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A survey of 37 students at the Wall College of Business showed the following majors: Accounting 9 Finance 6 Economics 3 Management 10 Marketing 9 picture Click here for the Excel Data File From the 37 students, suppose you randomly select a student. What is the probability he or she is a management major? (Round your answer to 3 decimal places.) Which concept of probability did you use to make this estimate?

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Answer:

10/37.

Step-by-step explanation:

The probability that he or she is a management major is 10/37.

The concept of probability that was used was:

Classical probability: The probability is equal to (number of favourable cases) / (number of total cases). Since the total of students who are a management major is 10 and we have 37 students in total, the probability will be 10/37.

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