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INDEX 1

MID-TERM EXAMINATION

STATISTICS FOR BUSINESS Duration: 120

minutes

Dean of School Lecturer: Student ID: Date:

Name:

INSTRUCTIONS:

1. This is an open book examination. Answer multiple choice questions in exam question paper, answer

writing in answer sheets provided.

2. Use of calculator is allowed.

3. Discussion and material transfer are strictly prohibited.

Total pages: 8 (including this page)

Use the following to answer next 3 questions:

From the interviews of 200 executives, we get:

Location

D E F G

Finance A 10 24 8 14

Manufacturing B 30 6 22 12

Computer C 28 18 12 16

2. P(A│G): _____________

Among the group of 20 students who registered for the statistic course, 8 of them are first-year students. 5

students are randomly selected from the group.

4. What is the probability that exactly 2 of the selected students are first-year students?

a) 0.1192

b) 0.3486

c) 0.3973

d) 0.3065

e) None of the above

5. What probability that at least 3 of the selected students are first-year students?

a) 0.3973

b) 0.2587

c) 0.2962

d) 0.2348

e) None of the above

THE INTERNATIONAL UNIVERSITY (IU)

The sample data is given: 25, 28, 33, 37, 45, 52, 60, 67, 73, 85, 92, 96, 103, 110

a) 62.8

b) 64

c) 63.5

d) 67

e) None of the above

a) 845.912

b) 806.56

c) 788.857

d) 761.76

e) None of the above

a) 72.1

b) 68.5

c) 69.3

d) 71.4

e) None of the above

a) 82

b) 75

c) 57

d) 85

e) None of the above

A company wants to establish a marketing group of 5 members. Members of the group are selected from 6

managers and 9 technicians.

10. How many ways to select a group consists of 3 managers and 2 technicians:

Answer: ________________

11. What is the probability that the group would consist of 3 managers and 2 technicians:

Answer: ________________

40, 49, 56, 62, 65,70, 70, 72, 75, 78, 78, 82, 84, 85, 90, 67, 47, 75, 81, 80, 77, 70

_____________________________________________________________________________________

_____________________________________________________________________________________

THE INTERNATIONAL UNIVERSITY (IU)

_____________________________________________________________________________________

_____________________________________________________________________________________

_________________________________________________

PART II (70 %)

Question 1:

Given a set of data:

113, 119, 123, 128, 128, 134, 139, 147, 165, 168, 172, 176, 181, 184, 188, 193, 196, 200, 205, 230

a. What is the mean and the standard deviation of this sample?

b. Find the 1st, 2nd , 3rd quartile and 68th percentile.

c. Construct the box plot for this data set.

Question 2:

The following table gives the number of products in five types produced by two factories:

Type

A B C D E

Factory X 210 342 186 425 135

Factory Y 320 287 238 266 180

a. A product is randomly selected. What is the probability that it is produced by factory X?

b. What is the probability that a randomly selected product is type B and produced by factory Y?

c. What is the probability that a product, which is not type C, is produced by factory X?

Question 3:

The salary of people in AAA City is normally distributed with the mean 1000 USD, standard deviation is of

200 USD.

a. If the, one person is randomly chosen, what is the probability that his salary will be in between 950 to

1080 ?

b. If 16 persons are randomly chosen, what is probability that the sample mean will be in between 950 to

1080?

c. If 16 person are chosen, find two values L and R which are symmetric about the mean and satisfy

condition P (L ≤ sample mean ≤ R) = 0.80 ?

Question 4:

Suppose that 7 of the total of 23 company accounts are in error. An auditor selects a random sample of 6

accounts. Find the probability that:

a. The sample has at least 2 error accounts.

b. There is no error account in the sample.

c. There are exactly 3 error accounts in the sample.

Question 5:

A random sample with size 36 is taken from a normal population having mean µ = 25, standard deviation is

unknown. Sample standard deviation is s = 4.35 . Find the probability that sample mean is at least 19.5

Question 6:

According to a survey, 40% of the people read magazine A, 35% of the people read magazine B, and 25% of

the people read magazine C. If 8 people are selected randomly, what is the probability that:

a. Three of them read magazine A?

b. At most 2 of them read magazine B?

c. Two of them read magazine C?

