1.

A survey of 39 students at the Wall College of Business showed the following majors:
Accounting

Finance

Economics

Managemen
t
Marketing

11

Suppose you select a student and observe his or her major.

(a) What is the probability he or she is a management major? (Round your answer to 3
decimal places.)
Probability

.231 0.005

(b) Which concept of probability did you use to make this estimate?
Probability

Empirical

Explanation:

a. .231, found by 9/39

2.

In each of the following cases, indicate whether classical, empirical, or subjective probability is
used.

(a)
A baseball player gets a hit in 42 out of 52 times at bat. The probability is .81 that he gets a
hit in his next at bat.
Empirical
(b)
A nine-member committee of students is formed to study environmental issues. What is the
likelihood that any one of the nine is chosen as the spokesperson?
Classical
(c)
You purchase one of 16 million tickets sold for Lotto Canada. What is the likelihood you
win the $4 million jackpot?
Classical
(d) The probability of an earthquake in northern California in the next 14 years is .77.
Empirical

A sample of 43 oil industry executives was selected to test a questionnaire. One question about
environmental issues required a yes or no answer.

3.

Which of the following are possible events. (Select all that apply.)

41 people respond "Yes."

39 people respond "Yes."

24 people respond "No."

47 people respond "No."
The questionnaire fails to reach one executive.

eBook Linkreferences
4.

Twelve of the 43 executives responded Yes. Based on these sample responses, what is the
probability that an oil industry executive will respond Yes? (Round your answer to 2
decimal places.)
Probability

.28

5.

What concept of probability does this illustrate?

Empirical
6.

Are each of the possible outcomes equally likely and mutually exclusive?
The events are not equally likely but are mutually exclusive.

7.

The events

(a)

and

are mutually exclusive. Suppose

What is the probability of either

places.)

Probability of either

or

(b) What is the probability that neither

decimal places.)
Probability of neither

nor

or

and

occuring? (Round your answer to 2 decimal

.69

nor

will happen? (Round your answer to 2

.31

8.

A student is taking two courses, history and math. The probability the student will pass the
history course is .54, and the probability of passing the math course is .73. The probability of
passing both is .48.
What is the probability of passing at least one? (Round your answer to 2 decimal places.)
Probability

.79

9. All Seasons Plumbing has two service trucks that frequently need repair. If the probability the
first truck is available is .70, the probability the second truck is available is .57, and the
probability that both trucks are available is .43:
What is the probability neither truck is available? (Round your answer to 2 decimal places.)
Probability

.16 0.01

Explanation:

.16, found by (1 .84)

10.

Refer to the following table.

Second Event
B1
B2
Total

First Event
A1
A2
A3
4
4
8
5
6
7
9
10
15

Total
16
18
34

(a) Determine P(A3). (Round your answer to 2 decimal places.)

P(A3) =

.44 0.01

(b) Determine P(B1|A3). (Round your answer to 2 decimal places.)

P(B1|A3) =

.53 0.01

(c) Determine P(B1 and A2). (Round your answer to 2 decimal places.)
P(B1 and A2)
=

.12 0.01

Explanation:

a. P(A3) = 15/34 = .44

b. P(B1|A3) = 8/15 = .53
c. P(B1 and A2) = 4/34 = .12
11.

The credit department of Lions Department Store in Anaheim, California, reported that 30
percent of their sales are cash or check, 28 percent are paid with a credit card, and 42 percent
with a debit card. Twenty percent of the cash or check purchases, 90 percent of the credit card
purchases, and 50 percent of the debit card purchases are for more than $50.

Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability she paid
cash or check? (Round your answer to 3 decimal places.)

Probability

.115 0.005

Explanation:

0, found by:

12.

Solve the following:

(a)
870

(b)
P =

10 6

151,200

(c)
C5 =

126

Explanation:

b. 151,200, found by (10)(9)(8)(7)

c. 126, found by 9!/9!-4!
13.

An overnight express company must include eleven cities on its route. How many different
routes are possible, assuming that it matters in which order the cities are included in the routing?
Number of different routes

39,916,800

Explanation:

39,916,800, found by 11!

14.

Assume there are 23 homes in the Quail Creek area and 8 of them have a security system.Six
homes are selected at random:
(a) What is the probability all six of the selected homes have a security system? (Round your
answer to 4 decimal places.)
Probability

.0003 0.05

(b)
What is the probability none of the six selected homes have a security system? (Round your

answer to 4 decimal places.)

Probability

.0496 0.05

(c)
What is the probability at least one of the selected homes has a security system? (Round
your answer to 4 decimal places.)

Probability

.9504 0.05

(d) Are the events dependent or independent?

Dependent
.
Explanation:

a. .0003, found by (8/23)(7/22)(6/21)(5/20)(4/19)(3/18)))

b. .0496, found by (15/23)(14/22)(13/21)(12/20)(11/19)(10/18))
c. .9504, found by 1 .050
15.

A recent survey reported in BusinessWeek dealt with the salaries of CEOs at large corporations
and whether company shareholders made money or lost money.

Shareholders made money

Shareholders lost money
Total

CEO Paid CEO Paid

More Than Less Than
$1 Million $1 Million
5
11
8
6
13
17

Total
16
14
30

If a company is randomly selected from the list of 30 studied, calculate the probabilities for the

following :
(a) The CEO made more than $1 million. (Round your answers to 3 decimal places.)
Probability

.433 0.005

(b)
The CEO made more than $1 million or the shareholders lost money. (Round your answers
to 3 decimal places.)

Probability

.633 0.005

(c)
The CEO made more than $1 million given the shareholders lost money. (Round your
answers to 3 decimal places.)

Probability

.571 0.005

(d)
Select 2 CEOs and find that they both made more than $1 million. (Round your answers to
3 decimal places.)

Probability

.179 0.005

Explanation:

a. .433, found by 13/30

b. .633, found by (13 + 14 - 8)/30
c. .571, found by 8/14
d. .179, found by (13/30)*(12/29)