In a survey of MBA students, the following data were obtained on students first reason test for
Question:
a. Develop a joint probability table for these data.
b. Use the marginal probabilities of school quality, school cost or convenience, and other to comment on the most important reason for choosing a school.
c. If a student goes full time, what is the probability that school quality is the first reason for choosing a school?
d. If a student goes part time, what is the probability that school quality is the first reason for choosing a school?
e. Let A denote the event that a student is full time and let B denote the event that the student lists school quality as the first reason for applying. Are events A and B independent? Justify your answer.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams