Deck 5: Introduction to Probability

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Question
If an experiment has only two unique possible outcomes, then the probability of getting one of those two outcomes is 0.5.
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Question
Suppose there are seven jelly beans in a bowl-three red and four blue. If a jelly bean is selected at random, what is the probability that it is blue?

A)2/7
B)3/7
C)4/7
D)5/7
Question
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   Assuming that this result is representative of the college, estimate the probability that a randomly chosen employee who tested positive has TB.</strong> A)89.1% B)84.0% C)13.3% D)61.8% <div style=padding-top: 35px> Assuming that this result is representative of the college, estimate the probability that a randomly chosen employee who tested positive has TB.

A)89.1%
B)84.0%
C)13.3%
D)61.8%
Question
The _____ of a test is the probability that the test will give a negative result for a person who does not have the disease.

A)specificity
B)sensitivity
C)false positive
D)true negative
Question
Suppose the inside bottom of a box is painted with three colors: one-third of the bottom area is blue, one-sixth is red, and one-half is yellow. If you toss a tiny pebble into the box without aiming, what is the probability the pebble will NOT land on the color blue?

A)2/3
B)1/3
C)5/6
D)1/2
Question
_____ probability is the probability that one event occurs given that another has occurred.

A)Recurrent
B)Disjunctive
C)Conditional
D)Predictive
Question
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   What percentage of the individuals in the study were false negatives?</strong> A)75.9% B)2.5% C)13.3% D)8.2% <div style=padding-top: 35px> What percentage of the individuals in the study were false negatives?

A)75.9%
B)2.5%
C)13.3%
D)8.2%
Question
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   For what percentage of the individuals in the study did the test return an INCORRECT result?</strong> A)89.1% B)34.0% C)15.8% D)10.8% <div style=padding-top: 35px> For what percentage of the individuals in the study did the test return an INCORRECT result?

A)89.1%
B)34.0%
C)15.8%
D)10.8%
Question
Suppose you pick a marble from a box containing five red and seven blue marbles. You record the color and put the marble back in the box. What is the probability of getting a red marble both times if you do this twice?

A)5/12
B)4/11
C)25/144
D)5/33
Question
If an event can never occur, then the probability of the event is:

A)-1
B)0
C)0.5
D)1
Question
A friend claims that it will rain today with probability 30% and tomorrow with probability four times as great as today. Which of the following is CORRECT?

A)The claim can be true because it is more likely to rain tomorrow if we have rain today.
B)The claim cannot be true because raining tomorrow is not guaranteed.
C)The claim can be true because it is possible to have rain tomorrow.
D)The claim cannot be true because any probability is between 0 and 1.
Question
The prevalence of a disease in a given population is the percentage of the population that does NOT have the disease.
Question
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   What percentage of the individuals in the study who had TB tested negative?</strong> A)3.2% B)2.5% C)16.0% D)8.0% <div style=padding-top: 35px> What percentage of the individuals in the study who had TB tested negative?

A)3.2%
B)2.5%
C)16.0%
D)8.0%
Question
Michael and Surrey are planning to have three children. Assuming it is equally likely for a boy or a girl to be born, what is the probability that at least one of their children will be a boy?

A)1/8
B)3/8
C)5/8
D)7/8
Question
The probability of passing Professor Avila's math class is 65%, the probability of passing Professor Reid's biology class is 45%, and the probability of passing both is 25%. What is the probability of passing one or the other?

A)75%
B)85%
C)70%
D)110%
Question
A city study finds that the probability of a car running a red light at a certain intersection during any given day is 9.6%. What is the probability that a car will NOT run the red light on a given day?

A)8.6%
B)96.0%
C)4.0%
D)90.4%
Question
If each outcome of an experiment is equally likely, the _____ of an event is a fraction of favorable outcomes.

A)chances
B)odds
C)probability
D)success
Question
Suppose a coin is tossed three times and we count the total number of heads. How many possible outcomes are there?

A)3
B)4
C)5
D)6
Question
The _____ of a test is the probability that the test will detect the disease in a person who does have the disease.

