Two Professors at a Nearby University Want to Co-Author a New

question 65

Multiple Choice

Two professors at a nearby university want to co-author a new textbook in either economics or statistics.They feel that if they write an economics book,they have a 50 percent chance of placing it with a major publisher,and it should ultimately sell about 40,000 copies.If they can't get a major publisher to take it,then they feel they have an 80 percent chance of placing it with a smaller publisher,with ultimate sales of 30,000 copies.On the other hand,if they write a statistics book,they feel they have a 40 percent chance of placing it with a major publisher,and it should result in ultimate sales of about 50,000 copies.If they can't get a major publisher to take it,they feel they have a 50 percent chance of placing it with a smaller publisher,with ultimate sales of 35,000 copies.What is the probability that the statistics book would wind up being placed with a smaller publisher?

• A).6
• B).5
• C).4
• D).3
• E)0

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Definitions:

Personality Development

The growth and change in an individual’s character and behavioral traits over their lifespan.

Cattell

Raymond Cattell was a psychologist known for his research on personality theory and his development of the 16 Personality Factor (16PF) questionnaire.

Adolescence

The phase of both physical and psychological growth that typically happens between puberty and reaching the age of legal majority.

Social Attitudes

The general feelings, beliefs, and behavior dispositions directed towards people, groups, or ideas within a society.