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 119 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

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab
Athletic masseur, Harry Andrews c. 1900. Athletic masseur, Harry Andrews c. 1900.
After the chemical exfoliation substance has been applied, wrap the two top sheets around the client ... After the chemical exfoliation substance has been applied, wrap the two top sheets around the client ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library