1.Question :Employees of a local university have been classified according to gender and job type.
If an employee is selected at random what is the probability that the employee is male?

Answer: .667

2.Question :Employees of a local university have been classified according to gender and job type.
If an employee is selected at random what is the probability that the employee is female given that the employee is a salaried member of staff?

Answer: .625

3.Question :Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will not be accepted at either university?

Answer:0.45

Instructor Explanation:(.75)(.60) = 0.45

4.Question :In a report on high school graduation, it was stated that 85% of high school students graduate. Suppose 3 high school students are randomly selected from different schools. What is the probability that all graduate?

Answer: 0.614

Instructor Explanation:(.85) (.85) (.85) = 0.614

5.Question :A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured (introduced to the market), the following probability distribution will describe this drug's contribution to the company's profits during the next six months.

The company management has decided to market this product if the expected contribution to profit for the next six months is more than $90,000. Based on the information given above, should the company begin manufacturing the new drug?

...for all the 50 states of the US (i.e. sample size of 50) and were gathered from various sources, including a variety of US government sources, among which are: the 1988 Uniform Crime Reports, Federal Bureau of Investigation, Office Research and Statistics, Social Security Administration, The Commerce Department and other government sources. The variables analyzed are as follows:
CRIMES - Property crime rate per hundred thousand inhabitants (includes burglary, larceny, theft,...

...Trajico, Maria Liticia D.
BSEd III-A2
REFLECTION
The first thing that puffs in my mind when I heard the word STATISTIC is that it was a very hard subject because it is another branch of mathematics that will make my head or brain bleed of thinking of how I will handle it. I have learned that statistic is a branch of mathematics concerned with the study of information that is expressed in numbers, for example information about the number of times...

...21
Suburban 15
Rural 14
As the Pie Chart above shows the majority of the customers comes from the rual areas totaling 42%
The Second will be the size chart. This will measure tendency, variation, mean, median and mode.
Descriptive Statistics:
Size
Mean 3.42
Standard Error 0.24593014
Median 3
Mode 2
Standard Deviation 1.73898868
Sample Variance 3.02408163
Kurtosis -0.7228086
Skewness 0.52789598
Range 6
Minimum 1
Maximum 7
Sum 171
Count 50...

...Gm533 Final Paper
Executive Summary
An analysis was performed for Quick Stab Collection Agency. This agency specializes on relatively small accounts and avoids risky collections such as debtor that tends to be chronically late with payments or is known to be hostile. The collection business can be very profitable. Quick Stab Collection Agency has been known to purchase small accounts for $10.00 to collect a debt of $60.00.
The profitable of this agency depend...

...analysis, other decision making techniques are discussed. These techniques
include decision analysis, project scheduling and network models.
Chapter 1 illustrates a number of ways to summarise the information in data sets, also known as
descriptive statistics. It includes graphical and tabular summaries, as well as summary measures
such as means, medians and standard deviations.
Uncertainty is a key aspect of most business problems. To deal with uncertainty, we need a basic...

...Normal(88.532,5.07943)
Normal(97.1033,5.04488)
Normal(107.15,5.15367)
Summary Statistics
Mean
88.532
Std Dev
5.0794269
Std Err Mean
0.2271589
Upper 95% Mean
88.978306
Lower 95% Mean
88.085694
N
500
Sum
44266
Summary Statistics
Mean
97.103333
Std Dev
5.0448811
Std Err Mean
0.2912663
Upper 95% Mean
97.676525
Lower 95% Mean
96.530142
N
300
Sum
29131
Summary Statistics
Mean...

...the written application of operation. It teaches students to think clearly, reason well and strategize effectively. Mental Mathematics is the ability to utilise mathematical skills to solve problems mentally. The marks scored by pupils generate statistics which are used by teachers to analyse a student’s performance and development of theories to explain the differences in performance.
The Standard 3 class is where the transition from junior to senior level occurs where...

...the Pontiac LeMans, based on GM's popular German-designed Opel-Kadett (Opel is a wholly owned German subsidiary of GM). Much of the day-to-day management of the alliance was to be placed in the hands of Daewoo executives, with managerial and technical advice being provided by a limited number of GM executives. At the time, many hailed the alliance as a smart move for both companies. GM doubted that a small car could be built profitably in the United...