Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

1. A new intern at a major corporation was asked to pull 2 chairs from an adjacent conference room for an important meeting. The intern knows that two of the six chairs in that adjacent conference room are broken, but he does not have time to check each chair. What is the probability that, if the intern selects two chairs at random, both will be broken?

2. 350 Individuals are surveyed regarding smoking habit and marital status.










  Smoker Non-smoker Total



Married 54 146 200



Divorced 38 62 100



Never Married 11 39 50



Total 103 247 350


a. If one subject is randomly selected, what is the probability of selecting a smoker?
P(smoker) =

b. If one subject is randomly selected, what is the probability of selecting someone who is both a smoker and divorced?
P(smoker AND divorced) =

c. If one subject is randomly selected, what is the probability of selecting someone who is either a smoker or is divorced?
P(smoker OR divorced) =

d. From the set of smokers, what is the probability that a selected individual is divorced?
P(divorced | smoker) =

3. 11 locations in a defined oil field are believed likely to contain profitable drilling sites. If the oil company can afford to drill only 4 of these sites, how many different combinations of drill sites are possible?

4. A clinic's test for the flu results in 5% of patients testing positive. The medical supply company behind this test claims that 90% of patients who test positive for flu actually have the disease, and 15% of patients testing negative also have the flu. What is the probability that a patient being tested for flu actually has the disease.

Using the following probability tree, calculate the probability of a patient actually having the flu, P(flu) = ?

5. An outdoor event organizer wishes to estimate the likelihood of a profitable event based on his experience of high, average, and low attendance when it rains versus doesn't rain. The weather forecast calls for a 60% chance of rain. Based on the event organizer's experience:
P(high attendance | rain) = 0.15 P(average attendance | rain) = 0.25
P(high attendance | no rain) = 0.50 P(average attendance | no rain) = 0.35

a. Draw an appropriate probability tree for this problem.

b. Label every branch with its probability value. (You do not need to calculate any joint probabilities or solve the problem.)

Attachment:- Assign.rar

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92478138
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Operation Management

1 your task is to identify 2 advertisements one

1. Your task is to identify 2 advertisements. One advertisement encourages a consumer to use a non-compensatory decision strategy and the other advertisement encourages a consumer to use a compensatory decision strategy. ...

Mary owns a medium-size distribution business with about 20

Mary owns a medium-size distribution business with about 20 employees. Mary had an unusual management style and from time to time would throw items at her employees. Paul was working in the warehouse one hot summer day a ...

The marketing strategy of corporate naming rights for

The marketing strategy of corporate naming rights for sports venues is a fairly recent strategy in the sports business landscape. Imagine you are on the marketing team for a minor league team that will be moving to your ...

Please use referencescase 2 home healthbackgroundthe

Please use references, Case #2: Home HealthBACKGROUNDThe Patient Protection and Affordable Care Act (ACA) requires that physicians (or certain practitioners working with them) who certify beneficiaries as eligible for Me ...

Ldquocompany policy states that personnel are not to

“Company policy states that personnel are not to conduct business using mobile communications while driving,” David Finch reminds you. He’s a partner at the law firm Wilkes Artis in Washington, D. C., where you work as h ...

1 discuss the components and purpose of types of

1. Discuss the components and purpose of types of leaves-of-absence, including FMLA, military, personal, and sabbaticals. If the leave type is mandated by law, discuss the employer responsibilities and benefits to the em ...

Question ldquoaudit of a facilityssites it securityrdquo1

Question: “AUDIT OF A FACILITY'S/SITE'S IT SECURITY” 1. List 5 overall audit goals for this audit 2. Describe the scope of the audit i.e. how big, broad, and deep the audit will be in terms of topics to be audited. 3. Li ...

Apple assignemnt1 what approach has the firm taken towards

Apple Assignemnt: 1. What approach has the firm taken towards international growth- localization, global standardization 2. Describe the nature of these challenges for the company 3. What mode of expansion has it used? 4 ...

Please post your response to the following discussion

Please post your response to the following Discussion Questions and respond to two classmates' posts: DO: Think about how some marketers use knownlfamiliar songs or music in their advertisements. - Please provide an adve ...

The internet has really changed the channels of

The Internet has really changed the channels of distribution for many companies. For example: Amazon.com now handles the online business of Circuit City, Target, etc. Amazon gets a commission for each sale online. This f ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As