Question
In: Math
At a Midwestern business school, historical data indicates that 70% of admitted MBA students ultimately join...
At a Midwestern business school, historical data indicates that 70% of admitted MBA students ultimately join the business school’s MBA program. In a certain year, the MBA program at the University admitted 200 students.
a. Find the probability that at least 150 students ultimately join the MBA program.
b. Find the probability that no less than 135 and no more than 160 students finally join the MBA program.
c. How many students should the MBA program expect to join the program?
d. What is the standard deviation of the number of students who will join the MBA program? e. Let X be the number of students out of 200 who will join the program. Would the empirical rule apply to the probability distribution of X in this case?
Solutions
milcah answered 1 year agoRelated Solutions
At a Midwestern University the 450 students in the Business School were classified according to their...
At a Midwestern University the 450 students in the
Business School were classified according to their major within the
business school and their gender. The results are:
Female
Male
Total
Accounting
68
56
124
Administration
91
40
131
Economics
5
6
11
Finance
61
59
120
Other
39
25
64
Total
264
186
450
Complete a table for marginal distribution.
Complete a table for Conditional distribution
At a Midwestern University the 386 students in the Business School were classified according to their...
At a Midwestern University the 386 students in the Business
School were classified according to their major within the business
school and their gender. The results follow.
Female
Male
Accounting
68
56
124
Administration
91
40
131
Economics
5
6
11
Finance
61
59
120
225
161
386
Find the probability that the selected student is a finance
major and a male.
b. Find the probability that the selected student is an
administration major or a finance major.
c. Find...
A survey of MBA graduates of a business school obtained data on the first-year salary after...
A survey of MBA graduates of a business school obtained data on
the first-year salary after graduation and years of work experience
prior to obtaining their MBA. The data are given in excel.
Q: Write out the assumptions of simple linear regression. Use
the output to validate assumptions or indicate if an assumption is
not met.
Experience
Salary
8
113.9
5
112.5
5
109
11
125.1
4
111.6
3
112.7
3
104.5
3
100.1
0
101.1
13
126.9
14
97.9...
A survey of MBA graduates of a business school obtained data on the first-year salary after...
A survey of MBA graduates of a business school obtained data on
the first-year salary after graduation and years of work experience
prior to obtaining their MBA. The data are given in excel.
1. Run the regression analysis (Include all options). Report the
least squares regression line. Give the 95% confidence interval for
the least squares estimate of the slope. Report the correlation
coefficient. Interpret. Report the coefficient of
determination. Interpret. and Use the ANOVA output and
write out the hypothesis being...
The Dean of ASBE School of Business is concerned that grades in the MBA program are...
The Dean of ASBE School of Business is concerned that grades in
the MBA program are distributed appropriately. Too many high grades
or too many low grades would pose a problem. We wish to test the
claim that the mean GPA of ASBE students is smaller than 3.6 at the
.01 significance level.
The null and alternative hypothesis would be:
H0:μ=3.6
Ha:μ<3.6
H0:p=3.64/4
Ha:p≠3.64/4
H0:p=3.6/4
Ha:p>3.6/4
H0:p=3.6/4
Ha:p>3.6/4
H0:μ=3.6
Ha:μ>3.6
H0:p=3.6/4
Ha:p<3.6/4
H0:μ=3.6
Ha:μ≠3.6
The test is:
two-tailed
right-tailed
left-tailed...
The Dean of ASBE School of Business is concerned that grades in the MBA program are...
The Dean of ASBE School of Business is concerned that grades in
the MBA program are distributed appropriately. Too many high grades
or too many low grades would pose a problem. We wish to test the
claim that the mean GPA of ASBE students is smaller than 3.3 at the
.005 significance level.
The null and alternative hypothesis would be:
H0:p=3.34H0:p=3.34
Ha:p>3.34Ha:p>3.34
H0:μ=3.3H0:μ=3.3
Ha:μ≠3.3Ha:μ≠3.3
H0:p=3.34H0:p=3.34
Ha:p<3.34Ha:p<3.34
H0:μ=3.3H0:μ=3.3
Ha:μ<3.3Ha:μ<3.3
H0:p=3.34H0:p=3.34
Ha:p≠3.34Ha:p≠3.34
H0:μ=3.3H0:μ=3.3
Ha:μ>3.3Ha:μ>3.3
The test is:
left-tailed
two-tailed
right-tailed
Based on...
A business students claims that on average an MBA students is required to prepare more than...
A business students claims that on average an MBA students is
required to prepare more than five cases per week. To examine the
claim, a statistics professor ask a random sample of ten MBA
students to report the number of cases they prepare weekly. The
results are given below. Can the professor conclude that the claim
is true, at the .05 level of significance, assuming the number of
cases is normally distributed with a standard deviation of 1.5?
2
7...
In a survey of MBA students, the following data were obtained on “students’ first reason for...
In a survey of MBA students, the following data were obtained on
“students’ first reason for application to the school in which they
matriculated.” Reason for Application School School cost or Quality
Convenience Other Totals Enrollment Status Full Time 421 393 76 890
Part Time 400 593 46 1039 Totals 821 986 122 1929 (a) Develop a
joint probability table for these data. (b) Use the marginal
probabilities of school quality, school cost or convenience, and
other to comment on...
Marilyn is a 23-year-old M.B.A. student at the business school of a large Midwestern university. For...
Marilyn is a 23-year-old M.B.A. student at the business school
of a large Midwestern university. For years she has been frustrated
and dissatisfied with her life. She has always done well
academically, but lately she has had little interest in doing her
schoolwork and little confidence that she can do it well. She
describes herself as a person with "big plans," who ultimately
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A total of 23 Gossett High School students were admitted to State University. Of those students,...
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State University. Of those students, 7 were offered athletic
scholarships. The school’s guidance counselor looked at each
group’s summary statistics of their composite ACT scores, wondering
if there was a difference between the groups (those who were not
offered scholarships and those who were). The statistics for the 16
students who were not offered scholarships are x̅ = 24.7, s = 2.8
and for the 7 who were, x̅...
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