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Applied Business Statistics (BUS 300QR) Test Autumn 2016

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Sandra Watson
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Test Autumn 2016, questions and answers-the classical approach to probability requires that the outcomes are​ _______.

Central Michigan University

Applied Business Statistics (BUS 300QR)

Based on a classical approach, the probability of an event is defined as the number of favorable
outcomes divided by the total number of possible outcomes.

. If only one of several events can occur at a time, we refer to these events as being mutually exclusive
events.

The classical approach to probability requires that the outcomes of an experiment are not equally
likely

The probability of rolling a 3 or 2 on a single die is an example of conditional probability

The probability of rolling a 3 or 2 on a single die is an example of mutually exclusive events

Events that cannot occur simultaneously are said to be outcomes.

The probability of rolling a 3 or 2 on a single die is an example of joint probability.

The probability assigned to an event that is certain not to occur is 1.0.

The probability assigned to an event that is certain not to occur is 0.0.

0. If an experiment, such as a die-tossing experiment, has a set of events that includes every possible
outcome, the set of events is called collectively exhaustive.

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Applied Business Statistics (BUS 300QR) Test Autumn 2016

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