27 QUESTION PROBLEM SET 3 PART 1 You decide to invest in stock of a particular type of company and set the guideline that you will only buy stock on companies that are ranked in the 80th percentile or above in terms of dividends paid in the previous year. You are looking at a company that ranked 78 of 345 companies that paid dividends in 2019. a. Will this company qualify for your portfolio? b. If you had the data on the total dividends paid by each of the 345 companies, which measure of average would be the most meaningful-mean, median, midrange, or mode? EXPLAIN PART 2 In a class of 18 students there are 11 math majors and 7 computer science majors. Four students are randomly picked to prepare a demonstrate on the use of a graphing calculator. a. If one person in the class is chosen at random to draw the names out of a hat, what is the probability that the person drawing the names is a math major? b. How many ways can the group of students be formed if there are no restrictions on composition? c. How many ways can three math majors be chosen? d. How many ways can 1 computer science major be chosen? e. What is the probability that the random selection of the four-person group will result in three math majors and 1 computer science majors?
27 QUESTION PROBLEM SET 3 PART 1 You decide to invest in stock of a particular type of company and set the guideline that you will only buy stock on companies that are ranked in the 80th percentile or above in terms of dividends paid in the previous year. You are looking at a company that ranked 78 of 345 companies that paid dividends in 2019. a. Will this company qualify for your portfolio? b. If you had the data on the total dividends paid by each of the 345 companies, which measure of average would be the most meaningful-mean, median, midrange, or mode? EXPLAIN PART 2 In a class of 18 students there are 11 math majors and 7 computer science majors. Four students are randomly picked to prepare a demonstrate on the use of a graphing calculator. a. If one person in the class is chosen at random to draw the names out of a hat, what is the probability that the person drawing the names is a math major? b. How many ways can the group of students be formed if there are no restrictions on composition? c. How many ways can three math majors be chosen? d. How many ways can 1 computer science major be chosen? e. What is the probability that the random selection of the four-person group will result in three math majors and 1 computer science majors?
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 60SE: Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the...
Related questions
Question
Transcribed Image Text:27 QUESTION PROBLEM SET 3 PART 1
You decide to invest in stock of a particular type of company and set the guideline that
you will only buy stock on companies that are ranked in the 80th percentile or above in
terms of dividends paid in the previous year. You are looking at a company that ranked
78 of 345 companies that paid dividends in 2019.
a. Will this company qualify for your portfolio?
b. If you had the data on the total dividends paid by each of the 345 companies, which
measure of average would be the most meaningful-mean, median, midrange, or
mode? EXPLAIN
PART 2
In a class of 18 students there are 11 math majors and 7 computer science majors.
Four students are randomly picked to prepare a demonstrate on the use of a graphing
calculator.
a. If one person in the class is chosen at random to draw the names out of a hat, what
is the probability that the person drawing the names is a math major?
b. How many ways can the group of students be formed if there are no restrictions on
composition?
c. How many ways can three math majors be chosen?
d. How many ways can 1 computer science major be chosen?
e. What is the probability that the random selection of the four-person group will result
in three math majors and 1 computer science majors?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
