probability question: in a survey of 15 accountants, 10 favored present-value ac

Question

probability question: in a survey of 15 accountants, 10 favored present-value accounting, 6 favored a shortening of the allowable depr. period and 3 recommended no change. suppose one of the accountants involved in the surevey is selected at random. a. what is the prbability that she favors present-value accounting b) what is the probability that she favors either present-value accounting proc. or a shortenin gof the all assest depr c0 what is the probability that she favors both present value account and short of the allow asset depr???? help please

Explanation / Answer

probability question: in a survey of 15 accountants, 10 favored present-value accounting,

6 favored a shortening of the allowable depr. period and 3 recommended no change. suppose one of the accountants involved in the surevey is selected at random.

a. what is the prbability that she favors present-value accounting

10/15 = 2/3 probability

b) what is the probability that she favors either present-value accounting proc. or a shortenin gof the all assest depr

(10/15)(15 - 6/15) + (6/15)(15 - 10/15)

= (2/3)(3/5) + (2/5)(1/3)

= 2/5 + 2/15

= 8/15

c) what is the probability that she favors both present value account and short of the allow asset depr???? help please

(10/15)(6/15) = 60/225 = 12/25

I hope that you found this answer useful towards your studies. It took a considerable amount of thought, time, and effort to compose, and and I'd sincerely appreciate a lifesaver rating! It would really make my day! :)

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.