Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. in many settings, the "rules of probability" are j

In many settings, the "rules of probability" are just basic facts about percents. A company...

60.1K

Verified Solution

Question

Statistics

image

In many settings, the "rules of probability" are just basic facts about percents. A company that offers courses to prepare students for the Graduate Management Admission Test (GMAT) has the following information about its customers: 20% are undergraduate students in business; 15% are undergraduate students in other fields of study; 60% are college graduates who are currently employed, and 5% are college graduates who are not employed. If we pick a customer at random, what is the probability that we get a customer that is an undergraduate?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

SYMBOLIC LOGIC QUESTION: Recall that a valid argument is one in which it is impossible for the...

Advance Math
Q

Choose either EMTALA, Anti-Kickback, or the STARK Law. Discuss why following these laws are necessary and...

Operations Management
Q

Jim is lifting weights. Holding a 20lb weight down by his side, he bends his arm...

Medical Sciences
Q

Sew What, the best seamstress shop in town, sponsors a 401(k) plan. All the eligibleemployees and...

Finance
Q

Osmosis, a special case in terms of diffusion, involves the movement of water down/up its...

Biology
Q

The term microaerophile refers to an organism that...A. does not use oxygen but tolerates it.B....

Biology
Q

a Rewrite the equation 3x y 5 0 in slope intercept form b Give the...

Algebra
Q

BuffaloBuffalo Office Equipment manufactures and sells metal shelving. It began operations on January 1, 20172017....

Accounting
Q

SELECT A OR B FOR EACH QUESTION BELOW AND GIVE REASONING WHY. ALSO, CREATE JOURNAL...

Accounting
Q

E2-21(Algo) Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3,2-4,2-5,2-6]3 ...

Accounting
Q

The information below pertains to Metlock Company for 2026. Net income for the year...

Accounting
Q

The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for...

Accounting