The sales department wants to send two sales representatives on a business trip. There are five women

Question:

The sales department wants to send two sales representatives on a business trip.

There are five women and five men in the department. If the sales manager randomly selects two people, what is the probability that one woman and one man will be picked?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

See More Books

Question Posted: Feb 10, 2024 06:41 AM

See More Questions

Columbus Writing Instruments (CWI) produces and sells a variety of writing instruments to retail outlets such as drug stores, grocery stores, and office supply stores. They manufacture plastic pens,...
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
There are 7 women and 5 men in a department. How many ways can a committee of 4 people be selected? How many ways can this committee be selected if there must be 2 men and 2 women on the committee?...
Describe some practical examples of the single-resource sequencing problem.
Write a paper on IS strategic Analysis
A sales representative claims that her vending machines dispense coffee so that the mean amount supplied is equal to 10 ounces. Formulate the null and alternative hypotheses for a hypothesis test....
A capacitor initially has a charge of magnitude $q$ on each plate. When a dielectric is inserted between the plates, the bound surface charge on the two dielectric surfaces facing the plates has a...
John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospitals lab. Charges for lab tests are consistently higher at Valley View than at other...
(a) The equity share of VCC Ltd. is quoted at Rs. 210. A 3-month call option is available at a premium of Rs. 6 per share and a 3-month put option is available at a premium of Rs. 5 per share....
In question 21, if we draw two students at random without replacement, what is the probability of our getting a student who owns both and a student who owns neither? Question 21 A survey of 200...
A baseball player has a lifetime batting average of .3. During a game, he has 5 at bats. A student of statistics argues that his chance of going 5 for 5 is (.3) 5 . Do you agree? What assumption does...
In Problems 716, write the numbers in expanded notation. 234000 five
Herbilux Botanicals forecasts the following cash flows to occur at the BEGINNING of each year for a project. If the firm's discount rate is 9%/year, what is the future value of the project in year 5?...
Interpret the following graph: Vertex IDs ooo -0-0- A o-o-ooo0 oooo -0- - W OOOOO-O- N oooo - - do- X NNWNWWNW CO VO CI AWN - Degree Centrality Question 16 Interpret the following graph: 2 5 3 1 2 3...
How much additional federal tax will an individual pay on a $100 eligible dividend if her marginal tax bracket is 20.5%? The dividend gross up for eligible dividends is 38%, and the dividend tax...
In a world that fits capm the following is known: Asset K is efficient with a return of 5.8 & Beta .65 Risk free rate is 2.1% Market Portfolio has a total risk of .22 Asset F has total risk of .25 at...
As an investment, a property is purchased at price of $1,100,000 with acquisition costs of $18,500, and 80% of the total cost is depreciable. The property is expected to appreciate in value at 10%...
Make the journal entry (or entries) necessary to record the following transaction: Purchased equipment with a fair market value of $100,000. Paid $10,000 cash as a down payment and signed two notes...
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
The outcomes of two variables are (Low, Medium, High) and (On, Off), respectively. An experiment is conducted in which the outcomes of each of the two variables are observed. The probabilities...
a. Write the event that the outcome is "On" and "High" as an intersection of two events. b. Write the event that the outcome is "Low" or "Medium" as the complement of an event. Exercise 3.33 The...
U.S. federal regulations require that operating companies clear all inactive offshore oil and gas structures within 1 year after production ceases. Researchers at the Louisiana State University...
Mentoring Moment: Breakeven Analysis Breakeven analysis sounds complicated, but it's not. In its simplest terms, breakeven analysis lets you know how many units you need to sell in order to cover...
what would be the amount if the monthly expenses are 5,523 and assuming an interest rates of corporate bonds is 7% for a period of 5 years
Hayden is 13-years old and he has four years until he is planning on attending University or college. His parents have been saving $225 per month for his education in a RESP and it has a current...

The sales department wants to send two sales representatives on a business trip. There are five women

Question:

Step by Step Answer:

To solve this problem we will use the concept of combinations and basic probability Firstly we can c...View the full answer

Statistics For Business And Financial Economics

Students also viewed these Business questions