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Essentials of Business Analytics Study Set 1
Quiz 5: Probability: an Introduction to Modeling Uncertainty
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Question 21
Short Answer
A nickel and a dime are tossed. If an event is defined as a single toss of both coins where at least one head appears, what is the complement of that event?
Question 22
Multiple Choice
Fast food restaurants pride themselves in being able to fill orders quickly. A study was done at a local fast food restaurant to determine how long it took customers to receive their order at the drive thru. It was discovered that The time it takes for orders to be filled is exponentially distributed with a mean of 1.5 minutes. What is the probability that it takes less than one minute to fill an order?
Question 23
Multiple Choice
The newest model of smart car is supposed to get excellent gas mileage. A thorough study showed that gas mileage (measured in miles per gallon) is normally distributed with a mean of 75 miles per gallon and a standard deviation of 10 miles per gallon. What is the probability that, if driven normally, the car will get 100 miles per gallon or better?
Question 24
Short Answer
A nickel and a dime are tossed. How many possible outcomes are in this event?
Question 25
Multiple Choice
Fast food restaurants pride themselves in being able to fill orders quickly. A study was done at a local fast food restaurant to determine how long it took customers to receive their order at the drive thru. It was discovered that the time it takes for orders to be filled is exponentially distributed with a mean of 1.5 minutes. What is the probability density function for the time it takes to fill an order? ??
Question 26
Short Answer
Consider a random experiment of rolling 2 dice. The sample space for rolling two dice is shown. Let S be the set of all ordered pairs listed in the figure. What is probability of rolling a sum larger than 10?
Question 27
Multiple Choice
A health conscious student faithfully wears a device that tracks his steps. Suppose that the distribution of the number of steps he takes is normally distributed with a mean of 10,000 and a standard deviation of 1,500 steps. One day he took 15,000 steps. What was his percentile on that day?
Question 28
Short Answer
Consider a random experiment of rolling 2 dice. The sample space for rolling two dice is shown. Let S be the set of all ordered pairs listed in the figure. What is probability of rolling a 7?