DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
QuantitativemAnalysismformManagement,m13em(Rendermetmal
.)mChapterm2mProbabilitymConceptsmandmApplications
1) Subjectivemprobabilitymimpliesmthatmwemcanmmeasuremthemrelativemfrequencymofmthemvaluesmofm
themrandommvariable.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
2) Mutuallymexclusivemeventsmexistmifmonlymonemofmthemeventsmcanmoccurmonmanymonemtr
ial.mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
3) Statingmthatmtwomeventsmaremstatisticallymindependentmmeansmthatmthemprobabilitymofmonemev
entmoccurringmismindependentmofmthemprobabilitymofmthemothermeventmhavingmoccurred.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
4) Sayingmthatmamsetmofmeventsmismcollectivelymexhaustivemimpliesmthatmonemofmthemeventsmmustmoc
cur.mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
5) Sayingmthatmamsetmofmeventsmismmutuallymexclusivemandmcollectivelymexhaustivemimpliesmthatm
onemandmonlymonemofmthemeventsmcanmoccurmonmanymtrial.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
1
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
6) Amposteriormprobabilitymismamrevisedmprobabilit
y.mAnswer:m TRUE
Diff:m Moderate
Topic:m REVISINGmPROBABILITIESmWITHmBAYES'mTHEOREM
LO:m 2.2:mUsemBayes'mTheoremmtomestablishmposteriormprobabilitie
s.mAACSB:m Analyticalmthinking
Classification:m Concept
7) Bayes'mtheoremmenablesmusmtomcalculatemthemprobabilitymthatmonemeventmtakesmplacemknowingmt
hatmamsecondmeventmhasmormhasmnotmtakenmplace.
Answer:m TRUE
Diff:m Moderate
m
Topic:m REVISINGmPROBABILITIESmWITHmBAYES'mTHEOREM
LO:m 2.2:mUsemBayes'mTheoremmtomestablishmposteriormprobabilitie
s.mAACSB:m Analyticalmthinking
Classification:m Concept
8) AmprobabilitymdensitymfunctionmismammathematicalmwaymofmdescribingmBayes'mtheore
m.mAnswer:m FALSE
Diff:m Moderate
Topic:m PROBABILITYmDISTRIBUTIONS
LO:m2.5:mExplainmthemdifferencembetweenmdiscretemandmcontinuousmprobabilitymdistributions.mAAC
SB:m Analyticalmthinking
Classification:m Concept
9) Ifmtwomeventsmaremmutuallymexclusive,mthemprobabilitymofmbothmeventsmoccurringmismsimplym
themsummofmthemindividualmprobabilities.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
10) Givenmtwomstatisticallymdependentmeventsm(A,B),mthemconditionalmprobabilitymofmP(A|B)m=
P(B)/P(AB).
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
2
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
11) Givenmtwomstatisticallymindependentmeventsm(A,B),mthemjointmprobabilitymofmP(AB)m=mP(A)m+
P(B).
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
12) Givenmtwomstatisticallymindependentmeventsm(A,B),mthemconditionalmprobabilitymP(A|B)m=mP(
A).mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
13) Supposemthatmyoumentermamdrawingmbymobtainingmonemofm20mticketsmthatmhavembeenmdistribut
ed.mBymusingmthemclassicalmmethod,myoumcanmdeterminemthatmthemprobabilitymofmyourmwinningmth
emdrawingmism0.05.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
14) Assumemthatm youmhavemamboxmcontainingmfivemballs:mtwomredmandmthreemwhite.mYoumdrawmam
ballmtwomtimes,meachmtimemreplacingmthemballmjustmdrawnmbeforemdrawingmthemnext.mThemprobabil
itymofmdrawingmonlymonemwhitemballmism0.20.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
15) Ifmwemrollmamsinglemdiemtwice,mthemprobabilitymthatmthemsummofmthemdotsmshowingmonmthemtwomr
ollsmequalsmfourm(4),mism1/6.
Answer:m FALSE
Diff:m Difficult
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
3
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
, DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
16) Considermamstandardm52-
cardmdeckmofmcards.mThemprobabilitymofmdrawingmeithermamsevenmormamblackmcardmism7/13.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
17) Althoughmonemrevisionmofmpriormprobabilitiesmcanmprovidemusefulmposteriormprobabilitymesti
mates,madditionalminformationmcanmbemgainedmfrommperformingmthemexperimentmamsecondmtime.m
Answer:m TRUE
Diff:m Moderate
Topic:m FURTHERmPROBABILITYmREVISIONS
LO:m 2.3:mUsemBayes'mTheoremmtomestablishmfurthermprobabilitymrevisions.mAA
CSB:m Analyticalmthinking
Classification:m Concept
18) Themjointmprobabilitymofmtwomormmoremindependentmeventsmoccurringmismthemsummofmth
eirmmarginalmormsimplemprobabilities.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
19) Themnumbermofmbadmchecksmwrittenmatmamlocalmstoremismanmexamplemofmamdiscretemrand
ommvariable.
