key_ex_set_3_spring_2008

key_ex_set_3_spring_2008 - ANSWER KEY BMGT 230 Exercise Set...

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ANSWER KEY – BMGT 230, Exercise Set 3 (10 points), Due 22 February 2008 1. The L.L. Bean men’s cotton chambray shirt comes in the following colors: blue, stone, rust, green, plum, and indigo. In addition, shirt sizes are small, medium, large, extra large, and extra extra large and the shirt comes with either short sleeves or long sleeves. How many types of the shirt can be produced? 6 x 5 x 2 = 60 2. A tax auditor has nine different tax returns to audit, but will have time to examine only five returns tomorrow. In how many different orders can the tax auditor complete tomorrow’s task? 9 P 5 = 9! / (9-5)! = 9!/4! = 9 x 8 x 7 x 6 x 5 = 15120 3. Ramon has applied to MBA programs at Harvard and Stanford. He thinks the probability that Harvard will accept him is 0.25, the probability that Stanford will accept him is 0.60, and the probability that both will accept him is 0.20. a. Construct a Venn diagram with the probabilities above marked. b. What is the probability that neither university accepts Ramon?

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key_ex_set_3_spring_2008 - ANSWER KEY BMGT 230 Exercise Set...

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