Question 1

What is the probability that a respondent chosen at random is a male?

Accepted Answer

P(male) =

Question 2

A function that associates a numerical value with each possible outcome of an uncertain event is called a:

Accepted Answer

A)  conditional variable 
B)  random variable 
C)  population variable 
D)  sample variable 
A)  conditional variable 
B)  random variable 
C)  population variable 
D)  sample variable

Question 3

Suppose a randomly selected patron prefers wine. What is the probability the patron is a male?

Accepted Answer

The answer of Suppose a randomly selected patron prefers wine....

Question 4

What is the probability that three customers are waiting in line?

Accepted Answer

The answer of What is the probability that three customers...

Question 5

Probabilities that cannot be estimated from long-run relative frequencies of events are called:

Accepted Answer

A)  objective probabilities 
B)  subjective probabilities 
C)  complementary probabilities 
D)  joint probabilities 
A)  objective probabilities 
B)  subjective probabilities 
C)  complementary probabilities 
D)  joint probabilities

Question 6

A small grocery store is considering installing an express checkout line. Let X be the number of customers in the regular checkout line. Note that these numbers include the customers being served, if any. The probability distribution of X is given in the table below.  
-Find the probability that one customer is in the regular checkout line.

Accepted Answer

The answer of A small grocery store is considering installing...

Question 7

The temperature of the room in which you are writing this test is a continuous random variable.

Accepted Answer

A) True 
 B)False

Question 8

What is the probability that a randomly selected patron is not male?

Accepted Answer

P(not male

Question 9

The relative frequency of an event is the number of times the event occurs out of the total number of times the random experiment is run.

Accepted Answer

A) True 
 B)False

Question 10

What is the probability a randomly selected patron prefers wine?

Accepted Answer

The answer of What is the probability a randomly selected...

Question 11

A discrete probability distribution:

Accepted Answer

A)  is a set of possible values and a corresponding set of probabilities that sum to 1 
B)  is a modeling tool that can be used to incorporate uncertainty into models 
C)  can be estimated from long-run proportions 
D)  is the distribution of a single random variable 
A)  is a set of possible values and a corresponding set of probabilities that sum to 1 
B)  is a modeling tool that can be used to incorporate uncertainty into models 
C)  can be estimated from long-run proportions 
D)  is the distribution of a single random variable

Question 12

What is the probability a randomly selected patron is a female?

Accepted Answer

The answer of What is the probability a randomly selected...

Question 13

If a new pipeline will be constructed in the event that all three wells are successful, what is the probability that the pipeline will be constructed?

Accepted Answer

The answer of If a new pipeline will be constructed...

Question 14

What is the probability that a household answered no?

Accepted Answer

P(answered

Question 15

Suppose that the manufacturer of a particular product assesses the distribution of the demand for its product in the upcoming quarter as presented below. Use this information to answer the following questions.
Demand (in units)  
-Find the expected demand (in units) for the upcoming quarter.

Accepted Answer

The answer of Suppose that the manufacturer of a particular...

Question 16

How many females were interviewed?

Accepted Answer

1000 - 480

Question 17

Football teams toss a coin to see who will get their choice of kicking or receiving to begin a game. The probability that given team will win the toss three games in a row is 0.125.

Accepted Answer

A) True 
 B)False

Question 18

The number of people entering a shopping mall on a given day is an example of a discrete random variable.

Accepted Answer

A) True 
 B)False

Question 19

If P(A and B) = 1, then A and B must be collectively exhaustive.

Accepted Answer

A) True 
 B)False

Question 20

What is the probability that the demand for this product will be less than 3500 units in the upcoming quarter?

Accepted Answer

P(D < 3500

What is the probability that a respondent chosen at random is a male?

A function that associates a numerical value with each possible outcome of an uncertain event is called a:

Suppose a randomly selected patron prefers wine. What is the probability the patron is a male?

What is the probability that three customers are waiting in line?

Probabilities that cannot be estimated from long-run relative frequencies of events are called:

The temperature of the room in which you are writing this test is a continuous random variable.

What is the probability that a randomly selected patron is not male?

The relative frequency of an event is the number of times the event occurs out of the total number of times the random experiment is run.

What is the probability a randomly selected patron prefers wine?

A discrete probability distribution:

What is the probability a randomly selected patron is a female?

If a new pipeline will be constructed in the event that all three wells are successful, what is the probability that the pipeline will be constructed?

What is the probability that a household answered no?

Suppose that the manufacturer of a particular product assesses the distribution of the demand for its product in the upcoming quarter as presented below. Use this information to answer the following questions. Demand (in units) -Find the expected demand (in units) for the upcoming quarter.

How many females were interviewed?

Football teams toss a coin to see who will get their choice of kicking or receiving to begin a game. The probability that given team will win the toss three games in a row is 0.125.

The number of people entering a shopping mall on a given day is an example of a discrete random variable.

If P(A and B) = 1, then A and B must be collectively exhaustive.

What is the probability that the demand for this product will be less than 3500 units in the upcoming quarter?

Introduction to Business Analytics

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, Binomial, Poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Models

Introduction to Simulation Modeling

Simulation Models

Data Mining

Importing Data Into Excel

Analysis of Variance and Experimental Design

Statistical Process Control

Filters

Exam 4: Probability and Probability Distributions

What is the probability that a respondent chosen at random is a male?

A function that associates a numerical value with each possible outcome of an uncertain event is called a:

Suppose a randomly selected patron prefers wine. What is the probability the patron is a male?

What is the probability that three customers are waiting in line?

Probabilities that cannot be estimated from long-run relative frequencies of events are called:

The temperature of the room in which you are writing this test is a continuous random variable.

What is the probability that a randomly selected patron is not male?

The relative frequency of an event is the number of times the event occurs out of the total number of times the random experiment is run.

What is the probability a randomly selected patron prefers wine?

A discrete probability distribution:

What is the probability a randomly selected patron is a female?

If a new pipeline will be constructed in the event that all three wells are successful, what is the probability that the pipeline will be constructed?

What is the probability that a household answered no?

Suppose that the manufacturer of a particular product assesses the distribution of the demand for its product in the upcoming quarter as presented below. Use this information to answer the following questions. Demand (in units) -Find the expected demand (in units) for the upcoming quarter.

How many females were interviewed?

Football teams toss a coin to see who will get their choice of kicking or receiving to begin a game. The probability that given team will win the toss three games in a row is 0.125.

The number of people entering a shopping mall on a given day is an example of a discrete random variable.

If P(A and B) = 1, then A and B must be collectively exhaustive.

What is the probability that the demand for this product will be less than 3500 units in the upcoming quarter?

Introduction to Business Analytics

Describing the Distribution of a Single Variable

Finding Relationships Among Variables

Normal, Binomial, Poisson, and Exponential Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Optimization Models

Introduction to Simulation Modeling

Simulation Models

Data Mining

Importing Data Into Excel

Analysis of Variance and Experimental Design

Statistical Process Control

Filters