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Statistics for Business and Economics Study Set 3
Quiz 6: Continuous Probability Distributions
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Question 101
Multiple Choice
Which of the following probability distributions have the same value for mean, median, and mode?
Question 102
Multiple Choice
There is a lower limit but no upper limit for a random variable that follows the _____ probability distribution.
Question 103
Multiple Choice
The time it takes to travel from home to the office is normally distributed with μ = 25 minutes and σ = 5 minutes. What is the probability the trip takes more than 32 minutes?
Question 104
Multiple Choice
The time it takes to travel from home to the office is normally distributed with μ = 25 minutes and σ = 5 minutes. What is the probability the trip takes between 20 and 30 minutes?
Question 105
Multiple Choice
The time it takes to travel from home to the office is normally distributed with μ = 25 minutes and σ = 5 minutes. What is the probability the trip takes more than 40 minutes?
Question 106
Multiple Choice
An experiment consists of measuring the speed of automobiles on a highway by the use of radar equipment. The random variable in this experiment is speed, measured in miles per hour. This random variable is a _____ random variable.
Question 107
Short Answer
In grading eggs into small, medium, and large, the Nancy Farms packs the eggs that weigh more than 3.6 ounces in packages marked "large" and the eggs that weigh less than 2.4 ounces into packages marked "small"; the remainder are packed in packages marked "medium." If a day's packaging contained 10.2% large and 4.18% small eggs, determine the mean and the standard deviation for the eggs' weights. Assume that the distribution of the weights is normal.
Question 108
Multiple Choice
The uniform distribution defined over the interval from 25 to 40 has the probability density function
Question 109
Short Answer
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked" large" and shrimp that weigh less than 0.47 ounces each into packages marked "small"; the remainder are packed in "medium" size packages. If a day's catch showed that 19.77 percent of the shrimp were large and 6.06 percent were small, determine the mean and the standard deviation for the shrimp weights. Assume that the shrimps' weights are normally distributed.
Question 110
Short Answer
The average starting salary of this year's MBA students is $45,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. What are the minimum and the maximum starting salaries of the middle 95% of MBA graduates?
Question 111
Multiple Choice
If arrivals follow a Poisson probability distribution, the time between successive arrivals must follow a(n) _____ probability distribution.
Question 112
Multiple Choice
Whenever the probability is proportional to the length of the interval in which the random variable can assume a value, the random variable is _____ distributed.
Question 113
Multiple Choice
The probability distribution that can be described by just one parameter is the
Question 114
Multiple Choice
The area of the continuous uniform probability distribution is
Question 115
Multiple Choice
Which of the following are continuous random variables? I. The weight of an elephant II. The time to answer a questionnaire III. The number of floors in a skyscraper IV. The square feet of countertop in a kitchen