The probability that a university graduate will be offered no jobs within a month of graduation is estimated to be 6%. The probability of receiving one, two, and three job offers has similarly been estimated to be 41%, 26%, and 27%, respectively. Determine the following probabilities: A. P(A graduate is offered fewer than two jobs) = B. P(A graduate is offered more than one job) =

At a company, the employees were surveyed and classified according to their level of education and whether they smoked or not. The data are shown in the table.   High school graduate College graduate Smoke 09 19 Do not Smoke 17 25 If an employee is selected at random, find the following probabilities. (Round your answers to three decimal places) a. Employee smokes and is a college graduate.  b. Employee smokes or is a college graduate.  c. Employee smokes, given that he or she graduated from college.  d. Employee is a college graduate, given that he or she smokes.

The proprietor of Midland Construction Company has to decide between two projects. He estimates that the first project will yield a profit of $180,000 with a probability of 0.7 or a profit of $130,000 with a probability of 0.3; the second project will yield a profit of $220,000 with a probability of 0.7 or a profit of $80,000 with a probability of 0.3.Find the expected profit for each project.  first project $  second project      $

A rice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice harvested is heavily dependent upon the amount of rainfall during the growing season. The tables below show probabilities and prices for wet, dry, and normal growing seasons. Rice is sold in tons.   PROBABILITIES Wet Dry Normal Thailand 0.5 0.2 0.3 Vietnam 0.6 0.3 0.1 China 0.4 0.4 0.2     Price per Pound ($) Wet Dry Normal Thailand 0.95 1.10 1.00 Vietnam 0.85 1.20 0.98 China 0.90 1.15 1.05 Which country offers the best rice price?