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4.1 Basic Probability Theory and Descriptive Statistics

Study Guide - Practice Questions

Test your knowledge with practice questions generated from your notes

  • #1 Multiple Choice
    Suppose you roll a fair six-sided die. Let event $A$ be 'the outcome is three or less' and event $B$ be 'the outcome is even.' What is $A \cap B$?
  • #2 Multiple Choice
    Given a sample of $n$ observations $x_1, x_2, \ldots, x_n$, which formula correctly calculates the sample variance?
  • #3 Multiple Choice
    A company has 100 loans: 15 had a co-applicant (event $J$), 48 had a mortgage ($M$), and 10 had both. What is the probability that a randomly selected loan has either a co-applicant or a mortgage (or both)?

Study Guide - Flashcards

Boost memory and lock in key concepts with flashcards created from your notes.

  • Descriptive Statistics and Summation Notation
    5 Questions
  • Parameters and Estimators
    5 Questions
  • Basic Probability Concepts
    7 Questions