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Reading 8: Probability Concepts - LOS e, (Part 3) ~ Q1-3

Q1. A very large company has equal amounts of male and female employees. If a random sample of four employees is selected, what is the probability that all four employees selected are female?

A)   0.0256

B)   0.1600

C)   0.0625.

 

Q2. A joint probability of A and B must always be:

A)   greater than or equal to the conditional probability of A given B.

B)   less than or equal to the conditional probability of A given B.

C)   less than the probability of A and the probability of B.

Q3. Which of the following is a joint probability? The probability that a:

A)     stock pays a dividend and splits next year.

B)     company merges with another firm next year.

C)     stock increases in value after an increase in interest rates has occurred.

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d

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d

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d

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