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Business Statistics Study Set 1
Quiz 5: Discrete Probability Distributions
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Question 41
True/False
A warehouse contains 5 parts made by the Stafford Company and 8 parts made by the Wilson Company. If an employee selects 3 of the parts from the warehouse at random, the probability that all 3 parts are from the Wilson Company is approximately .1958.
Question 42
True/False
The number of customers who arrive at a fast food business during a one-hour period is known to be Poisson distributed with a mean equal to 8.60. The probability that exactly 8 customers will arrive in a one-hour period is 0.1366.
Question 43
True/False
The primary difference between the binomial distribution and the Poisson distribution is that the Poisson is used to describe a continuous random variable and the binomial is used for discrete random variables.