Exam 1

1. Metainformation

   Tag	Value
   file	Probability_uva-elementary-probability-1168-en_uva-elementary-probability-1168-en
   name	uva-elementary-probability-1168-en
   section	Probability/Elementary Probability
   type	schoice
   solution	FALSE, TRUE, FALSE, FALSE
   Type	Conceptual, Calculation
   Language	English
   Level	Statistical Literacy
   IRT-Difficulty	0.397
   p-value	0.9118

   Question

   You sell contents insurance. If a burglary occurs, € 7000 to be paid out. Research shows that there are 46.9 burglaries per 1,000 households. What does your insurance have to cost to make a profit?

   
   
   1. FALSE: Less than €328.30
   2. TRUE: More than € 328.30
   3. FALSE: Less than € 7000
   4. FALSE: More than € 7000
   
   
   1. Less than € 328.30: Incorrect
   2. More than € 328,30: Correct
   3. Less than € 7000: Incorrect
   4. More than € 7000: Incorrect