Exam 5: Probability: Review of Basic Concepts
Exam 1: A Preview of Business Statistics55 Questions
Exam 2: Visual Description of Data67 Questions
Exam 3: Statistical Description of Data146 Questions
Exam 4: Data Collection and Sampling Methods104 Questions
Exam 5: Probability: Review of Basic Concepts188 Questions
Exam 6: Discrete Probability Distributions140 Questions
Exam 7: Continuous Probability Distributions160 Questions
Exam 8: Sampling Distributions108 Questions
Exam 9: Estimation From Sample Data150 Questions
Exam 10: Hypothesis Tests Involving a Sample Mean or Proportion170 Questions
Exam 11: Hypothesis Tests Involving Two Sample Means149 Questions
Exam 12: Analysis of Variance Tests173 Questions
Exam 13: Chi-Square Applications134 Questions
Exam 14: Nonparametric Methods139 Questions
Exam 15: Simple Linear Regression and Correlation145 Questions
Exam 16: Multiple Regression and Correlation98 Questions
Exam 17: Model Building83 Questions
Exam 18: Models for Time Series and Forecasting127 Questions
Exam 19: Decision Theory82 Questions
Exam 20: Total Quality Management132 Questions
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The probability of a tornado hitting in your city has been estimated at 0.001.What are the corresponding odds?
The odds are ____________________ to ____________________.
(Short Answer)
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The table below gives the probabilities of combinations of religion and political parties in a major U.S.city. Religion Political parties Protestant (A) Catholic (B) Jewish (C) Other (D) Democrat (E) 0.35 0.10 0.03 0.02 Republican (F) 0.27 0.09 0.02 0.01 Independent (G) 0.05 0.03 0.02 0.01
-What is the probability that a randomly selected person would be a Democrat who was not Jewish?
(Multiple Choice)
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A survey revealed that 21.5% of the households had no checking account,66.9% had regular checking accounts,and 11.6% had NOW accounts.Of those households with no checking account 40% had savings accounts.Of the households with regular checking accounts 71.6% had a savings account.Of the households with NOW accounts 79.3% had savings accounts. The probability that a randomly selected household with a savings account has no checking account is:
(Multiple Choice)
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In a state lottery,which pays at least one million dollars,six numbers from 1 to 50 are randomly selected.If five have been selected and your ticket matches the first five,what are the odds that the sixth number will make you a millionaire?
The odds are ____________________ to ____________________.
(Short Answer)
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Overtime hours
A personnel manager is reviewing number of overtime hours worked by employees in her plant.She has compiled the following data: Number. of Overtime Hours Worked No. of Employees (Frequency) Probability P(x) 0 12 0.128 3 18 0.191 4 10 0.106 5 13 0.138 6 15 0.160 7 12 0.128 8 14 0.149 Total 94 1.000 For a randomly selected employee let X be the number of overtime hours worked,and define the following events:
A = employee who works no overtime.
B = employee who works at least 7 hours overtime.
C = employee who works at most 4 hours overtime.
-Determine the probability of event B.
(Short Answer)
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One card is randomly selected from a deck of 52 playing cards.Define the following events:
A = card selected is a five.
B = card selected is a ten.
C = card selected is a jack.
Find P(not A or not B or not C)using the addition rule.
(Short Answer)
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____________________ refer to the number of different ways in which objects can be arranged in order.
(Short Answer)
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Appliance dealer
An appliance dealer calculated the proportion of new dishwashers sold that required various numbers of service calls to correct problems during the warranty period.The records were: No. of service calls Relative frequency 0 0.25 1 0.38 2 0.30 3 0.04 4 0.03
-Let X be the number of service calls during the warranty period for a dishwasher.What is the probability that there will be at least one service call but not more than 3?
(Short Answer)
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