Applied Probability and Statistics (FZO1 C955) Questions and Answers
Question 45
Regression slope indicates:
Options:
A.
Change in Y per unit X
B.
Intercept
C.
R²
D.
Correlation
Answer:
A
Explanation:
In a linear regression equation, the slope represents the predicted change in the response variable Y for each one-unit increase in the explanatory variable X. In slope-intercept form, ŷ = b₀ + b₁x, the slope is b₁. For example, if a regression equation predicts cost as ŷ = 25 + 4x, the slope 4 means the predicted cost increases by 4 units for each additional unit of x. The intercept, b₀, is the predicted value of Y when X = 0, so option B describes a different component. R² measures the proportion of variation in Y explained by the regression model, not the rate of change. Correlation measures strength and direction of linear association, but it is not the same as the slope because it is unitless and standardized. The slope is the operational rate of change in the model. Study Guide references/topics: linear regression, slope interpretation, response variable, explanatory variable.
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Question 46
Probability of drawing red card from deck = ?
Options:
A.
26/52 = 1/2
B.
1/4
C.
1/13
D.
1/6
Answer:
A
Explanation:
A standard deck has 52 cards divided into four suits: hearts, diamonds, clubs, and spades. Hearts and diamonds are red, while clubs and spades are black. Each suit has 13 cards, so the number of red cards is 13 + 13 = 26. The probability of drawing a red card is therefore the number of favorable outcomes divided by the total number of outcomes: 26/52. This simplifies to 1/2. Option B, 1/4, would describe the probability of drawing one specific suit, such as hearts only. Option C, 1/13, would describe one specific rank in the deck, such as a particular value across suits. Option D does not correspond to the card structure of a standard deck. Since exactly half the deck is red, the correct probability is 26/52 = 1/2. Study Guide references/topics: card probability, favorable outcomes, sample space, theoretical probability.