Two Professors at a Nearby University Want to Coauthor a New

question 77

Multiple Choice

Two professors at a nearby university want to coauthor 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 cannot 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 cannot 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:

Common Set Of Boundaries

Established limits or guidelines within which individuals are expected to operate, often set to maintain professionalism and respect in various settings.

Course Of Action

A plan or strategy designed to achieve a particular goal or resolve a problem.

Helper's Course

A training program designed to equip individuals with the skills and knowledge necessary to provide assistance or support to others.

Handling Of One's Emotions

The ability to manage and regulate one's emotional responses in various situations effectively.