Exercises 2 QMB 500

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Decision Analysis
and Quantitative Methods
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Textbook: Quantitative Methods for Business
Authors: Anderson, Sweeney, Williams, Camm, and Martin
Publisher: SOUTH-WESTERN, CENGAGE Learning, 12th Ediition. International Edition, "
Chapter 2 Introduction to Probability
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Exercises:
Assigning probabilities to experimental outcomes,Events and their probabilities "
Problems 1, 2, 3, 5, "
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Some basic relationships of probability, the Addition Law
Problems 6, 7, 8, 9,"
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Some basic relations of probability, Conditional probability, the joint probability,"
The Joint Probability Table, the Multiplication Law, and the Marginal probabilities "
Problem 13, 14, 15, 17, "
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Bayes Theorem. The Tabular Approach"
Problems 20, 23, 24, 26 "