tif_ch04 - Basic Probability 87 CHAPTER 4: BASIC...

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Basic Probability 87 CHAPTER 4: BASIC PROBABILITY 1. If two events are collectively exhaustive, what is the probability that one or the other occurs? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given. ANSWER: c TYPE: MC DIFFICULTY: Easy KEYWORDS: collectively exhaustive 2. If two events are collectively exhaustive, what is the probability that both occur at the same time? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given. ANSWER: d TYPE: MC DIFFICULTY: Moderate KEYWORDS: collectively exhaustive, mutually exclusive EXPLANATION: We do not know if they are mutually exclusive. 3. If two events are mutually exclusive, what is the probability that one or the other occurs? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given. ANSWER: d TYPE: MC DIFFICULTY: moderate KEYWORDS: collectively exhaustive, mutually exclusive EXPLANATION: We do not know if they are collectively exhaustive. 4. If two events are mutually exclusive, what is the probability that both occur at the same time? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given. ANSWER: a TYPE: MC DIFFICULTY: Easy KEYWORDS: mutually exclusive
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88 Basic Probability 5. If two events are mutually exclusive and collectively exhaustive, what is the probability that both occur? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given. ANSWER: a TYPE: MC DIFFICULTY: Easy KEYWORDS: collective exhaustive, mutually exclusive 6. If two events are mutually exclusive and collectively exhaustive, what is the probability that one or the other occurs? a) 0 b) 0.50 c) 1.00 a) Cannot be determined from the information given. ANSWER: c TYPE: MC DIFFICULTY: Easy KEYWORDS: collectively exhaustive, mutually exclusive 7. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that event A occurs? a) 0 b) 0.50 c) 1.00 a) Cannot be determined from the information given. ANSWER: d TYPE: MC DIFFICULTY: moderate KEYWORDS: collectively exhaustive, mutually exclusive EXPLANATION: We do not know if they are equally likely events. 8. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the probability that event A occurs? a) 0 b) 0.50 c) 1.00 a) Cannot be determined from the information given. ANSWER: b TYPE: MC DIFFICULTY: easy KEYWORDS: collectively exhaustive, mutually exclusive
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Basic Probability 89 9. If two equally likely events A and B are mutually exclusive, what is the probability that event A occurs? a) 0 b) 0.50 c) 1.00 a) Cannot be determined from the information given. ANSWER: d TYPE: MC DIFFICULTY: moderate KEYWORDS: collectively exhaustive, mutually exclusive EXPLANATION: We do not know if they are collectively exhaustive. 10. If two equally likely events A and B are collectively exhaustive, what is the probability that event A occurs? a) 0 b) 0.50 c) 1.00 d) Cannot be determined from the information given.
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tif_ch04 - Basic Probability 87 CHAPTER 4: BASIC...

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