Question

In: Statistics and Probability

2. A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and...

2. A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and chief financial officer​ (CFO). It must also appoint a planning committee with three different members. There are 14 qualified​ candidates, and officers can also serve on the committee. Complete parts​ (a) through​ (c) below.

a. How many different ways can the officers be​ appointed? There are ...... ? different ways to appoint the officers.

b. How many different ways can the committee be​ appointed?

There are___different ways to appoint the committee.

c. What is the probability of randomly selecting the committee members and getting the three youngest of the qualified​ candidates?

​P(getting the three youngest of the qualified candidates)=________
(Type an integer or a simplified​ fraction.)

3. The data represent the results for a test for a certain disease. Assume one individual from the group is randomly selected. Find the probability of getting someone who tests

positive, given that he or she did not have the disease. The individual actually had the disease

Yes No

postive 123 39
negative 11 127

The probability is approximately ...... ?(Round to three decimal places as​ needed.)

4. The accompanying table shows the results from a test for a certain disease. Find the probability of selecting a subject with a

negative test​ result, given that the subject has the disease. What would be an unfavorable consequence of this​ error?

The individual actually had the disease

Yes No

Postive 311 4
Negative 15 1185

The probability is ......?(Round to three decimal places as​needed.)

5. In an​ experiment, college students were given either four quarters or a​ $1 bill and they could either keep the money or spend it on gum. The results are summarized in the table. Complete parts​ (a) through​ (c) below.

Purchased Gum Kept the Money
Students Given Four Quarters 35 18
Students Given a​ $1 Bill 16 26

a. Find the probability of randomly selecting a student who spent the​ money, given that the student was given four quarters.

The probability is ...... ? (Round to three decimal places as​needed.)

b. Find the porbability of randomly selecting a student who kept the money, given that the student was given a $1bill

The probability is .....? (Round to three decimal places as needed).

c. What do the preceding results suggest?

A. a student given a $1 bill is more likely to have kept the money

B. a student given a $1 bill is more likely to have kept the money than a student given four quarters.

I need help to answer all of them please !

Solutions

Expert Solution


Related Solutions

A corporation must appoint a? president, chief executive officer? (CEO), chief operating officer? (COO), and chief...
A corporation must appoint a? president, chief executive officer? (CEO), chief operating officer? (COO), and chief financial officer? (CFO). It must also appoint a planning committee with fivefive different members. There are 1111 qualified? candidates, and officers can also serve on the committee. Complete parts? (a) through? (c) below. a. How many different ways can the officers be? appointed? b. How many different ways can the committee be? appointed? c. What is the probability of randomly selecting the committee members...
A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and chief...
A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and chief financial officer​ (CFO). It must also appoint a planning committee with three different members. There are 15 qualified​ candidates, and officers can also serve on the committee. Complete parts​ (a) through​ (c) below. a. How many different ways can the officers be​appointed? There are__different ways to appoint the officers. b. How many different ways can the committee be​ appointed? There are___different ways to appoint...
A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and chief...
A corporation must appoint a​ president, chief executive officer​ (CEO), chief operating officer​ (COO), and chief financial officer​ (CFO). It must also appoint a planning committee with three different members. There are 15 qualified​ candidates, and officers can also serve on the committee. Complete parts​ (a) through​ (c) below. a. How many different ways can the officers be​ appointed? b. How many different ways can the committee be​ appointed? c. What is the probability of randomly selecting the committee members...
A corporation must appoint a president, chief executive officer (CEO), chief operating officer (COO), and chief...
A corporation must appoint a president, chief executive officer (CEO), chief operating officer (COO), and chief financial officer (CFO). It must also appoint a planning committee with four different members. There are 15 qualified candidates, and officers can also serve on the committee. Complete parts a-c. a. There are __ different ways to appoint the officers. b. How many different ways can the committee be​ appointed? c. What is the probability of randomly selecting the committee members and getting the...
A corporation must appoint a president, chief executive officer(CEO), chief operating officer (COO), and chief financial...
A corporation must appoint a president, chief executive officer(CEO), chief operating officer (COO), and chief financial officer (CFO). It must also appoint a planning committee with three different members. There are 16 qualified candidates, and officers can also serve on the committee. Complete parts (a) through (c) below. a.) How many different ways can the officers be appointed? There are __ different ways to appoint the officers. b.) How many different ways can the committee be appointed? There are ____...
A corporation must appoint a president, chief executive officer (CEO). chief operating (COO), and chief financial...
A corporation must appoint a president, chief executive officer (CEO). chief operating (COO), and chief financial officer (CFO). It must also appoint a planning committee with three different members. There are 13 qualified candidates, and officers can also serve on the committee. Complete parts a through c below. A. How many different ways can the officers be appointed? B. How many different ways can the committee be appointed? C. What is the probability of randomly selecting the committee members and...
A corporation must appoint a president a chief executive officer chief operating officer and chief financial...
A corporation must appoint a president a chief executive officer chief operating officer and chief financial officer. It must also appoint a planning committee with five different numbers. There are 15 qualified candidates, and officers can also serve on the committee. What is the probability of randomly selecting the committee members and getting the five youngest of the qualified candidates?
1-Which of the following controls a corporation? Chief executive officer (CEO) Board of directors Chief financial...
1-Which of the following controls a corporation? Chief executive officer (CEO) Board of directors Chief financial officer (CFO) None of these choices are correct. 2-All of the following are considered advantages of the corporate form of business EXCEPT limited liability. double taxation. continuous life. separate legal existence. 3- A journal entry to record the issuance of preferred stock at a premium would include a __________ to __________. credit; Cash debit; Paid-In Capital in Excess of Par debit; Preferred Stock credit;...
You are the Chief Executive Officer (CEO) of Landsdale Corporation, LLC, with headquarters in New York...
You are the Chief Executive Officer (CEO) of Landsdale Corporation, LLC, with headquarters in New York City. Landsdale manufactures medical equipment. For fiscal year 2019, Landsdale’s profits were 5 billion dollars. Landsdale opened a subsidiary in Mexico in February 2019. Business was good in Mexico until coronavirus struck in January 2020. International travels have now been suspended indefinitely and supply chains have been disrupted. Explain in detail your policy prescriptions and business decisions relative to maintaining the subsidiary in Mexico....
Objective Of The Assignment To prepare a memorandum to the chief executive officer (CEO) as to...
Objective Of The Assignment To prepare a memorandum to the chief executive officer (CEO) as to why the accrual basis of accounting and recording financial transactions using other aspects of Generally Accepted Accounting Principles is preferred (not just mandatory) as opposed to the cash basis of accounting. In actual business, critical issues and problems are communicated in writing, particularly to create accountability for the positions taken and solutions arrived at. The communication includes relevant background information and rationale and other...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT