Expected Values and Probability Problems

1.
"By investing ina particular stock, a person can make a profil in 1 year of Rs, 4000 with a
probability of 40% and a loss of Rs. 1000 with a probability of 60%. What is the person's
expected gain?"
1000
500
2000
200
2. Find the Mean of f(x), where f(x) = 6X+6. The probability distribution of a random variable X ; if X
= 8, 10, 11, 12, 13 and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
69
= 12, 14, 15, 16, 17, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
77.5
4. "A survey found that one out of five Americans says he or she has visited a doctor in any given
month. If 10 people are selected at random, find the probability that exactly 3 will have visited a doctor
last month."
0.201
0.457
0.896
0.997
5. "Find the variance of f(x), where f(x) = 5X+5. The probability distribution of a random variable X ; if X =
12, 14, 15, 16, 17, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively "
11
37.5
42
58.75
6. Find the Mean of f(x), where f(x) = 3X+3. The probability distribution of a random variable X ; if X = 9,
11, 12, 13, 14, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
77.5
8. "From 7 people comprising of 5 men and 2 women , 4 people are to be selected. If random variale is
count of women, what is the frequency of 2 women?"
10
10. "Find the Mean of f(x), where f(x) = 4X+4. The probability distribution of a random variable X ; if X =
7, 9, 10, 11, 12, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
77.5
12. In binomial experiments we divide population in how many categories?
no category
13. "By investing ina particular stock, a person can make a profil in 1 year of Rs, 4000 with a probability
of 40% and a loss of Rs. 1000 with a probability of 60%. What is the person's expected gain?"
1000
500
2000
200
14. Average values is always
Expected value
Variance
standard deviation
Probablity
15. Find the variance of a random variable X? if X = 7, 9, 10, 11, 12, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1
respectively"
1.35
2.35
3.35
4.35
Find the expected number of Jazz records when 4 records are selected at random from a collection
consisting of 5 Jazz records, 2 classical and 3 pop records."
A research survey with outcomes being defined as Poor, Average, Good, Excellent is a random
experiment with random variable being of type"
Ordinal
Nominal
Continuous
Ratio
Khan has a 0.6 probability of making a free throw. Suppose each free throw is independent of the other.
If he attempts 10 free throws, what is the probability that he makes at least 2 of them?"
0.001
0.998
0.912
0.852
A lot of 12 compressor tanks is checked to see whether there are any defective tanks. Three tanks are
checked for leaks. If 1 or more of the 3 is defective, the lot is rejected. Find the probability that the lot
will be rejected if there are actually 3 defective tanks in the lot."
0.082
0.182
0.482
0.382
A basket contains 3 red and 4 green balls. If three balls are picked from the basked one after the other
(in sequence independently) with replacement in between the trials, then expected mean of red balls
picked can be?"
1.714
1.1428
1.214
1.312
Relative frequency of a random variable value is is the probability of occurance of that value in the
sample sapce.
Yes
Nominal
Sometimes
Never
Find the expectation of a random variable X? if X = 9, 11, 12, 13, 14, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1
respectivley "
11.5
4.5
9.5
14.5
respectively"
11.5
4.5
14.5
9.5
The probability that a patient recovers from a rare blood disease is 0.4. If 15 people are known to have
contracted this disease, what is the probability that at least 10 survive ?"
0.8451
0.2235
0.1245
0.0338
In binomial experiments we divide population in how many categories?
no category
"The probability that a patient recovers from a rare blood disease is 0.4. If 15 people are known to have
0.8451
0.2235
0.1245
0.0338
In hypergeometric experiments trials are?
independent
dependent
simultaneous
not applicable
If the sample size is 6 and the population is 50 from which it is drawn without replacement and the
elements for success are 22 then the variance of hyper geometric probability distribution is
2.388
3.388
1.388
4.388
Compute the probablity of getting 5 in 3 trails if a fair dice is tossed 14 times.

0.2268
0.3368
0.4688
0.5263
In hypergeometric experiments random variable is?
success in the sample
success in the trial
failure in the sample
failure in the trial
From a lot of 12 missiles, 5 are selected at random and fired. If the lot contains 3 defective missles that
will not fire, what is the probability that all 5 will fire?"
0.159
0.2
0.1
0.21
A life insurance company will sell a Rs 3000,000 one year term life insurance policy to an individual in a
particular risk group for a premium of Rs 300,000. Find the expected value to the company of a single
policy if a person in this risk group has 90.5% chance of surviving one year."
750
790
-450
-300
The number of products manufactured in a factory in a day are 3500 and the probability that some
pieces are defected is 0.55 then the mean of binomial probability distribution is
1925
6364
63.64
3500
Find the predicted outcome of defective TV sets when in a shipment of 7 TV sets containing 2 defectives
a hotel makes a random purchase of 3 of the sets.
1 to 2
1 to 3
0 to 1
0 to 3
the probability that a bomb dropped from a place will strike the target is 60% and if 10 bombs are
dropped, find mean and variance?"
"0.6, 0.24"
"6, 2.4"
"0.4, 0.16"
"4, 1.6"
A multiple choice quiz has 15 questions, each with 4 possible answers of which only 1 is correct. What is
the probability that sheer guesswork yields exactly 5 correct answers?"
0.165
0.1
0.2
0.5
In (2 less than X less than 8), X is a "
continuous random variable
discrete random variable
no variable
constant
In hypergeopmetric experiments we divide population in how many categories?
None
A coin is tossed 15 times, what is the probability of getting 7 tails ?"
0.9999
0.112
0.2581
0.1963
0.1149
Answer not given
().2249
0.0004
1 to 2
1 to 3
0 to 1
0 to 3
"If E(x) = 2 and E(z) = 4, then E(z x) =?"
-2
Error margin is obtained by
adding error to mean
subtracting error from mean
adding and subtracting error from mean

not considering error
In law of variances, individual variances are always"
subtracted
added
multiplied
square root
of mobile sets is an example of
Discrete
Continuous
Constant
Not a applicable
1. "By investing ina particular stock, a person can make a profil in 1 year of Rs, 4000 with a
probability of 40% and a loss of Rs. 1000 with a probability of 60%. What is the person's
expected gain?"
1000
500
2000
200
= and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
69
= 12, 14, 15, 16, 17, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
77.5
4. "A survey found that one out of five Americans says he or she has visited a doctor in any given
month. If 10 people are selected at random, find the probability that exactly 3 will have visited a doctor
last month."
0.201
0.457
0.896
0.997
5. "Find the variance of f(x), where f(x) = 5X+5. The probability distribution of a random variable X ; if X =
12, 14, 15, 16, 17, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively "
11
37.5
42
58.75
6. Find the Mean of f(x), where f(x) = 3X+3. The probability distribution of a random variable X ; if X = 9,
11
37.5
42
77.5
8. "From 7 people comprising of 5 men and 2 women , 4 people are to be selected. If random variale is
count of women, what is the frequency of 2 women?"
10
10. "Find the Mean of f(x), where f(x) = 4X+4. The probability distribution of a random variable X ; if X =
7, 9, 10, 11, 12, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
77.5
12. In binomial experiments we divide population in how many categories?
no category
13. "By investing ina particular stock, a person can make a profil in 1 year of Rs, 4000 with a probability
of 40% and a loss of Rs. 1000 with a probability of 60%. What is the person's expected gain?"
1000
500
2000
200
14. Average values is always
Expected value
Variance
standard deviation
Probablity
15. Find the variance of a random variable X? if X = 7, 9, 10, 11, 12, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1
respectively"
1.35
2.35
3.35
4.35
Find the expected number of Jazz records when 4 records are selected at random from a collection
4
Ordinal
Nominal
Continuous
Ratio
Khan has a 0.6 probability of making a free throw. Suppose each free throw is independent of the other.
If he attempts 10 free throws, what is the probability that he makes at least 2 of them?"
0.001
0.998
0.912
0.852
0.082
0.182
0.482
0.382
A basket contains 3 red and 4 green balls. If three balls are picked from the basked one after the other
(in sequence independently) with replacement in between the trials, then expected mean of red balls
picked can be?"
1.714
1.1428
1.214
1.312
Relative frequency of a random variable value is the probability of occurrence of that value in the
sample space.
Yes
Nominal
Sometimes
Never
respectivley "
11.5
4.5
9.5
14.5
respectively"
11.5
4.5
14.5
9.5
The probability that a patient recovers from a rare blood disease is 0.4. If 15 people are known to have
0.8451
0.2235
0.1245
0.0338
In binomial experiments we divide population in how many categories?
no category
"The probability that a patient recovers from a rare blood disease is 0.4. If 15 people are known to have
0.8451
0.2235
0.1245
0.0338
In hypergeometric experiments trials are?
independent
dependent
simultaneous
not applicable
2.388
3.388
1.388
4.388
0.2268
0.3368
0.4688
0.5263
In hypergeometric experiments random variable is?
success in the sample
success in the trial
failure in the sample
failure in the trial
0.159
0.2
0.1
0.21
750
790
-450
-300
1925
6364
63.64
3500
1 to 2
1 to 3
0 to 1
0 to 3
the probability that a bomb dropped from a place will strike the target is 60% and if 10 bombs are
"0.6, 0.24"
"6, 2.4"
"0.4, 0.16"
"4, 1.6"
A multiple choice quiz has 15 questions, each with 4 possible answers of which only 1 is correct. What is
the probability that sheer guesswork yields exactly 5 correct answers?"
0.165
0.1
0.2
0.5
In (2 less than X less than 8), X is a "
no variable
constant
In hypergeopmetric experiments we divide population in how many categories?
None
A coin is tossed 15 times, what is the probability of getting 7 tails ?"
0.9999
0.112
0.2581
0.1963
0.1149
Answer not given
().2249
0.0004
1 to 2
1 to 3
0 to 1
0 to 3
-2
Error margin is obtained by
adding error to mean
subtracting error from mean
adding and subtracting error from mean
not considering error
In law of variances, individual variances are always"
subtracted
added
multiplied
square root
Number of mobile sets is an example of
Discrete
Continuous
Constant
Not a applicable
"A basket contains 3 red and 4 green balls. If two balls are picked from the basked one after the other (in
sequence) without replacement in between the trials, then count of green balls picked can be?"
0 or 1
"0, 1 or 2"
1 or 3
I or 2
Mean of a constant a is ___
1-a
-1
respectively"
11.5
4.5
9.5
14.5
"Find the Mean of f(x), where f(x) = 3X+3. The probability distribution of a random variable X ; if X = 9,
11
37.5
42
77.5
0.1149
Answer not given
().2249
0.0004
750
790
-450
-300
"Find the expectation of a random variable X? if X = 7, 9, 10, 11, 12, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1
respectively"
11.5
4.5
9.5
14.5
A basket contains 3 red and 4 green balls. If two balls are picked from the basked one after the other (in
sequence) without replacement in between the trials, then expected mean of green balls picked can
be?"
1.234
1.1428
2.5
3.14
"A manufacturer of metal pistons finds that on the average, 12% of his pistons are rejected because they
are either oversize or undersize. What is the probability that a batch of 10 pistons will contain no more
than 2 rejects?"
0.7142
0.8123
0.8913
0.9321
"In a discrete probability distribution, the sum of all probabilities is always?"
100
0.082
0.182
0.482
0.382
A small voting district has 110 female voters and 90 male voters. A random sample of 10 voters is drawn.
What is the probability exactly 7 of the voters will be female?
0.75
0.51
0.224
0.1665
1 to 2
1 to 3
0 to 1
0 to 3
"In law of variances, individual variances are always"
subtracted
added
multiplied
square root
0 or 1
"0, 1 or 2"
1 or 3
I or 2
Average values is always
Expected value
Variance
standard deviation
Probablity
"If the values taken by a random variable are negative, the negative values will have _____"
positive probability
negative probability
no probability
insufficient data
Question 1
"A certain type of storage battery lasts, on average, 3.0 years with a standard
deviation of 0.5 year. Assuming that battery life is normally distributed, find the
probability that a given battery will last less than 2.3 years"
84.51%
22.35%
12.45%
8.08%
Question 2
In a standard normal distribution the probability given in the table corresponding
the z value -0.53 is
0.2981
0.2933
-0.2981
answer not
given
Question 3
Frequency distribution in a continuous random variable has probability defined by?
likelihood
log likelihood
area under the
curve
point value
Question 4
"A Project Manager determined that T is a continuous random variable indicating
the project completion time. Find expected value of project completion time. The
probability density function (PDF) of T , i.e. f(t) is given by : "
0.67
4
0.56
7
1
0.77
5
Question 5
Most graduate schools of business require applicants for admission to take the
Graduate Management Admission Council s GMAT examination. Scores on the
GMAT are roughly normally distributed with a mean of 527 and a standard
deviation of 112. What is the probability of an individual scoring above 500 on the
GMAT?
0.5948
0.4941
0.6945
answer not
given
Question 6
The normal distribution when plotted obtains a symmetric curve
TRUE
FALSE
Both option a and
b
answer not given
Question 7
"Each month, an American household generates an average of 28 pounds of
newspaper for garbage or recycling. Assume the variable is approximately normally
