Given P(A)=0.4, P(B)=0.5, and A and B are mutually exclusive, P(A∪B) is: MCQ with Answer and Explanation

Given P(A)=0.4, P(B)=0.5, and A and B are mutually exclusive, P(A∪B) is:
A. 0.9
B. 0.2
C. 0.7
D. 0.1
Answer: Option A
Solution (By JKExamLibrary)
Mutually exclusive ⇒ P(A∪B) = P(A)+P(B) = 0.4+0.5=0.9.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error
If P(A)=0.6, P(B)=0.5, P(A∩B)=0.4, then P(A|B) is:
A. 0.8
B. 0.4
C. 0.67
D. 0.75

Correct Answer: Option A


Explanation:
P(A|B) = P(A∩B)/P(B) = 0.4/0.5 = 0.8.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The value of a random variable that occurs with the highest frequency in a probability distribution is called the:
A. Median
B. Expected value
C. Mode
D. Variance

Correct Answer: Option C


Explanation:
By definition, the mode represents the most probable or most frequent outcome.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
The decadal growth rate of India's population during 2001-2011 was:
A. 24.8%
B. 17.64%
C. 21.54%
D. 19.2%

Correct Answer: Option B


Explanation:
India's population grew by 17.64% between 2001 and 2011, a decline from previous decades.

This question belongs to: Accountancy and Statistics Statistics