STAT1036

2015-16
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A dart is thrown at a board and is equally likely to land in any one of eight squares numb
Event dart lands in square 5 or 8, B = Event dart lands in square 2, 3, or 4; and C = Eve
or 6.

Tasks: From the information provided above calculate the following probabilities: (1) P(A
and C), (4) P(AB), (e) P(BC), and (5) P(CA). (6) Indentify the two events that are mutua
events that are statistically independent

Solution:

(1)

(2)

(3)

(4)

(5)

(6)

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of eight squares numbered 1 to 8 inclusive. Let A =

, 3, or 4; and C = Event dart lands in square 1, 2, 5

probabilities: (1) P(A and B), (2) P(A and C), (3) P(B
events that are mutually exclusive and the two

Note: means "conditional on", i.e., "given th

onal on", i.e., "given that . has occurred"

STAT1036
-2015-16
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your name
and
quest

Bakers Ltd is currently in the process of reviewing the credit line available to supermark
a 100,000 credit line the profit is estimated to be 24,000 with a variance of 9,000,00

Tasks: (1) Calculate the probability that the profit (X) is greater than 29,500. (2) Calcula
the standard normal distribution. Note: remember to always clearly define the variable o
the population parameters if available, and/or the sample statistics if available).
Solution:

Define the variable of interest and summarise the information you are given here below
Let X be

(1)

Pr(X > ?) =

(2)

Pr(X > ?) = Pr(Z > ?) =

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ailable to supermarkets who they have defined as a good or bad risk. Based upon
variance of 9,000,000 2.

n 29,500. (2) Calculate the probability that the profit is greater than 32,000 using
define the variable of interest and summarise the information you are given (e.g.,
if available).

are given here below:

ions of the