distributed and the standard deviation is 2 pounds. If a household is selected at
random, find the probability of its generating between 27 and 31 pounds per
month"
52.54%
46.68%
98.80%
62.47%
Question 8
Negative value of Z will give negative probability value.
Yes
No
sometime
s
always
Question 9
"If a random variable has a probability distribution whose graph is continuous,
bellshaped, and symmetric, it is called as "
Hypergeometric
Distribution
Uniform Distribution
Poisson Distribution
Normal Distribution
Question 10
X is a dataset having a normal distribution with mean=80 and standard deviation of
5 is given. What is the probability P(46<x<80)?< iv="" style="font-family: "Open
Sans", sans-serif; text-shadow: none !important; letter-spacing: normal !
important;"></x<80)?<>
0.00%
1%
50.00%
None of the
above
In a standard normal distribution the probability given in the table corresponding the z value -2.00 is
0.0228
0.0238
0.0428
answer not given
Cumulative frequency graph of a continuous randome variable must have area equal to?
0
10
X is a dataset having a normal distribution with mean=80 and standard deviation of 5 is given. What is
the probability P(46
0.00%
1%
50.00%
None of the above
The normal distribution is only for discrete variables
FALSE
TRUE
Both option a and b
answer not given
umulative frequency graph of a continuous randome variable must have area equal to?
10
"An electrical firm manufactures light bulbs that have a life, before burn-out, that is normally distributed
with mean equal to 800 hours and a standard deviation of 40 hours. Find the probability that a bulb
burns between 778 and 834 hours."
11.60%
51.11%
54.60%
85.40%
B
"Each month, an American household generates an average of 28 pounds of newspaper for garbage or
recycling. Assume the variable is approximately normally distributed and the standard deviation is 2
pounds. If a household is selected at random, find the probability of its generating between 27 and 31
pounds per month"
The mean of a random variable whose PDF is f(x)=2(1-x) when 0 is less than x and x is less than 1 and the
PDF is 0 otherwise is equal to?
0.3333
0.2222
0.123
0.243
Yes
No
sometimes
always
A Project Manager determined that T is a continuous random variable indicating the project completion
time. If expected value of project completion time is0.775 then what is the probability that it will be
completed in it. The probability density function (PDF) of T , i.e. f(t) is given by : "
41.31%
50%
39.21%
100%
An electrical firm manufactures light bulbs that have a life, before burn-out, that is normally distributed
11.60%
51.11%
54.60%
85.40%
In a standard normal distribution the probability given in the table corresponding the z value 1.52 is
0.9357
0.9359
0.9657
answer not given
The mean value for standard normal distribution is
1000.00%
100.00%
0.00%
2000.00%
Top 5% of a normal distribution is present on?
left tail
right tail
center
no where
B
A certain type of storage battery lasts, on average, 3.0 years with a standard deviation of 0.5 year.
Assuming that battery life is normally distributed, find the probability that a given battery will last less
than 2.3 years"
84.51%
22.35%
12.45%
8.08%
Standard normal random variable has amean of ?
0 always
0 sometimes
never 0
0.3333
0.2222
0.123
0.243
The average number of acres burned by forest and range fires in a large New Mexico county is 4,300
acres per year, with a standard deviation of 750 acres. The distribution of the number of acres burned is
normal. What is the probability that between 2,500 and 4,200 acres will be burned in any given year?"
75.00%
51.00%
22.40%
44.01%
"In a normal distribution mean , median and mode all are not equal "
FALSE
TRUE
Both option a and b
answer not given
0.0643
0.0543
0.0743
answer not given
Probability of individual values of a continuous random variable is possible approximately equal to?
0.5
0.75
"A certain type of storage battery lasts, on average, 3.0 years with a standard deviation of 0.5 year.
than 2.3 years"
84.51%
22.35%
12.45%
8.08%
"If x = 12 , population mean = 5.6 and population standard deviation = 1.5 , the corresponding z value
will be "
4.2667
4.1667
14.2000
answer not given
0.9861
0.9368
0.8368
answer not given
"Each month, an American household generates an average of 28 pounds of newspaper for garbage or
pounds per month"
52.54%
46.68%
98.80%
62.47%
0.2981
0.2933
-0.2981
answer not give
Yes
No
sometimes
always
FALSE
TRUE
Both option a and b
answer not given
Skewness of Normal distribution is
zero
-1
answer not given
The time taken by a swimmer in completing several competitions is an example of
continous variable
discrete variable
constant
answer not given
The Edwards s Theater chain has studied its movie customers to determine how much money they
spend on concessions. The study revealed that the spending distribution is approximately normally
distributed with a mean of $4.11 and a standard deviation of $1.37. What percentage of customers will
spend less than $3.00 on concessions?
12.80%
20.90%
14.60%
88.30%
If a random variable has a probability distribution whose graph is continuous, bellshaped, and
symmetric, it is called as "
Hypergeometric Distribution
Normal Distribution
time. Find expected value of project completion time. The probability density function (PDF) of T , i.e.
f(t) is given by : "
0.674
0.567
0.775
D
The variance of a random variable whose PDF is f(x)=2(1-x) when 0 is less than x is and x is less than 1
and the PDF is 0 otherwise is equal to?
0.0555
0.0678
0.0432
"If normal random variable from a normally distributed population with mean 40 and standard deviation
5, is 49. The value of standard normal random variable will be ____________"
1.8
-1.8
2.4
-2.4
For a standard normal distribution , the value of standard deviation is"
zero
-1
answer not given
likelihood
log likelihood
area under the curve
point value
C
0.3333
0.2222
0.123
0.243
"If x = 4 , population mean = 5.6 and population standard deviation = 1.5 , the corresponding z value will
be "
-1.0667
1.0667
-16.0000
answer not given
"A Project Manager determined that T is a continuous random variable indicating the project completion
41.31%
50%
39.21%
100%
11.60%
51.11%
54.60%
85.40%
0.00%
1%
50.00%
None of the above
A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with
a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at
random is travelling at more than 100 km/hr?
8.20%
18.20%
48.20%
15.87%
Z value measures distance from mean value in terms of standard deviation.
Yes
No
sometimes
never
A
0.209
0.509
0.709
answer not given
likelihood
log likelihood
point value
The normal distribution when plotted obtains a non symmetric curve
FALSE
TRUE
Both option a and b
answer not given
Area on a normal distribution can be visualized in how many ways?
C
0.0228
0.0238
0.0428
answer not given
Yes
No
sometimes
never
FALSE
TRUE
Both option a and b
answer not given
0.0643
0.0543
0.0743
answer not given
A
"A Project Manager determined that T is a continuous random variable indicating the project completion
time. Find expected value of project completion time. The probability density function (PDF) of T , i.e.
f(t) is given by : "
0.674
0.567
0.775
be "
-1.0667
1.0667
-16.0000
answer not given
Skewness of Normal distribution is
zero
-1
answer not given
Yes
No
sometimes
always
B
"In a normal distribution mean , median and mode all are not equal "
FALSE
TRUE
Both option a and b
answer not given
If x = 9 , population mean = 5.6 and population standard deviation = 1.5 , the corresponding z value will
be "
2.2666
3.3666
-5
answer not given
If normal random variable from a normally distributed population with mean 55 and standard deviation
-1.4
1.4
2.4
-2.4
"In a normal distribution mean , median and mode all are equal "
TRUE
FALSE
Both option a and b
answer not given

