What is the probability that a student is accepted

Assignment Help Business Economics
Reference no: EM132120838

A student is applying to Harvard and Dartmouth. If the student is accepted at Dartmouth, the probability of being accepted at Harvard is 40%. If the student is not accepted at Dartmouth there is an 80% of non-acceptance at Harvard. There is a 50% chance of being accepted at Dartmouth.

What is the probability that a student is accepted at Harvard or is accepted at Dartmouth?

Reference no: EM132120838

Questions Cloud

Provided by employers in their effort to counteract unionism : A substitute provided by employers in their effort to counteract unionism is. A labor injunction.
What factors may be affecting your hearing : Other than age, what factors may be both positively and negatively affecting your hearing? For example, using headphones regularly or a history of ear.
What historical data are available on process performance : Determine what historical data are available on process performance, or what data need to be collected to better understand the process.
What is history and why should we study history : What is history? Why should we study history? How have history textbooks begun to complicate our histories even further?
What is the probability that a student is accepted : What is the probability that a student is accepted at Harvard or is accepted at Dartmouth?
What did you learn about the nature vs nurture controversy : Complete a 1 page paper/essay answering the following question: What did you learn about the nature vs. nurture controversy? This assignment must be completed.
What is the probability of pulling 3 green cards : What is the probability of pulling 3 green cards if the first 2 are replaced? What is the probability of pulling 3 blue cards if the first one is not replaced?
What is the probability that it is red or blue : If a marble is randomly selected from the box, what is the probability that it is red or blue? Express your answer as a simplified fraction or a decimal rounded
What is the maximum inventory achieved during production run : What is the maximum inventory achieved during a production run? How many production runs are needed to meet the annual demand?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd