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Statistics for Business and Economics Study Set 5
Quiz 6: Discrete Probability Distributions
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Question 81
Multiple Choice
A new drug has been developed that is found to relieve nasal congestion in 90 percent of those With the condition. The new drug is administered to 300 patients with the condition. What is the Probability that more than 265 will be relieved of nasal congestion?
Question 82
Multiple Choice
From past history, the scores on a statistics test are normally distributed with a mean of 70% and a Standard deviation of 5%. To earn a "B" on the test, a student must be in the top 15% of the class. What should a student score to receive a "B"?
Question 83
Multiple Choice
Tabulation of a strike vote showed that 90% of those voting cast their ballot in favour of strike Action. You take a sample of 50 voters. Assume this to be a binomial distribution. What is the probability that more than 45 of the voters from your sample voted in favour of strike Action?
Question 84
Multiple Choice
For the standard normal distribution, what z-score corresponds with the 85% percentile?
Question 85
Multiple Choice
Management is considering adopting a bonus system to increase production. One suggestion is to Pay a bonus on the highest 5 percent of production based on past experience. Past records Indicate that, on the average, 4,000 units of a small assembly are produced during a week. The Distribution of the weekly production is approximately normally distributed with a standard deviation Of 60 units. If the bonus is paid on the upper 5 percent of production, the bonus will be paid on how Many units or more?
Question 86
Multiple Choice
Bottomline Ink, a forms management company, fills 100 orders a day with a 2% error rate in the Completed orders. Assume this to be a binomial distribution. What is the probability that there will Be more than 5 order errors in a given day?
Question 87
Multiple Choice
From past history, the scores on a statistics test are normally distributed with a mean of 70% and a Standard deviation of 5%. To earn an "A" on the test, a student must be in the top 5% of the class. What should a student score to receive an "A"?
Question 88
Multiple Choice
What is the value of the continuity correction factor?
Question 89
Multiple Choice
Past experience of a large manufacturing firm with administering a test to recent college graduates Who had applied for a job revealed that the mean test score was 500, and the standard deviation Was 50. The distribution of the test scores was normal. Based on this experience, management is Considering placing a person whose score is in the upper 6 percent of the distribution directly into a Responsible position. What is the lowest score a college graduate must earn to qualify for a Responsible position?
Question 90
Multiple Choice
Bottomline Ink, a forms management company, fills 100 orders a day with a 2% error rate in the Completed orders. Assume this to be a binomial distribution. What is the standard deviation for this Distribution?