Exam 30: Introduction to Probability
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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A hotel stocks white, cream and blue pillowcases. Currently they have 400 white, 120 cream and 80 blue pillowcases. What is the probability of picking a blue pillowcase at random (3 decimal places)?
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Correct Answer:
A
If p(E) = 0.35, which of the following options is the correct value of p()?
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Correct Answer:
D
A company its IT equipment. It notes the computers over 3 years old and those that are laptops. Which of the following statements is NOT true?
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Correct Answer:
C
A factory that fills bags of rice samples its production and found that out of 500 bags tested 350 were of the correct weight, 120 were too heavy and the remainder were too light. What is the empirical probability of a bag being too light (2 decimal places)?
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Which of the options below is the correct definition of an event set (E) that describes odd rolls of a 6-sided die?
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A shipping company has 2 sizes of box each of which is available in 2 colours. If the probability of a box being 'large' is 0.62 and the probability of a box being 'grey' is 0.34 what is the probability of the next box being 'large' and 'grey' (2 decimal places)?
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A construction firm in Oman is running two projects (A and B). The probability that A will complete on time is 0.85 and the probability that B will complete on time is 0.65. What is the chance that only one of these projects will complete on time (2 decimal places)?
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Which of the following statements about statistical experiments is NOT true?
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