A)specificity
B)sensitivity
C)false positive
D)true negative
Question
Suppose there are 15 jelly beans in a bowl-3 green, 5 blue, and 7 red. A jelly bean is selected at random. What is the probability the jelly bean is NOT blue?

A)1/3
B)2/3
C)7/15
D)8/15
Question
How many outcomes are possible if we toss a coin 10 times?

A)20
B)256
C)512
D)1024
Question
You toss a coin and then roll a die. What is the probability that you get a head followed by a 4?

A)1/4
B)5/12
C)1/12
D)1/2
Question
Two events, A and B, are independent exactly when P(A or
B) = P(A) + P(B).

A)True
B)False
Question
A shirt company has three designs that can be made with either short or long sleeves. There are six colors available. How many different types of shirts are available?

A)11
B)18
C)24
D)36
Question
The area of the Unites States is 3.79 million square miles, and Alaska covers 0.59 million square miles. Suppose a meteorite falls from the sky and strikes Earth. What is the probability the meteorite strikes Alaska given it strikes the United States?

A)15.6%
B)5.9%
C)37.9%
D)22.4%
Question
Suppose you toss a pair of dice. What is the probability that the total number of dots appearing is greater than 7?

A)1/4
B)1/3
C)5/12
D)7/12
Question
You roll a die twice. The event of getting an even number on the first roll and another event of getting an odd number on the second roll are independent.
Question
You toss a coin three times. What is the probability of getting three heads?

A)1/2
B)1/3
C)1/6
D)1/8
Question
In a standard deck of cards, the jack, queen, and king are called face cards. If you randomly choose a card from the deck, what is the probability that it is a jack or queen given that it is a face card?

A)1/3
B)2/3
C)10/13
D)3/52
Question
You are voting in a state election. There are three candidates for governor, five candidates for lieutenant governor, four candidates for the state house of representatives, and two candidates for senator. How many different ways could you fill out the ballot if you vote once for each office?

A)14
B)60
C)64
D)120
Question
A bag contains three red cubes, two blue cubes, four red balls, and three blue balls. When you draw a ball at random, what is the probability that the color is blue?

A)5/12
B)3/7
C)2/5
D)3/12
Question
Susan bakes 10 chocolate chip and 10 peanut butter cookies. Will bakes 6 chocolate chip and 12 peanut butter cookies. The 38 cookies are put together and offered on a single plate. If you select a cookie from the plate at random, what is the probability that the cookie is peanut butter, given that Will baked it?

A)5/8
B)11/19
C)6/19
D)2/3
Question
The following table gives the results of a screening test for a disease: <strong>The following table gives the results of a screening test for a disease:   Estimate the specificity of the test.</strong> A)69.2% B)72.0% C)32.0% D)53.3% <div style=padding-top: 35px> Estimate the specificity of the test.

A)69.2%
B)72.0%
C)32.0%
D)53.3%
Question
Suppose you toss a pair of dice. What is the probability that the total number of dots appearing is 6?

A)5/6
B)5/36
C)1/6
D)25/36
Question
Suppose you randomly choose two cards from a thoroughly shuffled deck. If you put the first card back in the deck before you draw the second, what is the probability that the first card is an ace and the second card is a king?

A)2/13
B)1/169
C)1/221
D)3/676
Question
The following table gives the results of a screening test for a disease: <strong>The following table gives the results of a screening test for a disease:   Estimate the sensitivity of the test.</strong> A)18.5% B)80.6% C)23.7% D)53.3% <div style=padding-top: 35px> Estimate the sensitivity of the test.

A)18.5%
B)80.6%
C)23.7%
D)53.3%
Question
A shoe store sells one brand of shoe in five styles, six sizes, and three colors. How many different types of shoes are available?

A)33
B)90
C)14
D)150
Question
Suppose you randomly choose two cards from a thoroughly shuffled deck. If you do NOT put the first card back in the deck before you draw the second, what is the probability that the first card is club and the second card is a spade?

A)13/204
B)2/51
C)1/16
D)1/17
Question
Two experiments are _____ if knowing that one event occurs has no effect on the probability of the occurrence of the other.

