Probability that jim will be accepted by two universities

Assignment Help Basic Statistics
Reference no: EM13148277

Jim is considering pursuing an MS in Information Systems degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 30% for University X and 55% for University Y. What is the probability that Jim will be accepted by at least one of the two universities?

Reference no: EM13148277

Questions Cloud

Does the merger result in increased prices : find the profit maximizing monopoly prices of the procedure at each hospital. include the effect of each hospital's price on the profit of the other hospital. c) Does the merger result in increased prices?
Process of cost committment during various phases : Using published sources, identify the process of cost committment during various phases of some product's life cycle. Try to find several examples so that you can contrast the rate of cost committment for different products.
Repaying all amounts outstanding : \Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2009, from Natalie's grandmother.
More quickly in solow model but more slowly in romer model : More slowly in the Solow model but more quickly in the Romer model. More quickly in the Solow model but more slowly in the Romer model.
Probability that jim will be accepted by two universities : The acceptance rate for applicants with similar qualifications is 30% for University X and 55% for University Y. What is the probability that Jim will be accepted by at least one of the two universities?
What is the realized real holding gain : Compute the current value depreciation for each year. What is the realized real holding gain for the years 2001 - 2004?
What is the empirical formula of the compound : A 5.325g sample of methyl benzoate, a compound found in perfumes, was found to contain 3.758g of carbon, 0.316g of hydrogen, and 1.1251g of oxygen.
New horizontal intercept lower than before : The wage then increases to $10. The wage then increases to $14. Each time the budget constraint: a. Rotates clockwise with new vertical intercept higher than before and new horizontal intercept lower than before
Basic earnings per share computation : Albacore company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30. On September 30, 12,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimating variance and standard deviation

In a sample of 10 workers, what is the probability that exactly three workers take the public transport daily? [Hint: It is a Binomial Distribution Problem.]

  Confidence interval estimate-population proportion-degree

People with MBAs often get promoted faster than people without the degree. Prepare a 92% confidence interval estimate for the population proportion.

  Proportion of americans drink more than eight servings

Servings of water is approximately normally distributed with a standard deviation of 1.4 serving, what proportion of americans drink a. more than the recommended 8 servings.

  Probability of selecting sample with mean of at least value

The mean amount of life insurance per household in the United States is $110,000. What is the likelihood of selecting a sample with a mean of at least $112,000?

  Determining probability for normal distribution

According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy and electronically file a 1040 tax form. This distribution of times follows the normal distribution and the standard deviation is 80 minutes.

  Probability that a parolee will commit a crime

The probability that a parolee will commit a crime while on parole is 0.68. A parole officer is in charge of 8 parolees. What is the probability that at least 7 of them will commit a crime while on parole?

  Compute mean and standard deviation of normal distribution

A normal distribution was used as the prior for the mean, and it was found that posterior mean was 15 and the posterior standard deviation was 0.1 what were the mean and standard deviation of the prior.

  Testing research hypotheses

In playing the Lemonade Stand Game, Bob decreased his price per cup by two cents, from $.27 per cup to $.25 per cup. At the .05 level of significance, did net revenue increase?

  Decision criterion-alterntive for optimistic decision maker

On the other hand, if the market is unfavorable. ken will suffer a loss of $200.000. But ken has always been a very optimistic decision maker.

  Testing hypothesis using alpha value

Test hypothesis that Site B is more successful in initiating acquaintances than Site A. Use alpha = .05.

  Weight loss from diet

When 40 people used the Weight Watchers diet for one year, their weight losses had a standard deviation of 4.9 lb (based on data from "Comparision of the Atkins, Ornish, Weight Watchers, abd Zone Diets for Weight Loss and Heart Disease Reduction, ..

  Alternative hypothesis that teacher wishes to test

If μ represents the mean increase in the verbal SAT score if all high school students used the method, the alternative hypothesis the teacher wishes to test is what?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd