Question

Discuss the concepts of mutually exclusive events and independent events. List several examples of each type...

Discuss the concepts of mutually exclusive events and independent events. List several examples of each type of event from everyday life.

  1. If A and B are mutually exclusive events, does it follow that A and B cannot be independent events? Give an example to demonstrate your answer. Hint: Discuss an election where only one person can win the election. Let A be the event that party A's candidate wins, and let B be the event that party B's candidate wins. Does the outcome of one event determine the outcome of the other event? Are A and B mutually exclusive?

  2. Discuss the conditions under which P(A and B) = P(A) · P(B) is true. Under what conditions is this not true?
  3. Discuss the conditions under which P(A or B) = P(A) + P(B) is true. Under what conditions is this not true?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Assume that we have two events, A and B , that are mutually exclusive. Assume further...
Assume that we have two events, A and B , that are mutually exclusive. Assume further that we know P(A) = 0.2 and P(B) = 0.8 . If an amount is zero, enter "0 ". A. What is P(A intersect B)? B. What is P(A|B)? C. A student in statistics argues that the concepts of mutually exclusive events and independent events are really the same, and that if events are mutually exclusive they must be independent. Is this statement accurate?...
Decide whether the events are mutually exclusive. Being one of the tallest people in the United...
Decide whether the events are mutually exclusive. Being one of the tallest people in the United States and being under 4 feet tall Are the events mutually exclusive? A. Yes. In order for one of the events to​ occur, both events must occur simultaneously. B. Yes. It is not possible for both events to occur simultaneously. C.No. Neither event can ever occur. D: No. It is possible for both events to occur simultaneously.
determine where events b and c are independent, mutually exclusive both or neither. P(B) = 0.56...
determine where events b and c are independent, mutually exclusive both or neither. P(B) = 0.56 P(B and C) =0.12 P(C)=0.23
(a) State what it means for two events A and B to be “mutually exclusive”. (b)...
(a) State what it means for two events A and B to be “mutually exclusive”. (b) Ian believes that the probability he will get a Credit in Statistics is 0.7, and the probability he will get a Credit in Accounting is 0.5. These events are independent. What is the probability that Ian will get a Credit in at least one of these two subjects? (c) Out of all the applicants for a particular job: half are female and half are...
MC0402: Suppose there are two events, A and B. The probability of event A is P(A)...
MC0402: Suppose there are two events, A and B. The probability of event A is P(A) = 0.3. The probability of event B is P(B) = 0.4. The probability of event A and B (both occurring) is P(A and B) = 0. Events A and B are: a. 40% b. 44% c. 56% d. 60% e. None of these a. Complementary events b. The entire sample space c. Independent events d. Mutually exclusive events e. None of these MC0802: Functional...
1. Indicate if each of the following is true or false. If false, provide a counterexample....
1. Indicate if each of the following is true or false. If false, provide a counterexample. (a) The mean of a sample is always the same as the median of it. (b) The mean of a population is the same as that of a sample. (c) If a value appears more than half in a sample, then the mode is equal to the value. 2. (Union and intersection of sets) Let Ω = {1,2,...,6}. Suppose each element is equally likely,...
1) A candidate sits for an examination consisting of 20 MCQ questions. All questions consist of...
1) A candidate sits for an examination consisting of 20 MCQ questions. All questions consist of 4 options, each option equally as likely to be the correct answer. 2 marks are awarded if a question is answered correctly, 1 mark is deducted if incorrectly answered, and no marks are awarded if a question was left blank. The candidate realises he has a 50% probability of correctly answering each of the questions Q1 to Q10, but he does not know how...
A bank has developed a set of criteria for evaluating distressed credit of company. Companies that...
A bank has developed a set of criteria for evaluating distressed credit of company. Companies that passed the test will go bankrupt (non-survivor) with probability 0.4. There are 55% of the companies passed the test. The probability that a company did not pass the test will subsequently survive is 0.10 a. What is the probability that a random company will survive (not going to bankrupt)?      b. A random survived company is selected, what is the probability that company passed...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme values in the data set is the a. range b. median c. mode d. mean 2. If two events are independent, then a. they must be mutually exclusive b. the sum of their probabilities must be equal to one c. their intersection must be zero d. None of these alternatives is correct. any value between 0 to 1 3. Two events, A and B,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT