QNT 561 Week 2 Weekly Learning Assessments - Assignment
QNT 561 Week 2 Weekly Learning Assessments - Score more in the weakly learning assignments by getting instant professional help from our learned experts.
QNT 561 Week 2 Weekly Learning Assessments - Score more in the weakly learning assignments by getting instant professional help from our learned experts.
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. Which concept of probability did you use to make this estimate?<br />
Chapter 5 Exercise 14<br />
The chair of the board of directors says, "There is a 50% chance this company will earn a<br />
profit, a 30% chance it will break even, and a 20% chance it will lose money next<br />
quarter."<br />
a. Use an addition rule to find the probability the company will not lose money next<br />
quarter. (Round your answer to 2 decimal places.)<br />
b. Use the complement rule to find the probability it will not lose money next quarter.<br />
(Round your answer to 2 decimal places.)<br />
Find the <strong>Week</strong>ly <strong>Learning</strong> Assessment answers here <strong>QNT</strong> <strong>561</strong> <strong>Week</strong> 2 <strong>Week</strong>ly <strong>Learning</strong><br />
<strong>Assessments</strong><br />
Chapter 5 Exercise 22<br />
A National Park Service survey of visitors to the Rocky Mountain region revealed that<br />
50% visit Yellowstone Park, 40% visit the Tetons, and 35% visit both.<br />
a. What is the probability a vacationer will visit at least one of these attractions? (Round<br />
your answer to 2 decimal places.)<br />
b. What is the probability .35 called?<br />
c. Are the events mutually exclusive?<br />
Chapter 5 Exercise 34<br />
P(A1) = .20, P(A2) = .40, and P(A3) = .40. P(B1|A1) = .25. P(B1|A2) = .05, and P(B1|A3) =<br />
.10.<br />
Use Bayes' theorem to determine P(A3|B1). (Round your answer to 4 decimal places.)
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