ORMS3310 qz2 - Sheet1 Page 1 SP08Quiz2:Ch 4 and 5 Fill up online quiz form Scantrons due at the beginning of class on Tuesday(50 questions x.4

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Unformatted text preview: Sheet1 Page 1 SP08Quiz2:Ch 4 and 5 Fill up online quiz form. Scantrons due at the beginning of class on Tuesday February 12, 2008 (50 questions x .4 points each = 20 points total) Choose the BEST answer. 4-8: In a city like Corpus Christi, applications for zoning changes go through a two-step process: a review by the planning commission and a final decision by the city council. At step 1, the planning commission reviews the zoning change request and makes one of four possible recommendations concerning the change: very bad, bad, good or very good. At step 2 the change. Suppose the developer of an apartment complex submits an application for a zoning change. Consider the application process as an experiment. (For question 1) How many sample points are there for this experiment? a) 3 possible outcomes b) 4 possible outcomes c) 8 possible outcome d) 2 possible outcomes e) 6 possible outcomes 4-9: Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 50 bank accounts, a bank manager wants to take a simple random sample of five accounts. He wants to give the job of sampling to one of five associates named below. To qualify for the job they are given a test. The test question is to calculate the total number of possible samples of 5 that can be taken from these 50 bank accounts. Who made the correct calculation and therefore should get the job? (For question 2) How many different random samples of five accounts are possible? a) Robin Willams: 5527200 b) Julia Roberts: 315,200 c) Robert DeNeiro: 230,300 d) Angelina Jolie: 254251200 e) Tom Cruise: 2118760 4-12: The Powerball lottery is played twice each week in 23 states, the Virgin Islands, and the District of Colombia. Suppose, to play Powerball, a participant must purchase a ticket for $1 and then select four numbers from the digits 1 through 53 and a Powerball number from the digits 1 through 32. To determine the winning numbers for each game, lottery officials draw four white balls out of a drum with 53 white balls, and one red ball out of a drum with 32 red balls. To win Powerball. In August 2001, four winners shared a jackpot of $295 million by matching the numbers 8-17-22-47 plus Powerball number 21. In addition to the jackpot, a variety of other prizes are awarded each time the game is played. For (www.powerball.com, March 25, 2003). Five pundits, named below, make five different statements about the Powerball lottery. (For question 3) a) Ang Fang: The number of ways the first four numbers can be selected is 2,869,685 b) Ban Boon: The number of ways the first four numbers can be selected is 2,869,685 c) Chung Chang: the probability of winning the Powerball jackpot is = 1/120526770 d) DoLittle Soong: the probability of winning the Powerball jackpot is = 1/ 9370400 e) Elizabeth Tung: probability of winning a prize of $100,000 by matching the numbers on the four white...
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This test prep was uploaded on 03/29/2008 for the course ORMS 3310 taught by Professor Mollick during the Spring '08 term at Texas A&M University, Corpus Christi.

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ORMS3310 qz2 - Sheet1 Page 1 SP08Quiz2:Ch 4 and 5 Fill up online quiz form Scantrons due at the beginning of class on Tuesday(50 questions x.4

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