Soft Drinks

17 diet colas
3 cans of lemonade
5 cans of root beer
25 TOTAL

(a) PROBABILITY OF NEXT DRINK TO BE

diet colas 0.68
cans of lemonade 0.12
cans of root beer 0.20
Home Improvement

Inches of snow Frequency

0 68
Trace 28
0.1 – 0.4 11
0.5 – 0.9 7
1.0 – 2.9 6
3.0 or more 1
Total 121

Probability 0.00826
Outcome Sample Space Probability
1 T T T 0.125
2 T T H 0.125
3 T H T 0.125
4 T H H 0.125
5 H T T 0.125
6 H T H 0.125
7 H H T 0.125
8 H H H 0.125
Market Research

M Monster
RB Red Bull
RS Rockstar
one customer
(a) SAMPLE SPACE 2 customer
M RB RS
M RS RB (b) Probability that RB will be the first choice
RB M RS =2/6
RB RS M 0.33333
RS M RB
RS RB M (c ) Probability that two (independent) respondents will c
=2/6 * 2/6
0.11111
the first choice

endent) respondents will choose RB as their first

MBA Students

Finance
Marketing
Operations and Supply Chain
Information Systems
Total

P(finance or marketing)

They are mutually exclusive if we assume that a student cannot have multiple specializations.
Since no other information is given, we can make this assumption.
 83
36
72
59
250

0.476
Airline Arrivals

early 70
on time 150
late 15
cancelled 25
Total 260
8:55am
(a) Probability 9am
early 0.269 9:05 AM
on time 0.577 does not fly
late 0.058
cancelled 0.096
Total 1.00

(b) The events are mutually exclusive

(c ) P(early or on time) 0.846 0.15

early
on time
late
cancelled

0.37
Investment Survey

200 graduates
75 only mutual funds
35 only stocks
90 both

(a) P(Own a mutual fund) 0.375

P(Own a stock) 0.175

(b) P(Neither stocks nor mutual funds) 0

(c) P(Either stocks or mutual funds) 1

C(3,5) 10

DICE1 DICE 2

2 1 1

3 2 1
1 2

4 2 2
1 3
3 1

5 3 2
2 3
4 1
1 4

Prob 7 6.00 36
prob 11 2 36

0.22

prob (1,2,3,4,5,8,9,10,12) 1
0.78
2