Probability theory, Mcqs

1. What is the probability of an event that is certain to happen?

a) 0
b) 0.5
c) 1
d) None of the above
Answer: c) 1

2. If two events are mutually exclusive, what is the probability that either one or the other occurs?

a) Sum of their probabilities
b) Product of their probabilities
c) Difference of their probabilities
d) Zero
Answer: a) Sum of their probabilities

3. What is the probability of an impossible event?

a) 1
b) 0.5
c) 0
d) None of the above
Answer: c) 0

4. Which of the following is not a valid probability value?

a) 0.75
b) -0.25
c) 0.5
d) 1
Answer: b) -0.25

5. If two events A and B are independent, what is the probability that both A and B occur?

a) P(A) + P(B)
b) P(A) * P(B)
c) P(A) – P(B)
d) P(A) / P(B)
Answer: b) P(A) * P(B)

6. What is the probability of getting a head when flipping a fair coin?

a) 1
b) 0.75
c) 0.5
d) 0.25
Answer: c) 0.5

7. What is the sum of probabilities of all possible outcomes of a random experiment?

a) 0
b) 0.5
c) 1
d) Depends on the experiment
Answer: c) 1

8. In a standard deck of cards, what is the probability of drawing an ace?

a) 1/52
b) 4/52
c) 1/13
d) 1/4
Answer: c) 1/13

9. Which theorem is used to find the probability of the intersection of two events?

a) Bayes’ Theorem
b) Addition Theorem
c) Multiplication Theorem
d) Central Limit Theorem
Answer: c) Multiplication Theorem

10. If two events are mutually exclusive, what is the probability that they both occur?

a) 0
b) 0.5
c) 1
d) Cannot be determined
Answer: a) 0

11. Which of the following is an example of a continuous random variable?

a) Number of students in a class
b) Roll of a die
c) Height of students
d) Number of heads in 10 coin flips
Answer: c) Height of students

12. The probability that event A occurs given that event B has occurred is called:

a) Marginal probability
b) Joint probability
c) Conditional probability
d) Independent probability
Answer: c) Conditional probability

13. If P(A) = 0.3 and P(B) = 0.4, what is P(A and B) if A and B are independent?

a) 0.12
b) 0.1
c) 0.7
d) 0.0
Answer: a) 0.12

14. Which distribution describes the number of successes in a fixed number of trials?

a) Binomial distribution
b) Normal distribution
c) Poisson distribution
d) Exponential distribution
Answer: a) Binomial distribution

15. What is the expected value of a random variable X with probability mass function P(X=x) = x/15 for x=1,2,3?

a) 2
b) 1.5
c) 3
d) 4
Answer: a) 2

16. Which theorem states that the sum of a large number of random variables will be approximately normally distributed?

a) Bayes’ Theorem
b) Central Limit Theorem
c) Law of Large Numbers
d) Chebyshev’s Theorem
Answer: b) Central Limit Theorem

17. Which measure is used to describe the spread of a probability distribution?

a) Mean
b) Median
c) Variance
d) Mode
Answer: c) Variance

18. What is the variance of a fair six-sided die roll?

a) 2.5
b) 3.5
c) 5.5
d) 35
Answer: a) 2.5

19. Which distribution is appropriate for modeling the number of events occurring in a fixed interval of time or space?

a) Binomial distribution
b) Poisson distribution
c) Exponential distribution
d) Uniform distribution
Answer: b) Poisson distribution

20. If X is a normal random variable with mean μ and standard deviation σ, what is the probability that X is within one standard deviation of the mean?

a) 0.68
b) 0.95
c) 0.99
d) 0.5
Answer: a) 0.68

21. Which distribution has a bell-shaped probability density function?

a) Binomial distribution
b) Poisson distribution
c) Normal distribution
d) Exponential distribution
Answer: c) Normal distribution

22. What is the standard deviation of a binomial distribution with parameters n and p?

a) √(np(1-p))
b) np
c) n(1-p)
d) p(1-p)
Answer: a) √(np(1-p))

23. Which of the following is a measure of central tendency?

a) Variance
b) Standard deviation
c) Median
d) Range
Answer: c) Median

24. What is the probability that a continuous random variable takes on a specific value?

a) 1
b) 0.5
c) 0
d) Depends on the distribution
Answer: c) 0

25. Which theorem provides a way to update probabilities based on new evidence?

a) Central Limit Theorem
b) Bayes’ Theorem
c) Law of Large Numbers
d) Chebyshev’s Theorem
Answer: b) Bayes’ Theorem

26. What is the mean of a uniform distribution on the interval [a, b]?

a) (a + b)/2
b) (a – b)/2
c) (a + b)/4
d) (a – b)/4
Answer: a) (a + b)/2

27. Which distribution is used to model the time between successive events?

a) Binomial distribution
b) Poisson distribution
c) Exponential distribution
d) Normal distribution
Answer: c) Exponential distribution

28. If two events A and B are independent, what is the probability that A or B occurs?

a) P(A) + P(B)
b) P(A) + P(B) – P(A)P(B)
c) P(A) * P(B)
d) P(A) – P(B)
Answer: b) P(A) + P(B) – P(A)P(B)

29. What is the variance of a normal distribution with mean μ and standard deviation σ?

a) μ
b) σ
c) σ^2
d) μ^2
Answer: c) σ^2

30. Which distribution describes the number of trials until the first success?

a) Binomial distribution
b) Poisson distribution
c) Geometric distribution
d) Exponential distribution
Answer: c) Geometric distribution

