Which of these situations best fits "mutually exclusive"?

Being both in Paris and Berlin at the same time

Which of these is an example of an independent event?

Flipping a coin and rolling a die

Which of these is an example of an independent event?

A customer ordering pizza and a storm in another city

Why do businesses use probability in decision-making? Select all that apply.

To forecast demand, To make better decisions, To reduce risks

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Intro to Business Statistics: Probability Principles

11 termsStudBud Administration

Learn the basics of probability: from independent and dependent events to conditional probability and simple rules. A great foundation for students in business, data, and decision-making. #Statistics #Probability #Economics

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Questions 11

Answers

1
Which of these situations best fits "mutually exclusive"?
Watching two movies in one day
Passing two tests
Having pizza with and without cheese
Being both in Paris and Berlin at the same time
2
If two events are independent, the probability of both happening is the product of their individual probabilities.
False
True
3
Which pair of events is most likely to be dependent?
A warehouse in Spain and a cafe in Paris
Buying shoes and socks
Buying pizza and booking a flight
Winning the lottery and raining in LA
4
Which is a real-life example of conditional probability?
Tossing a coin and landing on heads
Getting a bonus if sales go up
Picking a red card from a deck
Rolling a dice and getting a six
5
You know of someone who bought a bike. What’s the chance they also bought a helmet? This question is about…
Weather patterns
Joint probability
Independence
Conditional probability
6
Which of these is an example of an independent event?
Rain and umbrella sales
Flipping a coin and rolling a die
Traffic and being late
Studying and passing a test
7
What is the probability of flipping a fair coin and getting heads?
0.5
1
2
0.3
8
A coffee shop wants to know how weather affects morning sales. Which kind of events are these?
Irrelevant
Independent
Dependent
Mutually exclusive
9
Two events are dependent if one affects the other.
False
True
10
Which of these is an example of an independent event?
A delivery truck breaking down and a delay in shipping
A customer ordering pizza and a storm in another city
A person skipping lunch and feeling tired
A customer clicking an ad and buying something
11
Why do businesses use probability in decision-making? Select all that apply.
To forecast demand
To make better decisions
To reduce risks
To make logos look cooler

Intro to Business Statistics: Probability Principles Flashcards | StudBud

Intro to Business Statistics: Probability Principles

11 termsStudBud Administration

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
Which of these situations best fits "mutually exclusive"?
Watching two movies in one day
Passing two tests
Having pizza with and without cheese
Being both in Paris and Berlin at the same time
2
If two events are independent, the probability of both happening is the product of their individual probabilities.
False
True
3
Which pair of events is most likely to be dependent?
A warehouse in Spain and a cafe in Paris
Buying shoes and socks
Buying pizza and booking a flight
Winning the lottery and raining in LA
4
Which is a real-life example of conditional probability?
Tossing a coin and landing on heads
Getting a bonus if sales go up
Picking a red card from a deck
Rolling a dice and getting a six
5
You know of someone who bought a bike. What’s the chance they also bought a helmet? This question is about…
Weather patterns
Joint probability
Independence
Conditional probability
6
Which of these is an example of an independent event?
Rain and umbrella sales
Flipping a coin and rolling a die
Traffic and being late
Studying and passing a test
7
What is the probability of flipping a fair coin and getting heads?
0.5
1
2
0.3
8
A coffee shop wants to know how weather affects morning sales. Which kind of events are these?
Irrelevant
Independent
Dependent
Mutually exclusive
9
Two events are dependent if one affects the other.
False
True
10
Which of these is an example of an independent event?
A delivery truck breaking down and a delay in shipping
A customer ordering pizza and a storm in another city
A person skipping lunch and feeling tired
A customer clicking an ad and buying something
11
Why do businesses use probability in decision-making? Select all that apply.
To forecast demand
To make better decisions
To reduce risks
To make logos look cooler