Services
Discover
Ask a Question
Log in
Sign up
Filters
Done
Question type:
Essay
Multiple Choice
Short Answer
True False
Matching
Topic
Statistics
Study Set
Business Statistics
Exam 6: Discrete Random Variables
Path 4
Access For Free
Share
All types
Filters
Study Flashcards
Practice Exam
Learn
Question 101
Multiple Choice
Historical data show that the average number of patient arrivals at the intensive care unit of General Hospital is 3 patients every 2 hours. Assume that the patient arrivals are distributed according to a Poisson distribution. Determine the probability of at least 4 but no more than 8 patients arriving in a three-hour period.
Question 102
Multiple Choice
A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured and introduced to the market, the following probability distribution will describe the contribution of this drug to their profits during the next six months.
The company management has decided to market this product if the expected contribution to profit for the next six months is more than $1,000,000. Based on the information given above, should the company begin manufacturing the new drug? Explain your answer.
Question 103
True/False
Depending on the mean of the Poisson distribution, the distribution can either be very skewed to the right or can be quite symmetrical.
Question 104
Multiple Choice
The probability that a given computer chip will fail is .02. Find the probability that of 5 delivered chips, exactly 2 chips will fail.
Question 105
Multiple Choice
A discrete variable that can often be used to describe the number of occurrences of an event over a specified interval of time or space is a ________ random variable.
Question 106
True/False
In a binomial distribution, the random variable x is continuous.
Question 107
Multiple Choice
In the most recent election, 19 percent of all eligible college students voted. If a random sample of 20 students were surveyed, find the probability that none of the students voted.
Question 108
Multiple Choice
The Post Office has established a record in a major midwestern city for delivering 90 percent of its local mail the next working day. Calculate the standard deviation of the number delivered when 8 local letters are mailed.