Studnets in the new MBA class at a state university has the following specialization profile: Finance 67
Marketing 45
Operations and Supply Chain Management 51
Information Systems 18
a. Find the probability that a student is either a finace or marketing major.
b. Are the events finance specialization and marekting specialization mutually exclusive? If so, what assumption must be made?

Answer and Explanation:

a. The computation of the probability for a student either a finance or marketing major is shown below:

= Number of expected outcomes ÷ total number of outcomes

= (67 + 45) ÷ (67 + 45+ 51 + 18)

= 112 ÷ 181

= 0.6188

b. Now for mutually exclusive, we make the assumption that the none of the students has taken for multiple specializations also nothing is mentioned in the question

answer; (c) run the name by everyone you can;

answer; enforce the rules;