Exam 6: Introduction to Continuous Probability Distributions
Exam 1: The Where, Why, and How of Data Collection167 Questions
Exam 2: Graphs, Charts and Tablesdescribing Your Data138 Questions
Exam 3: Describing Data Using Numerical Measures138 Questions
Exam 4: Introduction to Probability125 Questions
Exam 5: Discrete Probability Distributions161 Questions
Exam 6: Introduction to Continuous Probability Distributions122 Questions
Exam 7: Introduction to Sampling Distributions136 Questions
Exam 8: Estimating Single Population Parameters174 Questions
Exam 9: Introduction to Hypothesis Testing183 Questions
Exam 10: Estimation and Hypothesis Testing for Two Population Parameters121 Questions
Exam 11: Hypothesis Tests and Estimation for Population Variances69 Questions
Exam 12: Analysis of Variance162 Questions
Exam 13: Goodness-Of-Fit Tests and Contingency Analysis105 Questions
Exam 14: Introduction to Linear Regression and Correlation Analysis139 Questions
Exam 15: Multiple Regression Analysis and Model Building148 Questions
Exam 16: Analyzing and Forecasting Time-Series Data131 Questions
Exam 17: Introduction to Nonparametric Statistics103 Questions
Exam 18: Introducing Business Analytics48 Questions
Exam 19: Introduction to Decision Analysis48 Questions
Exam 20: Introduction to Quality and Statistical Process Control42 Questions
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If the time it takes for a customer to be served at a fast-food chain business is thought to be uniformly distributed between 3 and 8 minutes, then the probability that the time it takes for a randomly selected customer to be served will be less than 5 minutes is 0.40.
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(True/False)
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Correct Answer:
True
It is thought that the time between customer arrivals at a fast food business is exponentially distributed with λ equal to 5 customers per hour. Given this information, what is the mean time between arrivals?
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(Multiple Choice)
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Correct Answer:
A
Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of $0.35 and a standard deviation of $0.33. Based on this information, what is the probability that a randomly selected stock will be lower by $0.40 or more?
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(Multiple Choice)
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Correct Answer:
C
The probability distribution for a continuous random variable is represented by a probability density function that defines a curve.
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The Varden Packaging Company has a contract to fill 50-gallon barrels with gasoline for use by the U.S. Army. The machine that Varden uses has an adjustable device that allows the average fill per barrel to be adjusted as desired. However, the actual distribution of fill volume from the machine is known to be normally distributed with a standard deviation equal to 0.5 gallons. The contract that Varden has with the military calls for no more than 2 percent of all barrels to contain less than 49.2 gallons of gasoline. Suppose Varden managers are unwilling to set the mean fill at any level higher than 50 gallons. Given that, in order to meet the requirements, they will need to increase the standard deviation of fill volume.
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The manager of a computer help desk operation has collected enough data to conclude that the distribution of time per call is normally distributed with a mean equal to 8.21 minutes and a standard deviation of 2.14 minutes. What is the probability that three randomly monitored calls will each be completed in 4 minutes or less?
(Multiple Choice)
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The makers of Sweet-Things candy sell their candy by the box. Based on company policy, the mean target weight of all boxes is 2.0 pounds. To make sure that they are not putting too much in the boxes, the manager wants no more than 3 percent of all boxes to contain more than 2.10 pounds of candy. In order to do this, what should the mean fill weight be set to if the fill standard deviation is 0.13 pounds? Assume that the box weights are normally distributed.
(Multiple Choice)
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The time between calls to an emergency 911-call center is exponentially distributed with a mean time between calls of 645 seconds. Based on this information, what is the probability that the time between the next two calls is between 200 and 400 seconds?
(Multiple Choice)
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The Varden Packaging Company has a contract to fill 50 gallon barrels with gasoline for use by the U.S. Army. The machine that Varden uses has an adjustable device that allows the average fill per barrel to be adjusted as desired. However, the actual distribution of fill volume from the machine is known to be normally distributed with a standard deviation equal to 0.5 gallons. The contract that Varden has with the military calls for no more than 2 percent of all barrels to contain less than 49.2 gallons of gasoline. In order to meet this requirement, Varden should set the mean fill to approximately 49.92 gallons.
(True/False)
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A seafood shop sells salmon fillets where the weight of each fillet is normally distributed with a mean of 1.6 pounds and a standard deviation of 0.3 pounds. They want to classify the largest fillets as extra large and charge a higher price for them. If they want the largest 15 percent of the fillets to be classified as extra large, the minimum weight for an extra large fillet should be 1.91 pounds.
(True/False)
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If the mean, median and mode are all equal for a continuous random variable, then the random variable is normally distributed.
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A seafood shop sells salmon fillets where the weight of each fillet is normally distributed with a mean of 1.6 pounds and a standard deviation of 0.3 pounds. Based on this information we can conclude that 90 percent of the fillets weight more than 1.0 pound.
(True/False)
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For a standardized normal distribution, calculate P(0.00 < z < 2.33).
(Multiple Choice)
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It is assumed that the time failures for an electronic component are exponentially distributed with a mean of 50 hours between consecutive failures. If one extra component is installed as a backup, what is the probability of at least one of the two components working for at least 60 hours?
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The amount of drying time for the paint applied to a plastic component part is thought to be uniformly distributed between 30 and 60 minutes. Currently, the automated process selects the part from the drying bin after the part has been there for 50 minutes. Based on this, the probability that a part selected will not be dry is approximately 0.33.
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Consider a random variable, z, that has a standardized normal distribution. Determine (-2 ≤ z ≤ 3).
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A study of cars arriving at a parking structure at the local airport shows that the time between arrivals is 1.2 minutes and is exponentially distributed. The probability that more than 2 minutes will elapse between the arrivals of cars is about 0.81.
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A randomly selected customer support wait time (from a normal distribution) is calculated to be 1.8 standard deviations below the mean. What is the probability that another randomly selected customer wait time from the distribution will be less than 1.8 standard deviations below the mean?
(Multiple Choice)
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A recent study showed that the length of time required for customers to resolve their computer issues with online support is normally distributed with a mean equal to 0.35 hours with a standard deviation of 0.2 hours. Given this information, what is the probability of resolution will take between 10 and 15 minutes?
(Multiple Choice)
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The weight of sacks of potatoes is normally distributed with a mean of 20 pounds and a standard deviation of 2 pounds. The weight of sacks of onions is also normally distributed with a mean of 20 pounds and a standard deviation of 0.50 pounds. Based on this information, which product will yield the highest probability of getting a very heavy sack?
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