Question 1

A ________ probability distribution indicates the probability of r successes in n trials.

Accepted Answer

A)  joint 
B)  subjective 
C)  marginal 
D)  binomial 
A)  joint 
B)  subjective 
C)  marginal 
D)  binomial

Question 2

Probabilistic techniques assume that no uncertainty exists in model parameters.

Accepted Answer

A) True 
 B)False

Question 3

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is less than 24 oz?

Accepted Answer

The answer of The weight of a loaf of bread...

Question 4

Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table.
 $$\begin{array} { | c | c | } 
\hline \text { Commute Length } & \text { Number af Observations } \
\hline \text { commute time } < 10 \text { minutes } & 1 \
\hline 10 \leq \text { commute time } < 20 \text { minutes } & 2 \
\hline 20 \leq \text { commute time } < 30 \text { minutes } & 4 \
\hline 30 \leq \text { commute time } < 40 \text { minutes } & 9 \
\hline 40 \leq \text { commute time } < 50 \text { minutes } & 4 \
\hline
\end{array}$$
-What is the probability that Mr. Lane makes it home in under thirty minutes?

Accepted Answer

A)  .15 
B)  .35 
C)  .20 
D)  .55 
A)  .15 
B)  .35 
C)  .20 
D)  .55

Question 5

Jim is considering pursuing an MS in Information Systems degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 20% for University X and 45% for University Y.
-What is the probability that Jim will be accepted by at least one of the two universities?

Accepted Answer

0.56 = 1 -

Question 6

The cumulative probability for all six outcomes of tossing a fair die should end with the value ________.

Accepted Answer

The answer of The cumulative probability for all six outcomes...

Question 7

A company markets educational software products and is ready to place three new products on the market. Past experience has shown that for this particular software, the chance of "success" is 80%. Assume that the probability of success is independent for each product. What is the probability that exactly 1 of the 3 products is successful?

Accepted Answer

A)  0.80 
B)  0.032 
C)  0.24 
D)  0.096 
A)  0.80 
B)  0.032 
C)  0.24 
D)  0.096

Question 8

For the normal distribution, the mean plus and minus 1.96 standard deviations will include what percent of the observations?

Accepted Answer

A)  84% 
B)  90% 
C)  95% 
D)  97% 
A)  84% 
B)  90% 
C)  95% 
D)  97%

Question 9

A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.

Accepted Answer

A) True 
 B)False

Question 10

Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category.
 $\begin{array}{lcc}
&\underline{\text { Male (M)}}&\underline{\text {Female (F) }}\
\underline{\text { Job }}\
\text { Administrative (AD) } & 110 & 10 \
\text { Salaried staff (SS) } & 30 & 50 \
\text { Hourly staff (HS) } & 60 & 40
\end{array}$
-If an employee is selected at random, what is the probability that the employee is male?

Accepted Answer

The answer of Employees of a local company are classified...

Question 11

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf of bread is larger than 23 oz?

Accepted Answer

The answer of The weight of a loaf of bread...

Question 12

Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table.
 $$\begin{array} { | c | c | } 
\hline \text { Commute Length } & \text { Number af Observations } \
\hline \text { commute time } < 10 \text { minutes } & 1 \
\hline 10 \leq \text { commute time } < 20 \text { minutes } & 2 \
\hline 20 \leq \text { commute time } < 30 \text { minutes } & 4 \
\hline 30 \leq \text { commute time } < 40 \text { minutes } & 9 \
\hline 40 \leq \text { commute time } < 50 \text { minutes } & 4 \
\hline
\end{array}$$
-Which of these events are mutually exclusive?

Accepted Answer

A)  The duration of Mr. Lane's commute is less than expected; Mr. Lane's commute is between twenty and thirty minutes. 
B)  Mr. Lane's commute is longer than 30 minutes; Mr. Lane's commute is longer than 40 minutes. 
C)  Mr Lanes commute is between ten and forty minutes; Mr. Lane's commute is between twenty and thirty minutes. 
D)  Mr. Lane's commute takes less than ten minutes; Mr Lane's commute exceeds his expected commute. 
A)  The duration of Mr. Lane's commute is less than expected; Mr. Lane's commute is between twenty and thirty minutes. 
B)  Mr. Lane's commute is longer than 30 minutes; Mr. Lane's commute is longer than 40 minutes. 
C)  Mr Lanes commute is between ten and forty minutes; Mr. Lane's commute is between twenty and thirty minutes. 
D)  Mr. Lane's commute takes less than ten minutes; Mr Lane's commute exceeds his expected commute.

Question 13

An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry.
 $$\begin{array} { r r } 
\text { Payoff } & \text { Probability } \
\hline \$ 1.00 & 0.1000 \
\$ 5.00 & 0.0100 \
\$ 10.00 & 0.0050 \
\$ 100.00 & 0.0010 \
\$ 1,000.00 & 0.0005 \
\$ 5,000.00 & 0.0001 \
\hline
\end{array}$$
-The probability of winning at least $1000 is ________.

