7. A consulting firm has received 2 Super Bowl playoff tickets from one of its clients....

7. A consulting firm has received 2 Super Bowl playoff tickets from one of its clients. To be fair, the firm is randomly selecting two different employee names to "win" the tickets. There are 8 secretaries, 7 consultants and 5 partners in the firm. Which of the following statements is not true? A) The probability of a secretary winning a ticket on the first draw is 8/20. B) The probability of a secretary winning a ticket on the second draw given that a consultant won a ticket on the first draw is 7/19. C) The probability of a consultant winning a ticket on the first draw is 7/20. D) The probability of a partner winning a ticket on the second draw given that a secretary won a ticket on the first draw is 5/19.

Solutions

Expert Solution

milcah answered 1 year ago

Next > < Previous

Related Solutions

Since its inception in 1967, the Super Bowl has been one of the most watched events...

Since its inception in 1967, the Super Bowl has been one of the most watched events on u.S. television every year. The number of u.S. households that tuned in for each Super Bowl, reported by nielsen.com, is provided in the data set SuperBowlratings. a. Construct a time series plot for the data. What type of pattern exists in the data? discuss some of the patterns that may have resulted in the pattern exhibited in the time series plot of the...

1. Assume the price of Super Bowl Tickets increases by 20% and the quantity demanded changes...

1. Assume the price of Super Bowl Tickets increases by 20% and the quantity demanded changes by 2%. a. What is the price elasticity of demand for Super Bowl Tickets? b. Is it elastic, inelastic, or unit elastic? 2. When the price of Lays Potato chips decreases by 5%, the quantity demanded for them changes by 15%. a. What is the price elasticity of demand for Lays Potato Chips? b. Is it elastic, inelastic, or unit elastic? 3. Assume demand...

Every year, Super Bowl tickets are sold in the black market at a significantly higher price....

Every year, Super Bowl tickets are sold in the black market at a significantly higher price. This indicates, these tickets are priced below free market price resulting creating demand or shortage. Refer to the graph on shortage in Chapter 3 and explain the scalping of Super Bowl ticket with such a graph. You can use straight line demand and supply curves.

Need it in Excel format in detail. Quality Associates, Inc., a consulting firm, advises its clients...

Need it in Excel format in detail. Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can be used to control their manufacturing processes. In one particular application, a client gave Quality Associates a sample of 800 observations taken during a time in which that client’s process was operating satisfactorily. The sample standard deviation for these data was .21; hence, with so much data, the population standard deviation was assumed to be .21. Quality...

A brokerage firm has just been instructed by one of its clients to invest $1,000,000 of...

A brokerage firm has just been instructed by one of its clients to invest $1,000,000 of her money. The client’s goal is to maximize total projected return on investments. The analysts at the brokerage firm are considering the following options for investment: Projected Rate Investment Option of Return (%) Risk (%) Municipal bonds 2.2 0.1 Company A stocks 12.1 2.5 Company B stocks 9.4 1.7 Company C stocks 7.2 0.8 The client has specified the following guidelines: - The total...

The Heinlein and Krampf Brokerage firm has just been instructed by one of its clients to...

The Heinlein and Krampf Brokerage firm has just been instructed by one of its clients to invest $250,000 of her money obtained recently through the sale of land holdings in Ohio. The client has a good deal of trust in the investment house, but she also has her own ideas about the distribution of the funds being invested. In particular, she requests that the firm select what- ever stocks and bonds they believe are well rated but within the following...

Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...

Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can be used to control their manufacturing processes. In one particular application, metal spheres are created for conducting scientific experiments. A client gave Quality Associates a sample of 800 observations taken during a time in which that client's process of creating metal spheres was operating satisfactorily. The sample standard deviation for the radii of these spheres was 0.21 cm; hence, with so much data, the...

Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...

Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can be used to control their manufacturing processes. In one particular application, a client gave Quality Associates a sample of 800 observations taken during a time in which that client’s process was operating satisfactorily. The sample standard deviation for these data was .21; hence, with so much data, the population standard deviation was assumed to be .21. Quality Associates then suggested that random samples of...

5. A brokerage firm has just been instructed by one of its clients to invest $1,000,000...

5. A brokerage firm has just been instructed by one of its clients to invest $1,000,000 of her money. The client’s goal is to maximize total projected return on investments. The analysts at the brokerage firm are considering the following options for investment: Projected Rate Investment Option of Return (%) Risk (%) Municipal bonds 2.2 0.1 Company A stocks 12.1 2.5 Company B stocks 9.4 1.7 Company C stocks 7.2 0.8 The client has specified the following...

Super Bowl LIV was played on February 2, 2020 at the Hard Rock Stadium in Miami...

Super Bowl LIV was played on February 2, 2020 at the Hard Rock Stadium in Miami Gardens, Florida. The Kansas City Chiefs defeated the San Francisco 49ers 31- 20 for their first Super Bowl victory in 50 years. Many people made bets on who would win the Super Bowl, and of interest is to compare the proportion of Kansas City Chiefs fans who placed a bet on the game to the proportion of San Francisco 49ers fans who placed a...

Subjects