Question 1

Give an example of a joint event.

Accepted Answer

Since joint events specify two criteria

Question 2

What is the probability that none of the oil wells will be successful?

Accepted Answer

The answer of What is the probability that none of...

Question 3

Which of the following best describes the concept of marginal probability?

Accepted Answer

A) It is a measure of the likelihood that a particular event will occur,regardless of whether another event occurs. 
B) It is a measure of the likelihood that a particular event will occur,given that another event has already occurred. 
C) It is a measure of the likelihood of the simultaneous occurrence of two or more events. 
D) None of the above. 
A) It is a measure of the likelihood that a particular event will occur,regardless of whether another event occurs. 
B) It is a measure of the likelihood that a particular event will occur,given that another event has already occurred. 
C) It is a measure of the likelihood of the simultaneous occurrence of two or more events. 
D) None of the above.

Question 4

Give an example of a simple event.

Accepted Answer

Since simple events have only

Question 5

If two events are mutually exclusive,what is the probability that both occur at the same time?

Accepted Answer

A) 0.00 
B) 0.50 
C) 1.00 
D) Cannot be determined from the information given. 
A) 0.00 
B) 0.50 
C) 1.00 
D) Cannot be determined from the information given.

Question 6

The formal way to revise probabilities based on new information is to use:

Accepted Answer

A) complementary probabilities 
B) conditional probabilities 
C) unilateral probabilities 
D) common sense probabilities 
A) complementary probabilities 
B) conditional probabilities 
C) unilateral probabilities 
D) common sense probabilities

Question 7

If two events are mutually exclusive,what is the probability that one or the other occurs?

Accepted Answer

A) 0.25 
B) 0.50 
C) 1.00 
D) Cannot be determined from the information given. 
A) 0.25 
B) 0.50 
C) 1.00 
D) Cannot be determined from the information given.

Question 8

Determine the marginal probability distribution of   .

Accepted Answer

P( @#IMG-DLM& = 0 )= 0.190,P(

Question 9

What is the probability that a respondent chosen at random enjoys or does not enjoy shopping for clothing?

Accepted Answer

P(enjoys or does not

Question 10

Given that no brand 2 bats are sold on a given day,what is the probability of observing the sale of at least one brand 1 bicycle at this sporting goods store?

Accepted Answer

This is P( @#IMG-DLM& ³ 1 | @#IMG-DLM& = 0),which

Question 11

What is the probability a randomly selected patron prefers wine?

Accepted Answer

The answer of What is the probability a randomly selected...

Question 12

What is the probability that the demand of this product exceed 2500 units in the upcoming quarter,given that its price will be less than $30?

Accepted Answer

P(D > 2500|P<30)=(.0

Question 13

There are two types of random variables,they are

Accepted Answer

A) discrete and continuous 
B) exhaustive and mutually exclusive 
C) complementary and cumulative 
D) real and unreal 
A) discrete and continuous 
B) exhaustive and mutually exclusive 
C) complementary and cumulative 
D) real and unreal

Question 14

Suppose a randomly selected patron is a female.What is the probability that the patron prefers wine?

Accepted Answer

The answer of Suppose a randomly selected patron is a...

Question 15

Find the probability distribution of X.

Accepted Answer

The answer of Find the probability distribution of X....

Question 16

Suppose A and B are mutually exclusive events where P(A)= 0.3 and P(B)= 0.4,then P(A and B)= 0.12.

Accepted Answer

A) True 
 B)False

Question 17

What is the probability a randomly selected patron is a female who prefers wine?

Accepted Answer

The answer of What is the probability a randomly selected...

Question 18

Two events are said to be independent when knowledge of one event is of no value when assessing the probability of the other.

Accepted Answer

A) True 
 B)False

Question 19

If A and B are mutually exclusive events with P(A)= 0.70,then P(B):

Accepted Answer

A) can be any value between 0 and 1 
B) can be any value between 0 and 0.70 
C) cannot be larger than 0.30 
D) Cannot be determined with the information given 
A) can be any value between 0 and 1 
B) can be any value between 0 and 0.70 
C) cannot be larger than 0.30 
D) Cannot be determined with the information given

Question 20

What is the probability that a respondent chosen at random enjoys shopping for clothing?

Accepted Answer

P(enjoys s

Give an example of a joint event.

What is the probability that none of the oil wells will be successful?

Which of the following best describes the concept of marginal probability?

Give an example of a simple event.

If two events are mutually exclusive,what is the probability that both occur at the same time?

The formal way to revise probabilities based on new information is to use:

If two events are mutually exclusive,what is the probability that one or the other occurs?

Determine the marginal probability distribution of .

What is the probability that a respondent chosen at random enjoys or does not enjoy shopping for clothing?

Given that no brand 2 bats are sold on a given day,what is the probability of observing the sale of at least one brand 1 bicycle at this sporting goods store?

What is the probability a randomly selected patron prefers wine?

What is the probability that the demand of this product exceed 2500 units in the upcoming quarter,given that its price will be less than $30?

There are two types of random variables,they are

Suppose a randomly selected patron is a female.What is the probability that the patron prefers wine?

Find the probability distribution of X.

Suppose A and B are mutually exclusive events where P(A)= 0.3 and P(B)= 0.4,then P(A and B)= 0.12.

What is the probability a randomly selected patron is a female who prefers wine?

Two events are said to be independent when knowledge of one event is of no value when assessing the probability of the other.

If A and B are mutually exclusive events with P(A)= 0.70,then P(B):

What is the probability that a respondent chosen at random enjoys shopping for clothing?

Introduction to Data Analysis and Decision Making

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, binomial, poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Modeling: Applications

Introduction to Simulation Modeling

Simulation Models

Filters

Exam 4: Probability and Probability Distributions

Give an example of a joint event.

What is the probability that none of the oil wells will be successful?

Which of the following best describes the concept of marginal probability?

Give an example of a simple event.

If two events are mutually exclusive,what is the probability that both occur at the same time?

The formal way to revise probabilities based on new information is to use:

If two events are mutually exclusive,what is the probability that one or the other occurs?

Determine the marginal probability distribution of .

What is the probability that a respondent chosen at random enjoys or does not enjoy shopping for clothing?

Given that no brand 2 bats are sold on a given day,what is the probability of observing the sale of at least one brand 1 bicycle at this sporting goods store?

What is the probability a randomly selected patron prefers wine?

What is the probability that the demand of this product exceed 2500 units in the upcoming quarter,given that its price will be less than $30?

There are two types of random variables,they are

Suppose a randomly selected patron is a female.What is the probability that the patron prefers wine?

Find the probability distribution of X.

Suppose A and B are mutually exclusive events where P(A)= 0.3 and P(B)= 0.4,then P(A and B)= 0.12.

What is the probability a randomly selected patron is a female who prefers wine?

Two events are said to be independent when knowledge of one event is of no value when assessing the probability of the other.

If A and B are mutually exclusive events with P(A)= 0.70,then P(B):

What is the probability that a respondent chosen at random enjoys shopping for clothing?

Introduction to Data Analysis and Decision Making

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, binomial, poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Modeling: Applications

Introduction to Simulation Modeling

Simulation Models

Filters