In a Major Midwestern University, 55 Percent of All Undergraduates

question 27

Multiple Choice

In a major midwestern university, 55 percent of all undergraduates are female, 25 percent of all undergraduates belong to a Greek organization (fraternity or sorority) , and 40 percent of all males belong to a Greek organization. What is the probability that one randomly selected undergraduate will be either a female or belong to a Greek organization?

• A) .73
• B) .55
• C) .80
• D) .07
• E) .87

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Definitions:

Historical Demand

The record of past customer demand for a product or service, used to predict future demand patterns and guide inventory and production planning.

Forecast

A prediction or estimate of future events or trends, especially regarding weather or economics.

Qualitative Forecasting Methods

Forecasting techniques that are based on judgment and opinion, rather than on strictly numeric or statistical data.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts or evidence.