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Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time
Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows.
Undergraduate Major | |||||
Business | Engineering | Other | Totals | ||
Intended Enrollment Status | Full-Time | 375 | 197 | 251 | 823 |
Part-Time | 150 | 161 | 194 | 505 | |
Totals | 525 | 358 | 445 | 1,328 |
If required, round your answers to four decimal places.
(a) | Develop a joint probability table for these data. | ||||||||||||||||||||||||
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(b) | Use the marginal probabilities of undergraduate major (business, engineering, or other) to comment on which undergraduate major produces the most potential MBA students. | ||||||||||||||||||||||||
P(B) = , P(E) = , and P(O) = , so business is the undergraduate major that produces the most potential MBA students. | |||||||||||||||||||||||||
(c) | If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate engineering major? | ||||||||||||||||||||||||
P (Engineering | Full-Time) = | |||||||||||||||||||||||||
(d) | If a student was an undergraduate business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree? | ||||||||||||||||||||||||
P (Full-Time | Business) = |
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