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ECON 2300 - Chapter 4 Problem Set

Brooke Harris 23 questions

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Questions in this quiz (23)

  1. 1The _____ of an event is a number that measures the likelihood that an event will occur when an experiment is carried out.
    1. AOutcome
    2. BProbability
    3. CIntersection
    4. DObservation
  2. 2Two mutually exclusive events having positive probabilities are ______________ dependent.
    1. AAlways
    2. BSometimes
    3. CNever
  3. 3What is the key difference between combinations and permutations?
    1. ACombinations do not factor in the order of n objects and permutations do
    2. BCombinations require that n objects are mutually exclusive and permutations do not
    3. CThe Counting Rule for Combinations formula utilizes factorials and the Counting Rule for Permutations formula does not
  4. 4Which of the following is not a basic requirement for assigning probabilities?
    1. AThe probability assigned to each experimental outcome must be between 0 and 1
    2. BThe sum of the probabilities for all the experimental outcomes must equal 1.0
    3. CThe mean of the probabilities for all the experimental outcomes must equal 0.5
  5. 5When assigning probability to whether a specific number will appear on the upward face of a standard six-sided die, P(2) would be equal to ________.
    1. A1/6
    2. B2/6 or 1/3
    3. C6/2
    4. DA very sad amount of damage to a Gelatinous Cube while playing D&D
  6. 6___________ of assigning probabilities is most appropriate when one cannot realistically assume that the experimental outcomes are equally likely and when little relevant data is available.
    1. AThe subjective method
    2. BThe relative frequency method
    3. CThe classical method
    4. DA [meth]od addict
  7. 7How many ways can three items be selected from a group of six items?
    1. A20
    2. B2
    3. C0.5
    4. D40
  8. 8What would be the best way to represent the intersection of events A and B?
    1. AVenn Diagram
    2. Baddition law
    3. Csample space
    4. Dthe classical method
  9. 9If two events are independent, we can _____ their probabilities to determine the intersection probability.
    1. ADivide
    2. BAdd
    3. CMultiply
    4. DSubtract
  10. 10What does P(A | B) translate to?
    1. Athe probability of A given B
    2. BThe union of A and B
    3. Cthe sample space outside of A and B
    4. Dthe probabilities between event A and event B

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Description
Most of these are directly from the teacher's sample questions, some are from the book, and some are of my own making.
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English
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