james choi

Project Description:

suppose 100 undergraduates students and 100 mba students were selected. when presented with four s&p 500 index funds that where identical except for their fees, undergraduate and mba students chose the funds as followfunds:

student group
fund undergraduate mba
lowest cost fund 19 19
second lowest fund 37 40
third lowest fund 17 23
higest cost fund 27 18

if, student is selected at random, what is the probability that he or she:

1) selected the lowest- or -second lowest cost fund?

2) selected the lowest cost fund and is an undergraduate?

3) selected the lowest cost fund or is an undergraduate?

4) given that a student is an u probability that he or she selected the highest cost fund?

5) do you think undergraduate and graduate students differ in their fund selection? explain?
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