Question 1

Adding the probabilities of mutually exclusive events will result in double counting of some outcomes.

Accepted Answer

A) True 
 B)False

Question 2

For a uniform continuous probability distribution,all outcomes between minimum value a and maximum value b ________.

Accepted Answer

A) are unknown 
B) have a probability lesser than 0 
C) are equally likely 
D) are difficult to measure 
A) are unknown 
B) have a probability lesser than 0 
C) are equally likely 
D) are difficult to measure

Question 3

The law of probability that is used to calculate conditional probability is called ________.

Accepted Answer

A) the addition law 
B) the multiplication law 
C) the conditional law 
D) the law of independence 
A) the addition law 
B) the multiplication law 
C) the conditional law 
D) the law of independence

Question 4

All of the following are continuous probability distributions that can be matched to specific empirical data except ________.

Accepted Answer

A) the Bernoulli distribution 
B) the Pareto distribution 
C) the lognormal distribution 
D) the geometric distribution 
A) the Bernoulli distribution 
B) the Pareto distribution 
C) the lognormal distribution 
D) the geometric distribution

Question 5

The likelihood that an individual prefers a Ford Mustang convertible is based on the proportion of the population that prefers a Ford Mustang that also prefers a convertible.This is an example of ________.

Accepted Answer

A) conditional probability 
B) generic probability 
C) independent probability 
D) mutually exclusive probability 
A) conditional probability 
B) generic probability 
C) independent probability 
D) mutually exclusive probability

Question 6

It has been reported that,on average,families in Colorado Springs eat fast food 2.2 times per week with a standard deviation of 1.1 times per week.Assume that the distribution of the number of times that families eat fast food is a normal distribution.What is the likelihood that a family eats fast food more than three times in a single week?

Accepted Answer

μ = 2.2,σ = 1.1,and x = 3.Usin

Question 7

What does it mean for two events to be independent?

Accepted Answer

Two events are independent if

Question 8

Which of the following can be modeled using a Bernoulli distribution?

Accepted Answer

A) a survey question where an individual responds yes or no 
B) the highest recorded temperature in the month of June 
C) the number of errors per product produced 
D) the average number of consumers in a restaurant 
A) a survey question where an individual responds yes or no 
B) the highest recorded temperature in the month of June 
C) the number of errors per product produced 
D) the average number of consumers in a restaurant

Question 9

Which of the following is true for continuous probability distributions?

Accepted Answer

A) P(a X > b) B) P(a ≤ X ≤ b)is the same as P(a < X < b) C) P(a ≥ X ≥ b)is the same as P(a < X < b) D) P(a = X = b)is the same as P(a < X < b) A) P(a X > b) B) P(a ≤ X ≤ b)is the same as P(a < X < b) C) P(a ≥ X ≥ b)is the same as P(a < X < b) D) P(a = X = b)is the same as P(a < X < b)

Question 10

For the standard normal distribution,the scale along the z-axis represents ________.

Accepted Answer

A) the probable values of the mean 
B) the range of the distribution 
C) the number of standard deviations from the mean 
D) the possible values of the median of the distribution 
A) the probable values of the mean 
B) the range of the distribution 
C) the number of standard deviations from the mean 
D) the possible values of the median of the distribution

Question 11

Given that a binomial distribution models n independent replications each with a probability p of success,the expected value of the distribution is ________.

Accepted Answer

A) n(1 - p) 
B) np(1 - p) 
C) np 
D) np(n) 
A) n(1 - p) 
B) np(1 - p) 
C) np 
D) np(n)

Adding the probabilities of mutually exclusive events will result in double counting of some outcomes.

For a uniform continuous probability distribution,all outcomes between minimum value a and maximum value b ________.

The law of probability that is used to calculate conditional probability is called ________.

All of the following are continuous probability distributions that can be matched to specific empirical data except ________.

The likelihood that an individual prefers a Ford Mustang convertible is based on the proportion of the population that prefers a Ford Mustang that also prefers a convertible.This is an example of ________.

What does it mean for two events to be independent?

Which of the following can be modeled using a Bernoulli distribution?

Which of the following is true for continuous probability distributions?

For the standard normal distribution,the scale along the z-axis represents ________.

Given that a binomial distribution models n independent replications each with a probability p of success,the expected value of the distribution is ________.

Data and Business Decisions

Descriptive Statistics and Data Analysis

Sampling and Estimation

Hypothesis Testing and Statistical Inference

Regression Analysis

Forecasting

Introduction to Statistical Quality Control

Building and Using Decision Models

Decision Models With Uncertainty and Risk

Decisions, uncertainty, and Risk

Queues and Process Simulation Modeling

Linear Optimization

Integer, nonlinear, and Advanced Optimization Methods

Filters

Exam 3: Probability Concepts and Distributions

Adding the probabilities of mutually exclusive events will result in double counting of some outcomes.

For a uniform continuous probability distribution,all outcomes between minimum value a and maximum value b ________.

The law of probability that is used to calculate conditional probability is called ________.

All of the following are continuous probability distributions that can be matched to specific empirical data except ________.

The likelihood that an individual prefers a Ford Mustang convertible is based on the proportion of the population that prefers a Ford Mustang that also prefers a convertible.This is an example of ________.

What does it mean for two events to be independent?

Which of the following can be modeled using a Bernoulli distribution?

Which of the following is true for continuous probability distributions?

For the standard normal distribution,the scale along the z-axis represents ________.

Given that a binomial distribution models n independent replications each with a probability p of success,the expected value of the distribution is ________.

Data and Business Decisions

Descriptive Statistics and Data Analysis

Sampling and Estimation

Hypothesis Testing and Statistical Inference

Regression Analysis

Forecasting

Introduction to Statistical Quality Control

Building and Using Decision Models

Decision Models With Uncertainty and Risk

Decisions, uncertainty, and Risk

Queues and Process Simulation Modeling

Linear Optimization

Integer, nonlinear, and Advanced Optimization Methods

Filters