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Statistics
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Business Statistics Study Set 1
Quiz 6: The Normal Distribution
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Question 81
Short Answer
The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.The probability isthat a product is assembled in between 16 and 21 minutes.
Question 82
Short Answer
SCENARIO 6-2 John has two jobs.For daytime work at a jewelry store he is paid $15,000 per month, plus a commission.His monthly commission is normally distributed with mean $10,000 and standard deviation $2000.At night he works occasionally as a waiter, for which his monthly income is normally distributed with mean $1,000 and standard deviation $300.John's income levels from these two sources are independent of each other. -Referring to Scenario 6-2, for a given month, what is the probability that John's commission from the jewelry store is between $11,000 and $12,000?
Question 83
Short Answer
SCENARIO 6-2 John has two jobs.For daytime work at a jewelry store he is paid $15,000 per month, plus a commission.His monthly commission is normally distributed with mean $10,000 and standard deviation $2000.At night he works occasionally as a waiter, for which his monthly income is normally distributed with mean $1,000 and standard deviation $300.John's income levels from these two sources are independent of each other. -Referring to Scenario 6-2, for a given month, what is the probability that John's commission from the jewelry store is no more than $8,000?
Question 84
Multiple Choice
SCENARIO 6-1 The number of column inches of classified advertisements appearing on Mondays in a certain daily newspaper is normally distributed with population mean of 320 and population standard deviation of 20 inches. -Referring to Scenario 6-1, a single Monday is chosen at random.State in which of the following ranges the number of column inches of classified advertisement is most likely to be:
Question 85
Short Answer
SCENARIO 6-2 John has two jobs.For daytime work at a jewelry store he is paid $15,000 per month, plus a commission.His monthly commission is normally distributed with mean $10,000 and standard deviation $2000.At night he works occasionally as a waiter, for which his monthly income is normally distributed with mean $1,000 and standard deviation $300.John's income levels from these two sources are independent of each other. -Referring to Scenario 6-2, for a given month, what is the probability that John's commission from the jewelry store is at least $12,000?
Question 86
Short Answer
SCENARIO 6-1 The number of column inches of classified advertisements appearing on Mondays in a certain daily newspaper is normally distributed with population mean of 320 and population standard deviation of 20 inches. -Referring to Scenario 6-1, for a randomly chosen Monday, what is the probability there will be between 280 and 360 column inches of classified advertisement?
Question 87
Short Answer
The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.So, 70% of the products would be assembled within minutes.
Question 88
Short Answer
The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.So, 15% of the products require more than minutes for assembly.