Conditional Probability

6 questions

Question 1Question

An analyst at an investment firm evaluates a portfolio of 160160 corporate bonds for two potential risk factors: credit rating downgrade risk and liquidity risk. The evaluation reveals that 6060 bonds have credit rating downgrade risk, 7272 bonds have liquidity risk, and 6464 bonds have neither risk factor. If a bond is selected at random from those in the portfolio that have at least one of the two risk factors, what is the probability that it has credit rating downgrade risk? Express your answer as a decimal.

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Answer: 0.625

Answer

The probability is 0.625 (or 5/8).
To calculate the probability that a bond has credit rating downgrade risk given that it has at least one risk factor, the sample space must be restricted to bonds with at least one risk factor. Out of 160160 bonds, 6464 have neither risk factor, leaving 16064=96160 - 64 = 96 bonds with at least one risk factor. All 6060 bonds with credit rating downgrade risk are part of this group. The required conditional probability is 6096=58=0.625\frac{60}{96} = \frac{5}{8} = 0.625.

Step-by-Step Solution

1
Calculate the size of the restricted sample space (bonds with at least one risk factor).
Total bonds with at least one risk factor = 160 - 64 = 96 bonds.
The condition specifies that the selection is made only from bonds having at least one risk factor.
2
Identify the number of favorable outcomes within this restricted sample space.
Number of bonds with credit rating downgrade risk = 60.
All 60 bonds with credit rating downgrade risk inherently possess at least one risk factor, so they lie entirely within the restricted sample space.
3
Compute the conditional probability P(Downgrade Risk | At Least One Risk).
60 / 96 = 5 / 8 = 0.625.
Conditional probability requires dividing the count of favorable outcomes by the count of the restricted sample space.

Key Concept

Conditional Probability and Sample Space Restriction
Question 2Question

An integer is selected at random from the set of all positive integers less than or equal to 40. Given that the selected integer is a multiple of 3, what is the probability that it is also a multiple of 4?

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Answer: 313\frac{3}{13}

Answer

The probability that the selected integer is a multiple of 4, given that it is a multiple of 3, is 313\frac{3}{13}.
The condition 'given that the selected integer is a multiple of 3' restricts the sample space to the 13 positive integers up to 40 that are divisible by 3: 3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36, and 39. Among these 13 numbers, those that are also multiples of 4 are multiples of 12, namely 12, 24, and 36 (3 numbers). Therefore, the conditional probability is 313\frac{3}{13}.

Step-by-Step Solution

1
Identify the restricted sample space defined by the condition.
The positive integers less than or equal to 40 that are multiples of 3 are: 3, 6, 9, 12, 15, 18, 21, 24, 27, 30, 33, 36, and 39. There are 13 such integers.
For conditional probability P(AB)P(A \mid B), the sample space must be restricted to all outcomes satisfying condition BB (being a multiple of 3).
2
Identify the favorable outcomes within the restricted sample space.
Integers that are multiples of both 3 and 4 must be multiples of 12. Among the 13 multiples of 3, those that are also multiples of 12 are: 12, 24, and 36. There are 3 such integers.
The numerator of P(AB)P(A \mid B) counts the elements in the intersection ABA \cap B.
3
Calculate the conditional probability.
P(Multiple of 4Multiple of 3)=313P(\text{Multiple of 4} \mid \text{Multiple of 3}) = \frac{3}{13}.
Divide the number of favorable outcomes (3) by the total number of outcomes in the restricted sample space (13).

Key Concept

Conditional Probability with Restricted Sample Space
Estimated Time:1m 30s
Question 3Question

A laboratory tested 200200 synthetic compound samples for two properties: thermal stability and chemical resistance. Among the samples, 120120 exhibited thermal stability, 9090 exhibited chemical resistance, and 5050 exhibited neither property. If a sample is selected at random from those that exhibited thermal stability, what is the probability that it also exhibited chemical resistance?

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Answer: 0.5

Answer

0.5
The conditional probability of selecting a sample with chemical resistance given that it has thermal stability is found by dividing the number of samples with both properties (6060) by the total number of samples with thermal stability (120120), giving 60120=0.5\frac{60}{120} = 0.5.

Step-by-Step Solution

1
Find the total number of samples exhibiting at least one of the two properties.
Since 5050 out of 200200 samples exhibited neither property, the number of samples exhibiting at least one property is 20050=150200 - 50 = 150.
The total population consists of samples exhibiting at least one property plus samples exhibiting neither property.
2
Calculate the number of samples exhibiting both thermal stability (TT) and chemical resistance (CC).
Using the inclusion-exclusion principle TC=T+CTC|T \cup C| = |T| + |C| - |T \cap C|, we have 150=120+90TC150 = 120 + 90 - |T \cap C|, which yields TC=60|T \cap C| = 60.
Overlapping sets require subtracting the intersection to avoid double-counting elements.
3
Compute the conditional probability P(CT)P(C|T).
P(CT)=TCT=60120=0.5P(C|T) = \frac{|T \cap C|}{|T|} = \frac{60}{120} = 0.5.
The given condition restricts the sample space to only the 120120 samples exhibiting thermal stability.

Key Concept

Conditional probability restricts the sample space to the given condition's outcome space: P(AB)=ABBP(A|B) = \frac{|A \cap B|}{|B|}.
Estimated Time:1m 30s
Question 4Question

In a group of 100100 students, 6060 students study Spanish and 4040 students study French. Among the 6060 students studying Spanish, 1515 also study French. If a student who studies Spanish is selected at random, what is the probability that the selected student also studies French?

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Answer: 0.25

Answer

The probability that a randomly selected Spanish-studying student also studies French is 0.25.
Since the student is chosen from the group of 6060 Spanish-studying students, the sample space is restricted to 6060. Within this subset, 1515 students study French. The conditional probability is therefore 1560=0.25\frac{15}{60} = 0.25.

