Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bellomy Research is a company in the U.S. who conducts research. Two types of companies were investigated: large and small to mid-size. The survey of

Bellomy Research is a company in the U.S. who conducts research. Two types of companies were investigated: "large" and "small to mid-size".

The survey of 475 companies ("large" and "small to mid-sized") asked if they offer stock options to their board members, with only two possible answers "yes" or "no". All the respondents participated and answered the survey.

The results indicated that of 234 large companies 83 offered stock options. Of all small to mid-sized companies, 54 indicated that they offer stock options.

  1. (2 point) Suppose that the respondent chosen is a small to mid-size company. What is the probability that it offered stock options?
  2. (2 point) Suppose that the respondent chosen does indicate that it didn't offer stock options. What is the probability that the company is large?
  3. (3 points) Are offering stock options and company type independent? Explain.
  4. (1 point) What is the probability that a respondent chosen at random is a small to mid-sized company and indicates that it offers stock options?
  5. (2 point) What is the probability that a respondent chosen at random is a small to mid-sized company or is a company who offers stock options?
  6. (2 point) What is the probability that a respondent chosen at random is a large company or is a company who does not offer stock options?

Calculate all the above, show your work and present answer with 5 decimals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations For Engineers

Authors: Wei Chau Xie

1st Edition

0511771037, 9780511771033

More Books

Students also viewed these Mathematics questions

Question

6. Focus on one idea at a time, and avoid digressions.

Answered: 1 week ago