Business Statistics In Practice, 3rd Canadian Edition By Bruce – Test Bank
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Sample Test
c3
Student:
___________________________________________________________________________
1. A
contingency table is a tabular summary of probabilities concerning two sets of
complementary events.
True False
2. An
event is a collection of sample space outcomes.
True False
3. Two
events are independent if the probability of one event is influenced by whether
or not the other event occurs.
True False
4. Mutually
exclusive events have a nonempty intersection.
True False
5. A
subjective probability is a probability assessment that is based on experience,
intuitive judgment, or expertise.
True False
6. The
probability of an event is the sum of the probabilities of the sample space
outcomes that correspond to the event.
True False
7. If
events A and B are mutually exclusive, then P( A | B ) is always equal to zero.
True False
8. If
events A and B are independent, then P( A | B ) is always equal to zero.
True False
9. If
events A and B are mutually exclusive, then P(A B) is always equal to zero.
True False
10. Events
that have no sample space outcomes in common, and, therefore cannot occur
simultaneously are referred to as independent events.
True False
11. Two
mutually exclusive events having positive probabilities are ___________
dependent.
12. always
13. sometimes
14. never
12. ___________________
is a measure of the chance that an uncertain event will occur.
13. A
random experiment
14. The sample
space
15. Probability
16. A
complement
17. A
population
13. A
manager has just received the expense checks for six of her employees. She
randomly distributes the checks to the six employees. What is the probability
that exactly five of them will receive the correct checks (checks with the
correct names)?
14. 1
15. 1/2
16. 1/6
17. 0
18. 1/3
14. In
which of the following are the two events A and B, always independent?
15. A and
B are mutually exclusive.
16. The
probability of event A is not influenced by the probability of event B.
17. The intersection
of A and B is zero.
18. P(A |
B) = P(B).
19. P(A
B) = 0.
15. If
two events are independent, we can _____ their probabilities to determine the
intersection probability.
16. divide
17. add
18. multiply
19. subtract
16. Events
that have no sample space outcomes in common, and therefore, cannot occur
simultaneously are _____.
17. independent
18. mutually
exclusive
19. intersections
20. unions
21. dependent
17. If
events A and B are independent, then the probability of simultaneous occurrence
of event A and event B can be found with:
18. P(A)
P(B)
19. P(A)
P(A | B)
20. P(A)
– P(A | B)
21. P(A)
+ P(B)
22. P(A)
+ P(B) – P(A B)
18. The
set of all possible experimental outcomes is called a(n) _____.
19. sample
space
20. event
21. experiment
22. probability
23. strata
19. A(n)
____________ is the probability that one event will occur given that we know
that another event already has occurred.
20. sample
space outcome
21. subjective
Probability
22. complement
of events
23. long-run
relative frequency
24. conditional
probability
20. 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 events A and B.
21. complement
22. union
23. intersection
24. conditional
probability
21. If
P(B) > 0 and events A and B are independent, then:
22. P(A)
= P(B)
23. P(A |
B) = P(A)
24. P(A
B) = 0
25. P(A
B) = P(A) P(B A)
26. P(A)
+ P(B) = 0
22. P(A
B) = P(A) + P(B) – P(A B) represents the formula for the
23. conditional
probability.
24. addition
rule.
25. addition
rule for two mutually exclusive events.
26. multiplication
rule.
27. subtraction
theorem.
23. The
management believes that the weather conditions significantly affect the level
of demand. 48 monthly sales reports are randomly selected. These monthly sales
reports showed 15 months with high demand, 28 months with medium demand, and 5
months with low demand. 12 of the 15 months with high demand had favorable
weather conditions. 14 of the 28 months with medium demand had favorable
weather conditions. Only 1 of the 5 months with low demand had favorable
weather conditions. What is the probability that weather conditions are poor,
given that the demand is high?
24. 2
25. 5
26. 8
27. 25
28. 75
24. The
management believes that the weather conditions significantly impact the level
of demand and the estimated probabilities of poor weather conditions given
different levels of demand is presented below.
