Final answer:
The probability that a randomly selected applicant is female given that the applicant has a graduate degree is approximately 0.5914.
Step-by-step explanation:
To find the probability that a randomly selected applicant is female given that the applicant has a graduate degree, we can use the concept of conditional probability.
Let's first find the probability of an applicant being female and also having a graduate degree. We are given that there are 55 applicants who are female and have a graduate degree out of 450 applicants. So the probability of an applicant being female and having a graduate degree is 55/450.
Next, we need to find the probability of an applicant having a graduate degree. We are given that there are 93 applicants with graduate degrees out of 450 applicants. So the probability of an applicant having a graduate degree is 93/450.
Finally, we can use the formula for conditional probability:
P(Female|Graduate Degree) = P(Female and Graduate Degree) / P(Graduate Degree)
Substituting the values we found:
P(Female|Graduate Degree) = (55/450) / (93/450) = 55/93 ≈ 0.5914