Question 1

It is estimated that 20% of luxury cars manufactured in 2008 were silver.A car dealership typically sells 20 luxury cars per month.The probability that 8 of the luxury
Cars sold per month are silver is

Accepted Answer

A)  .0006.
B)  .1276.
C)  .0222.
D)  .7779
E)  None of the above. C

Question 2

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this
Part each week.What is the probability that the fourth part retrieved from stock is the
First defective?

Accepted Answer

A)  0.0064
B)  0.08
C)  0.0378
D)  0.0623
E)  0.3244 D

Question 3

For quality control purposes, a company that manufactures copper sheets routinely takes samples from its production process.Since its product is often used for decorative
Purposes, one inspection check involves counting the number of imperfections or flaws
On sheets that measure 36 sq.ft.Suppose the average number of imperfections per sheet
Of this size is 3.What is the probability that a sheet of this size has no more than 2
Imperfections?

Accepted Answer

A)  0.4232
B)  0.2510
C)  0.2240
D)  0.5689
E)  0.0034 A

Question 4

A local unemployment office keeps track of the number of new claims filed each day. Based on data collected, it determines that the expected number of new claims filed per
Day is 2.4 with a standard deviation of 0.8688.Suppose that the office is open five days
Per week.The expected number of new claims filed per week at this office is

Accepted Answer

A)  7.4.
B)  4.344.
C)  12.
D)  10.
E)  5.25.

Question 5

A fast food restaurant just leased a new freezer and food fryer for three years.The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
Service charge for each repair needed.The restaurant's research indicates that during a
Given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
Twice, 4% three times, and none required more than three repairs.The standard deviation
Of the number of repairs for this freezer per year is

Accepted Answer

A)  0.72 repairs.
B)  0.512 repairs2.
C)  1.25 repairs.
D)  2.5 repairs2.
E)  0.33 repairs.

Question 6

A fast food restaurant just leased a new freezer and food fryer for three years.The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
Service charge for each repair needed.The restaurant's research indicates that during a
Given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
Twice, 4% three times, and none required more than three repairs.The mean restaurant's
Annual expense with the service contract for this freezer is

Accepted Answer

A)  $25.20.
B)  $136.55.
C)  $122.45.
D)  $89.90.
E)  $0.

Question 7

For quality control purposes, a company that manufactures copper sheets routinely takes samples from its production process.Since its product is often used for decorative
Purposes, one inspection check involves counting the number of imperfections or flaws
On sheets that measure 36 sq.ft.Suppose the average number of imperfections per sheet
Of this size is 3.What is the probability that a sheet of this size has 2 imperfections?

Accepted Answer

A)  0.2240
B)  0.4232
C)  0.2510
D)  0.4591
E)  0.1365

Question 8

A small business just leased a new computer and color laser printer for three years. The service contract for the computer offers unlimited repairs for a fee of $100 a year
Plus a $25 service charge for each repair needed.The company's research indicates that
During a given year 86% of these computers need no repairs, 9% need to be repaired
Once, 4% twice, 1% three times, and none required more than three repairs.The standard
Deviation in the number of repairs for this kind of computer per year is

Accepted Answer

A)  0.20 repairs.
B)  0.55 repairs.
C)  0.89 repairs.
D)  1.00 repairs.
E)  1.20 repairs.

Question 9

It is estimated that 20% of luxury cars manufactured in 2008 were silver.A car dealership typically sells 20 luxury cars per month.The probability that more than 10 of
The luxury cars sold per month are silver is

Accepted Answer

A)  .0006.
B)  .1276.
C)  .0222.
D)  .7779
E)  None of the above.

Question 10

A small business just leased a new computer and color laser printer for three years. The service contract for the computer offers unlimited repairs for a fee of $100 a year
Plus a $25 service charge for each repair needed.The company's research indicates that
During a given year 86% of these computers need no repairs, 9% need to be repaired
Once, 4% twice, 1% three times, and none required more than three repairs.The standard
Deviation of the company's annual expense with the service contract for the computer is

Accepted Answer

A)  $105.
B)  $10.25.
C)  $187.42.
D)  $13.69.
E)  $2.75.

