What is probability that two applicant selected randomly

Assignment Help Econometrics
Reference no: EM13218184

a)What is the probability that two randomly (and independently) selected applicants will both score less than 450 in this test?

b) What is the probability that out of two randomly (and independently) selected applicants, at least one will score less than 450 in this test?

Reference no: EM13218184

Questions Cloud

Monitor and track marketing investments : The CEO has asked you to prepare a dashboard for her to monitor and track marketing investments on a quarterly basis. Describe your approach.
What is the smallest number of samples : What is the smallest number of samples that could be collected in order to know for sure whether or not the 1000Hz component is present? Assume you are using a Rectangular window.
Where do the raw materials come from : Where do the raw materials come from and what firms are involved in its manufacturing
Trace the memory system from stimuli : Trace the memory system from stimuli into long-term memory. Discuss the features of each step and factors that enhance or impede information flow in each step of the process.
What is probability that two applicant selected randomly : a)What is the probability that two randomly (and independently) selected applicants will both score less than 450 in this test b) What is the probability that out of two randomly (and independently) selected applicants, at least one will score less..
Explain what is learning : What is learning? Give an example. Indicate in your example the major elements that demonstrate it is an example of learning. Identify and discuss the factors that can affect whether training transfers back to the job. Which two factors do you feel ..
Asian americans and pacific islanders are a model minority : Asian Americans and Pacific Islanders are a model minority, and (b) Asian Americans and Pacific Islanders belong to a single Asian American culture, what do you say to them to convince them both statements are misconceptions?
Write an instruction sequence : Write an instruction sequence to set bits 3, 2, 1, and 0 of memory location at $1000 to 1 and leave the upper four bits of the same locations unchanged. use hcs12/9s12 to program.
Effective academic writer : What are the key services offered through the center for writing excellence? describe how these services may make you a more effective academic writer.

Reviews

Write a Review

Econometrics Questions & Answers

  How many crates of grapes will it produce in a typical month

A firm called Altobella Vineyard produces Concord grapes in a perfectly competitive market in which monthly demand is given by the equation Q = 1800 - 16P and monthly supply by the equation Q = -660 + 14P, where P is the price per crate of grapes.

  What are general equilibrium values of real interest rate

An economy has full-employment output of Y%u0305 = 1850. Desired consumption and desired investment are: \(C^{d}= 500 + .5(Y-T)-100r\) \(I^{d}= 400 - 100r\) Government purchases and taxes are G = T = 200. Money demand is: \(M^{d}=P(.5Y-200i)\) The n..

  What is the official unemployment rate

Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor fo..

  Determine best level of output and price for hair styling

In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q = 180 - 10P, where P is in dollars. The marginal cost function of all the small salons together is SMCF = 4..

  Calculate the accounting profit and the economic profit

Gomez runs a small pottery firm. He hires one helper at $11,500 per year, pays annual rent of $7,000 for his shop, and spends $22,500 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth..

  What wage would the firm pay if the candidate was found

The firm prefers to have type M in job D type U in job E. In the best outside option, the candidate is paid $80,000 a year. The monetary value of disutility in the job D is $15,000 for type M and $30,000 for type U.

  What is the present worth of the savings over 10-years

A concept car that will get 100 miles per gallon and carry 4 persons would have a carbon-fiber and aluminum composite frame with 900 cc three cylinder turbodiesel / electric hybrid power plant. The extra cost of these technologies is estimated to ..

  How to book value schedule using the macrs

A corporation purchased a computer system for use by the firm's engineers. The system cost $500,000. At the end of its depreciable life, the salvage value for the system is $25,000. Compute the depreciation and book value schedule using the MACR..

  What would be the right setting for the federal funds

Policymaking is much easier when the stae of the economy is easily observable than when there is uncertainty about how the economy is doing, as this problem illustrates. Suppose that the economy is either in an expansion or a recession.

  Determine the average product of labor ap

Consider the production function f(L;K) = L + K. a. Suppose K is fixed at 2. Find algebraic expressions for the total product of labor function TP(L), the average product of labor AP(L), and the marginal product of labor MP(L).

  What is the growth rate of its gdp

Suppose an economy's real GDP is $50,000 in year 1 and $55,000 in year 2. What is the growth rate of its GDP Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita

  Determine what is the cost of common equity

Patton Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock. Its before-tax cost of debt is 11% and its marginal tax rate is 40%. The current stock price is P0 = $33.00. The last dividend was..

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