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jeka94
3 years ago
9

A survey of 37 students at the Wall College of Business showed the following majors: Accounting 9 Finance 6 Economics 3 Manageme

nt 10 Marketing 9 picture Click here for the Excel Data File From the 37 students, suppose you randomly select a student. What is the probability he or she is a management major? (Round your answer to 3 decimal places.) Which concept of probability did you use to make this estimate?
Mathematics
1 answer:
Dmitry [639]3 years ago
3 0

Answer:

10/37.

Step-by-step explanation:

The probability that he or she is a management major is 10/37.

The concept of probability that was used was:

Classical probability: The probability is equal to (number of favourable cases) / (number of total cases). Since the total of students who are a management major is 10 and we have 37 students in total, the probability will be 10/37.

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Target has a television on sale 20% off the regular price of $500.00. How much is the price after the markdown?
kolezko [41]

Answer:

What is 20 percent of 500.? = 100.

Step-by-step explanation:

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What is the solution to the equation 1/24 x = 1/6? x = 144, x = 30, x = 18, x = 4
alukav5142 [94]

Answer:

x = 4

Step-by-step explanation:

I'd suggest you write (1/24)x = 1/6 to avoid any ambiguity about the coefficient of x.

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4 years ago
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mrs_skeptik [129]

9514 1404 393

Answer:

  A) $8/bushel (divide dollars by bushels)

  B)  $2

Step-by-step explanation:

A) We observe that the graph is a straight line through the origin, so we know the price is proportional to the quantity. The "rate of change" is the ratio of price to quantity, which can be figured using any point on the graph.

For easy division by quantity, it is convenient to use the point for 10 bushels. That price is $80, so the "rate of change" is ...

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B) The same calculation can be done for the previous year. Any line of the table will do.

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3 years ago
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HELP HELP HELPH EPLHEPLHEPLHEPLHEPLEP
Soloha48 [4]

<u>Answers:</u>

1a) y=-10/3x+90

1b) 20

1c) -18

2a) 2.8

2b) How much the heights of five basketball players vary from the average height.

----------------------------------------------------------------------------------------------------------------

<u>Explanations:</u>

<u>1a)</u> The trend line is linear, so we just need to find the slope and y-intercept to find an equation for it. Our y-intercept is (0,90), or 90, and our slope is -10/3. <em>Our equation is now y=-10/3x+90.</em>

<u>1b) </u>To find when x=21, we plug 21 into our equation where the x is. Now we do the math.

y=-10/3(21)+90 (plug in)

y=-70+90 (simplify by multiplying -10/3 by 21)

y=20 (simplify by adding -70 to 90)

<em>Therefore, we can predict that when x is 21, y is 20.</em>

<u>1c) </u>To find when y=150, we plug 150 into our equation where the y is. Now we do some more math.

150=-10/3x+90 (plug in)

60=-10/3x (subtract 90 from both sides

-18=x (divide both sides by -10/3)

<em>Therefore, we can predict that when y is 150, x is -18.</em>

----------------------------------------------------------------------------------------------------------------

<u>2a) </u>The mean absolute deviation (or MAD for short) of a data set is calculated as such:

<u>Step 1) </u>Find the mean (average) by finding the sum of the data values, then dividing the sum of the data values by the number of data values. In this case, we have the numbers 65, 58, 64, 61, and 67, which add up to 315. The data set has 5 numbers, so we divide our sum of 315 by 5 to get 63. <em>Therefore, our mean is 63.</em>

<u>Step 2) </u>Find the absolute value of the distance between each data value and the mean. In this case, we find out how far away each data value is from 63, our mean.  To do this, we subtract 63 from each number.

65-63=2

58-63=-5

64-63=1

61-63=-2

67-63=4

Some of these values are negative, but we're using absolute value so they all become positive. <em>We now have a new set of values: 2, 5, 1, 2, and 4.</em>

<u>Step 3)</u> Finally, we calculate the mean of our new set of values. In this case, we will add up 2, 5, 1, 2, and 4 to get 14 and divide by 5 to get our MAD of 2.8. <em>Therefore, the MAD (and the answer to problem 2a) is 2.8.</em>

<u>2b)</u> Now we just find out what the MAD means in this context. The MAD always is a measure of variance in a data set. In this context, it's describing how much the heights (in inches) of five people on a basketball team vary from the average height.

Hope this helps!

3 0
3 years ago
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