A
0.0555
0.0678
0.0432
11.60%
51.11%
54.60%
85.40%
-1.5
1.5
2.4
-2.4
For a standard normal distribution , the value of mean is"
zero
1
-1
answer not given
be "
-0.2461
0.2461
-0.5
answer not given
Most graduate schools of business require applicants for admission to take the Graduate Management
Admission Council s GMAT examination. Scores on the GMAT are roughly normally distributed with a
mean of 527 and a standard deviation of 112. What is the probability of an individual scoring above 500
on the GMAT?
0.5948
0.4941
0.6945
answer not given
5, is 49. The value of standard normal random variable will be ________"
1.8
-1.8
2.4
-2.4
0.4401
0.3401
0.8401
answer not given
Question 1 of 10 Next Question Last QuestionUnsaved change Moving to another question will save this
response.
0.00%
1%
50.00%
None of the above
-1.5
1.5
2.4
-2.4
: The normal distribution is for continous variables
TRUE
FALSE
Both option a and b
answer not given
0.0643
0.0543
0.0743
answer not given
0.00%
1%
50.00%
-1.5
1.5
2.4
-2.4
likelihood
log likelihood
point value
10
likelihood
log likelihood
point value
the X value for area 89% taken from left tail to right tail?
10.78
7.34
14.13
None of the above
0.0555
0.0678
0.0432
0.0228
0.0238
0.0428
answer not given
-1.4
1.4
2.4
-2.4
n5
1.8
-1.8
2.4
-2.4
The mean value for standard normal distribution is
1000.00%
100.00%
0.00%
2000.00%
be "
2.2666
3.3666
-5
answer not given
Question 10
FALSE
TRUE
Both option a and b
answer not given
will be "
4.2667
4.1667
14.2000
answer not given
A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with
a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at
random is travelling at more than 100 km/hr?
8.20%
18.20%
48.20%
15.87%
12.80%
20.90%
14.60%
88.30%
An adult has on average 5.2 liters of blood. Assume the variable is normally distributed and has a
standard deviation of 0.3. Find the percentage of people who have less than 5.4 liters of blood in their
system
30.00%
60.00%
74.86%
59.33%
[If x = 8 , population mean = 5.6 and population standard deviation = 1.5 , the corresponding z value will
be "
1.6
1.9
2.4
answer not given
If a random variable has a probability distribution whose graph is continuous, bellshaped, and
symmetric, it is called as "
Hypergeometric Distribution
Normal Distribution
One can claim the damage from raliways within ______ of the incident
6 months
1 year
all of above
none of above
0.9357
0.9359
0.9657
answer not given
0.0228
0.0238
0.0428
answer not given
Top 5% of a normal distribution is present on?
left tail
right tail
center
no where
10
"An electrical firm manufactures light bulbs that have a life, before burn-out, that is normally distributed
11.60%
51.11%
54.60%
85.40%

