Exam 5: Probability

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If a complimentary outcome has a 1 in 10 chance of occurrence,then the probability of that outcome is p = .10.

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Conditional outcomes refer to those where the probability of one outcome is independent of the probability of the occurrence of the second outcome.

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A researcher determines that the probability of missing class among students at a local school is p = .16.Assuming that the school has 300 students enrolled,how many students can we expect to miss class on a given day? Hint: This is a binomial probability distribution.

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The total number of possible outcomes for a random variable is referred to as

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Bayes's theorem is most often applied to situations in which probability is not calculated.

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When the probability of one outcome changes depending on the occurrence of the second outcome,these outcomes are referred to as

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Which rule states that when two outcomes are mutually exclusive,the probability that either one of these outcomes will occur is the sum of their individual probabilities?

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A probability can be stated as a proportion.

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Below is the probability distribution for random variable x.What is the standard deviation of this probability distribution? Below is the probability distribution for random variable x.What is the standard deviation of this probability distribution?

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Each of the following is an example of a binomial distribution,except

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Two outcomes are mutually exclusive when the probability of one outcome is equal to the probability of the second outcome.

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Mathematical expectation can be used to estimate the expected value of variance and standard deviation.

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The probability that someone in the human population has blood type AB is about p = .08; the probability that someone has blood type O is about p = .25.Knowing that each individual can have one and only one blood type,what is the probability that a person has an AB or O blood type?

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Two outcomes are said to be mutually exclusive when

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The mean of a binomial distribution is the product of the number of trials (n)times the probability of the outcome of interest on an individual trial (p).

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The probability of an outcome is particularly useful for predicting the likelihood of fixed events.

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The multiplicative rule is used to define mutually exclusive outcomes.

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In a game,the probability of winning money is p = .16,the probability of losing money is p = .54,and the probability of breaking even is p = .30.What is the probability of winning or losing money in this game?

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The probability distribution is p = .24,.16,.40,and .20 for a random variable with outcomes equal to 0,1,2,or 3,respectively.In this example,the expected value of the mean is greater than two.

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Suppose you open a new game at the county fair.When patrons win,you pay them $3.00; when patrons lose,they pay you $1.00.If the probability of a patron winning is p = .20,then how much can you expect to win (or lose)in the long run? Hint: You need to compute the expected value of the mean.

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