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Unit 4 - Week 3

Course
outline
Week 3 Assignment
The due date for submitting this assignment has passed. Due on 2018-02-21, 23:59 IST.
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Week 1 Week 3 assignment of Business Analytics for Management Decisions

1) The empirical rule says that approximately what percentage of the values would be within 2 1 point
Week 2 standard deviations of the mean in a bell shaped set of data?

Week 3
95%
Lecture 11 : 68%
Measures of
location 50%

Lecture 12 : almost all

Measures of
association No, the answer is incorrect.
Score: 0
Lecture 13 :
Probability Accepted Answers:
95%
Lecture 14 :
Random 2) An instructor is evaluating the performance of students on a test. He records the number of 1 point
variables and points that each student missed and created a frequency distribution. This is provided below:
probability
distribution

Lecture 15 :
Sampling and
Sampling
distributions

Week 3 Lecture
Material

Quiz : Week 3
Assignment

Week 3
assignment
solution
What is the standard deviation for this population?
Week 4
11.43

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Business Analytics for Management Decision - -... https://onlinecourses.nptel.ac.in/noc18_mg09/un...

Accepted Answers:
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Week 8
11.43

Week 9 3) An automobile dealer wishes to investigate the relation between the gender of the buyer and 1 point
type of vehicle purchased. The following joint probability table was developed from the dealer’s records for
Week 10 the previous year.

Week 11

Week 12

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P(Female) = _____________.

0.30

0.40

0.12

0.10

No, the answer is incorrect.

Score: 0
Accepted Answers:
0.40

4) Let A be the event that a student is enrolled in an accounting course, and let S be the event that 1 point
a student is enrolled in a statistics course. It is known that 30% of all students are enrolled in an accounting
course and 40% of all students are enrolled in statistics. Included in these numbers are 15% who are
enrolled in both statistics and accounting. A student is randomly selected, and it is found that the student is
enrolled in accounting. What is the probability that this student is also enrolled in statistics?

0.15

0.75

0.375

0.50

No, the answer is incorrect.

Score: 0
Accepted Answers:
0.50

5) Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the 1 point
payroll system, and orders an inspection of a random sample of vouchers issued since January 1, 1993. A
sample of ten vouchers is randomly selected, without replacement, from the population of 2,000 vouchers.
Each voucher in the sample is examined for errors; and x is the number of sample vouchers with errors. If
20% of the population of vouchers contain errors, the standard deviation of x is __________.

1.26

1.60

14.14

3.16

No, the answer is incorrect.

Score: 0
Accepted Answers:

2 of 5 Thursday 17 May 2018 11:42 AM

Business Analytics for Management Decision - -... https://onlinecourses.nptel.ac.in/noc18_mg09/un...

1.26

6) Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the following 1 point
performance statistics for two new stocks.

The coefficient of variation for Salas Products, Inc. is __________.

300%

100%

33%

5%

No, the answer is incorrect.

Score: 0
Accepted Answers:
33%

7) Meagan Dubean manages a portfolio of 200 common stocks. Her staff classified the portfolio 1 point
stocks by 'industry sector' and 'investment objective.'

If a stock is selected randomly from Meagan's portfolio, P(Growth|Healthcare) = _____.

0.25

0.40

0.20

0.80

No, the answer is incorrect.

Score: 0
Accepted Answers:
0.80

8) Circuit boards for wireless telephones are etched, in an acid bath, in batches of 100 boards. A 1 point
sample of seven boards is randomly selected from each lot for inspection. A particular batch contains two
defective boards; and x is the number of defective boards in the sample. P(x=1) is _______.

0.2656

0.8642

0.0042

0.6134

No, the answer is incorrect.

Score: 0

3 of 5 Thursday 17 May 2018 11:42 AM

Business Analytics for Management Decision - -... https://onlinecourses.nptel.ac.in/noc18_mg09/un...

Accepted Answers:
0.2656

9) Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the 1 point
payroll system, and orders an inspection of a random sample of vouchers issued since January 1, 1993. A
sample of ten vouchers is randomly selected, without replacement, from the population of 2,000 vouchers.
Each voucher in the sample is examined for errors; and x is the number of sample vouchers with errors. If
20% of the population of vouchers contain errors, P(x=0) is _______________.

0.8171

0.1074

0.8926

0.3020

No, the answer is incorrect.

Score: 0
Accepted Answers:
0.1074

10)A market research team compiled the following discrete probability distribution for families 1 point
residing in Randolph County. In this distribution x represents the number of evenings the family dines
outside their home during a week.

The mean (average) value of x is _______________.

1.0

1.5

2.0

2.5

No, the answer is incorrect.

Score: 0
Accepted Answers:
1.0

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