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Long run relative frequency e conditional probability

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Unformatted text preview: Chapter 01 - An Introduction to Business Statistics 24. The _____ of an event is a number that measures the likelihood that an event will occur when an experiment is carried out. A. Outcome B. Probability C. Intersection D. Observation AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability 25. When the probability of one event is influenced by whether or not another event occurs, the events are said to be _____. A. Independent B. Dependent C. Mutually exclusive D. Experimental AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability 26. A process of observation that has an uncertain outcome is referred to as a(n) _____. A. Probability B. Frequency C. Conditional probability D. Experiment AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability 1-285 Chapter 01 - An Introduction to Business Statistics 27. When the probability of one event is not influenced by whether or not another event occurs, the events are said to be _____. A. Independent B. Dependent C. Mutually exclusive D. Experimental AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability & Independence 28. A probability may be interpreted as a long run _____ frequency. A. Observational B. Relative C. Experimental D. Conditional AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability 29. If events A and B are independent, then P(A|B) is equal to _____. A. P(B) B. P(A ∩ B) C. P(A) D. P(A U B) AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability & Independence 1-286 Chapter 01 - An Introduction to Business Statistics 30. The simultaneous occurrence of event A and B is represented by the notation: _______. A. A U B B. A│B C. A B D. B│A AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability - Intersection 31. A(n) _______________ probability is a probability assessment that is based on experience, intuitive judgment, or expertise. A. Experimental B. Relative frequency C. Objective D. Subjective AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Topic: Probability 32. A(n) ______________ is a collection of sample space outcomes. A. Experiment B. Event C. Set D. Probability AACSB: Analytical Studies Bloom's: Knowledge Difficulty: Easy Topic: Probability 1-287 Chapter 01 - An Introduction to Business Statistics 33. Probabilities must be assigned to experimental outcomes so that the probabilities of all the experimental outcomes must add up to ___. A. 1 B. between 0 and 1 C. between -1 and 1 D. 0 AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability 34. Probabilities must be assigned to experimental outcomes so that the probability assigned to each experimental outcome must be between ____ and ____ inclusive. A. 0 and 100 B. -100 and 100 C. 0 and 1 D. -1 and 1 AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability 35. The __________ of event X consists of all sample space outcomes that do not correspond to the occurrence of event X. A. Independence B. Complement C. Conditional probability D. Dependence AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability & Complement 1-288 Chapter 01 - An Introduction to Business Statistics 36. The _______ of two events A and B is another event that consists of the sample space outcomes belonging to either event A or event B or both event A and B. A. Union B. Intersection C. Complement D. Mutually exclusivity AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability & Union 37. The _______ of two events A and B is the event that consists of the sample space outcomes belonging to both event A and event B. A. Union B. Intersection C. Complement D. Mutually exclusivity AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Topic: Probability & Intersection 38. What is the probability of rolling a seven with a pair of fair dice? A. 6/36 B. 3/36 C. 1/36 D. 8/36 E. 7/36 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability 1-289 Chapter 01 - An Introduction to Business Statistics 39. What is the probability of rolling a value higher than eight with a pair of fair dice? A. 6/36 B. 18/36 C. 10/36 D. 8/36 E. 12/36 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability 40. What is the probability that an even number appears on the toss of a die? A. 0.5 B. 0.33 C. 0.25 D. 0.67 E. 1.00 AACSB: Analytical Studies Bloom's: Application Difficulty: Easy Topic: Probability 41. What is the probability that a king appears in drawing a single card form a deck of 52 cards? A. 4/13 B. 1/13 C. 1/52 D. 1/12 E. 2/13 AACSB: Analytical Studies Bloom's: Application Difficulty: Medium Topic: Probability 1-290 Chapter 01 - An Introduction to Business Statistics 42. If we consider the toss of four coins as an experiment, how many outcomes does the sample space consist of? A. 8 B. 4 C. 16 D. 32 E. 2 AACSB: Analytical Studies Bloom's: A...
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This document was uploaded on 01/20/2014.

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