A)dependent
B)independent
C)inclusive
D)exclusive
Question
The telephone numbers in a small town either begin 373 or 377. How many telephone numbers are available?

A)10,000
B)20,000
C)30,000
D)40,000
Question
You draw three cards from a full deck without jokers. What is the probability that they will all be clubs?

A)0.017
B)0.013
C)0.016
D)0.012
Question
A teacher keeps track of the number of absences in a class each day along with their probabilities. Her results are in this table: <strong>A teacher keeps track of the number of absences in a class each day along with their probabilities. Her results are in this table:   What is the expected number of absences for any given day?</strong> A)1.8 B)2.3 C)3.2 D)3.8 <div style=padding-top: 35px> What is the expected number of absences for any given day?

A)1.8
B)2.3
C)3.2
D)3.8
Question
Suppose there is a group of nine people from whom we will make a committee. In how many ways could a four-person committee be selected?

A)3024
B)36
C)24
D)126
Question
A candy jar has 12 different pieces of candy in it. If you want to select 2 pieces, how many choices do you have?

A)66
B)132
C)24
D)23
Question
You draw five cards from a full deck without jokers. What is the probability that you have at least one face card (jack, queen, or king)?

A)45.9%
B)65.8%
C)74.7%
D)82.9%
Question
An ice cream parlor sells 10 flavors. If you'd like a bowl with three scoops, each a different flavor, how many choices do you have?

A)720
B)120
C)60
D)30
Question
A _____ of a group of items is a selection from that group in which order is not taken into account.

A)combination
B)listing
C)permutation
D)sequence
Question
For a game, the average amount you can expect to win (or lose) per play in the long run can be measured by:

A)standard value.
B)winning wager.
C)expected value.
D)value at risk.
Question
If a license plate uses a three-digit number followed by three letters of the English alphabet, how many license plates can be made?

A)17,576,000
B)15,818,400
C)14,040,000
D)11,232,000
Question
A _____ of items is an arrangement of the items in a certain order.

A)combination
B)listing
C)permutation
D)sequence
Question
Bob and Will toss two coins. If both coins come up heads, Bob pays Will $6. Will pays Bob $2 otherwise. What is the expected value of this game for Bob?

A)$0.25
B)$0.50
C)$0.00
D)$4.00
Question
The total number of ways to arrange n distinct items without repetition is:

A). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).   <div style=padding-top: 35px>
B) <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).   <div style=padding-top: 35px>
C). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).   <div style=padding-top: 35px>
D). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).   <div style=padding-top: 35px>
Question
An economist estimates that casinos in California net $6 billion each year. Assume that overall the casinos take in 4.25% of the money wagered. How much money was bet in California last year?

A)$141 billion
B)$26 billion
C)$71 billion
D)$165 billion
Question
A game is said to be fair if the expected value is:

A)positive.
B)negative.
C)large.
D)zero.
Question
We have a box with six green marbles, five blue marbles, and seven red marbles. We choose three marbles from the box at random without looking. What is the probability that they will all be blue?

A)0.010
B)0.026
C)0.021
D)0.012
Question
We have a box with six green marbles, five blue marbles, and seven red marbles. We choose three marbles from the box at random without looking. What is the probability that none of them will be blue?

A)0.38
B)0.29
C)0.45
D)0.35
Question
Seven horses are running in a race. In how many ways can we have first-, second-, and third-place finishers, assuming there are no ties?

A)35
B)210
C)10
D)6
Question
You draw three cards from a full deck without jokers. What is the probability that they will all be face cards (jacks, queens, or kings)?

A)0.010
B)0.013
C)0.012
D)0.009
Question
There are seven candidates running for the presidential and vice-presidential nomination. How many different ways are there of selecting presidential and vice-presidential candidates from the field?

A)14
B)13
C)49
D)42
Question
The _____ is the belief that a string of losses in the past will be compensated by wins in the future.

A)law of large numbers
B)gambler's bet
C)gambler's fallacy
D)winning wager
Question
In a dice game, you win if the two dice come up 10 or higher. Otherwise, you lose $1. What should be the profit for winning to make this game fair?

