What is the probability that this accountant has mba degree

Assignment Help Finance Basics

Reference no: EM131166209

In a large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 75% as large as the proportion of accountants with no MBA degree and less than five years of professional experience.

Furthermore, 35% of the accountants in this firm have MBA degrees, and 45% have fewer than five years of professional experience.

If one of the firm's accountants is selected at random, what is the probability that this accountant has an MBA degree or at least five years of professional experience, but not both?

Reference no: EM131166209

Questions Cloud

In how many ways may you choose a simple sandwich : The "Pile High Deli" offers a "simple sandwich" consisting of your choice of one of five different kinds of bread with your choice of butter or mayonnaise or no spread, one of three different kinds of meat, and one of three different kinds of chee..

Explain what agency theory : Explain what ‘agency theory' refers to, discuss some examples and relevant legislation.

Does this case fall under the cisg or the ucc : Treibacher then filed suit against TDY, seeking to recover the balance of the amount Treibacher would have received had TDY paid for all of the TaC specified in the November and December 2000 contracts. What is the appropriate remedy here for Trei..

Is a project that a systems analyst might be involved in why : How might a company really determine the return on investment for server virtualization? Is this a project that a systems analyst might be involved in? Why or why not?

What is the probability that this accountant has mba degree : what is the probability that this accountant has an MBA degree or at least five years of professional experience, but not both?

What are the officers may be on the nominating committee : If the officers must be different people, and if no officer may be on the nominating committee, in how many ways could the officers and nominating committee be chosen? Answer the same question if officers may be on the nominating committee.

How do the issues affect the projects feasibility : What legal issues might arise from having only "digital signatures" or only electronic/paper copies of documents instead of physical documents? How do these issues affect the project's feasibility?

Is farmer nelson a merchant : He claimed that because he was not a merchant, a signed memorandum with his signature of some sort was needed for the contract to be enforceable. The cooperative claimed that because Nelson was a merchant, the unobjected-to memorandum satisfied th..

What is the depreciation tax shield for project : The machine falls into the MACRS 7-year class life category. Assume a tax rate of 40% and a discount rate of 16%. What is the depreciation tax shield for this project in year 7?

User Account

All Pages