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    1 views2 pages

    Answer Key Quiz 2

    Uploaded by

    Anjali Lakra
    rfrddfcdfcd

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 2
    PGP 20 (Sees F & F) Quiz2 Full Marks—10 ‘Time: 15 mins ‘Topics: Probability and Random variable (QM) 1. Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price, and a 60% chance that fund B will rise in price given that fund A rises in price. What is the probability that both fund A and fund B will rise in price? (1) PCANB) = P(A) P(B/A) = 04x06. Ans. QO» 24 2. A company is bidding on two projects, A and B. The pro vability that the company wins project A is 0.40 and the probability that the company wins project B is 0.25. Winning project A and winning project B are independent events. What is the probability that the company wins project A or project B? (1) PCAUB) = PCA) + PCB) — PCA) PCB? Ans. (S55 = 0-4 + 025 (Om * 0125) = 0.4, The 3. Ah experiment consists of four outcomes with P(A:) = 0.1, P(Aa) = 0.3, and P(As probability of outcome Ayis__O*2 _. Explain your answer. (1) Explanation: “Thay ong Exhoustive events 4. If'a discrete random variable takes values 0,1,2 and 3, thea what is the value of F(6)? (1) a, cannot be determined bo «0 d._any value between 0 and 1 both exclusive ans. b 5. If correlation coefficient between two random variables X and Y is zero, then what conclusion will you draw regarding their relationship? (1) an. y Zy enon howe ~womlensor Aslahionslp /cordlation / assouation 6. Consider the following bivariate probability distribution of the random variables X and Y. (+1) x 7 Yt 2 3 1 0.05 0.18 0.26 2 0.12 0.06 0.04 3 0,05, 0.20 0,04 O18 -40!2G4 0-04 O'S +0106 + 0-04 ‘The value of P(X

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