A)$4
B)$5
C)$6
D)$7
Question
Suppose you decide to open a casino offering only one game. You win a dollar 55% of the time, and your customer wins a dollar 45% of the time. How much profit would you expect to have if 7500 games are played?

A)$500
B)$750
C)$1000
D)$1250
Question
You are playing a card game using a full deck without jokers. If you select a face card (jack, queen, or king), you win $6; otherwise, you lose $3. What is the expected value for this game?

A)-$0.92
B)$0.92
C)-$3.69
D)$3.69
Question
What is your expected value for a game if your probability of winning is 1/5 and your profit is three times your wager? Assume the wager is $1.

A)$0.20
B)-$0.20
C)-$1.40
D)$1.40
Question
What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1. <strong>What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1.  </strong> A)$1.30 B)-$1.30 C)$0.10 D)-$0.10 <div style=padding-top: 35px>

A)$1.30
B)-$1.30
C)$0.10
D)-$0.10
Question
Each question on a multiple-choice exam has four choices. One of the choices is correct, worth four points. Another choice is wrong but carries partial credit of one point. The other two choices are wrong and worth negative one point. If a student picks answers at random, what is the expected value of his or her score for a problem?

A)0.25
B)1.25
C)0.75
D)1.50
Question
You play a gambling game with a friend in which you win 25% of the time and lose 75% of the time. When you lose, you lose $1. What profit should you earn when you win, in order for the game to be fair?

A)$1
B)$2
C)$3
D)$4
Question
You roll a pair of dice. You bet $1 that you will get 2, 3, or 12. If you win, you are paid $9, for a profit of $8; if you lose, you lose your wager. This is a fair game.
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Deck 5: Introduction to Probability
1
If an experiment has only two unique possible outcomes, then the probability of getting one of those two outcomes is 0.5.
True
2
Suppose there are seven jelly beans in a bowl-three red and four blue. If a jelly bean is selected at random, what is the probability that it is blue?

A)2/7
B)3/7
C)4/7
D)5/7
C
3
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   Assuming that this result is representative of the college, estimate the probability that a randomly chosen employee who tested positive has TB.</strong> A)89.1% B)84.0% C)13.3% D)61.8% Assuming that this result is representative of the college, estimate the probability that a randomly chosen employee who tested positive has TB.

A)89.1%
B)84.0%
C)13.3%
D)61.8%
D
4
The _____ of a test is the probability that the test will give a negative result for a person who does not have the disease.

A)specificity
B)sensitivity
C)false positive
D)true negative
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5
Suppose the inside bottom of a box is painted with three colors: one-third of the bottom area is blue, one-sixth is red, and one-half is yellow. If you toss a tiny pebble into the box without aiming, what is the probability the pebble will NOT land on the color blue?

A)2/3
B)1/3
C)5/6
D)1/2
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6
_____ probability is the probability that one event occurs given that another has occurred.

A)Recurrent
B)Disjunctive
C)Conditional
D)Predictive
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7
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   What percentage of the individuals in the study were false negatives?</strong> A)75.9% B)2.5% C)13.3% D)8.2% What percentage of the individuals in the study were false negatives?

A)75.9%
B)2.5%
C)13.3%
D)8.2%
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8
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   For what percentage of the individuals in the study did the test return an INCORRECT result?</strong> A)89.1% B)34.0% C)15.8% D)10.8% For what percentage of the individuals in the study did the test return an INCORRECT result?

A)89.1%
B)34.0%
C)15.8%
D)10.8%
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9
Suppose you pick a marble from a box containing five red and seven blue marbles. You record the color and put the marble back in the box. What is the probability of getting a red marble both times if you do this twice?

A)5/12
B)4/11
C)25/144
D)5/33
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10
If an event can never occur, then the probability of the event is:

A)-1
B)0
C)0.5
D)1
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11
A friend claims that it will rain today with probability 30% and tomorrow with probability four times as great as today. Which of the following is CORRECT?

