board is selected that is 12 feet long, the probability that it
was made at sawmill A is:
0.20
0.24
0.08
0.41
Transcribed Image Text:The Cook County Lumber Co. has three sawmills that produce boards of different lengths. The following table is a joint frequency distribution based on a random sample of 1,000 boards selected from the lumber inventory. Board Length Sawmill 8ft 10ft 12ft 14ft A 140 100 80 14 B 250 20 100 50 C 160 50 16 20 Based on these data, if a board is selected that is 12 feet long, the probability that it was made at sawmill A is: 0.20 0.24 0.08 0.41
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON