A Survey of a Sample of Business Students Resulted in the Following

question 2

Short Answer

A survey of a sample of business students resulted in the following information regarding the genders of the individuals and their selected major.
Selected Major
$$\begin{array} { l | c c c | c } \text { Gender } & \text { Management } & \text { Marketing } & \text { Others } & \text { Total } \\\hline \text { Male } & 40 & 10 & 30 & 80 \\\text { Female } & 30 & 20 & 7 & 120 \\\hline \text { Total } & 7 & 30 & 100 & 200\end{array}$$
a. What is the probability of selecting an individual who is majoring in Marketing?
b. What is the probability of selecting an individual who is majoring in Management, given that the person is female?
c. Given that a person is male, what is the probability that he is majoring in Management?
d. What is the probability of selecting a male individual?

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Definitions:

Home-Country Organizations

Home-Country Organizations refer to businesses or entities that are founded and operate primarily within the country of their origin.

European Union

A political and economic union comprising 27 European countries that have standardized laws to facilitate economic, social, and security integration.

Reported Income

Reported income is the total earnings a company reports on its income statement, computed as the net income after taxes, interest, depreciation, and other expenses.

Recognition of Revenue

The process of recording revenue in the financial statements when it is earned and measurable, according to set criteria.