P(High) = 15/48, P(Medium) = 28/48, P(Low) = 5/48
What is the probability of high demand given that the weather
conditions are poor?
1. 06
2. 44
3. 1429
4. 12
5. 1818
An automobile insurance company is in the process of reviewing
its policies. Currently drivers under the age of 25 have to pay a certain
premium. The company is considering increasing the value of the premium charged
to drivers under 25. According to company records, 35% of the insured drivers
are under the age of 25. The company records also show that 280 of the 700
insured drivers under the age of 25 had been involved in at least one
automobile accident. On the other hand, only 130 of the 1300 insured drivers 25
years or older had been involved in at least one automobile accident.
25. An
accident has just been reported. What is the probability that the insured
driver is under the age of 25?
26. 0.35
27. 0.205
28. 0.14
29. 0.683
30. 0.4
26. What
is the probability that an insured driver of any age will be involved in an
accident?
27. 0.35
28. 0.205
29. 0.65
30. 0.983
31. 0.795
27. A
pharmaceutical company manufacturing pregnancy test kits wants to determine the
probability of a woman not being pregnant when the test results indicate
pregnancy. It is estimated that the probability of pregnancy among potential
users of the kit is 10%. According to the company laboratory test results, 1
out of 100 non-pregnant women tested pregnant (false positive). On the other
hand, 1 out of 200 pregnant women tested non-pregnant (false negative). A woman
has just used the pregnancy test kit manufactured by the company and the
results showed pregnancy. What is the probability that she is not pregnant?
28. 0.9
29. 0.009
30. 0.083
31. 0.917
32. 0.1085
28. A
pharmaceutical company manufacturing pregnancy test kits wants to determine the
probability of a woman actually being pregnant when the test results indicate
that she is not pregnant. It is estimated that the probability of pregnancy
among potential users of the kit is 10%. According to the company laboratory
test results, 1 out of 100 non-pregnant women tested pregnant (false positive).
On the other hand, 1 out of 200 pregnant women tested non-pregnant (false
negative). A woman has just used the pregnancy test kit manufactured by the
company and the results showed that she is not pregnant. What is the
probability that she is pregnant?
29. 0.01
30. 0.009
31. 0.0005
32. 0.083
33. 0.00056
29. What
is the probability that any two people chosen at random were born on the same
day of the week?
30. 286
31. 067
32. 007
33. 368
34. 143
30. A
machine is made up of 3 components: an upper part, a mid part, and a lower
part. The machine is then assembled. 5 percent of the upper parts are
defective; 4 percent of the mid parts are defective; 1 percent of the lower
parts are defective. Assuming that the parts function independently of each
other, what is the probability that a machine is non-defective?
31. 8330
32. 7265
33. 9029
34. 9815
35. 8902
31. In a
large organization, 55% of all employees are female, 25% of the employees have
a business degree, and 40% of all males have a business degree. What is the
percentage of employees who are female with a business degree?
32. 2%
33. 5%
34. 7%
35. 9%
36. 11%
32. In a
large organization, 55% of all employees are female, 25% of the employees have
a business degree, and 40% of all males have a business degree. What is the
probability that one randomly selected employee will be either a female or have
a business degree?
33. 0.29
34. 0.41
35. 0.67
36. 0.73
37. 0.83
33. In a
large organization, 55% of all employees are female, 25% of the employees have
a business degree, and 40% of all males have a business degree. What is the
probability that an employee has a business degree given that the employee is a
female?
34. 0.127
35. 0.355
36. 0.250
37. 0.465
38. 0.282
34. A
group has 12 men and 4 women. If 3 people are selected at random from the
group, what is the probability that they are all men?
35. 0.122
36. 0.393
37. 0.544
38. 0.287
39. 0.621
35. Container
1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2 of which
are defective. One item is selected at random from each container. What is the
probability that exactly one of the two items is defective?
