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Business Statistics
1. A type of probability assumes that each outcome of the experiment is equally likely, and the
probability of an event is the ratio of the number of outcomes in the event over the size of the
sample space.
a. Classical Probability c. Subjective Probability
b. Conditional Probability d. Relative Frequency of Occurrence
2. Probability assigns a probability to an event as the proportion of times that the event occurs as
the outcome of the experiment in the long run.
a. Classical Probability c. Subjective Probability
b. Conditional Probability d. Relative Frequency of Occurrence
3. Probability that based on the beliefs of the person making the probability assessment.
a. Classical Probability c. Subjective Probability
b. Conditional Probability d. Relative Frequency of Occurrence
4. Probability of an event occurring when it is known that some of an event has occurred.
a. Classical Probability c. Subjective Probability
b. Conditional Probability d. Relative Frequency of Occurrence
5. A probability that also know as the priori probability.
a. Classical Probability c. Subjective Probability
b. Conditional Probability d. Relative Frequency of Occurrence
1. Consider the experiment of drawing a card on a deck of 52 playing cards. What is the
probability of drawing a red card at the same time a face card? (5pts)
2. Using the experiment in no.1, what is the probability of drawing a face card and an ace
card? (5pts)
3. Consider an experiment in which 2 cards are drawn in succession rom an ordinary deck
of 52 cards with replacement. Find the probability if the events are defined as (10pts)
A : the first card is heart
B : the second card is a spade.
4. The cards are drawn in succession without replacement from an ordinary deck of playing
cards. Find the probability that the card is a red ace, the second card is a queen or king,
and the third card is greater than 4 and less than 10. (5pts)
5. If a card is drawn at random from an ordinary deck of 52 cards, find the probability that it
is:
a. a diamond (3pts)
b. a red card (3pts)
c. a heart or spade (3pts)
d. not an ace (3pts)
e. a black card or a king (3pts)
Final Term Period in Business Statistics
Academic Year 2017-2018
6. Two cards are drawn in succession from a deck without replacement. What is the
probability that both cards are red? If the first card will be returned, what is the
probability that the first card is an ace and the second is a face card. (10 pts)