Students taking a test were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows.
Undergraduate Major Totals
Business Engineering Other
Intended
Enrollment
Status Full-Time 354 199 253 806
Part-Time 150 160 195 505
Totals 504 359 448 1,311
(a)
Develop a joint probability table for these data. (Round your answers to three decimal places.)
Undergraduate Major Totals
Business Engineering Other
Intended
Enrollment
Status Full-Time Correct: Your answer is correct. Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect.
Part-Time Correct: Your answer is correct. Correct: Your answer is correct. Incorrect: Your answer is incorrect. Correct: Your answer is correct.
Totals Correct: Your answer is correct. Incorrect: Your answer is incorrect. Incorrect: Your answer is incorrect. 1.000
(b)
Use the marginal probabilities of undergraduate major (business, engineering, or other) to comment on which undergraduate major produces the most potential MBA students.
From the marginal probabilities, we can tell that
Correct: Your answer is correct. majors produce the most potential MBA students.
(c)
If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate engineering major? (Round your answer to three decimal places.)
Incorrect: Your answer is incorrect.
(d)
If a student was an undergraduate business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree? (Round your answer to three decimal places.)
Incorrect: Your answer is incorrect.
(e)
Let A denote the event that the student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate business major. Are events A and B independent? Justify your answer. (Round your answers to three decimal places.)
P(A)P(B)
= Incorrect: Your answer is incorrect. and
P(A ∩ B)
= Incorrect: Your answer is incorrect. , so the events
Correct: Your answer is correct. independent.
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Students taking a test were asked about their undergraduate major and intent to pursue their MBA...
Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows. Undergraduate Major Business Engineering Other Totals Intended Enrollment Status Full-Time 352 197 251 800 Part-Time 150 161 194 505 Totals 502 358 445 1,305 If required, round your answers to four decimal places. (a) Develop a joint probability table for these data. Undergraduate Major Business Engineering Other Totals...
Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows. Undergraduate Major Business Engineering Other Totals Intended Enrollment Full Time 423 394 74 891 Status Part Time 399 595 46 1,040 Totals 822 989 120 1,931 Develop a joint probability table for these data (to 3 decimals). Undergraduate Major Business Engineering Other Totals Intended Enrollment Full-Time Status Part-Time...
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