Kshirsagar,Nikhil_Second Exam Fall 10

Kshirsagar,Nikhil_Second Exam Fall 10 - Problem 1 2 3 4 5 6...

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Problem Value Earned 1 12 2 12 3 12 4 12 5 13 6 13 7 13 8 13 Total 100 0 Problem 1) The following data was collected in 2004 by the U. S. Bureau of Labor Statistics Women Aged 16 to 24 Labor Force Labor Force Not in Employed Unemployed Labor Force Education < High School 662 205 759 1,626 HS Degree 2,050 334 881 3,265 Some College 1,352 126 321 1,799 Bachelor's 921 55 105 1,081 Degree or More 4,985 720 2,066 7,771 a) Find the probability that a randomly chosen woman is in the labor force, if a high school degree. (Note: if you go to college you must have a high s Probability(In labor force | High school Degree) b) Find the probability that a randomly chosen woman is in the labor force if bachelor's degree or more. Probability(In labor force | Bachelor's degree or more)= 0.9 c) Find the probability that a randomly selected woman is employed if she is force and has a high school degree. Probability(Employed | In Labor Force and High School Degree)=
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d) Find the probability that a randomly selected woman is employed if she is force and has less than a high school degree. Probability(Employed | In labor force and high school degree)=
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if she has school degree). 0.73 f she has a s in the labor 0.41
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s in the labor 0.13
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Problem 2) A company receives a large shipment of computer processor chips. The company do quality control check by taking a random sample of 40 chips. If 35 or more of these a defective, the company accepts the shipment. a) Assume that 10% of the chips in the shipment are defective. What is the probability the company will reject the shipment? 0.79 << (X<=5) Accepts shipment 0.21 << 1 - (X<=5) This is the probability that company reject b) Assume that 20% of the chips in the shipment are defective. What is the probability the company will reject the shipment?
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Kshirsagar,Nikhil_Second Exam Fall 10 - Problem 1 2 3 4 5 6...

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