A company finds that when they pay employees more, the employees are more productive. How would you classify these events, based on this finding?
Independent |
Dependent |
A company sells 14 types of crackers that they label varieties 1 through 14, based on spice level. What is the probability that the purchase results in a selection of a cracker with number less than 4, or a number greater than 9?
50.0% |
57.1% |
71.4% |
64.3% |
Randomly select a customer that is happy with the store. Randomly select a customer who infrequently shops at the store. Are these events mutually exclusive?
Mutually exclusive events |
Non-mutually exclusive events |
An investment advisor believes that there is a 60% chance of making money by investing in a specific stock. If the stock makes money, then there is a 50% chance that among those making money, they would also get a dividend. Find the probability that the investor makes money and receive a dividend.
50% |
30% |
60% |
10% |
A company finds that when they pay employees more, the employees are more productive. How would...
Please do all questions... Six hundred registered voters were surveyed and asked their political affiliation and whether they support the idea of the Federal Government investing a portion of their social security contributions in the stock market. A summary of the survey is given in the table. If a voter is selected at random, what is the probability that the voter is a republican? Political Affiliation Republican Response Democrat Independent Totals Yes 35 90 10 135 No 165 100 200...
Have to show work for every problem 4. A company uses three plants to produce a new computer chip. Plant A produces 30% of the chips. Plant B produces 45% of the chips. The rest of the chips are produced by plant C. Each plant has its own defectiv rate. These are: plant A produces 3% defective chips, plant B produces 1% defective chips, plant C produces 5% defective chips. Hint: draw a tree diagram. (a) Construct a tree diagram...
Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when people think of soup, they think of Campbell’s. In the $5 billion U.S. soup market, Campbell dominates with a 44 percent share. Selling products under such an iconic brand name should be a snap. But if you ask Denise Morrison, CEO of Campbell, she’ll tell you a different...