OPIM 550 EP: MANAGERIAL STATISTICS
HOMEWORK 3 EP
DUE BEFORE THE START OF CLASS 6.
SUBMIT ON CANVAS BY 6:30 PM.
Modified Problem 4.34.
What are the prior probabilities that the company is a large company or a small company?
What are the revised probabilities that the company is large or small?
Based on your analysis, what is the overall percentage of companies that offer training?
(b) Revised Prob
P(Large Company|Provides Training)
P(Small Company|Provides Training)
Percentage of Companies Offering
with Allowed Discussion)
See Syllabus and Community
Standards Document for details.
Note that for some of the homework problems,
questions have been changed from those in the text so please read this
document carefully before attempting the problems.
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