Reference no: EM132647929

1. Which is the best probability to determine the outcome of rolling seven with two dice?

a) Subject

b) Empirical

c) Classical

d) Random

2. Andrea decided her job opportunities will increase condition on completing her bachelor's degree based on her assumption, what probability would best fit?

a) Classical probability

b) Conditional probability

c) Complement rule

d) Empirical probability

3. In reviewing retirement portfolios, Kim determined the probability of a client owning stock is 0.70 and the probability of owning a bond is 0.40. The probability of a customer who owns bonds already owning stock is 0.55. what is the probability a client owns both securities in their retirement portfolio?

a) 0.52

b) 0.30

c) 0.40

d) 0.39

4. Which rule is being followed when summing P (A) and P (B) then subtracting P(A n B) from the sum

a) Complement

b) Multiplication

c) Addition

d) Join probability

5. Michael has interviewed for two jobs. He feels that he has a 65% chance of getting a offer on job A and a 45% chance of getting an offer on job B. He also believes there is a 40% chance of getting an offer on both jobs. What is the probability that he does not get an offer at either job?

a) 0.10

b) 0.30

c) 0.70

d) 0.25

6. Which theorem can the posterior probability be found using the prior probability and conditional probability?

a) Fisher

b) Poisson

c) Bernoulli

d) Bayes'

7. Tiffany Ham's business is thriving in Houston, TX. To reward her team. Tiffany is implementing a performance incentive program. Annual Bonuses begin at $5,000 for excellent performance. $3,000 for good performance, and $1,500 for fair performance, and $0 for poor performance. The probability levels are 0.15, 0.40, 0.25, and 0. 20, respectively. What is the expected value of the annual bonus amount for an employee?

a) $1,875

b) $2,300

c) $2,325

d) $2,375

8. In Holland, 30% of the people own a car. If five adults are randomly selected, what is the probability that two or more own a car?

a) 37.2% probability that more than two own a car

b) 30.9% probability that more than two own a car

c) 66.8% probability that no more than two own a car

d) 83.7% probability that no more than two own a car

9. Simone, owner of the Blue Canoe Coffee Shop, ran a report showing the identified valued customer visits the shop on average 18 times in a 30-day period. Simone now wants to break down the information further to determine how many visits she should expect in a 5-day period from a tracked value customer. How many visits should Simone expect?

a) 3

b) 5

c) 1

d) 4

10. A special case where the mean is equal to zero and the variance is equal to one is called.......?

a) Normal distribution

b) Standard normal distribution

c) Corresponding value

d) Standard normal variable