Question 11

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.The probability that at least 3 calls
Are received per hour is

Accepted Answer

A)  3/6.
B)  4/7.
C)  3/7.
D)  4/6.
E)  1/6.

Question 12

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.What is the probability that more
Than 6 calls are received per hour?

Accepted Answer

A)  1/6
B)  1/7
C)  1
D)  3/7
E)  0

Question 13

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this
Part each week.What is the probability that the tenth part retrieved from stock is the
First defective?

Accepted Answer

A)  0.2348
B)  0.4344
C)  0.0378
D)  0.4722
E)  0.3780

Question 14

For quality control purposes, a company that manufactures copper sheets routinely takes samples from its production process.Since its product is often used for decorative
Purposes, one inspection check involves counting the number of imperfections or flaws
On sheets that measure 36 sq.ft.Suppose the average number of imperfections per sheet
Of this size is 3.What is the probability that a sheet half this size (18 sq.ft.) has 2
Imperfections?

Accepted Answer

A)  0.4232
B)  0.2510
C)  0.2240
D)  0.5689
E)  0.0034

Question 15

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this
Part each week.What is the expected number of parts retrieved until the first defective?

Accepted Answer

A)  8
B)  12.5
C)  10.5
D)  15
E)  20

Question 16

Internet service providers (ISP) need to resolve customer problems as quickly as possible.For one ISP, past data indicates that the likelihood is .80 that customer calls
Regarding Internet service interruptions are resolved within one hour.Out of the next 10
Customer calls about interrupted service, the probability that exactly 7 will be resolved
Within one hour is

Accepted Answer

A)  0.2013.
B)  0.8791.
C)  0.7897.
D)  0.3452.
E)  0.1209.

Question 17

A fast food restaurant just leased a new freezer and food fryer for three years.The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
Service charge for each repair needed.The restaurant's research indicates that during a
Given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
Twice, 4% three times, and none required more than three repairs.The expected number
Of repairs for this freezer per year is

Accepted Answer

A)  1 repair.
B)  1.25 repairs.
C)  0.33 repairs.
D)  0.79 repairs.
E)  2.5 repairs.

Question 18

Internet service providers (ISP) need to resolve customer problems as quickly as possible.For one ISP, past data indicates that the likelihood is .80 that customer calls
Regarding Internet service interruptions are resolved within one hour.Out of the next 10
Customer calls about interrupted service, how many would be expected to have their
Service problems resolved within one hour?

Accepted Answer

A)  2
B)  4
C)  6
D)  8
E)  10

Question 19

A small business just leased a new computer and color laser printer for three years. The service contract for the computer offers unlimited repairs for a fee of $100 a year
Plus a $25 service charge for each repair needed.The company's research indicates that
During a given year 86% of these computers need no repairs, 9% need to be repaired
Once, 4% twice, 1% three times, and none required more than three repairs.The expected
Number of repairs for this kind of computer per year is

Accepted Answer

A)  0.20 repairs.
B)  0.55 repairs.
C)  0.89 repairs.
D)  1.00 repairs.
E)  1.20 repairs.

Question 20

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.The probability that fewer than 3
Calls are received per hour is

Accepted Answer

A)  3/6.
B)  4/6.
C)  3/7.
D)  4/7.
E)  1/6.

Exam 8: Random Variables and Probability Models

It is estimated that 20% of luxury cars manufactured in 2008 were silver.A car dealership typically sells 20 luxury cars per month.The probability that 8 of the luxury Cars sold per month are silver is

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this Part each week.What is the probability that the fourth part retrieved from stock is the First defective?

It is estimated that 20% of luxury cars manufactured in 2008 were silver.A car dealership typically sells 20 luxury cars per month.The probability that more than 10 of The luxury cars sold per month are silver is

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.The probability that at least 3 calls Are received per hour is

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.What is the probability that more Than 6 calls are received per hour?

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this Part each week.What is the probability that the tenth part retrieved from stock is the First defective?

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective.Suppose many cars come into the service station needing this Part each week.What is the expected number of parts retrieved until the first defective?

Suppose that incoming calls per hour to a customer service center of a small credit union are uniformly distributed between 0 and 6 calls.The probability that fewer than 3 Calls are received per hour is