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What is the probability that the random selection

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Reference no: EM132844629

Please elaborate on your response so I can better understand the problem and formulas

Part 1)

You decide to invest in stock in a particular type of company and set the guideline that you will only buy stock in companies that are ranked in the 80th percentile or above in terms of dividends paid in the previous year. You are looking at a company that ranked 14 of 45 companies that paid dividends in 2019.

(a) Will this company qualify for your portfolio?

(b) If you had the data on the total dividends paid by each of the 45 companies, which measure of average would be the most meaningful - mean, median, midrange, or mode? Explain.

Part 2) The executives in a company are four women and three men. Three are to be chosen at random to attend a management seminar.

(a) If one of the executives is chosen at random to draw the names out of a hat, what is the probability that the person drawing the names is a woman?

(b) How many ways can the group of attendees be formed if there are no restrictions on composition?

(c) How many ways can one man be chosen?

(d) How many ways can 2 women be chosen?

(e) What is the probability that the random selection of the three-person group will result in two women and one man?

Reference no: EM132844629

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