Exam 7: Continuous Probability Distributions

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A company employs 300 employees. Each year, there is a 30 percent turnover rate for employees. We want to do a normal approximation to the binomial distribution of the number of employees who leave each year. For this normal approximation, the mean is ______ and the standard deviation is _____.

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The triangular distribution T(10, 20, 50) has a standard deviation of:

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The exponential distribution describes the number of arrivals per unit of time.

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Assume that X is normally distributed with a mean μ = $64. Given that P(X ≥ $75) = 0.2981, we can calculate that the standard deviation of X is approximately:

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The MPG (miles per gallon) for a certain compact car is normally distributed with a mean of 31 and a standard deviation of 0.8. What is the probability that the MPG for a randomly selected compact car would be less than 32?

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If arrivals occur at a mean rate of 1.6 events per minute, the exponential probability of waiting less than 1 minute for the next arrival is:

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A continuous uniform distribution U(0, 800) will have μ = 400 and σ = 230.94.

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The true proportion of accounts receivable with some kind of error is 4 percent for Venal Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the normal approximation to estimate the probability that fewer than two will contain errors.

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The mean, median, and mode of a normal distribution will always be the same.

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If the mean waiting time for the next arrival is 12 minutes, what is the median waiting time?

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Regarding continuous probability distributions, which statement is incorrect?

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On average, 15 minutes elapse between discoveries of fraudulent corporate tax returns in a certain IRS office. What is the probability that less than 30 minutes will elapse before the next fraudulent corporate tax return is discovered?

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Exam scores were normal in MIS 200. Jason's exam score was 1.41 standard deviations above the mean. What percentile is he in?

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Which probability model is most appropriate to describe the waiting time (working days) until an office photocopier breaks down (i.e., requires unscheduled maintenance)?

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The figure shows a standard normal N(0, 1) distribution. Find the z value for the shaded area. The figure shows a standard normal N(0, 1) distribution. Find the z value for the shaded area.   C.2 gives P(z < -2.17) = .0150 or use Excel =NORM.S.INV(0.015) = -2.17. C.2 gives P(z < -2.17) = .0150 or use Excel =NORM.S.INV(0.015) = -2.17.

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The exponential distribution is continuous and the Poisson distribution is discrete, yet the two distributions are closely related.

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The figure shows a normal N(400, 23) distribution. Find the x value for the shaded area. The figure shows a normal N(400, 23) distribution. Find the x value for the shaded area.   C.2 we get P(z > 1.75) = .0401, so x = µ + zσ = 400 + 1.75(23) = 440.3, or from Excel =NORM.INV(0.96,400,23) = 440.3. C.2 we get P(z > 1.75) = .0401, so x = µ + zσ = 400 + 1.75(23) = 440.3, or from Excel =NORM.INV(0.96,400,23) = 440.3.

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In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. What percentage of customers require less than 32 minutes for a simple haircut?

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The probability is .80 that a standard normal random variable is between -z and +z. The value of z is approximately:

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The figure shows a normal N(400, 23) distribution. Find the x value for the shaded area. The figure shows a normal N(400, 23) distribution. Find the x value for the shaded area.   C.2 we get P(z < -1.645) = .05, so x = µ + zσ = 400 - 1.645(23) = 362.2, or from Excel =NORM.INV(0.05,400,23) = 362.2. C.2 we get P(z < -1.645) = .05, so x = µ + zσ = 400 - 1.645(23) = 362.2, or from Excel =NORM.INV(0.05,400,23) = 362.2.

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