Students taking the Postgraduate Admissions Test (GMAT) are asked about their undergraduate major them and their plans for an MBA, whether they are full-time students or part time. The following is a summary of their responses
a. Develop a shared probability table for this data.
b. Use the marginal probability of an undergraduate major (business, engineering, or other) for comment on which undergraduate majors produce the most MBA students potential.
c. If a student intends to take a full-time class to achieve an MBA degree, what are the chances that the student is majoring in engineering?
d. If a student is an undergraduate majoring in business, what are the chances that that student intend to take classes full-time to earn a degree MBA?
e. Let A be the occurrence that the student intends to take the class full-time to earn an MBA, and suppose B shows the incidence that the student is student majoring in business. Are events A and B independent? Explain your answer.
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