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# Two boxes of mens Old Navy shirts were received from the factory. Box 1 contained 25

ISBN: 9780073401805 480

## Solution for problem 72 Chapter Chapter 5

Statistical Techniques in Business and Economics | 15th Edition

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Statistical Techniques in Business and Economics | 15th Edition

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Problem 72

Two boxes of mens Old Navy shirts were received from the factory. Box 1 contained 25 mesh polo shirts and 15 Super-T shirts. Box 2 contained 30 mesh polo shirts and 10 180 Chapter 5 CEO Paid More CEO Paid Less Than \$1 Million Than \$1 Million Total Shareholders made money 2 11 13 Shareholders lost money 4 3 7 Total 6 14 20 Lin01803_ch05_144-185.qxd 10/16/10 10:16 AM Page 180 Super-T shirts. One of the boxes was selected at random, and a shirt was chosen at random from that box to be inspected. The shirt was a mesh polo shirt. Given this information, what is the probability that the mesh polo shirt came from box 1?

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Ch. 4 Probability • Statistics: the science of decision-making in the face of uncertainty • Probability: a numerical measure of the likelihood that an outcome or an event occurs • Probability of an event A = P(A) • Requirements for Probability of Discrete Variables: o 0 <= P(A) <= 1 o When P(A) = 0, it is an impossible event o When P(A) = 1 it...

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