Question

In: Statistics and Probability

2. Define and show using Venn diagrams, the following: 2.1 The union of two events. 2.2...

2. Define and show using Venn diagrams, the following:

2.1 The union of two events.

2.2 The intersection of two events.

2.3 The complement of an event in a sample space.

3. Write some limitations of Venn diagrams as discussed in the class.

Solutions

Expert Solution

2. Define and show using Venn diagrams, the following:

2.1 The union of two events.

2.2 The intersection of two events.

2.3 The complement of an event in a sample space.

3. Write some limitations of Venn diagrams as discussed in the class.

Soln

2.1)

The union of two Events is given by the shaded region in the below diagram.

Union means: the new set that contains every element from either of A and B

2.2)

The intersection of two Events is given by the shaded region in the below diagram.

Intersection means the new set that contains every element that is in both of the input sets; only things inside both input sets get added to the new set

2.3)

The intersection of an event (A) is given by the shaded region in the below diagram.

Compliment: the new set gets everything that is in the universe but is outside of A; it's okay if the element is in B, just so long as it is not also in A

3)

Limitation of Venn Diagram is that when we have more than 4 sets, visualization becomes difficult. Also, solving for more than 4 sets becomes very difficult.


Related Solutions

Using supply and demand diagrams, show the effect of the following events on the market for...
Using supply and demand diagrams, show the effect of the following events on the market for sweatshirts. A hurricane in South Carolina damages the cotton crop. The price of leather jackets falls. All colleges require morning exercise in appropriate attire. New knitting machines are invented. Each original post should include four diagrams with an explanation for each. Respond and engage with at least two of your classmates. NOTE: diagrams can be created using a MS Office product, or drawn by...
Using supply-and-demand diagrams, show the effect of the following events on the market for solar panels....
Using supply-and-demand diagrams, show the effect of the following events on the market for solar panels. Do the following for each example: 1) Explicitly write which curve moves. 3) Explicitly write which direction it moves in. 4) Explicitly write what happens to equilibrium price. 5) Explicitly write what happens to equilibrium quantity. Note: Drawing the diagrams is not required for the exam, but doing so should still help you to answer the question. (a) (4 points) There is an increase...
1. Using supply-and-demand diagrams, show the effect of the following events on the market of printed...
1. Using supply-and-demand diagrams, show the effect of the following events on the market of printed textbooks. a. A continuous decrease in forests b. The price of electronic textbooks falls. c. Colleges require all students to buy printed textbooks d. New machines to produce printed textbook are invented
Using supply-and-demand diagrams, show the effect of the following events on the market for MRI Scans...
Using supply-and-demand diagrams, show the effect of the following events on the market for MRI Scans (not machines). Indicate the change in equilibrium price and quantity. (Hint: Determine whether Demand or Supply is affected in each case)(10 pts) The price of CT scans increases. Explain the relationship between MRI scans and CT scans. The technology to produce MRI machines improves causing costs to go down. Consumer income falls because of a recession. The number hospitals in areas decreases due to...
Using only membership tables (i.e., without Venn diagrams or set identities), prove or disprove that (?...
Using only membership tables (i.e., without Venn diagrams or set identities), prove or disprove that (? − ?) ∪ (? − ?) and ((? − ?̅) − ?) ∪ (? ∩ ?̅) ∪ (? − (? ∪ ?)) are equivalent. Ensure that you fill the table completely, even if you are disproving this equivalence, and do not skip any columns.
Define and explain the tenets of the perfectly competitive economic model. Explain, and show using diagrams...
Define and explain the tenets of the perfectly competitive economic model. Explain, and show using diagrams and labels, why economists argue that competition between producers in markets to supply goods and services, and competition between consumers in markets to buy goods and services, with some conditions applying, will allocate scarce resources efficiently in the economy. Under what conditions, and why, do markets fail. Give examples of market failure, and why these occur, where markets do not provide the amount of...
QUESTION 2. 2.1 What is the difference between a natural person and a legal person 2.2...
QUESTION 2. 2.1 What is the difference between a natural person and a legal person 2.2 briefly explain what you understand by the docttrine of stare decsis
Use the following Venn diagram tools to construct diagrams that represent the given syllogistic forms from...
Use the following Venn diagram tools to construct diagrams that represent the given syllogistic forms from the Boolean standpoint. Once you have constructed your diagrams, interpret them to determine whether each syllogistic form is valid or invalid from the Boolean standpoint. Indicate your answers using the dropdown menus below each diagram. Argument 1 Premise 1: All O are E. Premise 2: All L are O. Conclusion: All L are E. This syllogistic form is ________ from the Boolean standpoint. Argument...
Using AD/AS model and diagrams, discuss the short-run and long-run impacts of the following events on...
Using AD/AS model and diagrams, discuss the short-run and long-run impacts of the following events on the price level and output of the domestic economy (starting from the full-employment level): a. A rise in oil prices. Based on your analysis, suggest a policy recommendation in (a). b. A decrease in tourism. Based on your analysis, suggest a policy recommendation in (b).
Using appropriate diagrams explain how each of the following events would affect the market for bonds....
Using appropriate diagrams explain how each of the following events would affect the market for bonds. State any assumptions that you make a deterioration in business conditions that causes a decrease in a nation'swealth. the expected returnon bonds fallsas compared to other assets. an increase in the government's borrowing. an increase in the risk of foreign government bonds.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT