Each manager of a Fortune 500 company was rated as being ether a good, fair, or

Question

Each manager of a Fortune 500 company was rated as being ether a good, fair, or poor manager by his/her boss. The manager's educational background was also noted. The data appear below. What is the probability that a manager has a college degree? What is the probability that a manager does not have a college degree? What is the probability that a manager is fair and has a college degree? What is the probability that a manager is far or has a college degree? What is the probability that a manager is not fair and does not have a college degree? Are the events "fair" and "some college" mutually exclusive? Explain

Explanation / Answer

Result:

a). P=79/160=0.49375

b). P=1-79/160 =0.50625

c).P = 49/160 =0.30625

d). P=(79+87-49)/160 =0.73125

e). P=1-0.30625 =0.69375

f). No, because 15 managers are fair and some college education.

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