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OPRE quiz 2

Authored by Skillius BL

Financial Education

University

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OPRE quiz 2
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Florida lottery system uses the random selection of 6 integers from a group of 53 to determine the weekly winner. Determine the number of ways integers can be selected from a group of 53.

6

16,529,385,600

22,957,480

38,160

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Media Image

An MBA new-matriculants survey provided the following data for 2018 students whether they Applied to More Than One School:

Given that a person applied for more than one school, what is the probability the person is 24-26 years old? Round to 4 decimal places.

Evaluate responses using AI:

OFF

Answer explanation

.3700

3.

OPEN ENDED QUESTION

3 mins • 1 pt

Media Image

Refer again to the data from MBA new matriculants survey:

Applied to More Than One School:

Given that a person person is in 36-and-over age group, what is the probability the person applied to more than one school? Round to 4 decimal places.

Evaluate responses using AI:

OFF

Answer explanation

.2318

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If A and B are independent events with P(A) = .05 and P(B) = .65, then P(B) = _____.

.8

.0325

.65

.05

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If A and B are independent events with P(A) = .2 and P(B) = .6, then P(AB) = _____.

.60

.68

.12

.62

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If A and B are mutually exclusive events with P(A) = .3 and P(B) = 0.5, then P(AB) =

.20

0

.15

.30

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A description of how the probabilities are distributed over the values the random variable can assume is called a(n) _____.

probability distribution

probability function

random variable

expected value

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