- Please explain why you would expect that the intersection of a linear demand curve and a linear supply curve would lie in the first quadrant.

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- Explain the difference between simple interest and compound interest.
- What is a set? Give an example.
- When are two sets equal? Give an example of two equal sets.
- What is an empty set?
- Explain the multiplication principle,and provide an example.

- a. What is a permutation of a set of distinct objects?
- How many permutations of a set five distinct objects taken three at a time are there?
- a. How many combinations are there of a set of n distinct objects taken r at a time?
- How many combinations are there of six distinct objects taken three at a time?
- Explain what is meant by an experiment. Give an example. For the example you have chosen, describe (a) a sample point, (b) the sample space, and (c) an event of the experiment.

- Define (a) a probability distributionand (b) a probability function. Give examples of each.

- What is the probability of an event
*E*in a uniform sample space*S*?

- What is conditional probability? Illustrate the concept with an example.

- What is a random variable? Give an example.

- What does Chebychev’s inequality measure?

- 2a. What is the difference between a normal curve and a standard normal curve?
- If X is a normal random variable with mean and standard deviation, write P (a< X < b) in terms of the probabilities associated with the standard normal random variable Z.
- 18. What does Theorem 1, page 526 in your textbook, allow us to do? (the book used for this course is Finite Mathematics 11
^{th}edition)

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