Assignment 1 2

Semester:
Spring 2014/2015
Date:
10/03/2015
Course code:
BUSN401
Course Name:
Quantitative Methods in Business and Management
Assessment :
Assignment 1

Instructor:
Dr. Habib Ouni

Section:

Awarded Mark :
----------------------------------------------------------------
Total Mark:
100

Student Name
-----------------------------------------------------------------
Student ID:
------------------------------------

Section:
------------------------------------

Exercise 1:
In a management trainee program, 80% of the trainees are female, 20% male. A total of 90% of the females attended college, while 78% of the males attended college. A management trainee is selected at random.
1. What is the probability that the person selected is a female who did NOT attend college?
2. What is the probability that the person selected is a female who did attend college?
3. What is the probability that the person selected is a male who did NOT attend college?
4. What is the probability that the person selected is a male who did NOT attend college?

Exercise 2
A group of employees of Unique Services will be surveyed about a new pension plan. In-depth interviews with each employee selected in the sample will be conducted. The employees are classified as follows.

1. What is the probability that the first person selected is classified as a maintenance employee?

2. What is the probability that the first person selected is either in maintenance or in secretarial?

3. What is the probability that the first person selected is either in management or in supervision?

4. What is the probability that the first person selected is a supervisor and in management?

Exercise 3
A company set up a kiosk in the Mall of America for several hours and asked randomly selected people which color cell phone was their favorite. The results follow:

1. What is the probability that a person would select orange as their favorite color?

2. What is the probability that a person would