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Business Statistics Study Set 1
Exam 5: Discrete Probability Distributions
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Question 1
Multiple Choice
What type of probability distribution will the consulting firm most likely employ to analyze the insurance claims in the following problem?An insurance company has called a consulting firm to determine if the company has an unusually high number of false insurance claims.It is known that the industry proportion for false claims is 3%.The consulting firm has decided to randomly and independently sample100 of the company's insurance claims.They believe the number of these 100 that are false will yield the information the company desires.
Question 2
Multiple Choice
A probability distribution is an equation that
Question 3
Multiple Choice
A multiple-choice test has 30 questions.There are 4 choices for each question.A student who has not studied for the test decides to answer all questions randomly.What type of probability distribution can be used to figure out his chance of getting at least 20 questions right?
Question 4
Essay
Referring to Scenario 5-9, what is the probability that in the next 1,000 custoers, the chain will have at least one mishandled bag? -Referring to Scenario 5-9, what is the probability that in the next 1,000 customers, the hotel chain will have less than two or more than eight mishandled bags?
Question 5
Essay
SCENARIO 5-3 The following table contains the probability distribution for X = the number of retransmissions necessary to successfully transmit a 1024K data package through a network.
X
0
1
2
3
P
(
X
)
0.35
0.35
0.25
0.05
\begin{array} { c | | c | c | c | c | } X & 0 & 1 & 2 & 3 \\\hline \hline P ( X ) & 0.35 & 0.35 & 0.25 & 0.05\end{array}
X
P
(
X
)
ā
0
0.35
ā
1
0.35
ā
2
0.25
ā
3
0.05
ā
ā
-Referring to Scenario 5-3, the variance for the number of retransmissions is _.
Question 6
Multiple Choice
A professor receives, on average, 24.7 e-mails from students the day before the midterm exam.To compute the probability of receiving at least 10 e-mails on such a day, he will use what type of probability distribution?