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Statistics for Business and Economics Study Set 5
Quiz 5: A Sulvey of Probability Concepts
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Question 21
Multiple Choice
i. For a binomial distribution, each trial has a known number of successes. For example, a four Question multiple-choice test can only have zero, one, two, three and four successes (number Correct) . ii. To construct a binomial probability distribution, the number of trials and the probability of success Must be known. iii. A binomial distribution has a characteristic that the trials are independent, which means that the Outcome of one trial does not affect the outcome of any other trial.
Question 22
Multiple Choice
What must you know to develop a binomial probability distribution?
Question 23
Multiple Choice
Judging from recent experience, 5 percent of the computer keyboards produced by an automatic, High-speed machine are defective. What is the probability that out of six keyboards selected at Random, exactly zero keyboards will be defective?
Question 24
Multiple Choice
On a very hot summer day, 5 percent of the production employees at Midland States Steel are Absent from work. The production employees are to be selected at random for a special in-depth Study on absenteeism. What is the probability of selecting 10 production employees at random on a Hot summer day and finding that none of them are absent?
Question 25
Multiple Choice
Which of the following is NOT a characteristic of a binomial probability distribution?
Question 26
Multiple Choice
i. A binomial distribution has a characteristic that an outcome of an experiment is classified into one Of two mutually exclusive categories (a success or a failure) . ii. A binomial distribution has the characteristic that the probability of a success stays the same for Each trial, but the probability of a failure varies from trial to trial. iii. The mean of a binomial probability distribution can be determined by multiplying the probability Of a failure by the number of trials.
Question 27
Multiple Choice
Belk Department Store is having a special sale this weekend. Customers charging purchases of More than $50 to the Belk credit card will be given a special Belk lottery card. The customer will Scratch the card, which will indicate the amount to be taken off the total amount of purchase. Listed Below is the amount of the prize and the percent of the time that amount will be deducted from the Total amount of the purchase
Determine the mean and standard deviation of the prize amount.
Question 28
Multiple Choice
i. A binomial distribution is a discrete probability distribution. ii. To construct a binomial distribution, it is necessary to know the total number of trials and the Probability of success on each trial. iii. If the probability of success remains the same, but n increases, the shape of the binomial Distribution becomes more symmetrical.
Question 29
Multiple Choice
i. A binomial distribution is a continuous probability distribution. ii. To construct a binomial distribution, it is necessary to know the total number of trials and the Probability of success on each trial. iii. If the probability of success remains the same, but n increases, the shape of the binomial Distribution becomes more symmetrical.
Question 30
Multiple Choice
Sponsors of a local charity decided to attract wealthy patrons to its $500-a-plate dinner by allowing Each patron to buy a set of 20 tickets for the gaming tables. The chance of winning a prize for each Of the 20 plays is 50-50. If you bought 20 tickets, what is the chance of winning 15 or more prizes?
Question 31
Multiple Choice
Which one of the following is NOT a condition of the binomial distribution?
Question 32
Multiple Choice
A true-false test consists of six questions. If you guess the answer to each question, what is the Probability of getting all six questions correct?
Question 33
Multiple Choice
Let X represent the number of children in a Canadian household. The probability distribution of X is As follows:
Determine the expected number of children in a randomly selected Canadian household.
Question 34
Multiple Choice
The information below is the number of daily emergency assists made to skiers by the volunteer ski Team at Alpine Ski Lodge for the last 50 days. To explain, there were 22 days on which there were 2 emergency assists, and 9 days on which There were 3 emergency assists.
Convert this information to a probability distribution, and determine the mean number of assists per day.
Question 35
Multiple Choice
Sixty percent of the customers of a fast food chain order the Whopper, French fries and a drink. If a Random sample of 15 cash register receipts is selected, what is the probability that 10 or more will Show that the above three food items were ordered?
Question 36
Multiple Choice
Chances are 50-50 that a newborn baby will be a girl. For families with five children, what is the Probability that all the children are girls?
Question 37
Multiple Choice
The information below is the number of daily emergency assists made to skiers by the volunteer ski Team at Alpine Ski Lodge for the last 50 days. To explain, there were 22 days on which there were 2 emergency assists, and 9 days on which There were 3 emergency assists.
Convert this information to a probability distribution, and determine the mean number of assists per day.
Question 38
Multiple Choice
Which is true for a binomial distribution?
Question 39
Multiple Choice
In a large metropolitan area, past records revealed that 30 percent of all the high school graduates Go to college. From 20 graduates selected at random, what is the probability that exactly 8 will go To college?