BESC 3010 chapter 4 Questions and
Answers | Latest Update | 2024/2025 |
Rated A+
What does a probability of 1 indicate?
A probability of 1 means the event is certain to occur.
What is the intersection of events, and how is it different from the union?
The intersection of events is the s...
BESC 3010 chapter 4 Questions and
Answers | Latest Update | 2024/2025 |
Rated A+
What does a probability of 1 indicate?
✔✔A probability of 1 means the event is certain to occur.
What is the intersection of events, and how is it different from the union?
✔✔The intersection of events is the set of outcomes where all events happen, while the union is
the set of outcomes where at least one event occurs.
What is a tree diagram in probability?
✔✔A tree diagram is a visual representation of possible outcomes of an event sequence, showing
paths and their probabilities.
What is the probability of drawing an ace from a standard deck of cards?
✔✔The probability is 4 out of 52, or about 0.077, since there are four aces in a 52-card deck.
Explain why probabilities are always between 0 and 1.
1
, ✔✔Probabilities represent likelihoods, so they range from 0 (impossible) to 1 (certain), covering
all possible chances of occurrence.
What does it mean to have an outcome space in probability?
✔✔The outcome space, or sample space, is the collection of all possible results for an
experiment, used to calculate probabilities.
How can conditional probability change based on new information?
✔✔Conditional probability is updated based on new information, which can increase or decrease
the likelihood of the event occurring.
What is the probability of rolling an even number on a six-sided die?
✔✔The probability is 3 out of 6, or 0.5, since there are three even numbers (2, 4, and 6) on a six-
sided die.
How is probability used to measure uncertainty?
✔✔Probability quantifies uncertainty by assigning a likelihood to different possible outcomes,
helping to predict and make decisions in uncertain situations.
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.92. You're not tied to anything after your purchase.