3. You decide to invest in stock in a particular type of company and set the guideline that you will only buy stock in companies that are ranked in the 80th percentile or above in term of dividends paid in the previous year. You are looking at a company that ranked 24 of 89 companies that paid dividends in 2019.

a. Will this company qualify for your portfolio?

b. If you had the data on the total dividends paid by each of the 89

companies, which measure of average would be the most meaningful -

mean, median, midrange, or mode? Explain.

4. An engineering company has four openings and the applicant pool consists of 6 database administrators and eight network engineers. All are equally qualified so the hiring will be done randomly. The hiring committee consists of 4 women and 4 men.

a. If one person on the hiring committee is chosen at random to draw the names out of a hat, what is the probability that the person drawing the names is a woman?

b. How many ways can the group who are to be hired be formed if there are no restrictions on composition?

c. How many ways can 3 database administrators be chosen?

d. How many ways can 1 network engineers be chosen?

e. What is the probability that the random selection of the four persons to be hired will result in 3 database administrators and 1 network engineer?