Try Magic Notes and save time.Try it free
Try Magic Notes and save timeCrush your year with the magic of personalized studying.Try it free

Related questions with answers

Question

Three professors at George Washington University did an experiment to determine if economists are more selfish than other people. They dropped 64 stamped, addressed envelopes with $10\$ 10 cash in different classrooms on the George Washington campus. 44%44 \% were returned overall. From the economics classes 56%56 \% of the envelopes were returned. From the business, psychology, and history classes, 31%31 \% was returned.

Let: RR = money returned;

E=E= economics classes;

O=O= other classes

Write a probability statement for the percent of money returned out of the other classes.

Solution

Verified
Answered 1 year ago
Answered 1 year ago
Step 1
1 of 4

In this task, we need to write the probability statement for the percentage of money returned out of the other classes. The given is that 33 professors experimented to determine if economists are more selfish than other people. They leave 6464 stamped, addressed envelopes with 10$10\$ in different classrooms on their campus. 44%44\% were returned overall. From the economics classes, 56%56\% of envelopes were returned, and 31%31\% from the business, psychology, and history classes were returned. The given are events:

  • RR - money returned;
  • EE - economics classes;
  • OO - other classes.

What is the probability of event OO?

Create an account to view solutions

Create an account to view solutions

Recommended textbook solutions

Business Statistics 10th Edition by David F. Groebner, Patrick W. Shannon, Phillip C. Fry

Business Statistics

10th EditionISBN: 9780134496498 (2 more)David F. Groebner, Patrick W. Shannon, Phillip C. Fry
697 solutions
Business Statistics 2nd Edition by Norean D. Sharpe, Paul Velleman, Richard D. De Veaux

Business Statistics

2nd EditionISBN: 9780321955081Norean D. Sharpe, Paul Velleman, Richard D. De Veaux
2,183 solutions
Essentials of Modern Business Statistics with Microsoft Excel 8th Edition by David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

Essentials of Modern Business Statistics with Microsoft Excel

8th EditionISBN: 9780357131626 (1 more)David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams
1,797 solutions
Introductory Business Statistics 1st Edition by Alexander Holmes, Barbara Illowsky, Susan Dean

Introductory Business Statistics

1st EditionISBN: 9781947172470 (1 more)Alexander Holmes, Barbara Illowsky, Susan Dean
2,157 solutions

More related questions

1/4

1/7