This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume you have applied for two scholarships, a Merit scholarship (M) and an Athletic scholarship ... (Read 131 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jun 24, 2018
Assume you have applied for two scholarships, a Merit scholarship (M) and an Athletic scholarship (A). The probability that you receive an Athletic scholarship is 0.18 . The probability of receiving both scholarships is 0.11 . The probability of getting at least one of the scholarships is 0.3.
 a. What is the probability that you will receive a Merit scholarship?
  b. Are events A and M mutually exclusive? Why or why not? Explain.
  c. Are the two events A and M independent? Explain using probabilities.
  d. What is the probability of receiving the Athletic scholarship given that you have been awarded the Merit scholarship?
  e. What is the probability of receiving the Merit scholarship given that you have been awarded the Athletic scholarship?

Question 2

Which of the following applications modeled in the textbook is an example of a fixed cost problem?
 a. supply chain design
 b. bank location
 c. capital budgeting
 d. product design and market share optimization


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 0.23
b. No, because P(A  M)  0
c. No, because P(A  M)  P(A) P(M)
d. 0.4783
e. 0.6111

Answer to Question 2

a


audie

  • Member
  • Posts: 532
Reply 2 on: Jun 24, 2018
:D TYSM

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
Application of an ostomy bag or pouch: E, A clamp is applied to the bottom of the bag once it is in Application of an ostomy bag or pouch: E, A clamp is applied to the bottom of the bag once it is in
Deep vibration applied with fingertips to the abdomen. Deep vibration applied with fingertips to the abdomen.
A 4.0-kg block slides down a 35 incline at a constant speed when a 16-N force is applied acting ... A 4.0-kg block slides down a 35 incline at a constant speed when a 16-N force is applied acting ...
Video: Deafness Culture

For a complete list of videos, visit our video library