Question 1

When assigning subjective probabilities,use experience,intuition,and any available data.

Accepted Answer

A) True 
 B)False  True

Question 2

When the results of experimentation or historical data are used to assign probability values,the method used to assign probabilities is referred to as the

Accepted Answer

A) relative frequency method 
B) subjective method 
C) classical method 
D) posterior method 
A) relative frequency method 
B) subjective method 
C) classical method 
D) posterior method A

Question 3

Revised probabilities of events based on additional information are

Accepted Answer

A) joint probabilities 
B) posterior probabilities 
C) marginal probabilities 
D) complementary probabilities 
A) joint probabilities 
B) posterior probabilities 
C) marginal probabilities 
D) complementary probabilities B

Question 4

Three applications for admission to a local university are checked to determine whether each applicant is male or female.The number of sample points in this experiment is

Accepted Answer

A) 2 
B) 4 
C) 6 
D) 8 
A) 2 
B) 4 
C) 6 
D) 8

Question 5

Draw a Venn diagram and label appropriately to show events A,B,their complements,intersection,and union.
​

Accepted Answer

To create a Venn diagram to show events

Question 6

If 50 of 250 people contacted make a donation to the city symphony,then the relative frequency method assigns a probability of .2 to the outcome of making a donation.

Accepted Answer

A) True 
 B)False

Question 7

A list of all possible outcomes of an experiment is called

Accepted Answer

A) the sample space. 
B) the sample point. 
C) the experimental outcome. 
D) the likelihood set. 
A) the sample space. 
B) the sample point. 
C) the experimental outcome. 
D) the likelihood set.

Question 8

The intersection of A and Ac is the entire sample space.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) all new customers. 
B) all accounts fewer than 31 or more than 60 days past due. 
C) all accounts from new customers and all accounts that are from 31 to 60 days past due. 
D) all new customers whose accounts are between 31 and 60 days past due. 
A) all new customers. 
B) all accounts fewer than 31 or more than 60 days past due. 
C) all accounts from new customers and all accounts that are from 31 to 60 days past due. 
D) all new customers whose accounts are between 31 and 60 days past due.

Question 10

The probability of at least one head in two flips of a coin is

Accepted Answer

A) 0.33 
B) 0.50 
C) 0.75 
D) 1.00 
A) 0.33 
B) 0.50 
C) 0.75 
D) 1.00

Question 11

Events A and B are mutually exclusive.Which of the following statements is also true?​

Accepted Answer

A) ​A and B are also independent 
B) ​P(A Y 
B) = P(
A) P(
B)  
C) ​P(A Y 
B) = P(
A) + P(
B)  
D) ​P(A ∩ 
B) = P(
A) + P(
B)  
A) ​A and B are also independent 
B) ​P(A Y 
B) = P(
A) P(
B)  
C) ​P(A Y 
B) = P(
A) + P(
B)  
D) ​P(A ∩ 
B) = P(
A) + P(
B)

Question 12

An experiment consists of four outcomes with P(E1)= 0.2,P(E2)= 0.3,and P(E3)= 0.4.The probability of outcome E4 is

Accepted Answer

A) 0.500 
B) 0.024 
C) 0.100 
D) 0.900 
A) 0.500 
B) 0.024 
C) 0.100 
D) 0.900

Question 13

Which of the following statements is(are)always true?

Accepted Answer

A) -1 ≤ P(Ei)≤ 1 
B) P(
A) = 1 − P(Ac) 
C) P(
A) + P(
B) = 1 
D) both P(
A) = 1 − P(Ac)and P(
A) + P(
B) = 1 
A) -1 ≤ P(Ei)≤ 1 
B) P(
A) = 1 − P(Ac) 
C) P(
A) + P(
B) = 1 
D) both P(
A) = 1 − P(Ac)and P(
A) + P(
B) = 1

Question 14

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 intersection of A and B is

Accepted Answer

A) all new customers. 
B) all accounts fewer than 31 or more than 60 days past due. 
C) all accounts from new customers and all accounts that are from 31 to 60 days past due. 
D) all new customers whose accounts are between 31 and 60 days past due. 
A) all new customers. 
B) all accounts fewer than 31 or more than 60 days past due. 
C) all accounts from new customers and all accounts that are from 31 to 60 days past due. 
D) all new customers whose accounts are between 31 and 60 days past due.

Question 15

Of the last 100 customers entering a computer shop,25 have purchased a computer.If the classical method for computing probability is used,the probability that the next customer will purchase a computer is

Accepted Answer

A) 0.25 
B) 0.50 
C) 0.75 
D) 1.00 
A) 0.25 
B) 0.50 
C) 0.75 
D) 1.00

Question 16

Which of the following is not a proper sample space when all undergraduates at a university are considered?

