In large accounting firm the proportion of accountants with, Ask an Expert

Statistics

In large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 0.75 times the proportion of accountants with no MBA degree and less than 5 years of professional experience. Furthermore, 35% of the accountants in this firm have MBA degrees, and 45% have less than 5 years of professional experience.

a) What is the probability of a randomly selected accountant to have at least 5 years of professional experience?

b) What proportion of accountants with MBA degrees have at least 5 years of professional experience?

c) What is the probability of a randomly selected accountant to have at least 5 years of professional experience and no MBA degree?

d) If one of the firm's accountants is selected at random, what is the probability that this accountant has an MBA degree or at least 5 years of professional experience but not both?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9358620

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Q1 what would the best approach to evaluating whether the

Q1. What would the best approach to evaluating whether the extension to the new line be? would an IRR / NPV approach be adequate? Q2. My understanding is that we would take the sales of the extension of the modern line ( ...

A population has a mean mu79 and anbspstandard deviation

A population has a mean μ=79 and a standard deviation σ=24. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=248 μx= ?Simplify your? answer. σx= rounded to three decimal ...

Runzheimer international publishes business travel costs

Runzheimer International publishes business travel costs for various cities throughout the world. In particular, they publish per diem totals that represent the average costs for the typical business traveler, including ...

1 this table summarizes the results from

1) This table summarizes the results from along+termrandomized clinicaltrial to determine whether aspirin reduces the risk of heart attack. Researchers randomly assigned a large sample of healthy male physicians (22,07 ...

A bottle of water is supposed to have 20 ounces the

A bottle of water is supposed to have 20 ounces. The bottling company has determined that 98% of bottles have the correct amount. Which of the following describes a binomial experiment that would determine the probabilit ...

For each of the following describe1 the direction of the

For each of the following describe: 1. The direction of the relationship 2. The strength of the relationship 3. A verbal description of the relationship between the variables. r = -.96 between the craving for Taco Bell a ...

Assume that showing a car is a bernoulli trial and each

Assume that showing a car is a Bernoulli trial, and each time she shows a car, there is a probability of 0.15 that the customer will buy the car. The saleswoman has a goal of selling at least one car a week. 1) How many ...

Bar-eli azar ritov keidar-levin and schein 2007 analyzed

Bar-eli, Azar, Ritov, Keidar-Levin, and Schein (2007) analyzed 286 penalty kicks among professional soccer players. They recorded the direction that the ball was kicked (left, center, right) and the direction that the go ...

List the three assumptions of the independent groups t-test

List the three assumptions of the independent groups t-test. The consequences of violating which assumption are exacerbated if you have unequal N

What are the benefits of a country having a positive

What are the benefits of a country having a positive Current Account and what are the benefits of a country having a negative Current Account?

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

Recent Questions

Ask Statistics and Probability Expert