Students in the new MBA class at a state university have the specialization profile given below Find the probability that a student is either a finance or a marketing major Are the events finance specialization and marketing specialization mutu exclusive? If so, what assumptions must be made? Finance-78 Marketing-33 Operations and Supply Chain Management-75 Information Systems-54 Select the correct choice and, if necessary, fill in the answer box to complete your choice. O A. Since the outcomes are not mutually exclusive, the probability cannot be found using only the information given.
Angles in Circles
Angles within a circle are feasible to create with the help of different properties of the circle such as radii, tangents, and chords. The radius is the distance from the center of the circle to the circumference of the circle. A tangent is a line made perpendicular to the radius through its endpoint placed on the circle as well as the line drawn at right angles to a tangent across the point of contact when the circle passes through the center of the circle. The chord is a line segment with its endpoints on the circle. A secant line or secant is the infinite extension of the chord.
Arcs in Circles
A circular arc is the arc of a circle formed by two distinct points. It is a section or segment of the circumference of a circle. A straight line passing through the center connecting the two distinct ends of the arc is termed a semi-circular arc.
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Given Information:
Finance - 78
Marketing - 33
Operations and Supply chain management - 75
Information systems - 54
Total number of students = 240
To find the probability that a student is either a finance or a marketing major.
Probability of an event is given by the formula:
Let A denote that the student is a finance major and B denote that the student is marketing major.
Required probability is obtained as follows:
Thus, the probability that a student is either a finance or a marketing major is 0.4625
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