Gender
the Physical Science Degrees Conferred by a School Between

question 62

Short Answer

Gender
The physical science degrees conferred by a school between 1992 and 1995 were broken down as follows: $$\begin{array}{l}\quad \quad \quad \quad \quad \quad \quad \quad \text { Gender }\\\begin{array} { | l | c c | c | } \hline \text { Major } & \text { Male } & \text { Female } & \text { Total } \\\hline \text { Physics } & 25 & 25 & 50 \\\text { Chemistry } & 60 & 40 & 100 \\\text { Geology } & 30 & 20 & 50 \\\hline \text { Total } & 115 & 85 & 200 \\\hline\end{array}\end{array}$$ Suppose a person is selected at random from these graduates.Consider the following events:
M: The person is a male.
F: The person is a female.
P: The person graduated in physics.
C: The person graduated in chemistry.
G: The person graduated in geology.
-Are the events C and F independent?

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Definitions:

Cost-Minimizing

A strategy or approach aimed at reducing expenses to the lowest possible level while achieving the desired output.

Price of Capital

The cost of using capital for production, often measured by the interest rate on borrowed funds or the rate of return required on investment.

Price of Labor

The wages or salary paid to workers for their services, often determined by supply and demand in the labor market.

Least-Cost Rule

A principle suggesting that the most efficient way to achieve a desired level of output is by minimizing the cost of input resources.