Reference no: EM133082897

*Note that all answers must include worded conclusions

1. A survey of 1000 Mercy graduates revealed that 910 were satisfied with their investment in their Mercy College degree. What is the probability of selecting a Mercy graduate who is not satisfied with their investment in their Mercy degree?

2. A bowl consisting of 25 yellow M & M's, 40 green M & M's, and 35 brown M & M's.

A. What is the probability of randomly selecting two M & M's from this bowl and they are both brown M & M's? (Assuming you eat the first brown M & M selected)

B. What is the probability of selecting two M & M's and they are both brown? ( Assuming you put the first M & M selected back in the bowl before selecting the second M & M)

3. What is the probability of selecting a 2 from a standard deck of playing cards?

4. A study of Amazon delivery services revealed a 96% on time delivery rating. Assuming on time delivery of each package is independent.

A. What is the probability of selecting 10 Amazon packages and all of them are delivered on time?

B. What is the probability of selecting 10 Amazon packages and exactly 2 are delivered on time?

C. What is the probability of selecting 20 Amazon packages and no more than 9 arrive on time?

D. What is the probability of selecting 25 Amazon packages and less than 2 are delivered on time?

5. A car dealership has 35 used vehicles on its lot, of which 28 are valued at $20,000 or less. It has 40 new vehicles on its lot, of which 1 is valued at $20,000 or less.

A. What is the probability of random selecting a car from this lot and finding that it is a used car or a car valued at $20,000 or less?

B. What is the probability of selecting a new car?

C. What is the probability of selecting a new car or one that is valued above $20,000?

D. What is the probability of selecting a used car?

6. An analyst has managed to pick 85 winning stocks out of her last 100 stock picks.

A. What is the probability that the analyst's next two picks are winning stocks?

B. What is the probability that the analyst's next pick is not a winning stock?

C. What is the probability that the analyst's next three picks are not winners?

D. What is the probability that the analyst's next two picks are not winners?

*Remember that every answer must have a worded conclusion.