A)The claim can be true because it is more likely to rain tomorrow if we have rain today.
B)The claim cannot be true because raining tomorrow is not guaranteed.
C)The claim can be true because it is possible to have rain tomorrow.
D)The claim cannot be true because any probability is between 0 and 1.
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12
The prevalence of a disease in a given population is the percentage of the population that does NOT have the disease.
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13
ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study: <strong>ABC College is using a new screening test to test its employees for TB. The following table shows the results of a pilot study:   What percentage of the individuals in the study who had TB tested negative?</strong> A)3.2% B)2.5% C)16.0% D)8.0% What percentage of the individuals in the study who had TB tested negative?

A)3.2%
B)2.5%
C)16.0%
D)8.0%
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14
Michael and Surrey are planning to have three children. Assuming it is equally likely for a boy or a girl to be born, what is the probability that at least one of their children will be a boy?

A)1/8
B)3/8
C)5/8
D)7/8
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15
The probability of passing Professor Avila's math class is 65%, the probability of passing Professor Reid's biology class is 45%, and the probability of passing both is 25%. What is the probability of passing one or the other?

A)75%
B)85%
C)70%
D)110%
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16
A city study finds that the probability of a car running a red light at a certain intersection during any given day is 9.6%. What is the probability that a car will NOT run the red light on a given day?

A)8.6%
B)96.0%
C)4.0%
D)90.4%
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17
If each outcome of an experiment is equally likely, the _____ of an event is a fraction of favorable outcomes.

A)chances
B)odds
C)probability
D)success
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18
Suppose a coin is tossed three times and we count the total number of heads. How many possible outcomes are there?

A)3
B)4
C)5
D)6
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19
The _____ of a test is the probability that the test will detect the disease in a person who does have the disease.

A)specificity
B)sensitivity
C)false positive
D)true negative
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Unlock Deck
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20
Suppose there are 15 jelly beans in a bowl-3 green, 5 blue, and 7 red. A jelly bean is selected at random. What is the probability the jelly bean is NOT blue?

A)1/3
B)2/3
C)7/15
D)8/15
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21
How many outcomes are possible if we toss a coin 10 times?

A)20
B)256
C)512
D)1024
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22
You toss a coin and then roll a die. What is the probability that you get a head followed by a 4?

A)1/4
B)5/12
C)1/12
D)1/2
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23
Two events, A and B, are independent exactly when P(A or
B) = P(A) + P(B).

A)True
B)False
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24
A shirt company has three designs that can be made with either short or long sleeves. There are six colors available. How many different types of shirts are available?

A)11
B)18
C)24
D)36
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25
The area of the Unites States is 3.79 million square miles, and Alaska covers 0.59 million square miles. Suppose a meteorite falls from the sky and strikes Earth. What is the probability the meteorite strikes Alaska given it strikes the United States?

A)15.6%
B)5.9%
C)37.9%
D)22.4%
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26
Suppose you toss a pair of dice. What is the probability that the total number of dots appearing is greater than 7?

A)1/4
B)1/3
C)5/12
D)7/12
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27
You roll a die twice. The event of getting an even number on the first roll and another event of getting an odd number on the second roll are independent.
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28
You toss a coin three times. What is the probability of getting three heads?

A)1/2
B)1/3
C)1/6
D)1/8
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29
In a standard deck of cards, the jack, queen, and king are called face cards. If you randomly choose a card from the deck, what is the probability that it is a jack or queen given that it is a face card?

A)1/3
B)2/3
C)10/13
D)3/52
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30
You are voting in a state election. There are three candidates for governor, five candidates for lieutenant governor, four candidates for the state house of representatives, and two candidates for senator. How many different ways could you fill out the ballot if you vote once for each office?

A)14
B)60
C)64
D)120
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31
A bag contains three red cubes, two blue cubes, four red balls, and three blue balls. When you draw a ball at random, what is the probability that the color is blue?

A)5/12
B)3/7
C)2/5
D)3/12
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32
Susan bakes 10 chocolate chip and 10 peanut butter cookies. Will bakes 6 chocolate chip and 12 peanut butter cookies. The 38 cookies are put together and offered on a single plate. If you select a cookie from the plate at random, what is the probability that the cookie is peanut butter, given that Will baked it?

