BANA2081 MODULE 5 QUESTIONS WITH CERTIFIED ANSWERS ALL CORRECT
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Course
BANA2081
Institution
BANA2081
BANA2081 MODULE 5 QUESTIONS WITH CERTIFIED ANSWERS ALL CORRECT
When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the method
- Answer-Classical
When the results of experimentation or historical data ar...
BANA2081 MODULE 5
QUESTIONS WITH CERTIFIED
ANSWERS ALL CORRECT
When the assumption of equally likely outcomes is used to assign probability values,
the method used to assign probabilities is referred to as the method
- Answer-Classical
When the results of experimentation or historical data are used to assign probability
values, the method used to assign probabilities is referred to as the
method - Answer-Relative frequency
A method of assigning probabilities based upon judgment is referred to as the
method - Answer-Subjective
What is a collection of sample points called? - Answer-Event
The probability of an event is the of the probabilities of the sample points
in the event - Answer-Sum
A graphical representation in which the sample space is represented by a rectangle and
events are represented as circles is called a - Answer-Venn diagram
The sum of the probabilities of two complementary events is - Answer-1.0
What is the complement of P(A\B)? - Answer-P(A^C\B)
The union of events A and B is the event containing all the sample points belonging to -
Answer-A or B or both
The symbol u shows the - Answer-Union of events
The symbol n shows the - Answer-Intersection of two events
The addition law is potentially helpful when we are interested in computing the
probability of - Answer-The union of two events
The intersection of two mutually exclusive events - Answer-must always be equal to 0
If A and B are mutually exclusive with P(A)=0.295, P(B)=0.32, then P(A\B)= - Answer-0
If two events are independent then, - Answer-the product of their probabilities gives their
intersection
If A and B are independent events with P(A)=0.2 and P(B)=0.6, then P(A union B)= -
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