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Category > Statistics Posted 19 May 2017 My Price 8.00

A company president always invites one of her three vice presidents

 

2–85. A company president always invites one of her three vice presidents to attend business meetings and claims that her choice of the accompanying vice pres- ident is random. One of the three has not been invited even once in five meetings. What is the probability of such an occurrence if the choice is indeed random? What conclusion would you reach based on your answer?

2–86. A multinational corporation is considering starting a subsidiary in an Asian country. Management realizes that the success of the new subsidiary depends, in part, on the ensuing political climate in the target country. Management estimates that the probability of success (in terms of resulting revenues of the subsidiary during its first year of operation) is 0.55 if the prevailing political situation is favorable, 0.30 if the political situation is neutral, and 0.10 if the political situation during the year is unfa- vorable. Management further believes that the probabilities of favorable, neutral, and unfavorable political situations are 0.6, 0.2, and 0.2, respectively. What is the success probability of the new  subsidiary?

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 19 May 2017 11:05 AM My Price 8.00

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file 1495194365-Answer.docx preview (230 words )
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