Conditional probability that student has work experience

Assignment Help Basic Statistics

Reference no: EM13150993

Suppose that there are 100 MBA students in the first-year class. Of these students, 20 of them have two years work experience, 30 have three years work experience, 15 have four years, and 35 have five or more years of work experience. Suppose that a first-year MBA student is selected at random.

a)What is the probability that this student has at least for years of work experience.

b)Suppose that you are told that this student has at least three years of work experience. What is the conditional probability that this student has at least for years of work experience.

Reference no: EM13150993

Questions Cloud

How would you change the organizational architecture : none of the employees makes the effort to do so. How would you change the organizational architecture of the firm to raise profitability?

Entry to assign overhead : Price Manufacturing assigns overhead based on machine hours. Department A logs 1,200 machine hours and Department B shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:

What was the pressure of the hydrogen gas : hydrogen gas was collected over water in a eudiometer at 26 degrees c when the atmospheric pressure was 726 mm hg. What was the pressure of the hydrogen gas?

Describe the positive and negative impacts social regulation : Provides a detailed and well-supported explanation of the justification for natural monopolies according to economic theory.

Conditional probability that student has work experience : Suppose that you are told that this student has at least three years of work experience. What is the conditional probability that this student has at least for years of work experience.

Managerial reporting of standard variance basics : Question: Should this managerial reporting of standard variance practice be permitted to continue? If not why and what affects does this accounting practice have on the company and its investors?

Draw a dashed line indicating : Draw three water molecules as they would tend to exist near each other in nature.

What are the names of other firms in this industry : What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?

How do fixed costs play a role in your analysis : How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?

User Account

All Pages