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5b-Assignment of Probability Concepts

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Chandra Dwitara
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105 views6 pages

5b-Assignment of Probability Concepts

Uploaded by

Chandra Dwitara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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PROBABILITY CONCEPTS

1
Which of the following is a correct statement about a probability?

A)Probability values range from 0 to 1, inclusive.

B)Probabilities may assume negative values.

C)Probabilities may be greater than 1.

D)Probabilities are limited to one decimal place.

2
The definition of a probability is

A)A number between 0 and 1, inclusive.

B)The outcome of an experiment.

C)The likelihood that an event will happen.

D)An uncertain event.

3
An event is

A)A collection of events.

B)A collection of outcomes from an experiment.

C)Always greater than 1.

D)The act of taking a measurement or the observation of some activity.

4
Which of the following is not a type of probability?
A)Subjective

B)Independent

C)Empirical

D)Classical

5
Two events are not independent if

A)One event affects the likelihood of another event's occurrence.

B)The sum of their probabilities is greater than 1.

C)We can count the possible outcomes.

The probability of one event happening does not affect the probability of another event
D)happening.

6
The Special Rule of Addition is used to compute

A)The probability of two or more independent events.

B)The probability of two or more mutually exclusive events

C)The probability of collectively exhaustive events.

D)Subjective probabilities

7
The General Rule of Addition is used to compute

A)The probability of two or more independent events.

B)The probability of collectively exhaustive events.


C)The probability of two events that are not mutually exclusive.

D)Subjective probabilities

8
The joint probability of two mutually exclusive events is

A)Zero.

B)One.

C)0.50.

D)The sum of the probabilities of both events.

9
The General Rule of Multiplication is used to compute

A)The probability of two or more dependent events.

B)The probability of two or more independent events.

C)The probability of two or more mutually exclusive events.

D)Subjective probabilities

10
When we find the probability of an event by subtracting the probability of the event not
happening from 1, we are using

A)Subjective probability

B)The complement rule.

C)The general rule of addition.

D)The special rule of multiplication


11
The difference between a permutation and a combination is:

A)In a permutation order is important and in a combination it is not.

B)In a permutation order is not important and in a combination it is important.

C)A combination is based on the classical definition of probability.

D)A permutation is based on the classical definition of probability.

12
Bayes Theorem is used to

A)Compute prior probabilities.

B)Test for independence of two outcomes.

C)Compute posterior probabilities based on additional information.

D)Compute probabilities for mutually exclusive events.

13
Data were collected on 100 students regarding their class and major. The data are
summarized in the following contingency table.

What is the probability of randomly selecting a sophomore or an undeclared student?

A)0.19

B)0.59

C)0.40

D)0.29
14
Data were collected on 100 students regarding their class and major. The data are
summarized in the following contingency table.

What is the probability of randomly selecting an undeclared student who is a senior?

A)0.43

B)0.30

C)0.73

D)0.14

15 A survey of 34 students at the Wall College of Business showed the following majors:

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


a. What is the probability he or she is a management major?
b. Which concept of probability did you use to make this estimate?

16 A study of 200 advertising firms revealed their income after taxes:

a. What is the probability an advertising firm selected at random has under $1 million in
income after taxes?
b. What is the probability an advertising firm selected at random has either an income
between $1 million and $20 million, or an income of $20 million or more? What rule of
probability was applied?

17 Refer to the following table.


a. Determine P(A1).
b. Determine P(B1 | A2).
c. Determine P(B2 and A3).

18 Winning all three “Triple Crown” races is considered the greatest feat of a pedigree racehorse.
After a successful Kentucky Derby, Big Brown is a 1 to 2 favorite to win the Preakness Stakes.
a. If he is a 1 to 2 favorite to win the Belmont Stakes as well, what is his probability of
winning the Triple Crown?
b. What do his chances for the Preakness Stakes have to be in order for him to be “even
money” to earn the Triple Crown?

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