36. 0.25
37. 0.275
38. 0.325
39. 0.475
40. 0.575
36. In a
study of chain saw injuries, 57% involved arms or hands. If three different
chain saw injury cases are randomly selected, what is the probability that they
all involved arms or hands?
37. 0.002
38. 0.185
39. 0.263
40. 0.334
41. 0.481
37. Joe
is considering pursuing an MBA degree. He has applied to two different
universities. The acceptance rate for applicants with similar qualifications is
25% for University A and 40% for University B. What is the probability that Joe
will be accepted at both universities? You may assume that the universities
make their decisions independently of one another.
38. 0.02
39. 0.05
40. 0.10
41. 0.13
42. 0.25
38. Past
company records demonstrate that 85% of new hires successfully complete their
probation period. Suppose 3 newly hired individuals are randomly selected. If
new hires successfully complete their probation period independently of each
other, what is the probability that all will complete the probation period?
39. 487
40. 553
41. 614
42. 732
43. 850
39. If A
and B are independent events, and P(A) = .2, and P(B) = .7, then P(A B) =
_____.
40. 91
41. 47
42. 86
43. 14Error!
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44. 76
40. Peter
is considering pursuing an MBA degree. He has applied to two different
universities. The acceptance rate for applicants with similar qualifications is
25% for University A and 40% for University B. What is the probability that
Peter will not be accepted at either university? You may assume that the
universities make their decisions independently of one another.
41. 15
42. 25
43. 35
44. 45
45. 55
41. What
is the probability of winning four games in a row, if the probability of
winning each individual game is 1/2, independent of each other game?
42. 1/4
43. 1/6
44. 1/8
45. 1/12
46. 1/16
42. If
events A and B are mutually exclusive, then P(A | B) = _____.
43. 00
44. 13
45. 22
46. 50
47. 99
43. Susan
is considering pursuing an MBA degree. She has applied to two different
universities. The acceptance rate for applicants with similar qualifications is
25% for University A and 40% for University B. What is the probability that
Susan will be accepted at University A and rejected at University B? You may
assume that the universities make their decisions independently of one another.
44. 15
45. 03
46. 19
47. 22
48. 35
44. Container
1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2 of which
are defective. One item is selected at random from each container. What is the
probability that both items are not defective?
45. 003
46. 098
47. 246
48. 375
49. 539
45. Container
1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2 of which
are defective. One item is selected at random from each container. What is the
probability that the item from container one is defective and the item from
container 2 is not defective?
46. 225
47. 006
48. 399
49. 521
50. 178
46. If
you roll a pair of fair dice, what is the probability that the number of dots
on the two dice will sum to seven?
47. 1/16
48. 1/8
49. 1/6
50. 1/4
51. 1/2
47. If
you roll a pair of fair dice, what is the probability that the number of dots
on the two dice will sum to nine or higher?
48. 0003
49. 0095
50. 1334
51. 2778
52. 3446
48. If
you roll a fair die, what is the probability that an even number of dots
appear?
49. 05
50. 20
51. 25
52. 50
53. 75
49. If
you draw a card from a standard deck of 52 cards, what is the probability that
you obtain a King?
50. 1/52
51. 1/26
52. 1/21
53. 1/13
54. 1/4
50. Consider
the experiment of tossing four coins and observing the face of the coin, heads
or tails, that appears each time. How many outcomes are in the sample space?
51. 2
52. 4
53. 6
54. 12
55. 16
51. What
is the probability that we observe of at least one tail in the toss of three
fair coins?
52. 7/8
53. 1/2
54. 3/8
55. 6/8
56. 1/8
52. A lot
contains 12 items, 4 of which are defective. If three items are drawn at random
from the lot, what is the probability that none of them are defective?
53. 6667
54. 6363
55. 6000
56. 3003
57. 2545
53. A
person is dealt 5 cards from a standard deck of 52 cards. What is the
probability that all 5 cards are clubs?
