
OPRE quiz 2
Authored by Skillius BL
Financial Education
University
Used 1+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Florida lottery system uses the random selection of 6 integers from a group of 53 to determine the weekly winner. Determine the number of ways integers can be selected from a group of 53.
6
16,529,385,600
22,957,480
38,160
2.
OPEN ENDED QUESTION
3 mins • 1 pt
An MBA new-matriculants survey provided the following data for 2018 students whether they Applied to More Than One School:
Given that a person applied for more than one school, what is the probability the person is 24-26 years old? Round to 4 decimal places.
Evaluate responses using AI:
OFF
Answer explanation
.3700
3.
OPEN ENDED QUESTION
3 mins • 1 pt
Refer again to the data from MBA new matriculants survey:
Applied to More Than One School:
Given that a person person is in 36-and-over age group, what is the probability the person applied to more than one school? Round to 4 decimal places.
Evaluate responses using AI:
OFF
Answer explanation
.2318
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If A and B are independent events with P(A) = .05 and P(B) = .65, then P(A | B) = _____.
.8
.0325
.65
.05
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If A and B are independent events with P(A) = .2 and P(B) = .6, then P(A ∪ B) = _____.
.60
.68
.12
.62
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If A and B are mutually exclusive events with P(A) = .3 and P(B) = 0.5, then P(A ∩ B) =
.20
0
.15
.30
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A description of how the probabilities are distributed over the values the random variable can assume is called a(n) _____.
probability distribution
probability function
random variable
expected value
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