(ISOM2500)[2019](f)quiz~jshihaa^_38230.pdf downloaded by yzhanglq from http://petergao.net/ustpastpaper/down.php?course=ISOM2500&id=13 at 2021-12-08 06:11:59. Academic use within HKUST only.

1. B
Solution:
10 × ℎ
=1
2
ℎ = 0.2

2. C

3. C
Solution:
Denote 𝑋 as the random variable.
32 − 32.5
Pr(𝑋 < 32) = Pr (𝑍 < ) = Pr(𝑍 < −1) = 0.1587 ≈ 0.16
0.5

4. C

5. C
Solution:
𝑧0.1 = 2.325
1.6452 × 3002
𝑛≥
202
𝑛 ≥ 608.8556
The minimum value is 650.

6. B

7. B
Solution:
𝑧0.025 = 1.96
5 5
The 95% confidence interval: [50 − 1.96 × , 50 + 1.96 × ] = [48.775, 51.225]
√64 √64

8. D

9. D
Solution:
𝑧0.025 = 1.96
95% confidence interval:
1.96 × 40 1.96 × 40
[780 − , 780 + ] = [766, 794]
√30 √30

10. A
(ISOM2500)[2019](f)quiz~jshihaa^_38230.pdf downloaded by yzhanglq from http://petergao.net/ustpastpaper/down.php?course=ISOM2500&id=13 at 2021-12-08 06:11:59. Academic use within HKUST only.

11. B
Solution:
Denote 𝑋 as the random variable.
𝑘 − 0.1
Pr(𝑋 < 𝑘) = Pr (𝑍 < ) = 0.05
0.35
From the table, the 𝑧 score is -1.65
𝑘 − 0.1
= −1.65
0.35
𝑘 = −0.4775
VaR=500000 × 0.4775 = 238750 ≈ 237875

12. C
Solution:
40
𝑝̂ = = 0.4
100
From the table, the 𝑧 score is 2.57
99% confidence interval:
0.4 × (1 − 0.4) 0.4 × (1 − 0.4)
[0.4 − 2.57 × √ , 0.4 + 2.57 × √ ] = [0.2741, 0.5259]
100 100

13. C

14. B
Solution:
From the table, the 𝑧 score is 1.645
90% confidence interval:
0.68 × (1 − 0.68) 0.68 × (1 − 0.68)
[0.68 − 1.645 × √ , 0.68 + 1.645 × √ ]
100 100
= [0.6033, 0.7567]

15. C

16. A
Solution:
𝑃(𝑋 < 𝑘) = 0.1
𝑋 − 6.3 𝑘 − 6.3
𝑃( < ) = 0.1
2.2 2.2
𝑘 − 6.3
= −1.28
2.2
𝑘 = 3.484
(ISOM2500)[2019](f)quiz~jshihaa^_38230.pdf downloaded by yzhanglq from http://petergao.net/ustpastpaper/down.php?course=ISOM2500&id=13 at 2021-12-08 06:11:59. Academic use within HKUST only.

17. B
Solution:
From the table, the 𝑡 value is 2.861
99% confidence interval:
5 5
[173 − 2.861 × , 173 + 2.861 × ] = [169.8013, 176.1986]
√20 √20

18. A
Solution:
𝑝(1 − 𝑝)
𝑝̂ ~𝑁(𝑝, )
𝑛

0.08 − 0.1
Pr(𝑝̂ < 0.08) = Pr 𝑍 < = Pr(𝑍 < −1.33) = 0.0918
√0.1 × (1 − 0.1)
( 400 )

19. C
Solution:
From the table, the 𝑧 score is 1.96
1.962 × 162
𝑛≥
52
𝑛 ≥ 39.3380

20. C
Solution:
Denote 𝑋 as the random variable.
Pr(𝑋 ≤ 𝑘) = 0.1
𝑋 − 26 𝑘 − 26
Pr ( ≤ ) = 0.1
2.5 2.5
𝑘 − 26
= −1.28
2.5
𝑘 = 22.8