54. 0004951
55. 0002505
56. 0149980
57. 0253533
58. 0444967
54. A
group has 12 men and 4 women. If 3 people are selected at random from the
group, what is the probability that they are all men?
55. 27
56. 39
57. 41
58. 52
59. 69
55. Suppose
that you believe that the probability you will get a grade of B or better in
Introduction to Finance is 0.6, and the probability that you will get a grade
of B or better in Introduction to Accounting is 0.5. If these events are
independent, what is the probability that you will be a grade of B or better in
both courses?
56. 03
57. 25
58. 30
59. 43
60. 50
56. The _____
is the set of all of the distinct possible outcomes of an experiment.
________________________________________
57. The
_____ of an event is a number that measures the likelihood that an event will
occur when an experiment is carried out.
________________________________________
58. When
the probability of one event is influenced by whether or not another event
occurs, the events are said to be _____.
________________________________________
59. A
process of observation that has an uncertain outcome is referred to as a(n)
_____.
________________________________________
60. When
the probability of one event is not influenced by whether or not another event
occurs, the events are said to be _____.
________________________________________
61. A
probability may be interpreted as a long-run _____ frequency.
________________________________________
62. If
events A and B are independent, then P(A | B) is equal to _____.
________________________________________
63. The
simultaneous occurrence of events A and B is represented by the notation:
_______.
________________________________________
64. A(n)
_______________ probability is a probability assessment that is based on
experience, intuitive judgment, or expertise.
________________________________________
65. A(n)
______________ is a collection of sample space outcomes.
________________________________________
66. Probabilities
must be assigned to experimental outcomes so that the probabilities of all the
experimental outcomes must add up to ___.
________________________________________
67. Probabilities
must be assigned to experimental outcomes so that the probability assigned to
each experimental outcome must be between the values ____ and ____ inclusive.
________________________________________
68. The
__________ of event A consists of all sample space outcomes that do not
correspond to the occurrence of event A.
________________________________________
69. 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 events A and B.
________________________________________
70. 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.
________________________________________
71. __________________
statistics is an area of statistics that uses Bayes’ theorem to update prior
belief about a probability or population parameter to a posterior belief.
________________________________________
72. In
the application of Bayes’ theorem the sample information is combined with prior
probabilities to obtain ___________________ probabilities.
________________________________________
73. If
you roll a pair of fair dice, what is the probability that the number of dots
on the two dice will sum to five?
74. If
you roll a pair of fair dice, what is the probability that the number of dots
on the two dice will sum to eight or higher?
75. If
you roll a fair die, what is the probability that at least 5 dots appear?
76. If
you draw a card from a standard deck of 52 cards, what is the probability that
you obtain a face card (i.e. a Jack, Queen, or King)?
77. Consider
the experiment of rolling three dice and observing the number of dots that
appear each time. How many outcomes are in the sample space?
78. Consider
the experiment of rolling three dice and observing the number of dots that
appear each time. What is the probability that at least one of the three dice
shows an even number of dots?
79. A lot
contains 10 items, 3 of which are defective. If three items are drawn at random
from the lot, what is the probability that none of them are defective?
80. A
person is dealt 4 cards from a deck of 52 cards. What is the probability they
are all clubs?
81. A
group has 10 men and 6 women. If 3 people are selected at random from the
group, what is the probability that they are all men?
Container 1 has 10 items, 4 of which are defective. Container 2
has 7 items, 3 of which are defective. One item is selected at random from each
container.
82. What
is the probability that both items are not defective?
83. What
is the probability that the item from container one is defective and the item
from container 2 is not defective?
84. What
is the probability that exactly one of the items is defective?
85. A
fair coin is tossed 6 times. What is the probability that at least one head
occurs?
86. Suppose
P(A) = .45, P(B) = .20, P(C) = .35, P(E | A) = .10, P(E | B) = .05, and P(E |
C) = 0. What is P(E)?
87. Suppose
P(A) = .45, P(B) = .20, P(C) = .35, P(E | A) = .10, P(E | B) = .05, and P(E |
C) = 0. What is P(A | E)?
