What is the probability of an event what are mutually

Assignment Help Basic Statistics
Reference no: EM13575504

What is the probability of an event? What are mutually exclusive events? What does collectively exhaustive mean?

How can we use contingency tables to solve for the probability of two events occurring at the same time? What is a conditional probability? Finally, explain the difference between the addition rule and the multiplication rule.

Use the following data to support answers to the questions above:

Out of 1000 respondents to a survey, 250 people planned to purchase a TV of which 200 actually purchased and 50 did not
actually purchase. 750 people did not plan to purchase at TV, of which 100 actually purchased and 650 did not actually purchase. Put this data in the form of a contingency table and apply to some of the concepts above.

For example, what is the probability that a person planned to purchase a TV? What is the probability that a person planned to purchase and actually purchased a TV? What is the probability that a person purchased a TV conditional on the fact that they planned to purchase a TV? Feel free to slice it and dice it as many ways you like to review for the exam.

Reference no: EM13575504

Questions Cloud

Prepare a statement of changes in stockholders equity of : on january 1 2007 the osborne company reported the following alphabetical list of stockholders equity itemsadditional
Explain the implication the law of one price has for the : explain the implication the law of one price has for the price of a financial security. provide
Daba company manufactures two products product f and : daba company manufactures two products product f and product g. the company expects to produce and sell 1640 units of
A study has been conducted to determine if one of the : a study has been conducted to determine if one of the departments in parry company should be discontinued. the
What is the probability of an event what are mutually : what is the probability of an event? what are mutually exclusive events? what does collectively exhaustive mean?how can
Discuss the net present value npv decision rule describe : discuss the net present value npv decision rule. describe how is the npv rule is related to a cost-benefit analysis and
The final paper should focus on real life real time : he final paper will be based on appendix 6c illustrative audit case keystone computers at pages 237-244 in your text.
On average 50 percent of credit sales arc paid for in the : forecasting collections. here is a forecast of sales by national bromide for the first 4 months of 2010 figures in
A project has a contribution margin of 5 projected fixed : a project has a contribution margin of 5 projected fixed costs of 12000 a projected variable cost per unit of 12 and a

Reviews

Write a Review

Basic Statistics Questions & Answers

  Explain how you use data or summaries of data every day

Explain how you use data or summaries of data every day-or how data or summari es of data are used on you. Give examples that are different from those provided in the link above,

  Create the decision table for problem

Probability of fair market is 0.4, and probability of bad market is 0.2, and he wants to maximize his long-run average return. Create the decision table for this problem.

  What is the length of a call if calls are shorter

What is the probability that a call lasted between 180 and 300 seconds? What is the length of a call if only 1% of all calls are shorter?

  What is tree number of second observation in sample

The 587th of the 731 trees in the preserve was selected as the first observation in the sample. What is the tree number of the second observation in the sample?

  Standard distribution and level of significance

What is the difference between a normal distribution and a standard normal distribution? What is the purpose of using a standard normal distribution instead of the normal distribution?

  Determining the of employees probability

A firm plans to hire 100 employees during the year. It expects that 25 of these employees will obtain graduate degrees within the next 5 years of being hired. In addition, 35 employees will leave the firm within 5 years.

  Describe confidence interval and sample size calculation

Basic concepts. For each of the following, answer the question and give a short explanation of your reasoning.

  Intensive supervision program for poor student performers

Suppose that you are interested in determining the effectiveness of an intensive supervision program (ISP) for poor student performers. To examine its effectiveness, you keep track of 12 students entering an ISP for one year and tabulate the numbe..

  What is the current bond price

Bond Prices [ LO2] Ninja Co. issued 14- year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price?

  Probability that first order come fourth sales call of day

What is the probability that the first order will come on the fourth sales call of the day? Please show work and round to 4 decimal places.

  Cognitive dissonance-facial expressions-emotions

In the instance in which the selected theory of motivation was not applicable to your workplace experience, assess the need to develop and create new theoretical models of motivation in today's changing work environment.

  Find correlatins between pairs of all interval variables

Determine the correlatins between pairs of all interval variables (i,e., absences with PE, PE with math, math with writing) How much of the math grade can be explained by the PE grade?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd