QUESTION 1 Elise has just graduated from her BCom degree and is facing a post-graduation crisis where she does not know what she wants to do with her life. Because she did not have a job lined up for the summer, she has decided to take this time to go on vacation and "find herself". Elise has decided that, since life is unpredictable, it would be fitting to plan her trip randomly. To determine where she will go on vacation, she will be using an Excel simulation based on the suggestions from her ten closest friends: three suggested to travel around Europe (EUR), six suggested to backpack through South East Asian (SEA), and one suggested to take a roadtrip across the states (USA). Elise is also unsure whether or not she should travel with friends (F) or alone (A), so she will determine this based on a coin toss using a fair coin. Assume that the outcome of the travel destination does not affect, and is not affected by, whether Elise travels alone. Having taken BUS 404, Elise started a probability tree on which destination she will travel to and whether she will travel alone. Some of the numbers have been blocked out. Help Elise fill in the missing parts. Destination Alone? Sample Space Probability F Europe n Friends 0.15 EUR A D Europe n Alone E F S.E. Asian Friends F SEA A S.E. Asian Alone 0.3 F USA n Friends G USA A USA n Alone 0.05 H 0.30 A B Total QUESTION 8 Elise realized that a lot of things can go wrong while trying to plan for a trip, so she plans on preparing for two different trips, where one of the trips is just a back up plan. Because she will be planning for two trips, Elise is curious about the probabilities associated with the two plans. Elise isn't so great at probability, but she knows that drawing Venn diagrams can help. If Elise makes one plan for a backpacking trip through South East Asia and makes another plan for a roadtrip across USA, what is the probability that Elise's vacation is in South East Asia or in USA? In the Venn diagram, there (type is or is no) overlapping area, because the two trips (type are or are not) mutually exclusive. What is the probability associated with the overlapping area? Report the answer to two decimal places: What is the probability that Elise's vacation is in South East Asia or in USA? Report the answer to two decimal places: If Elise makes one plan to travel to Europe and makes another plan to travel alone, what is the probability that Elise's vacation is in Europe or by herself? In the Venn diagram, there (type is or is no) overlapping area, because the two trips (type are or are not) mutually exclusive. What is the probability associated with the overlapping area? Report the answer to two decimal places: What is the probability that Elise's vacation is in Europe or by herself? Report the answer to two decimal places: QUESTION 1 Elise has just graduated from her BCom degree and is facing a post-graduation crisis where she does not know what she wants to do with her life. Because she did not have a job lined up for the summer, she has decided to take this time to go on vacation and "find herself". Elise has decided that, since life is unpredictable, it would be fitting to plan her trip randomly. To determine where she will go on vacation, she will be using an Excel simulation based on the suggestions from her ten closest friends: three suggested to travel around Europe (EUR), six suggested to backpack through South East Asian (SEA), and one suggested to take a roadtrip across the states (USA). Elise is also unsure whether or not she should travel with friends (F) or alone (A), so she will determine this based on a coin toss using a fair coin. Assume that the outcome of the travel destination does not affect, and is not affected by, whether Elise travels alone. Having taken BUS 404, Elise started a probability tree on which destination she will travel to and whether she will travel alone. Some of the numbers have been blocked out. Help Elise fill in the missing parts. Destination Alone? Sample Space Probability F Europe n Friends 0.15 EUR A D Europe n Alone E F S.E. Asian Friends F SEA A S.E. Asian Alone 0.3 F USA n Friends G USA A USA n Alone 0.05 H 0.30 A B Total QUESTION 8 Elise realized that a lot of things can go wrong while trying to plan for a trip, so she plans on preparing for two different trips, where one of the trips is just a back up plan. Because she will be planning for two trips, Elise is curious about the probabilities associated with the two plans. Elise isn't so great at probability, but she knows that drawing Venn diagrams can help. If Elise makes one plan for a backpacking trip through South East Asia and makes another plan for a roadtrip across USA, what is the probability that Elise's vacation is in South East Asia or in USA? In the Venn diagram, there (type is or is no) overlapping area, because the two trips (type are or are not) mutually exclusive. What is the probability associated with the overlapping area? Report the answer to two decimal places: What is the probability that Elise's vacation is in South East Asia or in USA? Report the answer to two decimal places: If Elise makes one plan to travel to Europe and makes another plan to travel alone, what is the probability that Elise's vacation is in Europe or by herself? In the Venn diagram, there (type is or is no) overlapping area, because the two trips (type are or are not) mutually exclusive. What is the probability associated with the overlapping area? Report the answer to two decimal places: What is the probability that Elise's vacation is in Europe or by herself? Report the answer to two decimal places
