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 65 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
Thanks for the timely response, appreciate it

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

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
An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat
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
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ... A constant uniform magnetic field of 0.50 T is applied at right angles to the plane of a flat ...
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library