A)5/8
B)11/19
C)6/19
D)2/3
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33
The following table gives the results of a screening test for a disease: <strong>The following table gives the results of a screening test for a disease:   Estimate the specificity of the test.</strong> A)69.2% B)72.0% C)32.0% D)53.3% Estimate the specificity of the test.

A)69.2%
B)72.0%
C)32.0%
D)53.3%
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34
Suppose you toss a pair of dice. What is the probability that the total number of dots appearing is 6?

A)5/6
B)5/36
C)1/6
D)25/36
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35
Suppose you randomly choose two cards from a thoroughly shuffled deck. If you put the first card back in the deck before you draw the second, what is the probability that the first card is an ace and the second card is a king?

A)2/13
B)1/169
C)1/221
D)3/676
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36
The following table gives the results of a screening test for a disease: <strong>The following table gives the results of a screening test for a disease:   Estimate the sensitivity of the test.</strong> A)18.5% B)80.6% C)23.7% D)53.3% Estimate the sensitivity of the test.

A)18.5%
B)80.6%
C)23.7%
D)53.3%
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37
A shoe store sells one brand of shoe in five styles, six sizes, and three colors. How many different types of shoes are available?

A)33
B)90
C)14
D)150
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38
Suppose you randomly choose two cards from a thoroughly shuffled deck. If you do NOT put the first card back in the deck before you draw the second, what is the probability that the first card is club and the second card is a spade?

A)13/204
B)2/51
C)1/16
D)1/17
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39
Two experiments are _____ if knowing that one event occurs has no effect on the probability of the occurrence of the other.

A)dependent
B)independent
C)inclusive
D)exclusive
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40
The telephone numbers in a small town either begin 373 or 377. How many telephone numbers are available?

A)10,000
B)20,000
C)30,000
D)40,000
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41
You draw three cards from a full deck without jokers. What is the probability that they will all be clubs?

A)0.017
B)0.013
C)0.016
D)0.012
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42
A teacher keeps track of the number of absences in a class each day along with their probabilities. Her results are in this table: <strong>A teacher keeps track of the number of absences in a class each day along with their probabilities. Her results are in this table:   What is the expected number of absences for any given day?</strong> A)1.8 B)2.3 C)3.2 D)3.8 What is the expected number of absences for any given day?

A)1.8
B)2.3
C)3.2
D)3.8
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43
Suppose there is a group of nine people from whom we will make a committee. In how many ways could a four-person committee be selected?

A)3024
B)36
C)24
D)126
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44
A candy jar has 12 different pieces of candy in it. If you want to select 2 pieces, how many choices do you have?

A)66
B)132
C)24
D)23
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Unlock Deck
k this deck
45
You draw five cards from a full deck without jokers. What is the probability that you have at least one face card (jack, queen, or king)?

A)45.9%
B)65.8%
C)74.7%
D)82.9%
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Unlock Deck
k this deck
46
An ice cream parlor sells 10 flavors. If you'd like a bowl with three scoops, each a different flavor, how many choices do you have?

A)720
B)120
C)60
D)30
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Unlock for access to all 68 flashcards in this deck.
Unlock Deck
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47
A _____ of a group of items is a selection from that group in which order is not taken into account.

A)combination
B)listing
C)permutation
D)sequence
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48
For a game, the average amount you can expect to win (or lose) per play in the long run can be measured by:

A)standard value.
B)winning wager.
C)expected value.
D)value at risk.
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Unlock Deck
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49
If a license plate uses a three-digit number followed by three letters of the English alphabet, how many license plates can be made?

A)17,576,000
B)15,818,400
C)14,040,000
D)11,232,000
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Unlock Deck
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50
A _____ of items is an arrangement of the items in a certain order.

A)combination
B)listing
C)permutation
D)sequence
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51
Bob and Will toss two coins. If both coins come up heads, Bob pays Will $6. Will pays Bob $2 otherwise. What is the expected value of this game for Bob?

