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Exam (elaborations)

ETS Exam-Quantitative Business Analysis Questions All Answered Correct Set.

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Probability - Answer likelihood that a particular event will happen Probability Formula - Answer Favorable Outcomes/Total Possible Outcomes Statistics - Answer the collection and classification of data that are in the form of numbers Measure of set operations - Answer the process of counting the number of elements within a set that results from performing a set operation like union or intersection on two or more sets union - Answer count the total number of elements that are in either set A or set B, or both intersection - Answer count the number of elements that are common to both set A and set B complement - Answer The complement of a set A within a universal set U is the set of all elements in U that are not in A Conditional Probabilities - Answer The probability of one event given the known outcome of a (possibly) related event. joint probabilities - Answer The probability of two events both occurring; that is, the probability of the intersection of two events. Counting Rules - Answer efficient means by which we can calculate the exact number of potential outcomes for an experiment fundamental counting principle - Answer if an event can happen in N ways, and another, independent event can happen in M ways, then both events together can happen in N x M ways. addition rule of counting - Answer if there are

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ETS Business
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ETS Business

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Uploaded on
November 8, 2025
Number of pages
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Written in
2025/2026
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Exam (elaborations)
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ETS Exam-Quantitative Business
Analysis Questions All Answered
Correct 2025-2026 Set.
Probability - Answer likelihood that a particular event will happen



Probability Formula - Answer Favorable Outcomes/Total Possible Outcomes



Statistics - Answer the collection and classification of data that are in the form of numbers



Measure of set operations - Answer the process of counting the number of elements within a
set that results from performing a set operation like union or intersection on two or more sets



union - Answer count the total number of elements that are in either set A or set B, or both



intersection - Answer count the number of elements that are common to both set A and set B



complement - Answer The complement of a set A within a universal set U is the set of all
elements in U that are not in A



Conditional Probabilities - Answer The probability of one event given the known outcome of a
(possibly) related event.



joint probabilities - Answer The probability of two events both occurring; that is, the
probability of the intersection of two events.



Counting Rules - Answer efficient means by which we can calculate the exact number of
potential outcomes for an experiment



fundamental counting principle - Answer if an event can happen in N ways, and another,
independent event can happen in M ways, then both events together can happen in N x M
ways.

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