Answer:m TRUE
Diff:m Moderate
m
Topic:m RANDOMmVARIABLES
LO:m 2.4:mDescribemandmprovidemexamplesmofmbothmdiscretemandmcontinuousmrandommvariabl
es.mAACSB:m Applicationmofmknowledge
Classification:m Concept
4
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
m m m m m m m m m m
on Render m
QuantitativemAnalysismformManagement,m13em(Rendermetmal
.)mChapterm2mProbabilitymConceptsmandmApplications
1) Subjectivemprobabilitymimpliesmthatmwemcanmmeasuremthemrelativemfrequencymofmthemvaluesmofm
themrandommvariable.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
2) Mutuallymexclusivemeventsmexistmifmonlymonemofmthemeventsmcanmoccurmonmanymonemtr
ial.mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
3) Statingmthatmtwomeventsmaremstatisticallymindependentmmeansmthatmthemprobabilitymofmonemev
entmoccurringmismindependentmofmthemprobabilitymofmthemothermeventmhavingmoccurred.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
4) Sayingmthatmamsetmofmeventsmismcollectivelymexhaustivemimpliesmthatmonemofmthemeventsmmustmoc
cur.mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
5) Sayingmthatmamsetmofmeventsmismmutuallymexclusivemandmcollectivelymexhaustivemimpliesmthatm
onemandmonlymonemofmthemeventsmcanmoccurmonmanymtrial.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
1
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
6) Amposteriormprobabilitymismamrevisedmprobabilit
y.mAnswer:m TRUE
Diff:m Moderate
Topic:m REVISINGmPROBABILITIESmWITHmBAYES'mTHEOREM
LO:m 2.2:mUsemBayes'mTheoremmtomestablishmposteriormprobabilitie
s.mAACSB:m Analyticalmthinking
Classification:m Concept
7) Bayes'mtheoremmenablesmusmtomcalculatemthemprobabilitymthatmonemeventmtakesmplacemknowingmt
hatmamsecondmeventmhasmormhasmnotmtakenmplace.
Answer:m TRUE
Diff:m Moderate
m
Topic:m REVISINGmPROBABILITIESmWITHmBAYES'mTHEOREM
LO:m 2.2:mUsemBayes'mTheoremmtomestablishmposteriormprobabilitie
s.mAACSB:m Analyticalmthinking
Classification:m Concept
8) AmprobabilitymdensitymfunctionmismammathematicalmwaymofmdescribingmBayes'mtheore
m.mAnswer:m FALSE
Diff:m Moderate
Topic:m PROBABILITYmDISTRIBUTIONS
LO:m2.5:mExplainmthemdifferencembetweenmdiscretemandmcontinuousmprobabilitymdistributions.mAAC
SB:m Analyticalmthinking
Classification:m Concept
9) Ifmtwomeventsmaremmutuallymexclusive,mthemprobabilitymofmbothmeventsmoccurringmismsimplym
themsummofmthemindividualmprobabilities.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
10) Givenmtwomstatisticallymdependentmeventsm(A,B),mthemconditionalmprobabilitymofmP(A|B)m=
P(B)/P(AB).
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
2
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
11) Givenmtwomstatisticallymindependentmeventsm(A,B),mthemjointmprobabilitymofmP(AB)m=mP(A)m+
P(B).
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
12) Givenmtwomstatisticallymindependentmeventsm(A,B),mthemconditionalmprobabilitymP(A|B)m=mP(
A).mAnswer:m TRUE
Diff:m Moderate
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
13) Supposemthatmyoumentermamdrawingmbymobtainingmonemofm20mticketsmthatmhavembeenmdistribut
ed.mBymusingmthemclassicalmmethod,myoumcanmdeterminemthatmthemprobabilitymofmyourmwinningmth
emdrawingmism0.05.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
14) Assumemthatm youmhavemamboxmcontainingmfivemballs:mtwomredmandmthreemwhite.mYoumdrawmam
ballmtwomtimes,meachmtimemreplacingmthemballmjustmdrawnmbeforemdrawingmthemnext.mThemprobabil
itymofmdrawingmonlymonemwhitemballmism0.20.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
15) Ifmwemrollmamsinglemdiemtwice,mthemprobabilitymthatmthemsummofmthemdotsmshowingmonmthemtwomr
ollsmequalsmfourm(4),mism1/6.
Answer:m FALSE
Diff:m Difficult
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
3
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
, DOWNLOAD THE Test Bank for Quantitative Analysis for Management 13thEditi
m m m m m m m m m m
on Render m
16) Considermamstandardm52-
cardmdeckmofmcards.mThemprobabilitymofmdrawingmeithermamsevenmormamblackmcardmism7/13.
Answer:m TRUE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Application
17) Althoughmonemrevisionmofmpriormprobabilitiesmcanmprovidemusefulmposteriormprobabilitymesti
mates,madditionalminformationmcanmbemgainedmfrommperformingmthemexperimentmamsecondmtime.m
Answer:m TRUE
Diff:m Moderate
Topic:m FURTHERmPROBABILITYmREVISIONS
LO:m 2.3:mUsemBayes'mTheoremmtomestablishmfurthermprobabilitymrevisions.mAA
CSB:m Analyticalmthinking
Classification:m Concept
18) Themjointmprobabilitymofmtwomormmoremindependentmeventsmoccurringmismthemsummofmth
eirmmarginalmormsimplemprobabilities.
Answer:m FALSE
Diff:m Moderate
m
Topic:m FUNDAMENTALmCONCEPTS
LO:m 2.1:mUnderstandmthembasicmfoundationsmofmprobabilitymanalysi
s.mAACSB:m Analyticalmthinking
Classification:m Concept
19) Themnumbermofmbadmchecksmwrittenmatmamlocalmstoremismanmexamplemofmamdiscretemrand
ommvariable.
Answer:m TRUE
Diff:m Moderate
m
Topic:m RANDOMmVARIABLES
LO:m 2.4:mDescribemandmprovidemexamplesmofmbothmdiscretemandmcontinuousmrandommvariabl
es.mAACSB:m Applicationmofmknowledge
Classification:m Concept
4
Copyrightm©m2018mPearsonmEducation,mIn
c.
mynursytest.store
