Question
Historically, 20% of business entrepreneurs graduate from the top MBA program. Of those who graduated from the top MBA 60% are successful, while only 30%
Historically, 20% of business entrepreneurs graduate from the top MBA program. Of those who graduated from the top MBA 60% are successful, while only 30% of the entrepreneurs not graduating from top MBA program are successful. Let M represent the event a business entrepreneur graduates from the top MBA program and S represent the event they are successful.
a) What is the probability that a randomly selected entrepreneur is successful?
b) Given that an entrepreneur is successful, what is the probability that they graduated from the top MBA program?
c) Are the events M and S independent?
d) Are the events M and S exclusive?
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Elementary Differential Equations
Authors: William E Boyce, Richard C DiPrima, Douglas B Meade
11th Edition
1119169879, 9781119169871
