Chapter 4 Flashcards
1
Q
EPS
A
Calculator:
X is in decimals
Y is in whole number
2nd > 7
2nd Enter for V-1
2
Q
Variance
A
Calculator:
Ox
3
Q
Independent Events
A
Occurrence of one event does NOT change the probability of other event
4
Q
Dependent Value
A
Knowing the outcome of one event CHANGES the probability of another event occurring.
2 aces
4 cards that are aces
52 number of cards in a deck
This is the first selection, the second selection probability:
3 aces left
51 cards left
This depends if we got Ace on the first selection.
5
Q
Probability Tree
A
0.60 * 0.25 = .15
6
Q
Bayes Formula 1
A
Look at Note Examples
