Business Statistics Quiz

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Business Statistics Quiz

© All Rights Reserved

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4 out of 4 points

Exhibit 5-10

The probability distribution for the number of goals the Lions soccer team makes per

game is given below.

Number

Of Goals

Probability

0 0.05

1 0.15

2 0.35

3 0.30

4 0.15

Answer

Selected Answer:

2.35

Correct Answer:

2.35

Question 2

4 out of 4 points

education courses on a pass/fail basis. Assume that 10 students are

registered for a general education course. Use appropriate tables to find

the following probabilities. What is the probability that at least 1 in the course

are registered on a Pass/Fail basis?

Answer

Selected Answer:

.3352

Correct Answer:

.3352

Question 3

4 out of 4 points

function?

Answer

Selected Answer:

f(x) = 1

Correct Answer:

f(x) = 1

Question 4

4 out of 4 points

education courses on a pass/fail basis. Assume that 10 students are

registered for a general education course. Use appropriate tables to find

the following probabilities. What is the probability that less than 2 in the course

are registered on a Pass/Fail basis?

Answer

Selected Answer:

.9418

Page 1

Correct Answer:

.9418

Question 5

4 out of 4 points

claims are filed. Assume that the claims are Poisson distributed. Find

the probability that exactly 3 claims will be filed.

Answer

Selected Answer:

.0150

Correct Answer:

.0150

Question 6

4 out of 4 points

claims are filed. Assume that the claims are Poisson distributed. Find

the probability that at least 2 claims will be filed.

Answer

Selected Answer:

.9988

Correct Answer:

.9988

Question 7

4 out of 4 points

claims are filed in their Atlanta branch. Assume that the Poisson distribution is

applicable. What is the probability that during the next week less than 1 claims

will be filed?

Answer

Selected Answer:

.0000

Correct Answer:

.0000

Question 8

4 out of 4 points

Answer

Selected Answer:

.0102

Correct Answer:

.0102

Question 9

4 out of 4 points

Using Z - tables find the probabilities that Z is between -2.11 and 1.06

Answer

Selected Answer:

.8380

Correct Answer:

.8380

Question 10

4 out of 4 points

Page 2

Using Z - tables find z such that the area to the left of z is .8238

Answer

Selected Answer:

.93

Correct Answer:

.93

Question 11

4 out of 4 points

Using Z - tables find z such that the area to the right of z is .025

Answer

Selected Answer:

1.96

Correct Answer:

1.96

Question 12

4 out of 4 points

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.

Refer to Exhibit 6-6. What is the probability that a randomly selected individual

with an MBA degree will get a starting salary of at least $30,000?

Answer

Selected Answer:

0.9772

Correct Answer:

0.9772

Question 13

4 out of 4 points

Answer

Selected Answer:

the z is to the left of the mean

Correct Answer:

the z is to the left of the mean

Page 3

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