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Statistics for Business and Economics Study Set 5
Exam 4: Describing Data: Displaying and Exploring Pata
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Question 121
Multiple Choice
A survey of 500 top Canadian companies reported what the companies' hiring outlook was for the Next 18 months as well as the general company outlook for the economy over the same period of Time.
Given that a randomly selected company plans to add jobs during the next 18 months, what is the Probability that they have an unfavourable outlook for the economy?
Question 122
Multiple Choice
(i. A particular result of an experiment is called a(n) outcome. (ii. When the occurrence of one event does not affect the occurrence of the other event, the two Events are independent. (iii) If the order of a set of objects is important, it is called combination.
Question 123
Multiple Choice
(i. A new computer game has been developed and its market potential is to be tested by 80 veteran Game players. If sixty players liked the game, the probability that veteran game players will like the New computer game is 3/4 or 0.75. (ii. A probability that is based on someone's opinion, guess or hunch is subjective. (iii) The probability that a one-spot or a two-spot or a six-spot will appear face up on the throw of One die is 1/2 or 0.5.
Question 124
Multiple Choice
Considering the chart below, what is the probability that if you select one person at random that They committed a nonviolent crime, given that they were under 20 years of age?
Question 125
Multiple Choice
A group of employees of Unique Services is to be surveyed with respect to a new pension plan. In- Depth interviews are to be conducted with each employee selected in the sample. The employees Are classified as follows.
What is the probability that the first person selected is either in maintenance or in secretarial?
Question 126
Multiple Choice
Type of Attack
If two different subjects are randomly selected, find the probability that they were both robbed.
Question 127
Multiple Choice
According to which classification or type of probability are the events equally likely?
Question 128
Multiple Choice
Information on the 30 Major League Baseball teams for the 2013 season has been summarized Based on game attendance. What is the probability that if a team is selected at random, it had a Winning season?
Question 129
Multiple Choice
If two events are independent, then their joint probability is
Question 130
Multiple Choice
Six basic colours are to be used in decorating a new condominium. They are to be applied to a unit In groups of four colours. One unit might have gold as the principal colour, blue as a complementary Colour, red as the accent colour and touches of white. Another unit might have blue as the principal Colour, white as the complimentary colour, gold as the accent colour and touches of red. If Repetitions are permitted, how many different units can be decorated?
Question 131
Multiple Choice
The following distribution table represents preferences for two types of cereals by 2000 boys and Girls.
Find the probability that an individual selected at random will be a boy and prefer Fruity cereal.
Question 132
Multiple Choice
Type of Attack
If one person is randomly selected, find the probability that they were victimized by a stranger.
Question 133
Multiple Choice
A study was done of the 377 vehicles parked in the college parking lot last Friday. The results Follow.
What is the probability of finding a sports car, given that you are looking for a red car?
Question 134
Multiple Choice
Each salesperson in a large department store chain is rated with respect to sales potential for Advancement. These traits for the 500 salespeople were cross-classified into the following table:
What is the probability that the selected salesperson has above average sales ability?
Question 135
Multiple Choice
Which approach to probability is exemplified by the following formula?
Question 136
Multiple Choice
You take a trip by air that involves three independent flights. If there is a 90 percent chance each Specific leg of the trip is done on time, what is the probability all three flights arrive on time?