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Which of the following sentences are true? (i) The classical approach to probability theory requires that the total number of possible outcomes be known or calculated and that each of the outcomes be equally likely.(ii) A marginal probability is also known as unconditional probability.(iii) For three independent events, the joint probability of the three events, P(ABC) = P(A) × P(B/A) × P(C/AB)(iv) Two events are mutually exclusive, exhaustive and equally likely, the probability of either event A or B or both occurring P(A or B) = P(A) + P(B) Codes :

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1500+ Business Management questions.

The UGC NET management syllabus consists of these 10 units:

Management
Organizational Behaviour
Human Resource Management
Financial Statements
Financial Management
Strategic Management
Consumer and Industrial Buying Behavior
Statistics for Management
International Business
Entrepreneurship Development


Which of the following sentences are true? <br />(<em>i</em>) The classical approach to probability theory requires that the total number of possible outcomes be known or calculated and that each of the outcomes be equally likely.<br />(<em>ii</em>) A marginal probability is also known as unconditional probability.<br />(<em>iii</em>) For three independent events, the joint probability of the three events, P(ABC) = P(A) × P(B/A) × P(C/AB)<br />(<em>iv</em>) Two events are mutually exclusive, exhaustive and equally likely, the probability of either event A or B or both occurring P(A or B) = P(A) + P(B)<br /> <br /> <em>Codes :</em>






 
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