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Statistics for Business and Economics Study Set 4
Quiz 4: Random Variables and Probability Distributions
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Question 161
Multiple Choice
The time (in years) until the first critical-part failure for a certain car is exponentially distributed with a mean of 3.4 years. Find the probability that the time until the first critical-part failure is 5 Years or more.
Question 162
Multiple Choice
Which shape is used to represent areas for a normal distribution?
Question 163
Multiple Choice
The weight of corn chips dispensed into a 48-ounce bag by the dispensing machine has been identified as possessing a normal distribution with a mean of 48.5 ounces and a standard deviation of 0.2 ounce. What proportion of the 48-ounce bags contain more than the advertised 48 ounces of chips?
Question 164
Multiple Choice
Suppose a Poisson probability distribution with
λ
=
12.5
\lambda = 12.5
λ
=
12.5
provides a good approximation of the distribution of a random variable
x
.
.
x . .
x
..
Find
μ
\mu
μ
for
x
x
x
.
Question 165
Multiple Choice
The amount of soda a dispensing machine pours into a 12-ounce can of soda follows a normal distribution with a standard deviation of 0.26 ounce. Every can that has more than 12.65 ounces of soda poured into it causes a spill and the can must go through a special cleaning process before it can be sold. What is the mean amount of soda the machine should dispense if the company wants to limit the percentage that must be cleaned because of spillage to 3%?
Question 166
Multiple Choice
Suppose the number of babies born each hour at a hospital follows a Poisson distribution with a mean of 3. Some people believe that the presence of a full moon increases the number of births that take place. Suppose during the presence of a full moon, the hospital experienced eight consecutive Hours with more than four births each hour. Based on this fact, comment on the belief that the full moon increases the number of births.
Question 167
Multiple Choice
Management at a home improvement store randomly selected 45 customers and observed their shopping habits. They recorded the number of items each of the customers purchased as well as the total time the customers spent in the store. Identify the types of variables recorded by the managers of the home improvement store.
Question 168
Multiple Choice
Mamma Temte bakes six pies each day at a cost of $2 each. On 11% of the days she sells only two pies. On 17% of the days, she sells 4 pies, and on the remaining 72% of the days, she sells all six pies. If Mama Temte sells her pies for $4 each, what is her expected profit for a day's worth of pies? [Assume that any leftover pies are given away.]
Question 169
Multiple Choice
Suppose
x
x
x
is a random variable best described by a uniform probability distribution with
c
=
5
c = 5
c
=
5
and
d
=
11
d = 11
d
=
11
. Find the value of a that makes the following probability statement true:
P
(
x
≤
a
)
=
1
P ( x \leq a ) = 1
P
(
x
≤
a
)
=
1
.
Question 170
Multiple Choice
Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an average of $900 per month and a standard deviation of $50 per month. Refer to such expenses as PCE's (personal call expenses) . Using the distribution above, what is the probability that during a randomly selected month PCE's were between $775.00 and $990.00?
Question 171
Multiple Choice
Suppose that the random variable
x
x
x
has an exponential distribution with
θ
=
1.5
\theta = 1.5
θ
=
1.5
. Find the mean and standard deviation of
x
x
x
.
Question 172
Multiple Choice
A recent article in the paper claims that business ethics are at an all-time low. Reporting on a recent sample, the paper claims that 42% of all employees believe their company president possesses low ethical standards. Suppose 20 of a company's employees are randomly and independently sampled. Assuming the paper's claim is correct, find the probability that more than eight but fewer than 12 of the 20 sampled believe the company's president possesses low ethical standards. Round to six decimal places.
Question 173
True/False
The conditions for both the hypergeometric and the binomial random variables require that each trial results in one of two outcomes.
Question 174
Multiple Choice
Suppose
x
x
x
is a random variable best described by a uniform probability distribution with
c
=
100
c = 100
c
=
100
and
d
=
20
d = 20
d
=
20
. Find
P
(
x
≥
100
)
P ( x \geq 100 )
P
(
x
≥
100
)
.
Question 175
Multiple Choice
Classify the following random variable according to whether it is discrete or continuous. The temperature in degrees Fahrenheit on July 4th in Juneau, Alaska
Question 176
Multiple Choice
The waiting time (in minutes) between ordering and receiving your meal at a certain restaurant is exponentially distributed with a mean of 10 minutes. The restaurant has a policy that your meal is free if you have to wait more than 25 minutes after ordering. What is the probability of receiving a free meal?
Question 177
Multiple Choice
Use the standard normal distribution to find
P
(
−
2.25
<
z
<
0
)
.
\text { Use the standard normal distribution to find } P ( - 2.25 < z < 0 ) \text {. }
Use the standard normal distribution to find
P
(
−
2.25
<
z
<
0
)
.
Question 178
Multiple Choice
Suppose
x
x
x
is a random variable best described by a uniform probability distribution with
c
=
20
c = 20
c
=
20
and
d
=
40
d = 40
d
=
40
. Find
P
(
x
<
30
)
P ( x < 30 )
P
(
x
<
30
)
.
Question 179
Multiple Choice
High temperatures in a certain city for the month of August follow a uniform distribution over the interval 61°F to 86°F. What is the probability that the high temperature on a day in August exceeds 66°F?