Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 11 Oct 2017 My Price 9.00

managerial positions

Fifteen percent of the employees in a company have managerial positions and 25% of the employees in the company have MBA degrees.  Also, 60% of the managers have MBA degrees.  Using the probabillity formulas, a.  Find the proportion of employees who are managers and have MBA degrees. b.  Find the proportion of MBAs who are managers. c.  Are the events being a manager and having an MBA independent?  Justify your answer. Suppose that yearly health care expenses for a family of four are normally distributed with a mean expense equal to $3,000 and a standard deviation of $500.

Fifteen percent of the employees in a company have managerial positions and 25% of the employees in the company have MBA degrees.  Also, 60% of the managers have MBA degrees.  Using the probabillity formulas,

a.  Find the proportion of employees who are managers and have MBA degrees.

b.  Find the proportion of MBAs who are managers.

c.  Are the events being a manager and having an MBA independent?  Justify your answer.

 

 

Suppose that yearly health care expenses for a family of four are normally distributed with a mean expense equal to $3,000 and a standard deviation of $500.  An insurance company has decided to offer a health insurance premium reduction if a policyholder's health care expenses to not exceed a specified dollar amount.  What dollar amount should be established if the insurance company wants families having the lowest 33% of yearly health care expenses to be elighble for the premium reduction?

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Maurice Tutor
(5)
Status NEW Posted 11 Oct 2017 11:10 AM My Price 9.00

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