Exam 6: Continuous Probability Distributions
Exam 1: Statistics and Data102 Questions
Exam 2: Tabular and Graphical Methods123 Questions
Exam 3: Numerical Descriptive Measures152 Questions
Exam 4: Introduction to Probability148 Questions
Exam 5: Discrete Probability Distributions158 Questions
Exam 6: Continuous Probability Distributions143 Questions
Exam 7: Sampling and Sampling Distributions136 Questions
Exam 8: Interval Estimation131 Questions
Exam 9: Hypothesis Testing116 Questions
Exam 10: Statistical Inference Concerning Two Populations131 Questions
Exam 11: Statistical Inference Concerning Variance120 Questions
Exam 12: Chi-Square Tests120 Questions
Exam 13: Analysis of Variance120 Questions
Exam 14: Regression Analysis140 Questions
Exam 15: Inference With Regression Models125 Questions
Exam 16: Regression Models for Nonlinear Relationships118 Questions
Exam 17: Regression Models With Dummy Variables130 Questions
Exam 18: Time Series and Forecasting125 Questions
Exam 19: Returns, Index Numbers, and Inflation120 Questions
Exam 20: Nonparametric Tests120 Questions
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You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent.
(Multiple Choice)
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If an exponential distribution has the rate parameter λ = 5, what is its variance?
(Multiple Choice)
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You are planning a May camping trip to Denali National Park in Alaska and want to make sure your sleeping bag is warm enough. The average low temperature in the park for May follows a normal distribution with a mean of 32°F and a standard deviation of 8°F. Above what temperature must the sleeping bag be suited such that the temperature will be too cold only 5% of the time?
(Multiple Choice)
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It is known that the length of a certain product X is normally distributed with μ = 20 inches and σ = 4 inches. How is the probability P(X > 28) related to P(X < 16)?
(Multiple Choice)
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Given normally distributed random variable X with a mean of 10 and a variance of 4, find the following probabilities.
A) P(8 < X ≤ 10)
B) P(6 ≤ X < 8)
C) P(X < 13)
D) P(X > 4)
(Short Answer)
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If an exponential distribution has the rate parameter λ = 5, what is its expected value?
(Multiple Choice)
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The probability density function for a continuous uniform distribution is positive for all values between -∞ and +∞.
(True/False)
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The exponential distribution is based entirely on one parameter called the ________ parameter.
(Short Answer)
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Which of the following does not represent a continuous random variable?
(Multiple Choice)
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Find the mean of the lognormal variable if the mean and standard deviation of the underlying normal variable are 2 and 0.8, respectively.
(Multiple Choice)
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The time for a professor to grade a student's homework in statistics is normally distributed with a mean of 12.6 minutes and a standard deviation of 2.5 minutes. What is the probability that randomly selected homework will require between 11 and 15 minutes to grade?
(Multiple Choice)
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The time of a call to a technical support line is uniformly distributed between 2 and 10 minutes. What are the mean and variance of this distribution?
(Multiple Choice)
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An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is $250,000, and her high-end estimate is $350,000. Prior research allows her to assume that net income follows a continuous uniform distribution. The probability that net income will be greater than or equal to $337,500 is ________.
(Multiple Choice)
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The time to complete the construction of a soapbox derby car is normally distributed with a mean of three hours and a standard deviation of one hour. Find the probability that it would take between 2.5 and 3.5 hours to construct a soapbox derby car.
(Multiple Choice)
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The time you must wait for an Orange Line train of the Massachusetts Bay Transit Authority follows a uniform distribution with a lower bound of 0 minutes and an upper bound of 8 minutes. Jonathan is running to catch the train to get to a meeting. He knows that the train needs to arrive within five minutes or else he will be late. What is the probability that he will be late to his meeting?
(Short Answer)
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A soft drink company fills two-liter bottles on several different lines of production equipment. The fill volumes are normally distributed with a mean of 1.97 liters and a variance of 0.04 (liter)2.
A) Find the probability that a randomly selected two-liter bottle would contain more than 1.92 liters.
B) If X is the fill volume of a randomly selected two-liter bottle, find the value of x for which P(X < x) = 0.6293.
(Short Answer)
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The normal probability distribution is symmetric and bell-shaped.
(True/False)
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Excel's function NORMAL.DIST can be used to compute probabilities for the normal distribution.
(True/False)
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