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Business Statistics
Quiz 6: Introduction to Continuous Probability Distributions
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Question 101
Essay
The fares received by taxi drivers working for the City Taxi line are normally distributed with a mean of $12.50 and a standard deviation of $3.25.Based on this information,what is the probability that a specific fare will exceed $15.00?
Question 102
Multiple Choice
A random variable is normally distributed with a mean of 25 and a standard deviation of 5.If an observation is randomly selected from the distribution,determine two values of which the smallest has 25% of the values below it and the largest has 25% of the values above it.
Question 103
Multiple Choice
For the normal distribution with parameters μ = 4,σ = 3;calculate P(x > 1) .
Question 104
Multiple Choice
For the normal distribution with parameters μ = 5,σ = 4;calculate P(0 < x < 8) .
Question 105
Essay
In comparing a uniform distribution with a normal distribution where both distributions have the same mean and the same range,explain which distribution will have the larger standard deviation.
Question 106
Multiple Choice
A random variable is normally distributed with a mean of 25 and a standard deviation of 5.If an observation is randomly selected from the distribution,what value will be exceeded 10% of the time?