GOOD LUCK!

THE INTERNATIONAL UNIVERSITY (IU)

SOLUTION

Location

D E F G Total

Finance A 10 24 8 14 56

Manufacturing B 30 6 22 12 70

Computer C 28 18 12 16 74

Total 68 48 42 42 200

1. ( ∩ ) = 6/200 = 0.03

= 20 =8 =5

4. c. 0.3973

5. c. 0.2962

6. c. 63.5

7. a. 845.912

8. b. 68.5

9. c. 57

THE INTERNATIONAL UNIVERSITY (IU)

=6( )+ 9( ℎ ) = 15

=6( )

=5

40, 47, 49, 56, 62, 65, 67, 70, 70, 70

72, 75, 75, 77, 78, 78, 80, 81, 82, 84

85, 90

12. ̅ ≈ 70.59

13. From the data set itself, we see that 21 of 22 observations fall in the interval ± =

. ± × . = [ . , . ] based on rule 1 of Chebyshev’s theorem, so the rule

that at least three-quarters will be within the range is satisfied.

14. Since the distribution of the data set is mound-shaped, the empirical rule can be applied.

There are 21 of 22 observations falling in the interval ± = . ± × . =

[ . , . ] based on rule 2 of Empirical Rule, so the rule that approximately 95% of the

observations will be within the range is satisfied.

PART II – WRITING

QUESTION 1:

b. The 1st quartile is the observation in position (20 + 1)25/100 = 5.25, which is 129.5

The 2nd quartile is the observation in position (20 + 1)50/100 = 10.5, which is 170

The 3rd quartile is the observation in position (20 + 1)75/100 = 15.75, which is 191.75

The 68th percentile is the observation in position (20 + 1)68/100 = 14.28, which is 185.12

THE INTERNATIONAL UNIVERSITY (IU)

Table 1:

Smallest Largest

1st Quartile Median 3rd Quartile

Observation Observation

113 129.5 170 191.75 230

Range of Inner Fences = 1.5(IQR) = 1.5(62.25) = 93.375

Range of Outer Fences = 3(IQR) = 3(62.25) = 186.75

Upper Inner Fence = Q3 + 1.5(IQR) = 191.75 + 93.375 = 285.125

Lower Outer Fence = Q1 − 3(IQR) = 129.5 − 186.75 = −57.25

Upper Outer Fence = Q3 + 3(IQR) = 191.75 + 186.75 = 378.5

Table 2:

Lower Outer Lower Inner Upper Inner Upper Outer

Median

Fence Fence Fence Fence

−57.25 36.125 170 285.125 378.5

Box plot:

Conclusion:

Based on the box plot, we can see that the distribution of the data is relatively symmetric with no

suspected outlier and no outlier.

QUESTION 2:

Type

Total row

A B C D E

Factory X 210 342 186 425 135 1,298

Factory Y 320 287 238 266 180 1,291

Total column 530 629 424 691 315 2,589

THE INTERNATIONAL UNIVERSITY (IU)

(a)

950 − 1,000 − 1,080 − 1,000

(950 ≤ ≤ 1,080) = ≤ ≤

200 200

1 2

= − ≤ ≤ ≈ 0.2541

4 5

(950 ≤ ≤ 1,080) = ≤ ≤

200 200

√16 √ √16

8

= −1 ≤ ≤ ≈ 0.7865

5

(c) ( ≤ ≤ ) = (− ≤ ≤ ) = 0.80

= 0.8/2 = 0.4

= 1.28

= 23, = 7, =6

7 23 − 7

(a) ( ≥ 2) = 6− ≈ 0.6178

23

6

7 23 − 7

(b) ( = 0) = 0 6−0 ≈ 0.0793

23

6

7 23 − 7

(c) ( = 3) = 3 6−3 ≈ 0.1942

23

6

THE INTERNATIONAL UNIVERSITY (IU)

= 36, = 25, = 4.35

− 19.5 − 25

( ≥ 19.5) = ≥ ≈ ( ≥ −5.0575) ≈ 1

/√ 4.35/√36

=8

3

( ≤ 2) = 8

× (0.35) × (0.65) ≈ 0.4278

2

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