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PROBABILITY
Q.1 A coin is tossed twice. If the second draw results in a head, a die is rolled. Write the sample space
for this experiment.
Q.2 A coin is tossed. If head comes up, a die is thrown but if tail comes up, the coin is tossed again.
Find the probability of obtaining :
(i) two tails (ii) head and number 6 (iii) head and an even number
1 1 1
Q.3 If E and F are two events such that (EP ) = , P (F ) = and P (E and F) = , find
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(i) P (E or F) (ii) P (not E and not F)
Q.4 A die is thrown twice and the sum of the numbers appearing is observed to be 6. What is the
probability that the number 4 has appeared at least once?
Q.5 Two cards are drawn from a pack of 52 cards. What is the probability that either both are red or
both are kings?
2
Q.6 The probability that a person will get an electric contract is and the probability that he will
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4 2
not get plumbing contract is . If the probability of getting at least one contract is , what is
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the probability that he will get both ?
Q.7 Three coins are tossed. Consider the events :E = Three heads or three tails, F = At least two
heads and G = At most two heads. Of the pairs (E, F), (E, G) and (F, G) which are independent?
Which are dependent?
Q.8 One bag contains 4 white and 5 black balls. Another bag contains 6 white and 7 black balls. A ball
is transferred from first bag to the second bag and then a ball is drawn from the second bag. Find
the probability that the ball drawn is white.
Q.9 Two thirds of the students in a class are boys and the rest girls. It is known that the probability
of a girl getting a first class is 0.25 and that of a boy getting a first class is 0.28. Find the
probability that a student chosen at random will get first class marks in the subject.
Q.10 A man is known to speak truth 3 out of 4 times. He throws a die and reports that it is a six. Find
the probability that it is actually a six.
Case-based question
Two students Anil and Vijay appeared in an examination. The probability that Anil will qualify
the examination is 0.05 and that Vijay will qualify is 0.10. The probability that both will qualify
is 0.02.
On the basis of above information, answer the following questions.
(i) Find the probability that
(a) Vijay will not qualify the exam (b) atleast one of them will qualify the exam
(ii) Find the probability that
(a) atleast one of them will not qualify the exam
(b) both Anil and Vijay will not qualify the exam
FINANCIAL MATHEMATICS
Q.1 Divide Rs. 15,500 into two parts such that if one part be lent out at 15% per annum and the other
at 24% per annum, the total annual income is Rs. 3,000.
Q.2 Find the compound interest at the rate of 10% per annum for four years on the principal which
in four years at the rate of 4% per annum gives Rs. 1600 as simple interest.
Q.3 Amine can be purchased by paying Rs. 6,00,000 now or Rs. 2,00,000 initially and two
installments of Rs. 3,00,000 at the end of second year and Rs. 1,90,000 at the end of 4th year
respectively. To pay cash now, the buyer would have to withdraw he money from an
investment earning interest at 8% compounded annually. Which option is better and by how
much in present value terms?
Q.4 The initial investment in a project is Rs. 10,00,000. if the project generates cash inflows of Rs.
5,00,000, Rs. 3,00,000 and Rs. 8,00,000 in first, second and third years respectively. Assume that
there is no salvage value at the end of third year and the required rate of return is 8% per annum.
Find the net present value of the project.
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