Exam 2: Introduction to Probability
Exam 1: Introduction61 Questions
Exam 2: Introduction to Probability66 Questions
Exam 3: Probability Distributions66 Questions
Exam 4: Decision Analysis64 Questions
Exam 5: Utility and Game Theory67 Questions
Exam 6: Times Series Analysis and Forecasting63 Questions
Exam 7: Introduction to Linear Programming60 Questions
Exam 8: Linear Programming: Sensitivity Analysis and Interpretation of Solution64 Questions
Exam 9: Linear Programming Applications in Marketing, Finance, and Operations Management60 Questions
Exam 10: Distribution and Network Models67 Questions
Exam 11: Integer Linear Programming61 Questions
Exam 12: Advanced Optimization Applications56 Questions
Exam 13: Project Scheduling: Pertcpm66 Questions
Exam 14: Inventory Models66 Questions
Exam 15: Waiting Line Models62 Questions
Exam 16: Simulation62 Questions
Exam 17: Markov Processes55 Questions
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A mail order company tracks the number of returns it receives each day.Information for the last 50 days shows Number of returns Number of days 0-99 6 100-199 20 200-299 15 300 or more 9
a.How many sample points are there?
b.List and assign probabilities to sample points.
c.What procedure was used to assign these probabilities?
(Essay)
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An automobile dealership is waiting to take delivery of nine new cars.Today,anywhere from zero to all nine cars might be delivered.It is appropriate to use the classical method to assign a probability of 1/10 to each of the possible numbers that could be delivered.
(True/False)
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A method of assigning probabilities based upon judgment is referred to as the
(Multiple Choice)
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In a recent survey in a Statistics class,it was determined that only 60% of the students attend class on Fridays.From past data it was noted that 98% of those who went to class on Fridays pass the course,while only 20% of those who did not go to class on Fridays passed the course.
a. What percentage of students is expected to pass the course?
b. Given that a person passes the course, what is the probability that he/she attended classes on Fridays?
(Short Answer)
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Which of the following is not a proper sample space when all undergraduates at a university are considered?
(Multiple Choice)
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If A and B are independent events with P(A)= 0.1 and P(B)= 0.5,then P(A B)= .6.
(True/False)
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Bayes' theorem provides a way to transform prior probabilities into posterior probabilities.
(True/False)
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A method of assigning probabilities that assumes the experimental outcomes are equally likely is referred to as the
(Multiple Choice)
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A medical research project examined the relationship between a subject's weight and recovery time from a surgical procedure,as shown in the table below. Underweight Normal weight Overweight Less than 3 days 6 15 3 3 to 7 days 30 95 20 Over 7 days 14 40 27
a.Use relative frequency to develop a joint probability table to show the marginal probabilities.
b.What is the probability a patient will recover in fewer than 3 days?
c.Given that recovery takes over 7 days, what is the probability the patient is overweight?
(Essay)
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Super Cola sales breakdown as 80% regular soda and 20% diet soda.While 60% of the regular soda is purchased by men,only 30% of the diet soda is purchased by men.If a woman purchases Super Cola,what is the probability that it is a diet soda?
(Short Answer)
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It is estimated that 3% of the athletes competing in a large tournament are users of an illegal drug to enhance performance.The test for this drug is 90% accurate.What is the probability that an athlete who tests positive is actually a user?
(Short Answer)
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In the set of all past due accounts,let the event A mean the account is between 31 and 60 days past due and the event B mean the account is that of a new customer.The complement of A is
(Multiple Choice)
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Revised probabilities of events based on additional information are
(Multiple Choice)
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