TRUE
FALSE
Both option a and b
answer not given
-1.5
1.5
2.4
-2.4
41.31%
50%
39.21%
100%if
Yes
No
sometimes
always
The time taken by a swimmer in completing several competitions is an example of
continous variable
discrete variable
constant
answer not given
For a standard normal distribution , the value of mean is"
zero
1
-1
answer not given
1.8
-1.8
2.4
-2.4
be "
-0.2461
0.2461
-0.5
answer not given
0.9357
0.9359
0.9657
answer not given
Each month, an American household generates an average of 28 pounds of newspaper for garbage or
pounds per month"
52.54%
46.68%
98.80%
62.47%
TRUE
FALSE
Both option a and b
answer not given
-1.5
1.5
2.4
-2.4
will be "
5.6
11.6
14
answer not given
: In a standard normal distribution the probability given in the table corresponding the z value 0.35 is
0.6368
0.6358
0.6332
answer not given
be "
-0.4571
0.4571
-0.9000
answer not given

"A certain type of storage battery lasts, on average, 3.0 years with a standard deviation of 0.5 year.
than 2.3 years"
84.51%
22.35%
12.45%
8.08%
Sales (200,000 units @ 5 Each) 1,000,000
Variable cost 600,000
Contribution margin 400,000
Less Fixed cost 200,000
Profit before tax 200,000
Less tax 80,000
Profit after tax 120,000
Required
What is the break- even point in amount
[05/05 13:15] +92 336 1720918: Entry to a certain University is determined by a national test. The scores
on this test are normally distributed with a mean of 500 and a standard deviation of 100. Tom wants to
be admitted to this university and he knows that he must score better than at least 70% of the students
who took the test. Tom takes the test and scores 585. Will he be admitted to this university?
55.20%
75.80%
84.50%
80.23%
The speed of a car is an example of
continous variable
discrete variable
constant
answer not given
In a standard normal distribution , the value of median is?"
-1
100
he normal distribution is only for discrete variables
FALSE
TRUE
Both option a and b
answer not given
be "
2.2666
3.3666
-5
answer not given
the X value for area 89% taken from left tail to right tail?
10.78
7.34
14.13
None of the above
Question 5
In a standard normal distribution, the probability given in the table corresponding the z value -0.53 is
0.2981
0.2933
-0.2981
answer not given

Distance from mean is indicated by:
Standard Deviation
Z score
Both of the above
None of the above
Probability of individual values of a continuous random variable is possible approximately equal to?
0.5
0.75
-1.4
1.4
2.4
-2.4
0.3333
0.2222
0.123
0.243
10
If the variance of the sample mean is 10, and the sample size is 55, what is the standard deviation of the
population of X values?"
2.331
23.4521
21.301
22.222
0.6368
0.6358
0.6332
answer not given
FALSE
TRUE
Both option a and b
answer not given
750
790
-450
-300
41.31%
50%
39.21%
100%
Discrete data are made continuous by using
class boundaries
class intervals
cumulative frequency
probability
0.3333
0.2222
0.123
0.243
Yes
No
sometimes
never
respectively"
11.5
4.5
9.5
14.5
0.00%
1%
50.00%
None of the above

If the probability that a bomb dropped from a place will strike the target is 60% and if 10 bombs are
"0.6, 0.24"
"6, 2.4"
"0.4, 0.16"
"4, 1.6"
12.80%
20.90%
14.60%
88.30%
be "
2.2666
3.3666
-5
answer not given
likelihood
log likelihood
point value
0.9357
0.9359
0.9657
answer not given

Find the exoected number of Jazz records when 4 records are selected at random from a collection
0.2981
0.2933
-0.2981
answer not given
Find the critical value for a right-tailed test with alpha = 0.005
0.445
0.235
0.995
0.886
A long work of fiction is called_____ .
novella
fable
novel
short story
During a particular period, a university s information technology office received 20 service orders for
problems with printers, of which 8 were laser printers and 12 were inkjet models. A sample of 5 of these
service orders is to be selected for inclusion in a customer satisfaction survey. Suppose that the 5 are
selected in a completely random fashion, so that any particular sample or subset of size 5 has the same
chance of being selected as does any other subset. What then is the probability that exactly 2 of the
selected service orders were for inkjet printers?"
0.0348
0.348
0.328
0.238
If the variance of the sample mean is 10, and the sample size is 55, what is the standard deviation of the
population of X values?"
2.331
23.4521
21.301
22.222
Find the variance of f(x), where f(x) = 4X+4. The probability distribution of a random variable X ; if X = 7,
11
37.5
42
37.6
"According to the central limit theorem, the sampling distribution of the sample mean can be
approximated by the normal distribution as the"
"number of samples gets ""large enough"""
"sample size gets ""large enough"""
population standard deviation increases
sample standard deviation decreases
If Type 1 error increases then Type 2 error?
remains unchanged
decreases
increases
None of the above
1925
6364
63.64
3500
Find the variance of f(x), where f(x) = 6X+6. The probability distribution of a random variable X ; if X = 8,
10, 11, 12, 13 and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1 respectively"
11
37.5
42
84.6
The normal distribution is for continous variables
TRUE
FALSE
Both option a and b
answer not given
Standard normal random variable has amean of ?
0 always
0 sometimes
never 0
0.1149
Answer not given
().2249
0.0004
sequence) without replacement in between the trials, then expected mean of green balls picked can
be?"
1.234
1.1428
2.5
3.14
Consider the variables x and y, calculate the variatios which cannot be explained by regression equation
y=b1x+bo : x=9,7,2 and y=3,4,5."
0.115
-0.115
0.234
0.768
If the variance of X is equals 25 and the sample size n=6, the population variance is: "
33
45
150
23
A survey found that one out of five Americans says he or she has visited a doctor in any given month. If
10 people are selected at random, find the probability that exactly 3 will have visited a doctor last
month."
0.201
0.457
0.896
0.997
If the probability of hitting the target is 0.4, find mean and variance."
"0.4, 0.24"
"0.6, 0.24"
"0.4, 0.16"
"0.6, 0.16"
Normal distribution is symmetric about?
Covariance
variance
Mean
Srandard Deviation
2.388
3.388
1.388
4.388
"Find the expectation of a random variable X? if X = 9, 11, 12, 13, 14, and P(X) = 0.2, 0.25, 0.3, 0.15, 0.1
respectivley "
11.5
4.5
9.5
14.5
-2
"Long term statistics tell us, that the chance for passing the final statistics exam is 0.3. Let us consider a
class of 25 students. What is the chance that exactly 3 students of that particular class will pass the final
statistics exam? "
0.0534
0.02427
0.03434
0.02345
Suppose that local train speeds at an interstate location have a normal distribution with a mean equal to
70 mph and standard deviation equal to 8 mph. What is the z-score for a speed of 64 mph
0.75
-0.75
0.65
-0.65
Find the expectation of a random variable X? If X = 0, 1, 2, 3, and P(x) = 1/6, 2/6, 2/6, 1/6 respectively "
0.5
1.5
2.5
3.5
be "
-0.4571
0.4571
-0.9000
answer not given
FALSE
TRUE
Both option a and b
answer not given
Find the critical value for a right-tailed test with alpha = 0.005
0.445
0.235
0.995
0.886
A survey found that one out of five Americans says he or she has visited a doctor in any given month. If
10 people are selected at random, find the probability that exactly 3 will have visited a doctor last
month."
0.201
0.457
0.896
0.997
A random variable that assume a infinite or a uncountably infinite number of values is called _____
uncertain variable
uncertain variable
Pulse rates of adult men are approximately normal with a mean of 70 and a standard deviation of 8.
Which choice correctly describes how to find the proportion of men that have a pulse rate greater than
78?
Find the area to the left of z = 1 under a standard normal curve
Find the area between z = ?1 and z = 1 under a standard normal curve.
Find the area to the right of z =1 under a standard normal curve.
Find the area to the right of z = ?1 under a standard normal curve
0.4401
0.3401
0.8401
answer not given
Relative frequency of a random variable value is is the probability of occurance of that value in the
sample sapce.
Yes
Nominal
Sometimes
Never
A researcher believes that the mean age of medical doctors in a large hospital system is older than the
average age of doctors in the United States, which is 46. Assume the population standard deviation is
4.2 years. A random sample of 30 doctors from the system is selected, and the mean age of the sample
is 48.6. Test the claim at alpha = 0.05."
Average age of the doctors in the system is lesser than the national average of 46.
Average age of the doctors in the system cannot be specified.
Average age of the doctors in the system is greater than the national average of 46.
None of the above
If the values taken by a random variable are negative, the negative values will have _____"
positive probability
negative probability
no probability
insufficient data
Using a 95% confidence interval instead of a 98% confidence interval for the same population and
sample, will give a confidence interval which is:"
Narrower
Wider
Same width
Same value
F distribution is?
normal
positive skewed
negative skewed
exponential
0.0555
0.0678
0.0432
11.60%
51.11%
54.60%
85.40%
5, is 48. The value of standard normal random variable will be ____"
-1.4
1.4
2.4
-2.4
12.80%
20.90%
14.60%
88.30%
0 or 1
"0, 1 or 2"
1 or 3
I or 2
Most graduate schools of business require applicants for admission to take the Graduate Management
Admission Council s GMAT examination. Scores on the GMAT are roughly normally distributed with a
mean of 527 and a standard deviation of 112. What is the probability of an individual scoring above 500
on the GMAT?
0.5948
0.4941
0.6945
answer not given
Consider the variables x and y , calculate the coefficient slope for the regression equation y=b1x+bo :
x=9,7,2 and y=3,4,5."
-0.269
0.269
0.159
0.2
0.1
0.21
Ordinal
Nominal
Continuous
Ratio
Distance from mean is indicated by:
Standard Deviation
Z score
Both of the above
None of the above
If Ho is true but hypothesis test shows its fase then this is ?
TRUE
False Positive
False Negative
True Negative
D
What statistical paramter is calculated in the Analysis of Variances (ANOVA)?
F ratios
Chi square
T-score
Z-score

Expected Values and Probability Problems

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Expected Values and Probability Problems

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1.

12. In binomial experiments we divide population in how many categories?

In binomial experiments we divide population in how many categories?

In hypergeometric experiments trials are?

Compute the probablity of getting 5 in 3 trails if a fair dice is tossed 14 times.

In hypergeometric experiments random variable is?

success in the sample

success in the trial

failure in the sample

failure in the trial

In (2 less than X less than 8), X is a "

continuous random variable

discrete random variable

In hypergeopmetric experiments we divide population in how many categories?

Compute the probablity of getting 5 in 6 trails if a fair dice is tossed 10 times.

Answer not given

"If E(x) = 2 and E(z) = 4, then E(z x) =?"

Error margin is obtained by

adding error to mean

subtracting error from mean

adding and subtracting error from mean

In law of variances, individual variances are always"

of mobile sets is an example of

12. In binomial experiments we divide population in how many categories?

14. Average values is always

In binomial experiments we divide population in how many categories?

Compute the probablity of getting 5 in 3 trails if a fair dice is tossed 14 times.

In hypergeometric experiments random variable is?

success in the sample

success in the trial

failure in the sample

failure in the trial

continuous random variable

discrete random variable

In hypergeopmetric experiments we divide population in how many categories?

A coin is tossed 15 times, what is the probability of getting 7 tails ?"

Compute the probablity of getting 5 in 6 trails if a fair dice is tossed 10 times.

Answer not given

Error margin is obtained by

adding error to mean

subtracting error from mean

adding and subtracting error from mean

not considering error

In law of variances, individual variances are always"

Number of mobile sets is an example of

Compute the probablity of getting 5 in 6 trails if a fair dice is tossed 10 times.

Answer not given

"In a discrete probability distribution, the sum of all probabilities is always?"

"In law of variances, individual variances are always"

Average values is always

answer not given

None of the above

The normal distribution is only for discrete variables

Both option a and b

answer not given

Negative value of Z will give negative probability value.

answer not given

The mean value for standard normal distribution is

Top 5% of a normal distribution is present on?

Standard normal random variable has amean of ?

Both option a and b

answer not given