Exam 7: Random Variables and Discrete Probability Distributions

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The number of customers making a purchase out of 30 randomly selected customers has a Poisson distribution.

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The ____________________ and the ____________________ both measure the relationship between two random variables X and Y.

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In a Poisson distribution, the mean and standard deviation are equal.

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If you add two single probability distributions together you get a bivariate distribution.

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In the Poisson distribution, the ____________________ is equal to the variance.

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The ____________________ of a Poisson distribution is the rate at which successes occur for a given period of time or interval of space.

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The possible values of a Poisson random variable start at ____________________.

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Which of the following is not a required condition for the distribution of a discrete random variable X that can assume values xi?

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The Sutton police department must write, on average, 6 tickets a day to keep department revenues at budgeted levels.Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.5 tickets per day.Interpret the value of the mean.

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If X and Y are random variables, the sum of all the conditional probabilities of X given a specific value of Y will always be:

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For a random variable X, V(X + 3) = V(X + 6), where V refers to the variance.

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If X and Y are random variables with E(X) = 6 and E(Y) = 9, then E(2X + 3Y) is:

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The Poisson random variable is a discrete random variable with infinitely many possible values.

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Golfing Store The joint probability distribution of variables X and Y is shown in the table below, where X is the number of drivers and Y is the number of putters sold daily in a small golfing store. Golfing Store The joint probability distribution of variables X and Y is shown in the table below, where X is the number of drivers and Y is the number of putters sold daily in a small golfing store.    -{Golfing Store Narrative} Are X and Y independent? Explain. -{Golfing Store Narrative} Are X and Y independent? Explain.

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In a Poisson distribution, the:

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The variance of a portfolio of two investments will be equal to the sum of the variances of the two investments plus twice the covariance between the investments.

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911 Phone Calls 911 phone calls arrive at the rate of 30 per hour at the local call center. -{911 Phone Calls Narrative} Find the probability of receiving two calls in a five-minute interval of time.

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Sports Fans Suppose that past history shows that 5% of college students are sports fans.A sample of 10 students is to be selected. -{Sports Fans Narrative} Find the probability that exactly 1 student is a sports fan.

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If the probability of success p remains constant in a binomial distribution, an increase in n will not change the mean.

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The variance of the sum always equals the sum of the variances.

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