Exercise 6 (You Tryl) In the year 2007, Executive magazine surveyed the presidents of the 500 largest corporations in the United States. OF these 500 people, 310 had degrees (of any sort) in business, 238 had undergraduate degrees in business, and 184 had graduate degrees in business. How many presidents had both undergraduate and graduate degrees in business? Let \( U= \) undergraduate degree in Business. Let \( G= \) graduate degree in Business.
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The Deep Dive
To find the number of presidents who had both undergraduate and graduate degrees in business, we can use the principle of inclusion-exclusion. First, we know the following: - Total presidents surveyed = 500 - Presidents with undergraduate degrees in business (|U|) = 238 - Presidents with graduate degrees in business (|G|) = 184 - Presidents with any degree in business = 310 We need to find the number of presidents with both undergraduate and graduate degrees, represented as |U ∩ G|. The formula for inclusion-exclusion in this context is: \[ |U ∪ G| = |U| + |G| - |U ∩ G| \] Given that \( |U ∪ G| \) represents those who have at least an undergraduate or graduate degree in business, we can say that: \[ |U ∪ G| \leq 310 \] Thus, \[ 310 = 238 + 184 - |U ∩ G| \] Now, rearranging the equation to solve for \( |U ∩ G| \): \[ |U ∩ G| = 238 + 184 - 310 \] \[ |U ∩ G| = 422 - 310 \] \[ |U ∩ G| = 112 \] Therefore, 112 presidents had both undergraduate and graduate degrees in business.