Question

In: Statistics and Probability

An employer is looking to fill some positions, and several college graduates are interviewed. From past...

An employer is looking to fill some positions, and several college graduates are interviewed. From past experience, we know that the employer will offer second interviews to 65% of the college graduates. Of those graduates offered second interviews, 70% of them will be hired. Only 5% of the college graduates not offered second interviews will be hired.

  1. a) What is the probability of getting offered a second interview and not getting hired?

  2. b) What is the probability of getting hired and not being offered a 2nd interview?

  3. c) What is the probability of a randomly selected graduate (from the original group) being hired?

  4. d) What is the probability of getting hired, given that a second interview was granted?

  5. e) What is the probability of having had a second interview, given that someone was hired?

Solutions

Expert Solution

We are given here that:

P( second interview) = 0.65
Also, P( hired | second interview) = 0.7

Also, P(hired | no second interview ) = 0.05

a) Probability of getting offered a second interview and not getting hired is computed here as:

= P( second interview )P(not hired | second interview) = 0.65*(1 - 0.7) = 0.195

Therefore 0.195 is the required probability here.

b) The probability of getting hired and not being offered a 2nd interview is computed here as:

P( hired and no second interview) = P(no second interview)P(hired | no second interview)

P( hired and no second interview) = (1 - 0.65)*0.05 = 0.0175

Therefore 0.0175 is the required probability here.

c) Now the probability of a randomly selected graduate (from the original group) being hired is computed using law of total probability here as:

P( hired) = P( hired | second interview)P( second interview) + P(hired | no second interview )P(no second interview)

P(hired)= 0.7*0.65 + 0.05*0.35 = 0.4725

Therefore 0.4725 is the required probability here.

d) Now probability of getting hired, given that a second interview was granted is computed here as:

= P(hired | second interview) = 0.7

Therefore 0.7 is the required probability here.

e) The probability of having had a second interview, given that someone was hired is computed using Bayes theorem here as:

P( second interview | hired) = P( hired | second interview)P( second interview) / P(hired)

= 0.7*0.65 / 0.4725

= 0.9630

Therefore 0.9630 is the required probability here.


Related Solutions

A Corporation receives 120 applications for positions from recent college graduates in POLS. Assume that 40%...
A Corporation receives 120 applications for positions from recent college graduates in POLS. Assume that 40% of these applicants are graduated from MIT. If they randomly select two application. What is the probability that one of them is MIT graduate?
You are interviewed by a prospective employer concerning a job that you have coveted for several...
You are interviewed by a prospective employer concerning a job that you have coveted for several years. After protracted (lengthy) negotiations, you are presented with a pre-printed form contract that contains the terms of your employment agreement.   In the body of the agreement, it states, “This document contains the full and complete understanding and agreement by and between the parties.  No other representations or promises have been made.  Both parties understand that this contract is a wholly integrated agreement.” This language appeared...
Lisa wants to determine if graduates from her college earn different incomes compared to graduates from...
Lisa wants to determine if graduates from her college earn different incomes compared to graduates from college in general. To test this, Lisa sends surveys to 1,000 graduates from her school and finds that the average income is $40,000 ( s = 5,000). If the average income is $45,000 for graduates in general, do graduates from Lisa's school differ significantly? Report the results in APA style and be sure to include information about effect size.
You are manager of a district that has just hired several recent university and college graduates....
You are manager of a district that has just hired several recent university and college graduates. Most of these people are starting their first full-time job, although most or all have held part-time and summer positions in the past. They have general knowledge of their particular skill area (accounting, engineering, marketing, etc.) but know relatively little about specific business practices and developments. Explain how you would nurture the self-concepts in these new hires to strengthen their performance and maintain their...
Why are some (not all) college graduates have a difficult time finding a job that is...
Why are some (not all) college graduates have a difficult time finding a job that is a good match with their skills (education)? Also, why are some college graduates paid less that other college graduates when they enter the labor market? How would you solve the above two problems if you were in charge.
We interviewed two groups of 50 college students respectively from UIC and DePaul to know if...
We interviewed two groups of 50 college students respectively from UIC and DePaul to know if they rather watch NFL Football vs. some other sport on Sunday. Actual Data UIC DePaul Row Total Football 15 25 40 Other Sport 35 25 60 Total 50 50 100 Based on the statistics above, we need to determine if there is a relationship between the university of a student and watching Football. Answer to the following questions to arrive at the conclusion. What...
We interviewed two groups of 50 college students respectively from UIC and DePaul to know if...
We interviewed two groups of 50 college students respectively from UIC and DePaul to know if they rather watch NFL Football vs. some other sport on Sunday. Actual Data UIC DePaul Row Total Football 15 25 40 Other Sport 35 25 60 Total 50 50 100 Based on the statistics above, we need to determine if there is a relationship between the university of a student and watching Football. Answer to the following questions to arrive at the conclusion. What...
Haley is worried that Troy will be without health insurance after he graduates from college with...
Haley is worried that Troy will be without health insurance after he graduates from college with his B.S./B.A. degree in a few years. Her primary worry is that he may not immediately find employment or be eligible for employer-provided coverage for an extended period of time, such as ninety days. Given these concerns, which of the following are examples of appropriate insurance coverage recommendations for Troy once he graduates? a. Purchase no coverage; Haley’s concerns are not valid as the...
For a random sample of 12 business graduates from a technical college, the starting salaries accepted...
For a random sample of 12 business graduates from a technical college, the starting salaries accepted for employment on graduation (in thousands of dollars) were the following: 26.2   29.3   31.3   28.7   27.4   25.1   26.0   27.2   27.5   29.8 32.6   34.6 For an independent random sample of 10 graduates from a state university, the corresponding figures were as follows:    25.3   28.2   29.2   27.1   26.8   26.5   30.7   31.3   26.3   24.9 Analyze the data using the Mann-Whitney test, and comment on the results....
Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents...
Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents (who file a joint return) pay $14,350 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $170,600, what is the American Opportunity tax credit they can claim for Janie? $ b. Assuming Janie's parents have AGI of $68,240, what is the American Opportunity tax credit they can claim for Janie? $...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT