Exam 5: Normal, Binomial, Poisson, and Exponential Distributions
Exam 1: Introduction to Business Analytics29 Questions
Exam 2: Describing the Distribution of a Single Variable100 Questions
Exam 3: Finding Relationships Among Variables85 Questions
Exam 4: Probability and Probability Distributions114 Questions
Exam 5: Normal, Binomial, Poisson, and Exponential Distributions125 Questions
Exam 6: Decision Making Under Uncertainty107 Questions
Exam 7: Sampling and Sampling Distributions90 Questions
Exam 8: Confidence Interval Estimation84 Questions
Exam 9: Hypothesis Testing87 Questions
Exam 10: Regression Analysis: Estimating Relationships92 Questions
Exam 11: Regression Analysis: Statistical Inference82 Questions
Exam 12: Time Series Analysis and Forecasting106 Questions
Exam 13: Introduction to Optimization Modeling97 Questions
Exam 14: Optimization Models114 Questions
Exam 15: Introduction to Simulation Modeling82 Questions
Exam 16: Simulation Models102 Questions
Exam 17: Data Mining20 Questions
Exam 18: Importing Data Into Excel19 Questions
Exam 19: Analysis of Variance and Experimental Design20 Questions
Exam 20: Statistical Process Control20 Questions
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What is the probability that GM will sell between 2.0 and 2.3 million cars during the next year?
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(Essay)
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Correct Answer:
=
= 0.8184
According to the empirical rule, how many observations lie within +/- 2 standard deviation from the mean?
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(Multiple Choice)
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Correct Answer:
C
What is the probability that more than one of the 20 new microwaves sold will require a warranty repair in the first 90 days?
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(Short Answer)
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Correct Answer:
P(X > 1) = 0.2642
What is the probability that a randomly selected customer will spend $20 or more?
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What is the probability that fewer than 33 customers arrive at this checkout counter in a given hour?
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The total area under the normal distribution curve is equal to one.
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What is the expected number of the new microwaves sold that will require a warranty repair in the first 90 days?
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If we plot a continuous probability distribution f(x), the total probability under the curve is:
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We assume that the outcomes of successive trials in a binomial experiment are:
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A Poisson distribution is appropriate to determine the probability of a given number of defective items in a shipment.
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How many hamburgers must the restaurant stock to be 99% sure of not running out on a given day?
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What is the probability that it will take a technician between 10 to 15 minutes to fix a computer problem?
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The binomial distribution deals with consecutive trials, each of which has two possible outcomes.
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A continuous random variable X has the probability density function: f(x) = 2
,
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-What is the distribution of X and what are the parameters?


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If X is a normal random variable with a standard deviation of 10, then 3X has a standard deviation equal to:
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The standard normal distribution has a mean and a standard deviation respectively equal to:
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What number of cars, equidistant from the mean, such that 90% of car sales are between these values?
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