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QNT 561 Week 2 Lab Work (New)
FOR MORE CLASSES VISIT www.qnt561genius.com Chapter 5: Ex 4) A large company must hire a new president. The Board of Directors prepares a list of five candidates, all of whom are equally qualified. Two of these candidates are members of a minority group. To avoid bias in the selection of the candidate, the company decides to select the president by lottery. a. What is the probability one of the minority candidate is hired? b. Which concept of probability did you use to make this estimate? Ex 14) The chair of the board of directors says, “ There is a 50% chance this company will earn a profit, a 30% chance it will break even, and a 20% chance it will lose money next quarter�: a. Use an addition rule to find the probability the company will not lose money next quarter b. Use the complement rule to find the probability it will not lose money next quarter. EX 22 ) A National Park Service survey of visitors to the Rocky Mountain region revealed that 50% visit Yellowstone park, 40% visit the Tetons, and 35% visit both. a) What is the probability a vacationer will visit at least one of these attractions? b) What is the probability .35 called? c) Are the events mutually exclusive? Ex 40) Value : 10.00 Points Solve the following: a) 20!/17! b)