88. Suppose
P(A) = .45, P(B) = .20, P(C) = .35, P(E | A) = .10, P(E | B) = .05, and P(E |
C) = 0. What is P(B | E)?
89. Suppose
P(A) = .45, P(B) = .20, P(C) = .35, P(E | A) = .10, P(E | B) = .05, and P(E |
C) = 0. What is P (C | E)?
90. Suppose
that you draw one card from a standard deck of 52 cards. If the card you draw
is a face card, what is the probability it is also a red card?
91. Suppose
that you draw one card from a standard deck of 52 cards. If the card you draw
is a red card, what is the probability it is also a face card?
92. A
machine is made up of 3 components: an upper part, a mid part, and a lower
part. The machine is then assembled. 3 percent of the upper parts are
defective; 2 percent of the mid parts are defective; 5 percent of the lower
parts are defective. Assuming that the parts function independently of each
other, what is the probability that a machine is non-defective?
93. A machine
is produced by a sequence of operations. Typically one defective machine is
produced per 1000 parts. Assuming that defects occur independently, what is the
probability of two consecutively produced machines being non-defective?
94. A pair
of fair dice is thrown. What is the probability that one of the faces is a 3
given that the sum of the two faces is 9?
95. A
card is drawn from a standard deck of 52 cards. What is the probability the
card is an ace given that it is a club?
96. A
card is drawn from a standard deck of 52 cards. Given that a face card is
drawn, what is the probability it will be a king?
97. Independently
a fair coin is tossed, a card is drawn from a standard deck of 52 cards, and a
fair die is thrown. What is the probability of observing a head on the coin, an
ace on the card, and a five on the die?
98. A
family has two children. What is the probability that both are girls, given
that at least one is a girl?
99. What
is the probability of winning three games in a row, if the probability of
winning each individual game is 1/2, independent of each other game?
At a large school, 70 percent of the students are women and 50
percent of the students receive a grade of C. 25 percent of the students are
neither female nor C students. Use the following contingency table.
100.
What is the probability that a student is female and a C
student?
101.
What is the probability that a student is male and not a C
student?
102.
If the student is male, what is the probability he is a C
student?
103.
If the student has received a grade of C, what is the
probability that he is male?
104.
If the student has received a grade of C, what is the
probability that she is female?
Two percent (2%) of the customers of a store buy cigars. Half of
the customers who buy cigars buy beer. 25 percent who buy beer buy cigars. Use
the following contingency table.
105.
What is the probability a customer buys beer?
106.
What is the probability a customer neither buys beer nor buys
cigars?
An urn contains five white, three red, and four black balls.
Three are drawn at random without replacement.
107.
What is the probability that no ball is red?
108.
What is the probability that all balls are the same colour?
109.
What is the probability that any two people chosen at random
were born on a Monday?
110.
A letter is drawn from the alphabet of 26 letters. What is the
probability that the letter drawn is a vowel?
111.
Consider an experiment where you toss a coin three times and
observe the face of the coin, heads or tails, on each toss. What is the sample
space for this experiment?
112.
How must probabilities be assigned to experimental outcomes?
113.
If A and B are independent events, P(A) = .3, and P(B) = .6,
determine P(A B).
114.
If events A and B are mutually exclusive, calculate P(A | B).
115.
What is the probability of rolling a six with a fair die five
times in a row?
116.
If a product is made using five individual components, and the
product meets specifications with probability.98, what is the probability of an
individual component meeting specifications? You may assume that all five
components have the same probability of meeting specifications independently of
each other.
117.
If P(A | B) = .2 and P(B) = .8, determine the probability of the
intersection of events A and B.
118.
If P(A B ) = .3 and P(A | B) = .9, find P(B).
Employees of a local university have been classified according
to gender and job type.
119.
If an employee is selected at random what is the probability
that the employee is male?
120.
If an employee is selected at random what is the probability
that the employee is male and salaried staff?
121.