Step-by-Step Solution

1
Identify the total number of outcomes in the restricted sample space.
The sample space is restricted to students studying Spanish: n(Spanish)=60n(\text{Spanish}) = 60.
The question specifies that the student is chosen from those who study Spanish.
2
Identify the number of favorable outcomes within this restricted sample space.
The number of students studying both Spanish and French is n(SpanishFrench)=15n(\text{Spanish} \cap \text{French}) = 15.
We need the count of students who satisfy both the given condition and the target event.
3
Calculate the conditional probability.
P(FrenchSpanish)=1560=0.25P(\text{French} | \text{Spanish}) = \frac{15}{60} = 0.25.
Conditional probability is calculated by dividing the intersection count by the given condition's total count.

Key Concept

Conditional Probability: P(AB)=n(AB)n(B)P(A|B) = \frac{n(A \cap B)}{n(B)}
Question 5Question

A box contains 12 cards numbered consecutively from 1 through 12. Two cards are selected at random from the box without replacement. Given that the sum of the numbers on the two selected cards is even, what is the probability that at least one of the selected cards has a prime number on it?

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Answer: 1930\frac{19}{30}

Answer

The conditional probability that at least one selected card has a prime number on it, given that their sum is even, is 1930\frac{19}{30}.
The option offering 19/30 is correct. Given that the sum of the two cards is even, both cards must be even or both cards must be odd. Choosing 2 even cards from 6 available gives 15 pairs, and choosing 2 odd cards from 6 available gives 15 pairs, making 30 possible pairs in total for the restricted sample space. Among the even cards, 2 is prime while 4, 6, 8, 10, and 12 are non-prime (5 numbers). Among the odd cards, 3, 5, 7, and 11 are prime (4 numbers) while 1 and 9 are non-prime (2 numbers). The pairs containing no primes consist of 2 non-prime evens (10 pairs) and 2 non-prime odds (1 pair), giving 11 non-prime pairs. Subtracting from 30 yields 19 pairs with at least one prime. Thus, the conditional probability is 19/30.

Step-by-Step Solution

1
Determine the restricted sample space (Condition B: Sum of two cards is even)
Total outcomes in Condition B = 30
The sum of two integers is even if both are even or both are odd. Among numbers 1 to 12, there are 6 even numbers ({2, 4, 6, 8, 10, 12}) and 6 odd numbers ({1, 3, 5, 7, 9, 11}). The number of ways to pick 2 even cards is (62)=15\binom{6}{2} = 15, and 2 odd cards is (62)=15\binom{6}{2} = 15. Total pairs with an even sum = 15+15=3015 + 15 = 30.
2
Categorize the numbers 1 through 12 by parity and primality
Prime evens = {2} (1 number); Non-prime evens = {4, 6, 8, 10, 12} (5 numbers); Prime odds = {3, 5, 7, 11} (4 numbers); Non-prime odds = {1, 9} (2 numbers)
Note that 1 is not a prime number, and 2 is the only even prime number.
3
Count the number of pairs in the restricted sample space with NO prime numbers
11 non-prime pairs
Pairs of two evens with no primes come from non-prime evens: (52)=10\binom{5}{2} = 10 pairs. Pairs of two odds with no primes come from non-prime odds: (22)=1\binom{2}{2} = 1 pair. Total non-prime pairs = 10+1=1110 + 1 = 11.
4
Calculate favorable outcomes (Event A ∩ B) and the conditional probability
P(A|B) = 19/30
Favorable pairs with at least one prime = 3011=1930 - 11 = 19. Therefore, P(At least one primeEven sum)=1930P(\text{At least one prime} \mid \text{Even sum}) = \frac{19}{30}.

Key Concept

Conditional Probability with Restricted Sample Space
Estimated Time:2m 0s
Question 6Question

A software company audited 120120 applications for compliance with two protocols: Accessibility (Protocol A) and Security (Protocol B). The audit revealed that 7575 applications complied with Protocol A, 6060 applications complied with Protocol B, and 3535 applications complied with neither protocol. If an application selected at random from the audited group is known to comply with Protocol A, what is the probability that it also complies with Protocol B?

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Answer: 23\frac{2}{3}

Answer

23\frac{2}{3}
Out of the 120 total applications, 35 comply with neither protocol, leaving 85 that comply with at least one. Using the inclusion-exclusion principle (75+6085=5075 + 60 - 85 = 50), exactly 50 applications comply with both protocols. Since the application is already known to comply with Protocol A, the denominator is restricted to the 75 applications in Protocol A. The conditional probability is therefore 50/75=2/350 / 75 = 2/3.

Step-by-Step Solution

1
Determine the number of applications that comply with at least one protocol.
Total applications minus those complying with neither: 12035=85120 - 35 = 85.
The total sample space is partitioned into applications complying with at least one protocol and those complying with neither.
2
Find the number of applications complying with both Protocol A and Protocol B using the Principle of Inclusion-Exclusion.
AB=A+BAB=75+6085=50|A \cap B| = |A| + |B| - |A \cup B| = 75 + 60 - 85 = 50.
Summing the counts of Protocol A and Protocol B counts applications in both protocols twice.
3
Calculate the conditional probability P(BA)P(B|A).
P(BA)=ABA=5075=23P(B|A) = \frac{|A \cap B|}{|A|} = \frac{50}{75} = \frac{2}{3}.
Given that the selected application complies with Protocol A, the sample space is restricted to A=75|A| = 75.

Key Concept

Conditional Probability with Overlapping Sets
Estimated Time:1m 30s
Conditional Probability Practice Questions — GMAT | Examkin