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Statistics for Managers
Quiz 5: Discrete Probability Distributions
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Question 21
True/False
True or False: The Poisson distribution can be used to model a continuous random variable.
Question 22
True/False
True or 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.
Question 23
True/False
True or False: In a Poisson distribution,the mean and variance are equal.
Question 24
Multiple Choice
A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.Prices for 100 rats follow the following distribution:
How much should the lab budget for next year's rat orders be,assuming this distribution does not change?
Question 25
True/False
True or False: Another name for the mean of a probability distribution is its expected value.
Question 26
True/False
True or False: The number of customers arriving at a department store in a 5-minute period has a Poisson distribution.
Question 27
True/False
True or False: The diameters of 10 randomly selected bolts have a binomial distribution.
Question 28
True/False
True or False: Suppose that the number of airplanes arriving at an airport per minute is a Poisson process.The average number of airplanes arriving per minute is 3.The probability that exactly 6 planes arrive in the next minute is 0.05041.
Question 29
True/False
True or False: The largest value that a Poisson random variable X can have is n.
Question 30
True/False
True or False: The number of customers arriving at a department store in a 5-minute period has a binomial distribution.
Question 31
True/False
True or False: The number of males selected in a sample of 5 students taken without replacement from a class of 9 females and 18 males has a binomial distribution.
Question 32
Multiple Choice
On the average,1.8 customers per minute arrive at any one of the checkout counters of a grocery store.What type of probability distribution can be used to find out the probability that there will be no customer arriving at a checkout counter?
Question 33
Multiple Choice
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful.He selected 3 companies from this group as the candidates for success.To analyze his ability to spot the companies that will eventually become highly successful,he will use what type of probability distribution?
Question 34
True/False
True or False: If remains constant in a binomial distribution,an increase in n will increase the variance.
Question 35
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 36
True/False
True or False: The number of males selected in a sample of 5 students taken without replacement from a class of 9 females and 18 males has a hypergeometric distribution.
Question 37
True/False
True or False: If remains constant in a binomial distribution,an increase in n will not change the mean.
Question 38
True/False
True or False: In a Poisson distribution,the mean and standard deviation are equal.
Question 39
Multiple Choice
A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.Suppose the mean cost of rats used in lab experiments turned out to be $13.00 per week.Interpret this value.