If an employee is selected at random what is the probability
that the employee is female given that the employee is a salaried member of
staff?
122.
If an employee is selected at random what is the probability
that the employee is female or works as a member of the faculty?
123.
If an employee is selected at random what is the probability
that the employee is female or works as an hourly staff member?
124.
If an employee is selected at random what is the probability
that the employee is a member of the hourly staff given that the employee is female?
125.
If an employee is selected at random what is the probability
that the employee is a member of the faculty?
126.
Are gender and type of job mutually exclusive? Explain with
probabilities.
127.
Are gender and type of job statistically independent? Explain
with probabilities.
Four employees who work as drive-through attendees at a local
fast food restaurant are being evaluated. As a part of quality improvement
initiative and employee evaluation, these workers were observed over three
days. One of the statistics collected is the percentage of time employee
forgets to include a napkin in the bag. Related information is given in the
table above.
128.
What is the probability that Cheryl prepared your dinner and
forgot to include a napkin?
129.
What is the probability that there is not a napkin included for
a given order?
130.
You just purchased a dinner and found that there is no napkin in
your bag, what is the probability that Cheryl has prepared your order?
131.
You just purchased a dinner and found that there is no napkin in
your bag, what is the probability that Jan has prepared your order.
Joe is considering pursuing an MBA degree. He has applied to two
different universities. The acceptance rate for applicants with similar
qualifications is 30% for University A and 20% for University B. You may assume
that the universities make their decisions independently of one another.
132.
What is the probability that Joe will be accepted at both
universities?
133.
What is the probability that Joe will be accepted at University
A and rejected at University B?
134.
What is the probability that Joe will not be accepted at either
university?
135.
What is the probability that Joe will be accepted at least by
one of the two universities?
136.
What is the probability that Joe will be accepted at one, and
only one university?
137.
Is Joe being accepted at University A and at University B
mutually exclusive? Show with probabilities.
In a report on high school graduation, it was stated that 85% of
high school students graduate. Suppose 3 high school students are randomly
selected from different schools.
138.
What is the probability that all three students graduate?
139.
What is the probability that exactly one of the three students
graduate?
140.
What is the probability that none of the three students
graduate?
It is very common for a television series to draw a large
audience for special events or for cliff-hanging story lines. Suppose that on
one of these occasions, the special show drew viewers from 38.2% of all
TV-viewing households. Suppose that three TV-viewing households are randomly
selected.
141.
What is the probability that all three households viewed this
special show?
142.
What is the probability that none of the three households viewed
this special show?
143.
What is the probability that exactly one of the three households
viewed the special show?
A survey is made in a neighborhood of 80 voters. 65 were Liberal
and 15 were Conservative (none claimed to support another political party). Of
the Liberals, 35 are women, while 5 of the Conservatives are women. One subject
from the group is randomly selected.
144.
What is the probability that the individual is either a woman or
a Liberal?
145.
What is the probability that the individual is a male
Conservative?
146.
What is the probability that the individual is a Liberal or a
Conservative?
Owners are asked to evaluate their experiences in buying a new
car during the past twelve months. When surveys were analyzed the owners
indicated they were most satisfied with their experiences at the following
three dealers (in no particular order): BMW, Honda, and GM.
147.
List all possible sets of rankings for these three dealers:
148.
Assuming that each set of rankings is equally likely, what is
the probability that
(a) Owners ranked GM first?
(b) Owners ranked GM third?
(c) Owners ranked GM first and Honda second?
149.
In a study of car accidents, 64% involved neck injuries. If
three different car accident records are randomly selected, find the
probability that they all involved neck injuries?
In a local survey, 100 citizens indicated their opinions on a
revision to a local land use plan. Of the 62 favorable responses, there were 40
males. Of the 38 unfavorable responses, there were 15 males. One citizen is
randomly selected.
150.
What is the probability that the citizen is female or has an
unfavorable opinion?
151.
What is the probability that the citizen is male and has a
favorable opinion
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