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BSTA200 basics business statistics

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a)  A simple survey consists of three multiple choice questions. The first question has 5 possible answers, the second has 3 possible answers and the third has 4 possible answers. In how many different ways can you complete this survey?

b) The HSF at the Lakeshore Campus consists of ten class representatives, one secretary, one treasurer, two vice- presidents and one president. From this group, in how many ways can five members be selected to serve on the social committee if no restrictions are imposed on the selection process?

 c In how many different ways can you arrange the letters of HIPPOPOTAMI?

d)  How many different groups of 4 marketing students and 3 accounting students can you select from a class consisting of 14 marketing students and 12 accounting students?

1) A box contains five yellow, four blue and six green marbles. What is the probability that a green and blue marble will be selected if two marbles are selected and sampling is done without replacement?

 

2) At an Ontario college, 80% of students take English. 60% take Statistics. 55% take bot

a What percent of the students take either English or Statistics but not both

b) What percent of the students take Statistics but not English?

c) What percent of the students take neither English nor Statistics?  

3) (Two events, A and B, are independent events.  If P(A or B) = 0.87 and the probability of the complement of A, = 0.20, calculate .

4)  If  = 0.70, = 0.80, and A and B are mutually exclusive, what is ?  

5) An official from the securities commission estimates that 70% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry.Use the binomial formula or table (see last page) to answer the following questions. If using table, do not round final answers. Otherwise, round to 4 decimal places.a) What is the probability that exactly 8 have not profited from insider information?

b) What is the probability that at most 5 have profited from insider information?

c)What is the probability that not all the selected online bankers have profited from insider information?  

d)  What is the probability that more than 12 have profited from insider information?

e) How many of the 15 online bankers would you expect to have profited from insider information?

 

 

BSTA200 basics business statistics

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