Grantham University Statistics Worksheet
Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.
For the last several weeks, you have been working with this scenario:
ABC Enterprises is a company in which employees must frequently travel for business meetings with clients inside their city limits. Currently, each employee is allotted 40 dollars each day to cover meals while on the road. They are reimbursed for gas and other expenses in a separate budget, so the 40 dollars is only for meals. Employees have complained that this amount is not enough, especially if they had several meetings per day, and HR wanted to investigate. A survey was given to get recommendations for a new daily meal allotment. Although not all responded, 49% of employess did.
Open the spreadsheet. There is more data now.
Weekly Assignment Spreadsheet February fulljk.xlsx
Answer these questions and explain what you did to solve each one. (include your calculations.)
If one survey response was randomly selected, what is the probability that it was given by someone over 39 years of age?
If two responses were randomly selected, one at a time, without replacement, what is the probability that both were given by a male?
What is the probability that a selection was over 55 dollars, given that it was a response from a female?
Search the internet for an article published in the last 18 months on how businesses use probability. Provide the title, author, and the URL. Provide a four-sentence summary of how probability is used in business. Cite your source in APA format.
Recommended Amount
150
40
40
50
160
55
55
50
55
60
70
55
50
40
55
60
50
55
140
75
90
50
125
55
45
60
55
55
55
65
45
50
50
55
65
55
55
55
50
50
100
70
55
75
75
55
Male/Female
M
M
F
F
F
F
F
M
F
F
F
M
M
M
F
M
M
F
F
F
M
M
M
F
F
F
M
M
M
F
F
M
F
F
F
M
F
F
F
M
F
M
F
F
F
F
Age
20
21
24
22
37
33
23
29
31
25
40
42
32
26
30
34
27
31
44
30
29
31
29
28
37
22
46
27
37
55
25
44
27
47
25
33
41
44
25
51
35
38
25
29
35
24
50
55
90
55
60
70
50
90
100
90
75
80
70
50
80
50
55
40
M
F
F
M
M
F
F
F
M
F
F
M
F
F
F
F
M
M
41
61
22
37
29
40
33
23
48
44
33
51
57
60
63
52
67
55
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