Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4,6 TrustPilot
logo-home
Exam (elaborations)

IOP2601 ASSIGNEMNT 2 SEMESTER 2 2024

Rating
-
Sold
-
Pages
8
Grade
A+
Uploaded on
26-08-2024
Written in
2024/2025

IOP2601 ASSIGNEMNT 2 SEMESTER 2 2024

Content preview

IOP2601 ASSIGNMENT 2 SEMESTER 2 2024




IOP2601 ASSIGNMENT 2 SEM 2 2024 GUIDE IS A PRODUCT OF INTERNAL AND
EXTERNAL RESEARCH THAT INCLUDES THE STUDY GUIDE, PRESCRIBED
TEXTBOOK, AND OTHER AUTHENTIC SOURCES.

, IOP2601 ASSIGNMENT 2 SEMESTER 2 2024

Question 1: Probability Calculation (11 marks)

This question involves determining the probabilities associated with Sonia and Jack winning

the Volunteer of the Year award. Below are the solutions:

1. Probability that Sonia will win first prize

Total nominations = 200

Sonia's nominations = 40

𝑆𝑜𝑛𝑖𝑎′ 𝑠 𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛𝑠
Probability = 𝑇𝑜𝑡𝑎𝑙 𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛𝑠


40
P(Sonia wins) = 200 = 0.20


2. Probability that Jack will win first prize

Jack's nominations = 20

Probability = 𝐽𝑎𝑐𝑘′𝑠 𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛𝑠 / 𝑇𝑜𝑡𝑎𝑙 𝑛𝑜𝑚𝑖𝑛𝑎𝑡𝑖𝑜𝑛𝑠

P (Jack wins) = 20/200 = 0.10

3. If Sonia wins first prize, what is the probability that Jack will win second prize?

After Sonia wins, 200 - 40 = 160 nominations remain.

P (Jack wins second) = 20/160 = 0.125

4. If Jack wins first prize, what is the probability that Sonia will win the second

prize?




After Jack wins, 200 - 20 = 180 nominations remain.

P (Sonia wins second) = 40/180 = 0.22

5. Probability that Sonia and Jack will win first and second prize respectively

Document information

Uploaded on
August 26, 2024
Number of pages
8
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

R70,00
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
tatendamuzavazi financial intelligence
View profile
Follow You need to be logged in order to follow users or courses
Sold
1269
Member since
4 year
Number of followers
694
Documents
831
Last sold
2 weeks ago
Financial Intelligence Group

We offer assignment packs and summarized notes with vivid up-to-date examples and illustrations for different commercial and humanities degrees. Our aim is to make the learning process easier for the students in colleges and universities.

3,7

185 reviews

5
77
4
33
3
44
2
10
1
21

Trending documents

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions