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Basic Business Statistics Study Set 1
Exam 6: The Normal Distribution and Other Continuous Distributions
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Question 161
Short Answer
Patients arriving at an outpatient clinic follow an exponential distribution with mean 15 minutes.What is the average number of arrivals per minute?
Question 162
Short Answer
Instruction 6.2 John has two jobs. For daytime work at a jewellery store he is paid $15,000 per month, plus a commission. His monthly commission is normally distributed with mean $10,000 and standard deviation $2,000. At night he works as a waiter, for which his monthly income is normally distributed with mean $1,000 and standard deviation $300. John's income levels from these two sources are independent of each other. -Referring to Instruction 6.2,John's income as a waiter will be between what two values symmetrically distributed around the population mean 80% of the time?
Question 163
Short Answer
Instruction 6.8 A company has 125 personal computers. The probability that any one of them will require repair on a given day is 0.15. -Referring to Instruction 6.8 and assuming that the number of computers that requires repair on a given day follows a binomial distribution,compute the probability that there will be between 25 and 30 computers that require repair on a given day using a normal approximation.
Question 164
Short Answer
Patients arriving at an outpatient clinic follow an exponential distribution at a rate of 15 patients per hour.What is the probability that a randomly chosen arrival to be less than 15 minutes?