THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A table of joint probabilities is shown below,regarding the instructors at the University of Michigan,where the events Ai(i = 1,2,3)and Bj (j = 1,2)are defined as follows: A1 = Full professor,A2 = Associate professor,A3 = Assistant professor,B1 = Male instructor,and B2 = Female instructor.
-Calculate the marginal probabilities of events Bj.
Definitions:
Incremental Cash Flow
The additional cash flow a business expects to generate from a particular investment or decision.
Annual Salary
The amount of money a person earns from their job in a year.
Contractual Obligation
A legal duty established by a contract between parties, enforceable by law.
Raw Materials Inventory
The stock of materials and components that a company holds for the future production of goods.
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