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Business Statistics Study Set 4
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Question 81
True/False
The shape of the exponential distribution is completely described by only one parameter, µ.
Question 82
Multiple Choice
Bananas are sold in bunches at a grocery store and typically consist of 4-8 bananas per bunch. Suppose the weight of these bunches follows a normal distribution with a mean of 3.54 pounds and a standard deviation of 0.63 pounds. The interval around the mean that contains 99.7% of the bunch weights is --------.
Question 83
Multiple Choice
According to the MIT Airline Data Project, American Airlines controlled 15.5% of the domestic market during a recent year. A random sample of 125 domestic passengers that year was selected. Using the normal approximation to the binomial distribution, what is the probability that 10 or fewer passengers from this sample were on American Airline flights?
Question 84
True/False
For continuous distributions, the probability that x is less than or equal to a value is the same as the probability that x is less than that value.
Question 85
True/False
The mathematical expression that describes the shape of normal curves is known as the normal probability density function.
Question 86
True/False
The z-score in a normal probability distribution determines the number of standard deviations that a particular value, x, is from the mean.
Question 87
True/False
The z-score follows a normal distribution with µ = 1 and a = 0, which is known as the standard normal distribution.
Question 88
Multiple Choice
During the 3 PM to 5 PM time period, cars arrive at a bank's drive-through window at an average rate of 15 customers per hour. Assume that the time between arrivals follows the exponential distribution. What is the standard deviation for this probability distribution?
Question 89
True/False
A normal probability distribution's standard deviation (a)completely describes its shape.
Question 90
Multiple Choice
Assume that the amount of time that it takes an employee to service a car at an oil change facility follows the uniform probability distribution between 21 and 38 minutes. What is the probability that a randomly selected car will require exactly 30 minutes to service?
Question 91
True/False
The standard deviation of the continuous uniform distribution is equal to the mean of this distribution.
Question 92
True/False
With the continuous uniform probability distribution, the probability of any interval in the distribution is equal to any other interval with the same width.
Question 93
True/False
The area under the curve of the normal probability distribution is always equal to 1.0.
Question 94
True/False
The mathematical expression that describes the shape of the curve for the exponential distribution is known as the exponential probability density function.
Question 95
Multiple Choice
The time that customers wait to be served at the delicatessen for a grocery store follows the uniform distribution between 0 and 7 minutes. What is the probability that a randomly selected customer will wait will be exactly 5 minutes at the deli?
Question 96
True/False
The time between customer arrivals is a common application for the uniform probability distribution.
Question 97
True/False
The mathematical expression that describes the shape of the uniform distribution is known as the continuous uniform probability density function.
Question 98
Multiple Choice
Assume that the flight time for U.S. Airways flight 1267 from Philadelphia to Dallas follows the uniform probability distribution between 210 and 250 minutes. What is the standard deviation of this distribution?
Question 99
Multiple Choice
Assume that the amount of time that it takes an employee to service a car at an oil change facility follows the uniform probability distribution between 21 and 38 minutes. What is the standard deviation of this distribution?