31. In a normal distribution, what percentage of data falls within two standard deviations of the mean?

a) 68%
b) 95%
c) 99%
d) 50%
Answer: b) 95%

32. What is the expected value of a discrete random variable?

a) The probability of each value
b) The sum of all possible values
c) The weighted average of all possible values
d) The highest possible value
Answer: c) The weighted average of all possible values

33. If P(A|B) = P(A), what can be said about events A and B?

a) They are mutually exclusive
b) They are independent
c) They are dependent
d) They are conditional
Answer: b) They are independent

34. Which measure is used to describe the symmetry of a probability distribution?

a) Mean
b) Median
c) Skewness
d) Kurtosis
Answer: c) Skewness

35. What is the probability of getting exactly two heads in three flips of a fair coin?

a) 1/8
b) 2/8
c) 3/8
d) 4/8
Answer: c) 3/8

36. Which distribution is used to model binary outcomes?

a) Normal distribution
b) Binomial distribution
c) Exponential distribution
d) Uniform distribution
Answer: b) Binomial distribution

37. What is the probability density function (PDF) of a continuous random variable?

a) A function that gives the probability that the variable takes a specific value
b) A function that gives the cumulative probability
c) A function that gives the likelihood of the variable being less than or equal to a value
d) A function that gives the likelihood of the variable being greater than or equal to a value
Answer: b) A function that gives the cumulative probability

38. Which of the following distributions has a parameter called the rate?

a) Poisson distribution
b) Geometric distribution
c) Exponential distribution
d) Uniform distribution
Answer: c) Exponential distribution

39. If two events A and B are not independent, what is true about their joint probability?

a) P(A and B) = P(A) * P(B)
b) P(A and B) = P(A) + P(B)
c) P(A and B) = P(A) * P(B|A)
d) P(A and B) = P(A) – P(B)
Answer: c) P(A and B) = P(A) * P(B|A)

40. In a Poisson distribution, what parameter represents the average rate of occurrences?

a) Mean
b) Variance
c) Rate
d) Standard deviation
Answer: c) Rate

More MCQS on Management Sciences

  1. Green supply chain management MCQs 
  2. Sustainable Operations and Supply Chains MCQs in Supply Chain
  3. Decision support systems MCQs in Supply Chain
  4. Predictive analytics in supply chains MCQs in Supply Chain
  5. Data analysis and visualization MCQs in Supply Chain
  6. Supply Chain Analytics MCQs in Supply Chain
  7. Demand management MCQs in Supply Chain
  8. Sales and operations planning (S&OP) MCQs in Supply Chain
  9. Forecasting techniques MCQs in Supply Chain
  10. Demand Forecasting and Planning MCQs in Supply Chain
  11. Contract management MCQs in Supply Chain
  12. Strategic sourcing MCQs in Supply Chain
  13. Supplier selection and evaluation MCQs in Supply Chain
  14. Procurement and Sourcing MCQs in Supply Chain
  15. Just-in-time (JIT) inventory MCQs in Supply Chain
  16. Economic order quantity (EOQ )MCQs in Supply Chain
  17. Inventory control systems MCQs in Supply Chain
  18. Inventory Management MCQs in Supply Chain
  19. Total quality management (TQM) MCQs in Supply Chain
  20. Quality Management MCQs in Supply Chain
  21. Material requirements planning (MRP) MCQs in Supply Chain
  22. Capacity planning MCQs in Supply Chain
  23. Production scheduling MCQs in Supply Chain
  24. Production Planning and Control MCQs
  25. Distribution networks MCQs in Supply Chain
  26. Warehousing and inventory management MCQs in Supply Chain
  27. Transportation management MCQs in Supply Chain
  28. Logistics Management MCQs in Supply Chain
  29. Global supply chain management MCQs in Supply Chain
  30. Supply chain strategy and design MCQs in Supply Chain
  31. Basics of supply chain management MCQ in Supply Chains
  32. Supply Chain Management MCQs
  33. Introduction to Operations Management MCQs in Supply Chain
  34. Fundamentals of operations management MCQs 
  35. Operations & Supply Chain Management MCQs
  36. Business Intelligence MCQs
  37. distributed computing frameworks MCQs
  38. Handling large datasets MCQs
  39. Big Data Analytics MCQs
  40. neural networks, ensemble methods MCQs
  41. Introduction to algorithms like clustering MCQs
  42. Machine Learning MCQs
  43. time series forecasting MCQs
  44. decision trees MCQs
  45. Modeling techniques such as linear and logistic regression MCQs
  46. Predictive Analytics MCQs
  47. Power BI MCQs
  48. using tools like Tableau MCQs
  49. Techniques for presenting data visually MCQs
  50. Data Visualization MCQs
  51. Data manipulation, MCQs
  52. SQL queries, MCQs
  53. Database fundamentals, MCQs
  54. Data Management and SQL, MCQs
  55. regression analysis, Mcqs
  56. inferential statistics, Mcqs
  57. descriptive statistics, Mcqs
  58. Probability theory, Mcqs
  59. Statistics for Business Analytics
  60. regression analysis, Mcqs
  61. inferential statistics
  62. descriptive statistics, Mcqs
  63. Probability theory, Mcqs
  64. Statistics for Business Analytics
  65. Management Sciences MCQs

Leave a Comment