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Unformatted text preview: ng pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will be accepted at both universities? A. 0.10 B. 0.25 C. 0.65 D. 0.625 E. 0.40 (.25) (.40) = 0.10 AACSB: Analytical Studies Bloom's: Application Difficulty: Hard Topic: Probability & Independence 98. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will be accepted at University A and rejected at University B? A. 0.10 B. 0.85 C. 0.15 D. 0.25 E. 0.65 (.25) (.60) = 0.15 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability & Independence 1-325 Chapter 01 - An Introduction to Business Statistics 99. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will not be accepted at either university? A. 0.75 B. 0.45 C. 0.90 D. 0.65 E. 0.60 (.75) (.60) = 0.45 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability & Independence 100. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will be accepted at least by one of the two universities? A. 0.25 B. 0.55 C. 0.10 D. 0.35 E. 0.40 1- [(.75) (.60)] = 0.55 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability & Independence 1-326 Chapter 01 - An Introduction to Business Statistics 101. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will be accepted at one, and only one university? A. 0.50 B. 0.10 C. 0.15 D. 0.30 E. 0.45 (.25) (.60) + (.75) (.40) = 0.45 AACSB: Analytical Studies Bloom's: Application Difficulty: Hard Topic: Probability & Independence 102. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. Is the acceptance decision at University A independent of the acceptance decision at University B? A. Yes B. No Yes, the two decisions are statistically independent If the MBA acceptance decisions are independent at the two universities, then P(Accepting at A) = P(Accepting at A given rejecting at B). AACSB: Analytical Studies Bloom's: Analysis Difficulty: Hard Topic: Probability & Independence 1-327 Chapter 01 - An Introduction to Business Statistics 103. In a report on high school graduation, it was stated that 85% of high school students graduate. Suppose 3 high school students are randomly selected from different schools. What is the probability that all graduate? A. 0.85 B. 0.947 C. 0.614 D. 0.283 E. 0.003 (85) (.85) (.85) = 0.614 AACSB: Analytical Studies Bloom's: Application Difficulty: Easy Topic: Probability & Independence 104. In a report on high school graduation, it was stated that 85% of high school students graduate. Suppose 3 high school students are randomly selected from different schools. What is the probability that exactly one of the three graduates? A. 0.019 B. 0.003 C. 0.614 D. 0.057 E. 0.850 (.85) (.15) (.15) + (.15) (.85) (.15) + (.15) (.15) (.85) = .057375 AACSB: Analytical Studies Bloom's: Application Difficulty: Hard Topic: Probability & Independence 1-328 Chapter 01 - An Introduction to Business Statistics 105. In a report on high school graduation, it was stated that 85% of high school students graduate. Suppose 3 high school students are randomly selected from different schools. What is the probability that none graduate? A. 0.019 B. 0.003 C. 0.614 D. 0.057 E. 0.150 (.15) (.15) (.15) = .003375 AACSB: Analytical Studies Bloom's: Application Difficulty: Easy Topic: Probability 106. It is very common for television series to draw a large audience for special events of for cliff-hanging story lines. Suppose that on one of these occasions, the special show drew viewers from 38.2% of all US TV households. Suppose that three TV households are randomly selected. What is the probability that all three households viewed this special show? A. 0.382 B. 0.127 C. 0.146 D. 0.726 E. 0.056 (.382) (.382) (.382) = .05574 AACSB: Analytical Studies Bloom's: Application Difficulty: Easy Topic: Probability & Independence 1-329 Chapter 01 - An Introduction to Business Statistics 107. It is very common for television series to draw a large audience for spec...
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