Week One Quiz >>> A black swan event is a low probability high impact event >>> Probability and Statistics: To p or not to p?
1.
Question 1
A black swan event is a low-probability high-impact event.
2.
Question 2
A model is a perfect representation of reality.
6.
Question 6
Under the assumption of normality, there is approximately a 99.7% probability of being within three standard deviations of the mean.
8.
Question 8
The classic London Underground map allows a tourist to get from point A to point B.
9.
Question 9
The Circle line is a true (perfect) circle.
3.
Question 3
A good model, other things equal, departs significantly from reality.
4.
Question 4
In the Monty Hall problem, switching to the unopened door guarantees you will win the sports car.
5.
Question 5
Internal variables are under our control.
7.
Question 7
There is a current skills deficit due to demand from employers for quantitative staff exceeding supply.
10.
Question 10
Decision-making is a process when one is faced with a problem or decision with a certain outcome.
==========================================
1.
Question 1
A black swan event is a high-probability low-impact event.
==========================================
4.
Question 4
In the Monty Hall problem, initially all three doors have the same probability of hiding the sports car.
6.
Question 6
Under the assumption of normality, there is approximately a 99.7% probability of being within two standard deviations of the mean.
==========================================
7.
Question 7
There is a current skills surplus due to the supply of quantitative employees exceeding demand from employers.
==========================================
9.
Question 9
The “Circle line” is a sensible choice of name for the “Circle line”.
10.
Question 10
Decision-making is a process when one is faced with a problem or decision having more than one possible outcome.