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A sample of 40 oil industry executives was selected to
Chapter 5, Problem 7E(choose chapter or problem)
Problem 7E
A sample of 40 oil industry executives was selected to test a questionnaire. One question about environmental issues required a yes or no answer.
a. What is the experiment?
b. List one possible event.
c. Ten of the 40 executives responded yes. Based on these sample responses, what is the probability that an oil industry executive will respond yes?
d. What concept of probability does this illustrate?
e. Are each of the possible outcomes equally likely and mutually exclusive?
Questions & Answers
QUESTION:
Problem 7E
A sample of 40 oil industry executives was selected to test a questionnaire. One question about environmental issues required a yes or no answer.
a. What is the experiment?
b. List one possible event.
c. Ten of the 40 executives responded yes. Based on these sample responses, what is the probability that an oil industry executive will respond yes?
d. What concept of probability does this illustrate?
e. Are each of the possible outcomes equally likely and mutually exclusive?
ANSWER:
Solution :
Step 1 of 5:
Given a sample of an oil industry executives is 40.
Our goal is:
a). We need to find an experiment.
b). We need to list 1 possible event.
c). We need to find the probability that an oil industry executive will respond yes.
d). We need to find concept of probability does this illustrate.
e). We need to find are each of the possible outcomes equally likely and mutually exclusive.
a). From the given information a value between zero and one describing the relative possibility an event will occur.