QNT 561 Final 2

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16)Which of the following is a correct statement about a probability?

A.

It may range from 0 to 1.

B.

It may assume negative values.

C.

It may be greater than 1.

D.

It cannot be reported to more than 1 decimal place.

17)The special rule of addition is used to combine

A.

independent events

B.

mutually exclusive events

C.

events that total more than one

D.

events based on subjective probabilities

18)We use the general rule of multiplication to combine

A.

events that are not independent

B.

mutually exclusive events

C.

events that total more than

D.

events based on subjective probabilities

19)A discrete variable

A.

is an example of a qualitative variable

B.

can assume only whole number values

C.

can assume only certain clearly separated values

D.

...

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