In: Statistics and Probability
According to recent figures from the National of Educational Statistics (US), 17.5% of all bachelor’s degrees are in business. 27% of bachelor’s degrees in business are obtained by women and 48.75% of other degrees are obtained by men.
b.What is the probability that a randomly selected recent bachelor’s degree graduate will be a man?
c.What is the probability that a randomly selected recent bachelor’s degree graduate will be a man with a degree in business?
(d) What is the probability that a randomly selected female recent bachelor’s degree graduate will have a degree in business?
Answer)
It is mentioned in the question that 17.5% of all bachelor's degrees are in business
So, 100-17.5% = 82.5% of all bachelor's degrees are others
and 27% of bachelor's degree in business are obtained by women
27% of 17.5% = 4.725%
So, 17.5-4.725= 12.775% are obtained by men
48.75%of other degrees are obtained by men
48.75% of 82.5% = 40.21875 by men
And 82.5 - 40.21875 = 42.28125 by women
Required table is
Business. Other
Men. 12.775 40.21875
Women. 4.725 42.28125
B)
Probability is given by favorable/total
Total here is = 12.775 + 4.725 + 40.21875 + 42.28125 = 100
Favorable = man = 12.775 + 40.21875= 52.99375
Required probability is = 52.99375/100 = 0.5299375
C)
Favorable = man with a degree in business = 12.775
Required probability = 0.12775
D)
Here total is females = 4.725 + 42.28125 = 47.00625
Favorable is female with business degree = 4.725
Required probability is 4.725/47.00625
= 0.1005185480654