Exam 1

1. Metainformation

   Tag	Value
   file	Probability_uva-elementary-probability-1167-en_uva-elementary-probability-1167-en
   name	uva-elementary-probability-1167-en
   section	Probability/Elementary Probability
   type	schoice
   solution	FALSE, TRUE, FALSE, FALSE
   Type	Conceptual, Calculation
   Language	English
   Level	Statistical Literacy
   IRT-Difficulty	0.44
   p-value	0.9103

   Question

   You sell contents insurance. If a burglary occurs, € 5000 to be paid out. Research shows that there are 26.9 burglaries per 1,000 households. What does your insurance have to cost to make a profit?

   
   
   1. FALSE: Less than €134.50
   2. TRUE: More than € 134.50
   3. FALSE: Less than € 5000
   4. FALSE: More than € 5000
   
   
   1. Less than €134.50: Incorrect
   2. More than € 134.50: Correct
   3. Less than € 5000: Incorrect
   4. More than € 5000: Incorrect