A)$0.25
B)$0.50
C)$0.00
D)$4.00
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Unlock Deck
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52
The total number of ways to arrange n distinct items without repetition is:

A). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).
B) <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).
C). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).
D). <strong>The total number of ways to arrange n distinct items without repetition is:</strong> A).   B)   C).   D).
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53
An economist estimates that casinos in California net $6 billion each year. Assume that overall the casinos take in 4.25% of the money wagered. How much money was bet in California last year?

A)$141 billion
B)$26 billion
C)$71 billion
D)$165 billion
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Unlock Deck
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54
A game is said to be fair if the expected value is:

A)positive.
B)negative.
C)large.
D)zero.
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Unlock Deck
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55
We have a box with six green marbles, five blue marbles, and seven red marbles. We choose three marbles from the box at random without looking. What is the probability that they will all be blue?

A)0.010
B)0.026
C)0.021
D)0.012
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Unlock Deck
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56
We have a box with six green marbles, five blue marbles, and seven red marbles. We choose three marbles from the box at random without looking. What is the probability that none of them will be blue?

A)0.38
B)0.29
C)0.45
D)0.35
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Unlock Deck
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57
Seven horses are running in a race. In how many ways can we have first-, second-, and third-place finishers, assuming there are no ties?

A)35
B)210
C)10
D)6
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Unlock Deck
k this deck
58
You draw three cards from a full deck without jokers. What is the probability that they will all be face cards (jacks, queens, or kings)?

A)0.010
B)0.013
C)0.012
D)0.009
Unlock Deck
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Unlock Deck
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59
There are seven candidates running for the presidential and vice-presidential nomination. How many different ways are there of selecting presidential and vice-presidential candidates from the field?

A)14
B)13
C)49
D)42
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Unlock Deck
k this deck
60
The _____ is the belief that a string of losses in the past will be compensated by wins in the future.

A)law of large numbers
B)gambler's bet
C)gambler's fallacy
D)winning wager
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Unlock Deck
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61
In a dice game, you win if the two dice come up 10 or higher. Otherwise, you lose $1. What should be the profit for winning to make this game fair?

A)$4
B)$5
C)$6
D)$7
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Unlock Deck
k this deck
62
Suppose you decide to open a casino offering only one game. You win a dollar 55% of the time, and your customer wins a dollar 45% of the time. How much profit would you expect to have if 7500 games are played?

A)$500
B)$750
C)$1000
D)$1250
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Unlock Deck
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63
You are playing a card game using a full deck without jokers. If you select a face card (jack, queen, or king), you win $6; otherwise, you lose $3. What is the expected value for this game?

A)-$0.92
B)$0.92
C)-$3.69
D)$3.69
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Unlock Deck
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64
What is your expected value for a game if your probability of winning is 1/5 and your profit is three times your wager? Assume the wager is $1.

A)$0.20
B)-$0.20
C)-$1.40
D)$1.40
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Unlock Deck
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65
What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1. <strong>What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1.  </strong> A)$1.30 B)-$1.30 C)$0.10 D)-$0.10

A)$1.30
B)-$1.30
C)$0.10
D)-$0.10
Unlock Deck
Unlock for access to all 68 flashcards in this deck.
Unlock Deck
k this deck
66
Each question on a multiple-choice exam has four choices. One of the choices is correct, worth four points. Another choice is wrong but carries partial credit of one point. The other two choices are wrong and worth negative one point. If a student picks answers at random, what is the expected value of his or her score for a problem?

A)0.25
B)1.25
C)0.75
D)1.50
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67
You play a gambling game with a friend in which you win 25% of the time and lose 75% of the time. When you lose, you lose $1. What profit should you earn when you win, in order for the game to be fair?

A)$1
B)$2
C)$3
D)$4
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Unlock Deck
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68
You roll a pair of dice. You bet $1 that you will get 2, 3, or 12. If you win, you are paid $9, for a profit of $8; if you lose, you lose your wager. This is a fair game.
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Unlock Deck
Unlock for access to all 68 flashcards in this deck.