document.write( "Question 1153473: A business graduate wants to get a job in any one of the top 10 accounting firms. Applying to any of these companies requires a lot of effort and paperwork and is therefore costly. She estimates the cost of applying to each of the 10 companies and the probability of getting a job offer there. These data are tabulated below. The tabulation is in the decreasing order of cost
\n" ); document.write( "Company 1 2 3 4 5 6 7 8 9 10
\n" ); document.write( "Cost (S) 870 600 540 500 400 320 300 230 200 170
\n" ); document.write( "Probability 0.38 0.35 0.28 0.20 0.18 0.18 0.17 0.14 0.14 0.08
\n" ); document.write( "a) If the graduate applies to all 10 companies, what is the probability that she will get
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\n" ); document.write( "b) If she applies to companies 2. 5. 8. and 9, what is the total cost?
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Algebra.Com's Answer #775696 by ikleyn(52781) $\"\"$ $\"About$

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document.write( "(a)  The probability that she will NOT get any offer is\r\n" );
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document.write( "     P = (1-0.38)*(1-0.35)*(1-0.28)*(1-0.2)*(1-0.18)*(1-0.18)*(1-0.17)*(1-0.14)*(1-0.14)*(1-0.08) = 0.088149.\r\n" );
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document.write( "     The probability that she will get at least one offer is the COMPLEMENT to it\r\n" );
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document.write( "     P' = 1 - 0.088149 = 0.911851.      ANSWER\r\n" );
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document.write( "(b)  Question (b) does relate NEITHER to Algebra NOR to the Probability theory.\r\n" );
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document.write( "     It relates to Arithmetic.\r\n" );
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document.write( "     To answer this question, simply add the respective costs.\r\n" );
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