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Business Statistics Study Set 1
Quiz 5: Discrete Probability Distributions
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Question 21
True/False
Suppose that the number of airplanes arriving at an airport per minute is a Poisson process.The mean number of airplanes arriving per minute is 3.The probability that exactly 6 planes arrive in the next minute is 0.05041.
Question 22
True/False
The diameters of 10 randomly selected bolts have a binomial distribution.
Question 23
Short Answer
SCENARIO 5-2 A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open (where they do not compete, so it is reasonable to believe that their relative successes would be independent). -Referring to Scenario 5-2, the probability that at least 1 business succeeds is .
Question 24
True/False
In a Poisson distribution, the mean and standard deviation are equal.
Question 25
Multiple Choice
The local police department must write, on average, 5 tickets a day to keep department revenues at budgeted levels.Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.5 tickets per day.Interpret the value of the mean.
Question 26
True/False
If
π
\pi
π
remains constant in a binomial distribution, an increase in n will increase the variance.
Question 27
Short Answer
If X has a binomial distribution with n = 4 and p = 0.3, then P(X = 1) = .
Question 28
Short Answer
SCENARIO 5-2 A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open (where they do not compete, so it is reasonable to believe that their relative successes would be independent). -Referring to Scenario 5-2, the probability that exactly 1 business succeeds is .
Question 29
True/False
In a Poisson distribution, the mean and variance are equal.
Question 30
True/False
The number of customers arriving at a department store in a 5-minute period has aPoisson distribution.
Question 31
Short Answer
SCENARIO 5-1 The probability that a smoke alarm will function properly and sound an alarm in the presence of smoke is 0.8.You have 2 such alarms in your home and they operate independently. -Referring to Scenario 5-1, the probability that at least one sounds an alarm in the presence of smoke is _.
Question 32
True/False
If
π
\pi
π
remains constant in a binomial distribution, an increase in n will not change the mean.
Question 33
Short Answer
SCENARIO 5-2 A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open (where they do not compete, so it is reasonable to believe that their relative successes would be independent). -Referring to Scenario 5-2, the probability that all 3 businesses succeed is .
Question 34
True/False
Another name for the mean of a probability distribution is its expected value.
Question 35
True/False
Suppose that a judge's decisions follow a binomial distribution and that his verdict is incorrect 10% of the time.In his next 10 decisions, the probability that he makes fewer than 2 incorrect verdicts is 0.736.