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Statistics for Management and Economics
Quiz 6: Probability
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Question 161
Short Answer
Marital Status An insurance company has collected the following data on the gender and marital status of 570 customers.
suppose that a customer is selected at random. -{Marital Status Narrative} Find the probability that the customer selected is female or divorced.
Question 162
Short Answer
Suppose A and B are two independent events for which P(A)= 0.20 and P(B)= 0.60. a.Find P(A and B). b.Find P(A or B).
Question 163
Short Answer
College Professorship A Ph.D.graduate has applied for a job with two colleges: A and B.The graduate feels that she has a 60% chance of receiving an offer from college A and a 50% chance of receiving an offer from college B.If she receives an offer from college B,she believes that she has an 80% chance of receiving an offer from college A.Let A = receiving an offer from college A,and let B = receiving an offer from college B. -{College Professorship Narrative} What is the probability that at least one college will make her an offer?
Question 164
Short Answer
College Professorship A Ph.D.graduate has applied for a job with two colleges: A and B.The graduate feels that she has a 60% chance of receiving an offer from college A and a 50% chance of receiving an offer from college B.If she receives an offer from college B,she believes that she has an 80% chance of receiving an offer from college A.Let A = receiving an offer from college A,and let B = receiving an offer from college B. -{College Professorship Narrative} What is the probability that both colleges will make her an offer?
Question 165
Short Answer
If two events are complements,their probabilities sum to ____________________.
Question 166
Short Answer
College Professorship A Ph.D.graduate has applied for a job with two colleges: A and B.The graduate feels that she has a 60% chance of receiving an offer from college A and a 50% chance of receiving an offer from college B.If she receives an offer from college B,she believes that she has an 80% chance of receiving an offer from college A.Let A = receiving an offer from college A,and let B = receiving an offer from college B. -{College Professorship Narrative} If she receives an offer from college B,what is the probability that she will not receive an offer from college A?
Question 167
Short Answer
If two events are mutually exclusive their joint probability is ____________________.
Question 168
Short Answer
Suppose P(A)= 0.30,P(B)= 0.50,and P(B|A)= 0.60. a.Find P(A and B). b.Find P(A or B). c.Find P(A|B).
Question 169
Short Answer
The second set of branches of a probability tree represent ____________________ probabilities.
Question 170
Essay
Marital Status An insurance company has collected the following data on the gender and marital status of 570 customers.
suppose that a customer is selected at random. -{Marital Status Narrative} Is marital status independent of gender? Explain using probabilities.
Question 171
Short Answer
Suppose P(A)= 0.50,P(B)= 0.40,and P(B|A)= 0.30. a.Find P(A and B). b.Find P(A or B). c.Find P(A|B).
Question 172
Essay
Marital Status An insurance company has collected the following data on the gender and marital status of 570 customers.
suppose that a customer is selected at random. -{Marital Status Narrative} Are gender and marital status mutually exclusive? Explain using probabilities.
Question 173
Essay
Is it possible to have two events for which P(A)= 0.40,P(B)= 0.50,and P(A or B)= 0.30? Explain.
Question 174
Short Answer
A pharmaceutical firm has discovered a new diagnostic test for a certain disease that has infected 1% of the population.The firm has announced that 95% of those infected will show a positive test result,while 98% of those not infected will show a negative test result. a.What proportion of people don't have the disease? b.What proportion who have the disease test negative? c.What proportion of those who don't have the disease test positive? d.What proportion of test results are incorrect? e.What proportion of test results are correct?
Question 175
Essay
Construction Bids A construction company has submitted bids on two separate state contracts,A and B.The company feels that it has a 60% chance of winning contract A,and a 50% chance of winning contract B.Furthermore,the company believes that it has an 80% chance of winning contract A if it wins contract B. -{Construction Bids Narrative} What is the probability that the company will win both contracts?
Question 176
Short Answer
If A and B are ____________________ then the probability of the union of A and B is the sum of their individual probabilities.
Question 177
Short Answer
When you multiply a first level branch with a second level branch on a probability tree you get a(n)____________________ probability.
Question 178
Short Answer
The first set of branches of a probability tree represent ____________________ probabilities.
Question 179
Short Answer
A survey of a magazine's subscribers indicates that 50% own a house,80% own a car,and 90% of the homeowners also own a car.What proportion of subscribers: a.own both a car and a house? b.own a car or a house,or both? c.own neither a car nor a house?