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Quantitative Methods MA 103 This might be collected Probability Worksheet Name: KEY 1. One card is drawn at random from a well-shuffled standard deck of 52 cards. Let H represent the event “the card is a Heart.” Let C represent the event “the card is a Club.” Let K represent the event “the card is a King.” Let Q represent the event “the card is a Queen.” Let A represent the event “the card is an Ace.” Let T represent the event “the card is a two.” (a) Find Pr(H). 13/52 = 0.25 (b) Find Pr(A). 4/52 = 0.0769 (c) Find Pr(K). 4/52 = 0.0769 (d) Explain why Pr(H or A) does NOT equal Pr(H) + Pr(A), and find Pr(H or A). The events H and A are not mutually exclusive (or disjoint), since we have the “Ace of Hearts,” so they overlap. Pr(H or A) = Pr(H) + Pr(A) – Pr(H and A) Pr(H or A) = 0.25 + 0.0769 – 1/52 Pr(H or A) = 0.25 + 0.0769 – 0.019 = 0.30769 (e) Explain why Pr(A or T) does equal Pr(A) + Pr(T). The events A and T are mutually exclusive (disjoint), since a card can not be an Ace and a two. (f) Find Pr(H and C) =0 since disjoint (g) Find Pr(H or C). In general: Pr(A or B) = Pr(A) + Pr(B) – Pr(A and B) Pr(H or C) = Pr(H) + Pr(C) – Pr(H and C) Pr(H or C) = 0.25 + 0.25 – 0 = 0.50 2. A senior at QM College begins looking for jobs, and reads that for his POE, starting salaries are normally distributed, with a mean salary of $43,300, and a standard deviation of $2,700. (a) How likely is he to find a job paying more than $46,000? z = (46000-43300)/2700 = 1.0. The empirical rule says that 68% of the salaries are +/- 1 std. dev. from the mean, so 34% of the salaries would be +1 std. dev. The 50% to the left of the mean, plus this addl. 34%, leaves 100 – (50+68/2) = 16% of the salaries. (b) How likely is he to find a job paying more than $37,900? z = (37900-43300)/2700 = -2.0. The empirical rule says that 95% of the salaries are +/- 2 std. dev. from the mean, so that leaves 100 – 95% = 5% of the salaries to outside this domain. Since normal distributions are symmetric, this 5% is split, leaving 2.5% greater than mean +2 std. dev. and 2.5% less than mean-2 std. dev. So, 97.5% of all salaries will be greater than $37,900. 3. The following is a table of votes cast in the U.S. Senate: Let Y represent the event “the Senator voted Yea.” Democrat Republican Total Let N represent the event “the Senator voted Nay.” 45 15 60 Yea Let R represent the event “the Senator is a Republican.” 5 35 40 Nay Let D represent the event “the Senator is a Democrat.” 50 50 100 Total (a) Find Pr(Y). 60/100 = 0.60 (b) Find Pr(Y and R). 15/100 = 0.15 (c) Find Pr(Y or R). Pr(Y or R) = Pr(Y) + Pr(R) – Pr(Y and R) Pr(Y or R) =0.60+0.50 – 0.15 = 0.95 Note that there are 5 Dem’s who voted nay… (c) Find Pr(Y given R). 15/50 = 0.30 (d) Are the events Y and R independent? No, Pr(Y given R)=0.30, and Pr(Y)=0.60, different probabilities, so Y and R are NOT independent.