BUS219 Chapter 4  Determine whether the following
BUS219
Chapter 4  Book Exercises
Section 4.1:
1.) Determine whether the following probabilities are best categorized as subjective, empirical, or classical probabilities.
a. Before flipping a fair coin, Sunil assesses that he has a 50% chance of obtaining tails.
b. At the beginning of the semester, John believes he has a 90% chance of receiving straight A’s.
c. A political reporter announces that there is a 40% chance that the next person to come out of the conference room will be a Republican, since there are 60 Republicans and 90 Democrats in the room.
Section 4.2: Show your work.
11.) Let P(A) = 0.65, P(B) = 0.30, and P(A\B) = 0.45.
a. Calculate P(A ∩ B).
b. Calculate P(A ∪ B).
c. Calculate P(B\A).
Section 4.3:
33.) Consider the following contingency table:
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a. Convert the contingency table into a joint probability table.
b. What is the probability that A occurs?
c. What is the probability that A and B occur?
d. Given that B has occurred, what is the probability that A occurs?
e. Given that Ac has occurred, what is the probability that B occurs?
f. Are A and B mutually exclusive events? Explain.
g. Are A and B independent events? Explain.
Section 4.5:
53.) Twenty cancer patients volunteer for a clinical trial. Ten of the patients will receive a placebo and 10 will receive the trial drug. In how many different ways can the researchers select 10 patients to receive the trial drug from the total of 20?
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Solution: BUS219 Chapter 4  Determine whether the following