Question

A survey of 33 students at the Wall College of Business showed the following majors:Accounting 9Finance 4Economics 3Management 8Marketing 9suppose you randomly select a student.What is the probability he or she is a management major? (Round your answer to 3 decimal places.)

Answer 1

24.24%

Explanation:

There are 33 students 8 of which are management majors.

Since there is no reason to assign different probabilities to the choice of any of them, we should assume that selecting a given student has a probability of 1/33.

As there are 8 management majors, the probability of selecting a management major is 8(1/33) = 0.2424 = 24.24%