Unit of Sales
From Case Exhibit 11 &
12
For Consoles
Parameters
First Year 2008
2nd Year 2009
3rd year 2010
Total Expected sales in 3 years
Year
1st Year 2008
2nd Year 2009
3rd year 2010
Total Units r
Quiz 29
Exhibit 6-7
The weight of items produced by a machine is normally distributed with a mean of 8 ounces and a
standard deviation of 2 ounces.
1.
Refer to Exhibit 6-7. What is the probability tha
Quiz 30
1.
Given that Z is a standard normal random variable. What is the value of Z if the area to the
right of Z is 0.1401?
a. 1 .08
b. 0.1401
c. 2.16
d. -1.08
Answer: a
2.
Given that Z is a standar
Quiz 33
1.
The time it takes a worker on an assembly line to complete a task is exponentially distribut
ed with a mean of 8 minutes.
a. What is the probability density function for the time it takes t
Quiz 32
1.
The pri ce of a bond is uniformly distributed between $80 and $85.
a.
b.
c.
d.
What i s the probabilit y that the bond price will be at least $83?
What is the probability that the bond pric
Quiz 28
Exhibit 6-3
Consider the continuous random variable X, which has a uniform distribution over the interval from 20
to 28.
1.
Refer to Exhibit 6-3. The probability density function has what valu
Quiz 31
1.
Given that Z is a standard normal random variable. What is the value of Z if the area to the
right of Z is 0.1401?
a. 1 .08
b. 0.1401
c. 2.16
d. -1.08
Answer: a
2.
Given that Z is a standar
Quiz 18
1.
For a continuous random variable x, the probability density function tcfw_x) represents
a. the probability at a given value of x
b. the area under the curve at x
c. the area under the curve
Quiz 27
1.
A continuous random variable may assume
a.
b.
c.
d.
. all values in an interva l or collection of intervals
only integer values in an interval or collection of intervals
only fractiona l va
Quiz 26
1.
For a continuous random variable x, the probability density function tcfw_x) represents
a. the probability at a given value of x
b. the area under the curve at x
c. the area under the curve
Quiz 25
1.
In a no rm a l distributi o n, it i s known that 27.34% of all th e items are includ ed from 100 up t o
the mean, and another 45.99% of all the items are includ ed from the
mean up to 145.
Quiz 24
1.
A major department store has determined that its customers charge an average of
$500 per month , with a standard deviation of $80. Assume the amounts of charges are normally
distributed.
a.
Quiz 23
1.
A major department store has determined that its customers charge an average of
$500 per month , with a standard deviation of $80. Assume the amounts of charges are normally
distributed.
a.
Quiz 19
1.
A continuous random variable may assume
a.
b.
c.
d.
. all values in an interva l or collection of intervals
only integer values in an interval or collection of intervals
only fractiona l va
Quiz 20
1.
Given that Z is a standard normal random variable , what is the probability that -2.51
a. 0.4950
b. 0.4370
c. 0.0570
d. 0.9310
Answer: c
2.
Given that Z is a standard normal random variable
Quiz 22
1.
The ages of student s at a university are normally distributed with a mean of 2 I.
What percentage of the student body is at least 21 years old?
a. It could be any va lue, depending on the
Quiz 21
Exhibit 6-6
The starting salaries of individuals with an MBA degree are normally distributed with a mean of
$40,000 and a standard deviation of $5,000.
1.
Refer to Exhibit 6-6. What i s the pr
Quiz 18
1.
For a continuous random variable x, the probability density function tcfw_x) represents
a. the probability at a given value of x
b. the area under the curve at x
c. the area under the curve
Quiz 17
1.
The student body of a large un iversity consists of 30% Busine ss majors. A random sample
of 20 stud ent s is selected.
a. What is the probability that among the students in the sample at l
1.
Two percent of the part s produc ed by a machine are defective. Twenty part s are selected at
random. Use the binomial probabilit y tables to answer the following questions.
a. What is th e probabi
Quiz 16
1.
Jn a binomial experiment the probability of success i s 0.06. What is the probability of two
successes in seven tria ls?
Answer: c
2.
X is a random var iable wit h t h e probabilit y functi
Quiz 15
1.
The standard deviation of a binomial distribution is
a.
E(x) = P(I - P)
b. E(x) = nP
c. E(x) = nP(I - P)
d.
None of these alternatives is correct.
Answer: d
2.
The expected value for a bino
Quiz 14
Forty percent of all registered voters in a national election are female. A random sample of 5 voters is
select ed.
1.
Refer to Exhibit 5-4. The probability that the sample contains 2 female v
Quiz 13
In the following multiple choice questions , circle the correct answer.
I.
A numerical description of the outcome of an experiment i s called a
a. descriptive statistic
b. probability function
Quiz 12
1.
The average wage of Tennessee cashiers is $14 per hour with a standard devia tion of
$4.20. rn Georgia, the average wage of cashiers i s $I 6 with a stand ard deviation of $4.40. In
which s
Quiz 11
Exhibit 3-3
A researcher has collected the following sample data. The mean of the sample is 5.
3
1.
5
12
3
2
Refer to Exhibit 3-3. The variance is
a. 80
4.062
b.
c. 13.2
d. 16.5
Answer: d
2.
R
Quiz 10
1.
.
a.
b.
c.
d.
Th e
coefficient of correlation
is the same as the coefficient of determination
can be larger than 1
ca nnot be larger than I
cannot be negative
Answer: c
2.
The value of the
Quiz 9
1.
The sample variance
a. is always smaller than the true value of the population variance
b. is always larger than the true valu e of the population variance
c. could be smaller , equal to , o
Quiz 8
1.
The value which has half of the observat ions above it and half the observat
ions below it is called the
a. range
b. median
c. mean
d. mode
Answer: b
2.
The most frequently occurring va lue
Quiz 7
I.
Which of the following provid es a mea sure of central location for the data?
a. standard deviation
b. mean
c. vanance
d. range
Answer: b
2.
When computing the mean of a set of values xi , t