In a large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 75% as large as the proportion of accountants with no MBA degree and less than five years of professional experience. Furthermore, 35% of the accountants in this firm have MBA degrees, and 45% have fewer than five years of professional experience. If one of the firm’s accountants is selected at random, what is the probability that this accountant has an MBA degree or at least five years of professional experience, but not both?
Answer to relevant QuestionsA local beer producer sells two types of beer, a regular brand and a light brand with 30% fewer calories. The company’s marketing department wants to verify that its traditional approach of appealing to local white-collar ...A construction company has to complete a project no later than three months from now or there will be significant cost overruns. The manager of the construction company believes that there are four possible values for the ...Let X be the number of heads when a fair coin is flipped four times.a. Find the distribution of X and then use simulation to generate 1000 values of X.b. Is the simulated distribution indicative of the given probability ...Let X and Y represent the number of Dell and HP laptop computers, respectively, sold per month from online sites. The file S04_28.xlsx contains the probabilities of various combinations of monthly sales volumes of these ...Let D1 and D2 represent the weekly demand (in hundreds of two-liter bottles) for brand 1 diet soda and brand 2 diet soda, respectively, in a small central Indiana town. The joint probability distribution of the weekly demand ...
Post your question