Suppose you and your twin decide to apply to the same lawschool. Based on the pu

Question

Suppose you and your twin decide to apply to the same lawschool. Based on the published data found on the law school's website you learn that three-fourths all applicants are accepted intothe law school in any given year. If you and your twin apply to thelaw school the same year, what is the probability you will both berejected? What is the probability you will both be accepted? Whatis the probability you will be accepted but not your twin? 1. Discuss what assumptions you will make to answer thequestions in this problem.
2. Create an Excel formula that you can use to calculate theprobabilities required for this problem.
3. Discuss what you learned from this exercise.
Suppose you and your twin decide to apply to the same lawschool. Based on the published data found on the law school's website you learn that three-fourths all applicants are accepted intothe law school in any given year. If you and your twin apply to thelaw school the same year, what is the probability you will both berejected? What is the probability you will both be accepted? Whatis the probability you will be accepted but not your twin? 1. Discuss what assumptions you will make to answer thequestions in this problem.
2. Create an Excel formula that you can use to calculate theprobabilities required for this problem.
3. Discuss what you learned from this exercise.

Explanation / Answer

All things being equal, the probability of one getting intolaw school is 0.75. The probability of them both getting inis (0.75)*(0.75), or 0.5625. The probability of them bothbeing rejected is (0.25)*(0.25), or 0.0625. The probabilitythat one will be accepted is (0.75)*(0.25), or 0.1875 -- 1. There are many assumptions in this problem. For one,you are assuming that the twins are identical in every wayacademically and socially. Law schools consider many factors,including: GPA, LSAT score, college major, extracurricularactivities, work experience, letters of reccommendation, personalessays, criminal background, etc. For this problem to be accurate, the twins would have to beidentical in every category listed above. 2. For the excel formula, you can just do something like...=(0.75)*(0.25), this just multiplies the two numbers. 3. What did you learn??

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