The following values represent the probabilities that a junior student at the Foster School of Business...
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The following values represent the probabilities that a junior student at the Foster School of Business has taken a course in Finance, Accounting, and/or Marketing in the past academic year. Finance = 0.55 Accounting = 0.41 Both Finance and Accounting = 0.32 Both Finance and Marketing = 0.15 Marketing = 0.26 Both Accounting and Marketing = 0.09 a) Construct the associated Venn diagram with all probabilities specified. (1 point) b) After selecting at random a Foster junior for a survey, determine the probability this student has taken at least 2 out of 3 courses: (0.5 point) c) Exactly one of the three courses (0.5 point) d) At the most one course (0.5 point) All three courses=0.05 The following values represent the probabilities that a junior student at the Foster School of Business has taken a course in Finance, Accounting, and/or Marketing in the past academic year. Finance = 0.55 Accounting = 0.41 Both Finance and Accounting = 0.32 Both Finance and Marketing = 0.15 Marketing = 0.26 Both Accounting and Marketing = 0.09 a) Construct the associated Venn diagram with all probabilities specified. (1 point) b) After selecting at random a Foster junior for a survey, determine the probability this student has taken at least 2 out of 3 courses: (0.5 point) c) Exactly one of the three courses (0.5 point) d) At the most one course (0.5 point) All three courses=0.05
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Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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