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Economics Quiz
Economics Quiz
Economics Quiz
7)
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Page 1 of 3
If two events are mutually exclusive and collectively exhaustive, what is the probability that both occur?
Marks: 1
Choose one
answer.
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b. 0.50
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c. 1.00
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d. 0
Correct
Marks for this submission: 1/1.
If A and B are independent events with P(A) = 0.60 and P(A | B) = 0.60, then P(B) is:
Marks: 1
Choose one
answer.
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a. 1.00
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b. 0.36
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d. 0.60
Correct
Marks for this submission: 1/1.
3
Marks: 1
A company has 2 machines that produce widgets. An older machine produces 23% defective widgets, while the new
machine produces only 8% defective widgets. In addition, the new machine produces 3 times as many widgets as the
older machine does. Given that a widget was produced by the new machine, what is the probability it is not defective?
Choose one
answer.
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a. 0.92
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b. 0.50
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c. 0.94
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d. 0.06
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Correct
Marks for this submission: 1/1.
4
Marks: 1
A recent survey showed that 15% of computer programmers have experienced some form of wrist pain from typing, and
that 25% are taking aspirin daily. Six percent of all programmers have both experienced some form of wrist pain from
typing and taken aspirin on a daily basis.
What is the probability that a programmer does not have wrist pain or does not take aspirin on a daily basis?
Choose one
answer.
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a. 0.94
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b. 0.85
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d. 0.75
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e. 0.66
https://moodle.concordia.ca/moodle/mod/quiz/review.php?q=9576&attempt=207039
10/20/2011
COMM2152A11: Quiz 2 (From 5 p.m. Thursday, Oct. 6 until 5 p.m. Friday, Oct. 7)
Page 2 of 3
Incorrect
Marks for this submission: 0/1.
5
Marks: 1
The manager of a used car lot took inventory of the automobiles on his lot and constructed the following table based on
the age of each car and its make (foreign or domestic):
If a car were randomly selected from the lot, what is the probability that it is either a foreign car or less than 3 years
old?
Choose one
answer.
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b. 0.50
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c. 0.725
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d. 0.18
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e. 0.405
Incorrect
Marks for this submission: 0/1.
If P(A) = 0.84, P(B) = 0.76 and P(A B) = 0.90, then P(A B) is:
Marks: 1
Choose one
answer.
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a. 0.06
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b. 0.70
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c. 0.82
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e. 0.14
Correct
Marks for this submission: 1/1.
7
Marks: 1
A survey of recent e-commerce start-up firms was undertaken at an industry convention. Representatives of the firm
where asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year. The
results are provided below.
Are the events firm from the South and expects high growth statistically independent?
Choose one
answer.
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a. Maybe
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b. No
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d. Yes
Correct
Marks for this submission: 1/1.
8
Marks: 1
A company has 2 machines that produce widgets. An older machine produces 23% defective widgets, while the new
machine produces only 8% defective widgets. In addition, the new machine produces 400 widgets and the older machine
produces 100 widgets. What is the probability that a randomly chosen widget produced by the company is not defective?
Choose one
answer.
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a. 0.1175
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c. 0.89
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d. 0.310
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e. 0.11
Correct
Marks for this submission: 1/1.
https://moodle.concordia.ca/moodle/mod/quiz/review.php?q=9576&attempt=207039
10/20/2011
COMM2152A11: Quiz 2 (From 5 p.m. Thursday, Oct. 6 until 5 p.m. Friday, Oct. 7)
Marks: 1
Page 3 of 3
In a recent survey of college students, students where asked about their use of the Internet for research. The
information was displayed in the table below. Let A be the event that the student was a business major. Let B be the
event that the student uses the Internet for research.
Use Internet for research
0.35
0.25
Business Students
Education Students
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c. P(A B) = 0.6
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Incorrect
Marks for this submission: 0/1.
10
If two events are mutually exclusive, what is the probability that one or the other occurs?
Marks: 1
Choose one
answer.
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a. 1.00
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c. 0
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d. 0.50
Incorrect
Marks for this submission: 0/1.
Finish review
COMM2152A11
https://moodle.concordia.ca/moodle/mod/quiz/review.php?q=9576&attempt=207039
10/20/2011