Solution Found!
A survey of 34 students at the Wall College of Business
Chapter 5, Problem 3E(choose chapter or problem)
A survey of 34 students at the Wall College of Business showed the following majors:
\(\begin{array}{|lr|}
\hline \text { Accounting } & 10 \\
\text { Finance } & 5 \\
\text { Economics } & 3 \\
\text { Management } & 6 \\
\text { Marketing } & 10 \\
\hline
\end{array}\)
Suppose you select a student and observe his or her major.
a. What is the probability he or she is a management major?
b. Which concept of probability did you use to make this estimate?
Questions & Answers
QUESTION:
A survey of 34 students at the Wall College of Business showed the following majors:
\(\begin{array}{|lr|}
\hline \text { Accounting } & 10 \\
\text { Finance } & 5 \\
\text { Economics } & 3 \\
\text { Management } & 6 \\
\text { Marketing } & 10 \\
\hline
\end{array}\)
Suppose you select a student and observe his or her major.
a. What is the probability he or she is a management major?
b. Which concept of probability did you use to make this estimate?
ANSWER:Step 1 of 4
(a) Suppose you select a student and observe his or her major.
We are asked to find the probability he or she is a management major.