MINISTRY OF EDUCATION AND TRAINING FINAL EXAM

NATIONAL ECONOMICS UNIVERSITY Subject: Prob. & Stat for Business and Economics
Program: DSU Intake: 6 Class:DSU
Venue: National Economics University
Date: 19 / 1 /2022 Shift:
Time limit: 90 minutes
FACULTY OF BUSINESS MANAGEMENT
Programme of Associating Education NEU and
DONGSEO – Korea (DSU)

EXAM CODE 1
Câu 1: (2 điểm) According to a survey of American households, the probability that the residents
own 2 cars if annual household income is over $25,000 is 80%. Of the households surveyed, 60%
had incomes over $25,000 and 70% had 2 cars.
a. What is the probability that the residents of a household own 2 cars and have an income
over $25,000 a year?
b. What is the probability that annual household income is over $25,000 if the residents of a
household own 2 cars?
Câu 2: (2 điểm) The on-line access computer service industry is growing at an extraordinary rate.
Current estimates suggest that only 20% of the home-based computers have access to on-line
services. This number is expected to grow quickly over the next 5 years. Suppose 20 people with
home-based computers were randomly and independently sampled. Find the probability that more
than 15 of those sampled currently do not have access to on-line services.
Câu 3: (2 điểm) A catalog company that receives the majority of its orders by telephone conducted
a study to determine how long customers were willing to wait on hold before ordering a product.
The length of time was found to be a random variable best approximated by an exponential
distribution with a mean equal to 3 minutes. Find the waiting time at which only 10% of the
customers will continue to hold.
Câu 4: (2 điểm) A quality control engineer is interested in estimating the proportion of defective
items coming off a production line. In a sample of 300 items, 27 are defective. Find a 90%
confidence interval for the proportion of defectives from this production line.
Câu 5: (2 điểm) A real estate company is interested in testing whether, on average, families in
Gotham have been living in their current homes for less time than families in Metropolis have.
Assume that the two population variances are equal. A random sample of 100 families from
Gotham and a random sample of 150 families in Metropolis yield the following data on length of
residence in current homes.
Gotham: 𝑥̅𝐺 = 35 months, 𝑠𝐺2 = 900; Metropolis: 2
𝑥̅𝑀 = 50 months, 𝑠𝑀 = 1050 months
What is the result of the relevant hypothesis test with 0.05 level of significance?

Note: Open - book exam