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Note: Attempt all questions FOUR questions consists of total 60 marks; however, you will be marked
out of 40.
Part-I
Explain if each of any five of the following statement is True/False. No credit without proper
explanation. (2)
1. All models simplify the real world and are ALWAYS wrong, but it is necessary to work with
obviously WRONG models.
2. In Islamabad, 50% people support the Government’s reforms in General Sales tax. A sample
of 400 businessmen from all businessmen in Islamabad is taken. According to Law of large
number, about half of the sample should favour the GST reforms.
3. OUTCOMES of the random draws are also random.
4. When the events A and B are independent, than P(A|B)=P(A)
5. Suppose you have studied only first three of the six chapters in ‘probability and statistics’ for
final exam. Your chance of having an A grade in exam that contains questions from all six
chapters has binomial distribution.
6. The Central Limit Theorem basically states that when we have large sample of a
random variable, that is approximately Normal.
Part-II
Following question carry 50 marks in total you are supposed to attempt questions that sum upto
maximum 40 marks.
1. Human blood is grouped into four types. The percentages of patients at Emergency
ward with each type are listed as: O 43%, A 40%, B 12%, AB 5%. If we choose one
person at random. Find the probability that this person i) Has type A or O, ii) Does not
have type B or A. (2+2)
2. Hundred students were surveyed about their preference to participate in a cricket match or
speech competition. The following two-way table displays data for the sample of students who
responded to the survey. Find the probability that if a randomly selected male student
prefers speech competition research? (3)