BANK & INSURANCE (PROBABILITY) PART 2

Total Questions: 45

21. In a bag, there are three colors of ball viz. Green, Black and Yellow. The probability of selecting one Green ball out of all the balls is 1/3 and the probability of selecting one Yellow ball out of all the balls is 3/8. If the number of Black ball in the bag is 7, then find the total number of Yellow balls in the bag.

Correct Answer: (c) 9
Solution:

Green = G, Black = B and Yellow = Y
It is given that,
p(G) = 1/3 and p(Y) = 3/8

so, we can write,
G/(G + B + Y) = 1/3
G/(G + 7 + Y) = 1/3
3G = G + 7 + Y
2G − Y = 7 …(i)

Similarly,
Y/(G + B + Y) = 3/8
Y/(G + 7 + Y) = 3/8
8Y = 3G + 3Y + 21
5Y − 3G = 21 … (ii)

Solving equation (i) and (ii) we get,
G = 8, B = 7 and Y = 9
Total Number of Yellow balls in the bag = 9

22. Sandeep participated in four quizzes of 100 marks each. The quizzes contain two options out of which one is correct and a total of 10 questions are there of 10 marks each of the quizzes. He scored 50, 60 and 90 in the first 3 quizzes. Find the probability that his average in all the four quizzes is greater than 65%.

Correct Answer: (a) 11/64  
Solution:

To have an average of 65% , Sandeep needs 260 out of 400.
He has already scored 200 marks in the 1st three quizzes.
That means he has to give atleast 7 correct answers in the last quiz.
So, there can be 3 cases in this.

Case 1: He answers all questions correctly and scores 100 which is possible in only 1 way.

Case 2: He answers 9 correctly with one incorrect.
This is possible in 10 ways as he can give an incorrect answer to any of the 10 questions.

Case 3: He answers 8 questions correctly with 2 incorrect answers. The 2 incorrect answers can be any of the 10 questions which is possible in ¹⁰C₂ ways.

Case 3: He answers 7 questions correctly with 3 incorrect answers. The 3 incorrect answers can be made in ¹⁰C₃ ways.

So, probability = (1 + 10 + ¹⁰C₂ + ¹⁰C₃)/2¹⁰ [we divide by 2¹⁰ because each question has two options and any of the options can be selected in a total of 10 questions]

Required probability = 176/1024 = 11/64

23. A car company produces 400 cars in a month at 3 different places. At place X it produces 200 cars a month. At place Y it produces 120 cars a months and at place Z it produces 80 cars a month. However 8% of the cars produced at place X are defective. 3% from place Y and 4% from place Z are defective. All the cars are exported to a showroom. If a car at the showroom is found defective. Calculate the ratio of probability that it was manufactured at place X and probability that it was manufactured at place Y.

Correct Answer: (d) 0.7/0.16  
Solution:

Let the car defective be = D
Let the car non defective = D’

So
P(X/D)
= 200×(0.08) / [200×0.08 + 120×0.03 + 80×0.04]
= 16/16+3.6+3.2
= 0.7

P(Y/D)
= 120×(0.03) / [200×0.08 + 120×0.03 + 80×0.04]
= 3.6/16+3.6+3.2
= 0.16

Ratio = 0.7/0.16

24. Two players X and Y toss a coin one after the other until one of them gets a head and looses a match. Find the probability that Y will lose the match if X starts the game?

Correct Answer: (b) 1/3  
Solution:

Probability of getting a head or tail = P(H) = P(T)
= 1/2

X looses if he throws a head in 1st or 3rd or 5th or 7th …

Probability of X will lose = 1/2 + (1/2)³ + (1/2)⁵ + …
= 1/2 [1 + (1/2)² + (1/2)⁴ + …]
= 1/2[1/(1 − 1/4)]
= 2/3

Required probability = 1 − 2/3 = 1/3

25. Santa has two bags of gifts. In 1st bag he has 5 chocolates, 7 candies. In 2nd bag he has 3 chocolates and 9 candies. One gift is moved from 1st to 2nd bag. And then 1 gift is drawn from 2nd bag. Find the probability that the 1st gift moved is candy. Assuming that the gift drawn from the 2nd bag is a candy.

Correct Answer: (c) 14/23
Solution:

P(A) = probability that the gift transferred from 1st bag first to second is candy:
= 7/12

P(B) = probability that the gift drawn from second bag is candy

Case I: If chocolate goes to 2nd bag
P(C) = 5/12 × 9/13

Case II: If candy goes to 2nd bag
P(D) = 7/12 × 10/13

P(B) = P(C) + P(D) = (45/156) + (70/156) = 115/156

P(A/B) = Probability of event A when B has
= 7/12 × 10/13 / (115/156) = 14/23

Hence, option c.

26. Bag A contains 5 blue and 6 red balls, bag B contains 7 blue and 5 red balls. If 6 balls are drawn at random from each of the bags, find the product of the probability that 4 blue and 2 red balls are drawn from bag A and 3 blue and 3 red balls are drawn from bag B.

Correct Answer: (b) 625/10164  
Solution:

Probability of drawing 4 blue and 2 red balls from bag
A = (⁵C₄ × ⁶C₂)/¹¹C₆ = 25/154

Probability of drawing 3 blue and 3 red balls from bag
B = (⁷C₃ × ⁵C₃)/¹²C₆ = 25/66

Required product = 25/154 × 25/66 = 625/10164

27. A bag contains 6 apple, 5 Banana and (x+4) Orange. If two fruits are taken at random and the probability of getting both are apple is 1/14, then find the value of x.

Correct Answer: (b) 6  
Solution:

⁶C₂/(15 + x)C₂ = 1/14
30 × 14 = (15 + x)(14 + x)
30 × 14 = 210 + 15x + 14x + x²
x² + 29x − 210 = 0
x² + 35x − 6x − 210 = 0
x(x + 35) − 6(x + 35) = 0
(x − 6)(x + 35) = 0
x = 6, −35 (negative value neglected)
x = 6

28. The box contains a certain number of red balls and certain number of green balls. If two balls are selected randomly, the probability that balls being red is 1/6, then find the total number of balls in that box?

Correct Answer: (e) Cannot be determined
Solution:Number of red balls = x
Number of green balls = y
xC₂/(x + y)C₂ = 1/6
Data inadequate

29. If 4 cards are drawn at random from a pack of cards, find the probability that at least 3 cards are spade cards.

Correct Answer: (e) 913/20825
Solution:

Possible cases = 3 spade cards + any other card OR 4 spade cards

Required probability
= (¹³C₃ × ³⁹C₁)/⁵²C₄ + (¹³C₄ / ⁵²C₄)

Required probability
= {(286 × 39)/⁵²C₄} + (715/⁵²C₄)

Required probability = (11869/⁵²C₄)

Required probability
= {11869/(52×51×50×49/4×3×2)}

Required probability = {11869/13×17×25×49}

Required probability = {913/17×25×49}

Required probability = (913/20825)

30. A bag contains 6 red balls, three green balls and three pink balls. If two balls are drawn at random, then what is the probability that one ball is pink and other is green or one ball is red and other is pink?

Correct Answer: (a) 9/22  
Solution:

Required probability
= (³C₁ × ³C₁ + ⁶C₁ × ³C₁)/¹²C₂ = 9/22