2024 – Question 1 On a Minnesota December day the probability of snow is 0 30 The probability

• Question 1

 
 On a Minnesota December day, the probability of snow is 0.30. The probability of a cold day is 0.50. The probability of snow and cold weather is 0.15. Are snow and cold weather independent events?   
  
• Question 2

 
 As a company manager for the Quick Money Business there is a 0.40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion or a raise. The probability of getting a promotion and a raise is 0.25. If you get a promotion, what is the probability that you will get a raise?   
  
   
• Question 3

 
 Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price.
There is a 60% chance that fund B will rise in price given that fund A rises in price.
There is also a 30% chance that fund B will rise in price.
What is the probability that at least one of the funds will rise in price?    
  
   
• Question 4

 
 If P(A) = 0.40, P(B | A) = 0.35, P(A ∪ B) = 0.69, then P(B) =   
  
   
• Question 5

 
 A recent survey shows that the probability of a college student drinking alcohol is 0.6.
Further, given that the student is over 21 years old, the probability of drinking alcohol is 0.8.
It is also known that 30% of the college students are over 21 years old.
Of the students who are not over 21, what is the probability they drink alcohol?   
  
   
• Question 6

 
 Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price.
There is a 60% chance that fund B will rise in price given that fund A rises in price.
What is the probability that both fund A and fund B will rise in price?   
  
   
• Question 7

 
 Three workers at a fast food restaurant pack the take-out chicken dinners. John packs 45% of the dinners, Mary packs 25% of the dinners and Sue packs the remaining dinners. Of the dinners John packs 4% do not include a salt packet. If Mary packs the dinner 2% of the time the salt is omitted. Lastly, 3% of the dinners do not include salt if Sue does the packing. What is the probability that you will have salt packed with your dinner?   
  
   
• Question 8

 
 Use the table below which contains data on 1200 students in a law class. If a student passed the course, what is the probability that their GPA was greater than 3.0?
 GPA 0.0 – 2.0 GPA 2.01 – 3.0 GPA 3.01 – 4.0 Total
Pass 100 200 540 840
Fail 200 120 40 360
Total 300 320 580 1200
   
  
   
• Question 9

 
 A six-sided die is tossed.  You win $10 if the tossed die shows a 5 or an even number.  What is the probability that you will win the game?   
  
   
• Question 10

 
 The final exam in QMB3600 is worth what percent of your total course grade?