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Business Statistics
Quiz 7: Continuous Random Variables
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Question 21
True/False
The standardized normal quantile value O
i
is the z value that gives an area of i/(n − 1) to its right under the normal curve.
Question 22
Multiple Choice
If the random variable, X, is normally distributed and has a mean of µ and a standard deviation σ, then the mean and standard deviation, respectively, of (X − µ) /σ are
Question 23
Multiple Choice
The first step to constructing a normal probability plot is to
Question 24
Multiple Choice
The random variable x has a uniform distribution when x lies between the values of 4 and 10. When x = 10, what is the value of f(x) ?
Question 25
Multiple Choice
The grade a student received on an examination was transformed to a z value, which was negative. Therefore, we know that the student scored
Question 26
Multiple Choice
The price-to-earnings ratio for firms in a given industry is distributed according to the normal distribution. In this industry, a firm with a standard normal variable value of z = 1
Question 27
Multiple Choice
If the wages of workers for a given company are normally distributed with a mean of $15 per hour, then the proportion of the workers earning more than $13 per hour
Question 28
Multiple Choice
The normal approximation of the binomial distribution is appropriate when
Question 29
Multiple Choice
Which of the following is a continuous distribution?
Question 30
Multiple Choice
Values of the standard normal random variable are measured
Question 31
Multiple Choice
The area under the normal curve between z = 0 and z = 1 is ________ the area under the normal curve between z = 1 and z = 2.
Question 32
Multiple Choice
A study shows that employees who begin their workday at 9:00 a.m. vary their times of arrival uniformly from 8:40 a.m. to 9:30 a.m. The probability that a randomly chosen employee reports to work between 9:00 and 9:10 is