Discussion Questions and Problems

Discussion Questions

  1. 2-1 What are the two basic laws of probability?

  2. 2-2 What is the meaning of mutually exclusive events? What is meant by collectively exhaustive? Give an example of each.

  3. 2-3 Describe the various approaches used in determining probability values.

  4. 2-4 Why is the probability of the intersection of two events subtracted in the sum of the probability of two events?

  5. 2-5 Describe what it means for two events to be independent.

  6. 2-6 What is Bayes’ Theorem, and when can it be used?

  7. 2-7 Describe the characteristics of a Bernoulli process. How is a Bernoulli process associated with the binomial distribution?

  8. 2-8 What is a random variable? What are the various types of random variables?

  9. 2-9 What is ...

Get Quantitative Analysis for Management, 13/e now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial