BMGT 230 TEST 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

BMGT 230 TEST 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
P(A and B) = - CORRECT ANSWER - P(A) * P(B|A)



if P(A) > 0, then P(B|A) = - CORRECT ANSWER - P(A and B) / P(A)



Sample Space - CORRECT ANSWER - Set or list of ALL possible outcomes of a random
process


What is a probabilities range? - CORRECT ANSWER - 0 <= P <= 1



Mutually Exclusive??? - CORRECT ANSWER - -events contain NO common outcomes
-Intersection is empty
-They can't BOTH happen


The Addition (OR) Rule
Mutually Exclusive... A,B

P(A or B) = - CORRECT ANSWER - P(A) + P(B)



Name some examples of Mutually Exclusive events... - CORRECT ANSWER - -Roll a 2
and 6
-Draw a K and Q


Simple Events??? - CORRECT ANSWER - -contain one outcome
-ARE mutually exclusive
-equally likely