Consider the following statements regarding probabilities:
Statistics ·Previously asked in JKSSB Finance Account Assistant 2024
View the full solved paper: Finance Accounts Assistant
Question
Consider the following statements regarding probabilities:
P: Probabilities can never add up to more than one.
Q: Probabilities of mutually exclusive events always add up to one.
R: Probabilities can never be zero.
S: Probabilities are always positive.
Which of the following statement is correct?
- A. P and S
- B. S only (Correct answer)
- C. P, R and S
- D. P, Q, R and S
Correct Answer
Option B — S only
Detailed Solution & Explanation
The correct answer is S only.
Key Points
- Among the four statements: P (probabilities never exceed 1 for individual events) is context-dependent; Q is false (mutually exclusive events don't always sum to 1 unless also exhaustive); R is false (P=0 is valid); S (probabilities are non-negative/positive) is the most consistently correct statement per the official answer.
Additional Information
- The axioms: every probability lies between 0 and 1, and the probabilities of all outcomes in a sample space sum to exactly 1.
- For mutually exclusive events, P(A or B) = P(A) + P(B); in general it is P(A) + P(B) − P(A and B).
- For independent events, P(A and B) = P(A) × P(B). Mutually exclusive and independent are different ideas — exclusive events with non-zero probability are never independent.
- P(not A) = 1 − P(A), which is often the quickest route when 'at least one' appears in the question.
Topics covered: Statistics