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 mutually exclusive? If so, what assumptions must be made? Finance-85 Marketing-39 Operations and Supply Chain Management-70 Information Systems-56 Select the correct choice and, if necessary, fill in the answer box to complete your choice O A. Since the students may or may not be allowed to have multiple majors, it is not known if the outcomes are mutually exclusive. If it is assumed that the majors are not mutually exclusive, then the probability that a student or a marketing major cannot be found using only the information given. If it is assumed that the majors are mutually exclusive, then the probability is either a finance (Round to two decimal places as needed ) O B. Since the outcomes are mutually exclusive, the probability that a student is either a finance or a marketing major is No assumptions need to be made (Round to two decimal places as needed ) O C. Since the outcomes are not mutually exclusive, the probability cannot be found using only the information given. O D. Since the students may or may not be allowed to have multiple majors, it is not known if the outcomes are mutually exclusive. If it is assumed that the majors are not mutually exclusive, then the probability that a student is either a finance or a marketing major is If it is assumed that the majors are mutually exclusive, then the probability cannot be found using only the information given

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ISBN:9781119256830

Author:Amos Gilat

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Transcribed Image Text: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 mutually exclusive? If so, what assumptions must be made? Finance-85 Marketing-39 Operations and Supply Chain Management-70 Information Systems-56 Select the correct choice and, if necessary, fill in the answer box to complete your choice. O A. Since the students may or may not be allowed to have multiple majors, it is not known if the outcomes are mutually exclusive. If it is assumed that the majors are not mutually exclusive, then the probability that a student is either a finance or a marketing major cannot be found using only the information given. If it is assumed that the majors are mutually exclusive, then the probability is (Round to two decimal places as needed.) O B. Since the outcomes are mutually exclusive, the probability that a student is either a finance or a marketing major is No assumptions need to be made. (Round to two decimal places as needed.) C. Since the outcomes are not mutually exclusive, the probability cannot be found using only the information given. O D. Since the students may or may not be allowed to have multiple majors, it is not known if the outcomes are mutually exclusive. If it is assumed that the majors are not mutually exclusive, then the probability that a student is either a finance or a marketing major is If it is assumed that the majors are mutually exclusive, then the probability cannot be found using only the information given. (Round to two decimal places as needed.)

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