Question: A conference began at noon with two parallel sessions. The session on portfolio management was attended by 40% of the delegates, while the session on

A conference began at noon with two parallel sessions.
The session on portfolio management was attended by 40% of the delegates, while the session on chartism was attended by 50%. The evening session consisted of a talk titled "Is the Random Walk Dead?" This was attended by 80% of all delegates.
a. If attendance at the portfolio management session and attendance at the chartism session are mutually exclusive, what is the probability that a randomly chosen delegate attended at least one of these sessions?
b. If attendance at the portfolio management session and attendance at the evening session are statistically independent, what is the probability that a randomly chosen delegate attended at least one of these sessions?
c. Of those attending the chartism session, 75% also attended the evening session. What is the probability that a randomly chosen delegate attended at least one of these two sessions?

Step by Step Solution

3.21 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Let event A portfolio management was attended B Chartism attended ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

488-M-S-P (2109).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Q:

On