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The table to the right Workers per Age Group gives the number of (thousands) male and female 16-19 20-24 25+ Totals workers earning at or
The table to the right Workers per Age Group gives the number of (thousands) male and female 16-19 20-24 25+ Totals workers earning at or Males at Minimum Wage 360 137 297 794 below the minimum wage for several age Males below Minimum Wage 163 154 129 446 categories. Complete Females at Minimum Wage 310 175 516 1,001 parts (A) through (D) Females below Minimum Wage 204 277 568 1,049 belOW- Totals 1,037 743 1,510 3,290 (A) How many males are of age 2024 and earn below minimum wage? There are males of age 2024 earning below minimum wage. (Type a whole number.) (B) How many females are of age 20 or older and earn minimum wage? There are females of age 20 or older earning minimum wage. (Type a whole number.) (C) How many workers are of age 1619 or males earning minimum wage? There are workers who are of age 16-19 or are males earning minimum wage. (Type a whole number.) (D) How many workers earn below minimum wage? There are a total of workers earning below minimum wage. (Type a whole number.) Suppose that 8 female and 7 male applicants have been successfully screened for 8 positions. In how many ways can the following compositions be selected? (A) 4 females and 4 males (B) 7 females and 1 male (0) 8 females (D) 8 people regardless of sex (E) At least 7 females (A) There is/are way(s) to select 4 females and way(s) to select 4 males. (Type whole numbers.) There is/are way(s) to select 4 females and 4 males. (Type a whole number.) (B) There is/are way(s) to select 7 females and 1 male. (Type a whole number.) (C) There is/are way(s) to select 8 females. (Type a whole number.) (D) There is/are way(s) to select 8 people regardless of sex. (Type a whole number.) (E) There is/are way(s) to select at least 7 females for 8 positions. (Type a whole number.) Decision analysis. After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that siteAwiIl net $20 million if successful (probability .4) and lose $3 million if not (probability .6); site B will net $60 million if successful (probability .3) and lose $5 million if not (probability .7). Which site should the company choose according to the expected return from each site? a. What is the expected return for site A? $ million b. What is the expected return for site B? $ million c. Which site should the company choose? Site B Site A
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