Exam 33: Binomial and Poisson Distributions
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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Use a poisson approximation to the binomial to work out the probability that there will be less than two faulty electric motors in a box of 100 with a defect rate of 0.5% (as a percentage, 1 decimal place)
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(Multiple Choice)
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Correct Answer:
B
In a binomial situation with p = 0.24 and n = 12 what is the probability of x = 3 (2 decimal places)?
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Correct Answer:
D
Which of the following options does NOT describe a binomial situation?
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Correct Answer:
B
A call centre receives 30 calls per minute on average. What is the probability that it will receive exactly 40 calls in a minute (3 decimal places)?
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A Swedish timber mill produces planks of wood. These are tested and rejected if they are too thick or too thin. If samples of 200 planks are tested and the chance of any single plank being rejected is 2%, what is the mean number of planks in each sample that will be rejected?
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In a binomial trial of p = 0.35 and n = 10 what are the chances of x < 2?
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A IT distribution company in Hong Kong gives a bonus to salespeople that generate more than HK$180,000 in a single day. On average this happens 5% of the time. If the company employs 20 salespeople, what is the probability of paying exactly 1 bonus on any particular day (give as a percentage, 0 decimal places)?
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In a poisson situation where m = 0.85 find the probability that x = 2 (as a percentage, 1 decimal place)
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Which of the following options is NOT an example of a poisson situation?
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On average a taxi firm has 1.5 breakdowns every 2 weeks. Find the probability that there will be 1 or 2 breakdowns in a 4 week period.
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