Estimating probability values based on discrete distribution

Reference no: EM1316046

Sixty percent of the employees in a certain department are female. One third of the females drive foreign cars. The rest drive domestic cars. Twenty-five percent of the males in the department drive foreign cars. One person is randomly selected from the departmental files. Use this information to construct a probability table, and then calculate each of the following probabilities:

P (male/domestic car)

Reference no: EM1316046

Questions Cloud

Explaining cooperative behaviour in crude oil market : How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.

Linear relationship using graph : Linear relationship using graph

Expected dividend and market value of the two firms : Expected dividend and market value of the two firms -What is each firm's expected dividend at the end of the next year and Which firm has the higher market value?

Evaluate future value using the savings and graduation gift : Evaluate the future value using the savings and graduation gift - what will his financial be when he leaves for Australia 5 years from now?

Estimating probability values based on discrete distribution : Use this information to construct a probability table, and then calculate each of the following probabilities:

Costs and diminishing marginal returns : Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.

The relationship among variables is sufficient to warrant : Describe the data appear the strength of the relationship among variables is sufficient to warrant using linear regression forecasting.

Explain usage of the budgeting in business environment : Explain Usage of the budgeting in business environment and Discuss how budgeting can be used at your place of employment

Find the beta of the portfolio : Multiple choice questions on funds and interests and what is the expected rate of return and find the beta of the portfolio?

User Account

All Pages