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Business Statistics in Practice Study Set 2
Exam 5: Discrete Random Variables
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Question 101
True/False
The binomial experiment consists of n independent,identical trials,each of which results in either success or failure and is such that the probability of success on any trial is the same.
Question 102
Multiple Choice
According to data from the state blood program,40% of all individuals have group A blood.If six (6) individuals give blood,find the probability Find the mean number of individuals having group A blood.
Question 103
Multiple Choice
The Post Office has established a record in a major Midwestern city for delivering 90% of its local mail the next working day.Of the eight,what is the average number you expect to be delivered the next day?
Question 104
Multiple Choice
A large disaster cleaning company estimates that 30% of the jobs it bids on are finished within the bid time.Looking at a random sample of 8 jobs that is has contracted: Calculate the mean number of jobs completed within the bid time.
Question 105
Multiple Choice
The probability that a given computer chip will fail is 0.02.Find the probability that of 5 delivered chips,exactly 2 will fail.
Question 106
True/False
A Poisson random variable is a continuous variable that can be used to describe the number of occurrences of an event over a specified interval of time or space.
Question 107
Multiple Choice
According to data from the state blood program,40% of all individuals have group A blood.If six (6) individuals give blood,find the probability Exactly three of the individuals has group A blood?
Question 108
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 109
Multiple Choice
In a study conducted by UCLA,it was found that 25% of college freshmen support increased military spending.If 6 college freshmen are randomly selected,find the probability that: Only 1 support increased military spending
Question 110
Multiple Choice
A car wash loses $30 on rainy days and makes $120 on days when it does not rain.If the probability of rain is 0.15,calculate the car wash's expected profit.
Question 111
Multiple Choice
An insurance company will insure a $75,000 Hummer for its full value against theft at a premium of $1500 per year.Suppose that the probability that the Hummer will be stolen is 0.0075. Calculate the insurance company's expected net profit.
Question 112
Multiple Choice
According to a survey of adults,64% have money in a regular savings account.If we plan on surveying 50 randomly selected adults,find the mean number of adults who would have regular savings accounts.
Question 113
Multiple Choice
A fair die is rolled 10 times.What is the average number of even number outcomes?
Question 114
Multiple Choice
One die is thrown.What is the expected value of the number of dots on the top face of the die?
Question 115
Multiple Choice
If the probability distribution of X is:
What is the expected value of X?
Question 116
Multiple Choice
In a study conducted by UCLA,it was found that 25% of college freshmen support increased military spending.If 6 college freshmen are randomly selected,find the probability that: Fewer than 4 support increased military spending