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BUAL 2600 CHEN YAN CUMULATIVE FINAL QUESTIONS WITH CORRECT ANSWERS

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BUAL 2600 CHEN YAN CUMULATIVE FINAL QUESTIONS WITH CORRECT ANSWERS

Institution
BUAL 2600
Course
BUAL 2600

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The probability that one event will occur given that we know that another event has
already occurred


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conditional probability




For a union, you use the ___________ rule


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addition




a set of all elements about which we wish to draw conclusions

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population




Let A, B, and C be events and assume the following probabilities: P(A) = 0.2, P(B) = 0/3,
P(C) = 0.5, P (A ∩ B) = 0.06, P (A ∩ C) = 0, and P (B ∩ C0 = 0.5


Which two of the three events are mutually exclusive?


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A,C




(Non probability sampling method) Samples in which a person who is extremely
knowledgeable about the population selects 1 population elements he or she feels
are most representative.


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Judgement sampling




(empirical rule) ______________ of the population measurements lie within one standard
deviation of the mean: [μ-σ, μ+σ]


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68.26%

, The __________ (A ∪ B) describes...


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Union; A or B or Both




Case 2 - how large is large enough for sample size


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If the sample size is at least 30, then for most sample populations, the
sampling distribution of sample means is approximately normal




Facts and figures from which conclusions can be drawn


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Data




___________________ (X) is a number calculated using the sample measurements that
describes some aspect of the sample


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sample statistic

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