Textbook Notes (363,452)
Chapter

# Ch6.1 Solutions.pdf

2 Pages
164 Views

School
Seneca College
Department
Course
Professor
Nabil Ayoub
Semester
Winter

Description
Chapter 6.1 6.1 a Relative frequency approach b If the conditions today repeat themselves an infinite number of days rain will fall on 10% of the next days. 6.2 a Subjective approach b If all the teams in major league baseball have exactly the same players the New York Yankees will win 25% of all World Series. 6.3 a {a is correct, b is correct, c is correct, d is correct, e is correct} b P(a is correct) = P(b is correct) = P(c is correct) = P(d is correct) = P(e is correct) = .2 c Classical approach d In the long run all answers are equally likely to be correct. 6.4 a Subjective approach b The Dow Jones Industrial Index will increase on 60% of the days if economic conditions remain unchanged. 6.5 a P(even number) = P(2) + P(4) + P(6) = 1/6 + 1/6 + 1/6 = 3/6 = 1/2 b P(number less than or equal to 4) = P(1) + P(2) + P(3) + P(4) = 1/6 + 1/6 + 1/6 +1/6 = 4/6 = 2/3 c P(number greater than or equal to 5) = P(5) + P(6) = 1/6 + 1/6 = 2/6 = 1/3 6.6 {Adams wins. Brown wins, Collins wins, Dalton wins} 6.7a P(Adams loses) = P(Brown wins) + P(Collins wins) + P(Dalton wins) = .09 + .27 + .22 = .58 b P(either Brown or Dalton wins) = P(Brown wins) + P(Dalton wins) = .09 + .22 = .31 c
More Less

Related notes for International Business QNM222

OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Join to view

OR

By registering, I agree to the Terms and Privacy Policies
Just a few more details

So we can recommend you notes for your school.