Accepted Answer

The answer of An online sweepstakes has the following payoffs...

Question 14

Experiments with repeated independent trials will be described by the binomial distribution if

Accepted Answer

A)  each trial result influences the next. 
B)  each trial has exactly two outcomes whose probabilities do not change. 
C)  the trials are continuous. 
D)  the time between trials is constant. 
A)  each trial result influences the next. 
B)  each trial has exactly two outcomes whose probabilities do not change. 
C)  the trials are continuous. 
D)  the time between trials is constant.

Question 15

________ probability is an estimate based on a personal belief, experience, and knowledge of a situation.

Accepted Answer

The answer of ________ probability is an estimate based on...

Question 16

The ________ normal distribution has a mean of 0 and a standard deviation of 1.

Accepted Answer

The answer of The ________ normal distribution has a mean...

Question 17

The fact that the first toss of a coin has no effect on the outcome of the second toss of the coin suggests that these events are ________.

Accepted Answer

The answer of The fact that the first toss of...

Question 18

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is between 21.75 and 22.25 oz?

Accepted Answer

The answer of The weight of a loaf of bread...

Question 19

Relative frequency is the more widely used definition of objective probability.

Accepted Answer

A) True 
 B)False

Question 20

A fair die is rolled nine times. What is the probability that an odd number (1, 3, or 5) will occur less than 3 times?

Accepted Answer

A)  .0899 
B)  .2544 
C)  .7456 
D) .9101 
A)  .0899 
B)  .2544 
C)  .7456 
D) .9101

A ________ probability distribution indicates the probability of r successes in n trials.

Probabilistic techniques assume that no uncertainty exists in model parameters.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is less than 24 oz?

The cumulative probability for all six outcomes of tossing a fair die should end with the value ________.

For the normal distribution, the mean plus and minus 1.96 standard deviations will include what percent of the observations?

A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf of bread is larger than 23 oz?

An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry. Payoff Probability \ 1.00 0.1000 \ 5.00 0.0100 \ 10.00 0.0050 \ 100.00 0.0010 \ 1,000.00 0.0005 \ 5,000.00 0.0001 -The probability of winning at least $1000 is ________.

Experiments with repeated independent trials will be described by the binomial distribution if

________ probability is an estimate based on a personal belief, experience, and knowledge of a situation.

The ________ normal distribution has a mean of 0 and a standard deviation of 1.

The fact that the first toss of a coin has no effect on the outcome of the second toss of the coin suggests that these events are ________.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is between 21.75 and 22.25 oz?

Relative frequency is the more widely used definition of objective probability.

A fair die is rolled nine times. What is the probability that an odd number (1, 3, or 5) will occur less than 3 times?

Management Science

Linear Programming: Model Formulation and Graphical Solution

Linear Programming: Computer Solution and Sensitivity Analysis

Linear Programming: Modeling Examples

Integer Programming

Transportation, Transshipment, and Assignment Problems

Network Flow Models

Project Management

Multicriteria Decision Making

Nonlinear Programming

Decision Analysis

Queuing Analysis

Simulation

Forecasting

Inventory Management

the Simplex Solution Method

Transportation and Assignment Solution Methods

Integer Programming: the Branch and Bound Method

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Exam 11: Probability and Statistics

A ________ probability distribution indicates the probability of r successes in n trials.

Probabilistic techniques assume that no uncertainty exists in model parameters.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is less than 24 oz?

The cumulative probability for all six outcomes of tossing a fair die should end with the value ________.

For the normal distribution, the mean plus and minus 1.96 standard deviations will include what percent of the observations?

A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf of bread is larger than 23 oz?

An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry. Payoff Probability \ 1.00 0.1000 \ 5.00 0.0100 \ 10.00 0.0050 \ 100.00 0.0010 \ 1,000.00 0.0005 \ 5,000.00 0.0001 -The probability of winning at least $1000 is ________.

Experiments with repeated independent trials will be described by the binomial distribution if

________ probability is an estimate based on a personal belief, experience, and knowledge of a situation.

The ________ normal distribution has a mean of 0 and a standard deviation of 1.

The fact that the first toss of a coin has no effect on the outcome of the second toss of the coin suggests that these events are ________.

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is between 21.75 and 22.25 oz?

Relative frequency is the more widely used definition of objective probability.

A fair die is rolled nine times. What is the probability that an odd number (1, 3, or 5) will occur less than 3 times?

Management Science

Linear Programming: Model Formulation and Graphical Solution

Linear Programming: Computer Solution and Sensitivity Analysis

Linear Programming: Modeling Examples

Integer Programming

Transportation, Transshipment, and Assignment Problems

Network Flow Models

Project Management

Multicriteria Decision Making

Nonlinear Programming

Decision Analysis

Queuing Analysis

Simulation

Forecasting

Inventory Management

the Simplex Solution Method

Transportation and Assignment Solution Methods

Integer Programming: the Branch and Bound Method

Nonlinear Programming: Solution Techniques

Game Theory

Markov Analysis

Filters