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Basic Statistics for Business Economics
Exam 4: A Survey of Probability Concepts
Path 4
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Question 61
Multiple Choice
The following distribution table represents preferences for two types of cereals by 2000 boys and girls.
Determine the probability that the person is a boy, given that the person likes Fruity Cereal.
Question 62
Multiple Choice
If two events are independent, then their joint probability is
Question 63
Multiple Choice
i. A subjective probability can be assigned to an event by an individual based on the individual's knowledge about the event. ii. The probability that you would assign to the likelihood that the Hamilton Tiger Cats will be in the Grey Cup this season must be between 0 and 10. iii. A probability is a number from -1 to +1 inclusive that measures one's belief that an event resulting from an experiment will occur.
Question 64
Multiple Choice
Information on the 30 Major League Baseball teams for the 2003 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 or attendance of more than 3.0 million?
Question 65
Multiple Choice
Considering the chart below, what is the probability that if you select one person at random that they have committed a violent crime and were over 40 years of age?
Question 66
Multiple Choice
When applying the special rule of addition for mutually exclusive events, the joint probability is:
Question 67
Multiple Choice
A study by Tourism Ontario revealed that 50% of the vacationers going to Toronto visit the CN Tower, 40% visit SkyDome and 35% visit both. What is the probability that a vacationer will visit at least one of these magnificent attractions?
Question 68
Multiple Choice
Consideration is being given to forming a Super Ten Basketball Conference. The top 10 university basketball teams in the country, based on past records, would be members of the Super Ten Conference. Each team would play every other team in the conference during the season and the team winning the most games would be declared the national champion. How many games would the conference commissioner have to schedule each year? (Remember, McMaster versus Alberta is the same as Alberta versus McMaster.)
Question 69
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 70
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 car that is not white?
Question 71
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 below average sales ability or has a fair potential for advancement?
Question 72
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 red sports car?
Question 73
Multiple Choice
A sales representative calls on four hospitals in York Region. It is immaterial what order he calls on them. How many ways can he organize his calls?
Question 74
Multiple Choice
Which approach to probability is exemplified by the following formula?
Question 75
Multiple Choice
i. An experiment is an activity that is either observed or measured. ii. If an experiment, such as a die-tossing experiment, has a set of events that includes every possible outcome, the set of events is called collectively exhaustive. iii. The combination formula is: n!/(n - r) !
Question 76
Multiple Choice
There are two letters C and D. If repetitions such as CC are permitted, how many permutations are possible?
Question 77
Multiple Choice
Considering the chart below, what is the probability that if you select one person at random that they have committed a violent crime, given that they were between 20 and 40 years of age?
Question 78
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 has a favourable forecast, what is the probability that it plans to cut jobs during the next 18 months?
Question 79
Multiple Choice
What does
equal?