**1.**One out of three mini-vans sold by a nationwide auto dealer has a hidden defect in its transmission. What is the probability that a randomly selected purchaser of two mini-vans will wind up with at least one mini-van with a defective transmission?0.333 0.500 0.667 0.250 0.556

**2.**An experienced business-school graduate has an 80% probability of getting a particular job. An inexperienced business-school graduate has a 50% chance of getting the same job. 60% of business-school graduates are inexperienced. If the job is offered to a business-school graduate, what is the probability that the person was inexperienced?0.4 0.6 0.3 0.4839 0.6667

**3.**The probability that a customer will buy a product given that he or she has seen an advertisement for the product is 0.15. The probability that a consumer will see an ad for this particular product is 0.20. What is the probability that a consumer will both see the ad and buy the product?0.75 0.075 0.35 0.03 0.035

**4.**A particular company has twenty salespeople. How many ways can a group of three salespeople be chosen from this company?1140 Permutation of 20 chose 3 Combination of 20 chose 20 5700 None of the above

**5.**Suppose that two events A and B are mutually exclusive. We know that the probability of A is 0.4 and the probability of B is 0.2. The probability that either A or B (or both) will occur is:0.08 0.52 0.60 0 None of the above

**6.**Suppose that the probability of A is 0.7 and the probability of B is 0.4, and we know that the probability that both A and B will occur is 0.28. Then the two events areUnrelated to each other Mutually exclusive Independent Dependent Unable to occur at the same time

**7.**If the probability of A is 0.45 and the probability of both A and B is 0.15, then the probability that B will occur given that A has occurred is:3.00 1.00 1/3 1/9 0.675

**8.**The probability that I get job A is 0.45; the probability that I get job B is 0.60; and the probability that I get both the jobs is 0.30. The probability that I get at least one job offer is:0.30 0 1 0.55 0.75

**9.**The probability that event A will occur is 0.90 and the probability that event B will occur is 0.10. The two events are known to be mutually exclusive. The probability that both A and B will occur is:0 1 0.5 0.33 Insufficient information to determine

**10.**The probability of a successful merger with a larger firm is 0.40. Given that a merger is successful, there is a 0.25 probability that profits next year will be high. What is the probability that both the merger will succeed and that profits next year will be high?0.10 1 0.15 0.625 1.6

**11.**Members of a special marketing project team have decided to break the work up into smaller portions and divide it among sub-groups. There are 7 team members. How many different sub-groups are possible if each sub-group: a) consists of 3 members; and b) has a sub-group chairperson and vice-chairperson?5040 210 187 35 6

**12.**MBA students at a private business school can, if they wish to do so, choose a concentration in one of three areas: real estate development, financial planning or marketing/promotions. For those students who don't wish to concentrate in a particular area, the school offers a generalist track. If an experiment consisted of randomly sampling a student in the MBA program, the sample space for the experiment would be described as _______________.A: pursuing a concentration and Ā: not pursuing a concentrationA: pursuing one concentration and Ā: pursuing more than one concentration A: concentrating in real estate development and Ā: concentrating in either financial planning or marketing/promotions A: concentration in real estate development and Ā: concentration in another area A: pursuing an MBA and Ā: not pursuing an MBA

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