Accepted Answer

A) S = {in-state,out-of-state} 
B) S = {freshmen,sophomores} 
C) S = {age under 21,age 21 or over} 
D) S = {a major within business,no business major} 
A) S = {in-state,out-of-state} 
B) S = {freshmen,sophomores} 
C) S = {age under 21,age 21 or over} 
D) S = {a major within business,no business major}

Question 17

Compare these two descriptions of probability: 1)a measure of the degree of uncertainty associated with an event,and 2)a measure of your degree of belief that an event will happen.
​

Accepted Answer

The first description of probability as

Question 18

A method of assigning probabilities that assumes the experimental outcomes are equally likely is referred to as the

Accepted Answer

A) objective method 
B) classical method 
C) subjective method 
D) experimental method 
A) objective method 
B) classical method 
C) subjective method 
D) experimental method

Question 19

The range of probability is

Accepted Answer

A) any value larger than zero 
B) any value between minus infinity to plus infinity 
C) zero to one 
D) any value between -1 to 1 
A) any value larger than zero 
B) any value between minus infinity to plus infinity 
C) zero to one 
D) any value between -1 to 1

Question 20

A graphical device used for enumerating sample points in a multiple-step experiment is a

Accepted Answer

A) bar chart 
B) pie chart 
C) histogram 
D) None of the other answers is correct. 
A) bar chart 
B) pie chart 
C) histogram 
D) None of the other answers is correct.

When assigning subjective probabilities,use experience,intuition,and any available data.

When the results of experimentation or historical data are used to assign probability values,the method used to assign probabilities is referred to as the

Revised probabilities of events based on additional information are

Three applications for admission to a local university are checked to determine whether each applicant is male or female.The number of sample points in this experiment is

Draw a Venn diagram and label appropriately to show events A,B,their complements,intersection,and union.

If 50 of 250 people contacted make a donation to the city symphony,then the relative frequency method assigns a probability of .2 to the outcome of making a donation.

A list of all possible outcomes of an experiment is called

The intersection of A and A^c is the entire sample space.

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

The probability of at least one head in two flips of a coin is

Events A and B are mutually exclusive.Which of the following statements is also true?

An experiment consists of four outcomes with P(E₁)= 0.2,P(E₂)= 0.3,and P(E₃)= 0.4.The probability of outcome E₄ is

Which of the following statements is(are)always true?

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 intersection of A and B is

Of the last 100 customers entering a computer shop,25 have purchased a computer.If the classical method for computing probability is used,the probability that the next customer will purchase a computer is

Which of the following is not a proper sample space when all undergraduates at a university are considered?

Compare these two descriptions of probability: 1)a measure of the degree of uncertainty associated with an event,and 2)a measure of your degree of belief that an event will happen.

A method of assigning probabilities that assumes the experimental outcomes are equally likely is referred to as the

The range of probability is

A graphical device used for enumerating sample points in a multiple-step experiment is a

Introduction

Probability Distributions

Decision Analysis

Utility Game Theory

Time Series Analysis Forecasting

Intro to Linear Programming

LP Sensitivity Analysis

LP Applications

Distribution Network Models

Integer Linear Programming

Advanced Optimization Applications

Project Scheduling

Inventory Models

Waiting Line Models

Simulation

Markov Processes

Filters

Exam 2: Introduction to Probability

When assigning subjective probabilities,use experience,intuition,and any available data.

When the results of experimentation or historical data are used to assign probability values,the method used to assign probabilities is referred to as the

Revised probabilities of events based on additional information are

Three applications for admission to a local university are checked to determine whether each applicant is male or female.The number of sample points in this experiment is

Draw a Venn diagram and label appropriately to show events A,B,their complements,intersection,and union. ​

If 50 of 250 people contacted make a donation to the city symphony,then the relative frequency method assigns a probability of .2 to the outcome of making a donation.

A list of all possible outcomes of an experiment is called

The intersection of A and Ac is the entire sample space.

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

The probability of at least one head in two flips of a coin is

Events A and B are mutually exclusive.Which of the following statements is also true?​

An experiment consists of four outcomes with P(E1)= 0.2,P(E2)= 0.3,and P(E3)= 0.4.The probability of outcome E4 is

Which of the following statements is(are)always true?

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 intersection of A and B is

Of the last 100 customers entering a computer shop,25 have purchased a computer.If the classical method for computing probability is used,the probability that the next customer will purchase a computer is

Which of the following is not a proper sample space when all undergraduates at a university are considered?

Compare these two descriptions of probability: 1)a measure of the degree of uncertainty associated with an event,and 2)a measure of your degree of belief that an event will happen. ​

A method of assigning probabilities that assumes the experimental outcomes are equally likely is referred to as the

The range of probability is

A graphical device used for enumerating sample points in a multiple-step experiment is a

Introduction

Probability Distributions

Decision Analysis

Utility Game Theory

Time Series Analysis Forecasting

Intro to Linear Programming

LP Sensitivity Analysis

LP Applications

Distribution Network Models

Integer Linear Programming

Advanced Optimization Applications

Project Scheduling

Inventory Models

Waiting Line Models

Simulation

Markov Processes

Filters

Draw a Venn diagram and label appropriately to show events A,B,their complements,intersection,and union.

The intersection of A and A^c is the entire sample space.

Events A and B are mutually exclusive.Which of the following statements is also true?

An experiment consists of four outcomes with P(E₁)= 0.2,P(E₂)= 0.3,and P(E₃)= 0.4.The probability of outcome E₄ is

Compare these two descriptions of probability: 1)a measure of the degree of uncertainty associated with an event,and 2)a measure of your degree of belief that an event will happen.