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Basic Statistics for Business Economics
Quiz 5: Discrete Probability Distributions
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Question 101
Multiple Choice
When surveyed for brand recognition, 98% of consumers recognize Coke. A new survey of 800 randomly selected consumers is to be conducted. For such a group of 800, calculate the mean and standard deviation for the number who recognize the Coke brand name. Considering as unusual a result that differs from the mean by more than two standard deviations, it (___ (is/is not) ___) unusual to get 775 consumers who recognize the Coke brand name.
Question 102
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, approximately how many will go to college?
Question 103
Multiple Choice
(i. A random variable with a Poisson distribution has one of three mutually exclusive values. (ii) For the hypergeometric distribution there are only 2 possible outcomes. (iii) In the hypergeometric distribution the probability of a success is not the same on each trail.
Question 104
Multiple Choice
A marketing solutions poll of mutual funds and fund owners asked fund owners what action they took after the September 11
th
2001 market drop. Sixteen percent of respondents said they bought more funds. If 600 fund owners were polled, calculate the mean and standard deviation of the number of respondents who bought more funds. Considering as unusual a result that differs from the mean by more than two standard deviations, it (___ (is/is not) ___) unusual that in one of these polls of 600 fund owners, 100 respondents bought more mutual funds.
Question 105
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the customers ordering her chilidogs order it with hot peppers. Suppose 18 customers are selected at random. What is the probability that sixteen or more customers will want hot peppers?
Question 106
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the customers ordering her chili dogs order it with hot peppers. Suppose 18 customers are selected at random. What is the probability that exactly nine customers will ask for hot peppers?
Question 107
Multiple Choice
(i. A random variable with a Poisson distribution has one of two mutually exclusive values. (ii) For the hypergeometric distribution there are only 2 possible outcomes. (iii) In the hypergeometric distribution the probability of a success is not the same on each trail.
Question 108
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the customers ordering her chili dogs order it with hot peppers. Suppose 18 customers are selected at random. What is the probability that between two and five people inclusive want hot peppers?
Question 109
Multiple Choice
Let X represent the number of children in a Canadian household. The probability distribution of X is as follows:
What is the probability that a randomly selected Canadian household will have more than 3 children? What is the expected number of children in a Canadian household?
Question 110
Multiple Choice
In a Poisson distribution each trail is independent. (i) The binomial distribution and the Poisson distribution have two possible experimental outcomes. (ii. The Poisson distribution or, the law of improbable events, has negatively skewed shape. (iii) In a Poisson distribution each trail is dependent on the others.
Question 111
Multiple Choice
(i. A random variable with a Poisson distribution has one of two mutually exclusive values. (ii) For the hypergeometric distribution there are only 2 possible outcomes. (iii) In the hypergeometric distribution the probability of a success is the same on each trail.
Question 112
Multiple Choice
In a large metropolitan area, past records revealed that 30 percent of all the high school graduates go to college. From 10 graduates selected at random, calculate the probability that none will go to college.