Deck 7: Continuous Probability Distributions

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Question
A continuous uniform distribution U(0, 800) will have μ = 400 and σ = 230.94.
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Question
The mean, median, and mode of a normal distribution will always be the same.
Question
We would use a normal distribution to model the waiting time until the next Florida hurricane strike.
Question
For a continuous uniform distribution U(200, 400), the parameters are μ = 300 and σ = 100.
Question
The triangular distribution is symmetric.
Question
There is a simple formula for normal areas, but we prefer a table for greater accuracy.
Question
If arrivals follow a Poisson distribution, waiting times follow the exponential distribution.
Question
A continuous uniform distribution U(100, 200) will have the same standard deviation as a continuous uniform distribution U(200,300).
Question
A continuous uniform distribution is always symmetric.
Question
The exponential distribution is continuous and the Poisson distribution is discrete, yet the two distributions are closely related.
Question
A triangular distribution can be skewed either left or right.
Question
The height and width of a continuous uniform distribution's PDF are the same.
Question
The triangular distribution T(0, 10, 20) is skewed left.
Question
Any normal distribution has a mean of 0 and a standard deviation of 1.
Question
For a continuous random variable, the total area beneath the PDF will be greater than zero but less than one.
Question
Normal distributions differ only in their means and variances.
Question
The triangular distribution is used in "what-if" analysis for business planning.
Question
Experience suggests that 4 percent of all college students had a tonsillectomy. In a sample of 300 college students, we need to find the probability that at least 10 had a tonsillectomy. It is acceptable to use the normal distribution to estimate this probability.
Question
The exponential distribution describes the number of arrivals per unit of time.
Question
The exponential distribution is always skewed right.
Question
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. What is P(30 ≤ X ≤ 40)?

A).20
B).40
C).60
D).80
Question
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, the standard deviation of the amount of water dispensed is about:

A)1.73 ounces.
B)3.00 ounces.
C)0.57 ounce.
D)3.51 ounces.
Question
If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting less than 0.5 hour for the next arrival is:

A).7122.
B).8105.
C).8347.
D).7809.
Question
If arrivals occur at a mean rate of 2.6 events per minute, the exponential probability of waiting more than 1.5 minutes for the next arrival is:

A).0202.
B).0122.
C).0535.
D).2564.
Question
The true proportion of accounts receivable with some kind of error is 4 percent for Venal Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the normal approximation to estimate the probability that fewer than two will contain errors.
Question
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. The mean of this distribution is:

A)30.5.
B)31.5.
C)32.5.
D)33.5.
Question
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. The standard deviation of this distribution is approximately:

A)52.1.
B)32.5.
C)6.85.
D)7.22.
Question
The number of lightning strikes in a day in Miami is a continuous random variable.
Question
If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting more than 0.5 hour for the next arrival is:

A).2407.
B).1653.
C).1222.
D).5000.
Question
The area under an exponential curve can exceed 1 because the distribution is right-skewed.
Question
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, what is the probability that 13 or more ounces will be dispensed in a given glass?

A).1666
B).3333
C).5000
D).6666
Question
The normal distribution is a good approximation to the binomial if both π ≥ 10 and n ≥ 10.
Question
The normal distribution is a good approximation to the binomial if n = 200 and π = .03.
Question
If arrivals occur at a mean rate of 1.6 events per minute, the exponential probability of waiting less than 1 minute for the next arrival is:

A).2019.
B).7104.
C).8812.
D).7981.
Question
The Excel function =40*RAND() would generate random numbers with standard deviation approximately equal to

A)13.33.
B)20.00.
C)11.55.
D)19.27.
Question
The exponential distribution can be either right-skewed or left-skewed, depending on λ
Question
The area under a normal curve is 1 only if the distribution is standardized N(0, 1).
Question
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, the average amount of water dispensed by the machine is:

A)12 ounces.
B)13 ounces.
C)14 ounces.
D)16 ounces.
Question
The normal is a good approximation to the binomial when n is greater than or equal to 10.
Question
The normal distribution is a good approximation to the binomial if n = 25 and π = .50.
Question
The area under the normal curve between z = 0 and z = 1 is ______________ the area under the normal curve between z = 1 and z = 2.

A)less than
B)greater than
C)equal to
Question
Exam scores were normal in BIO 200. Jason's exam score was one standard deviation above the mean. What percentile is he in?

A)68th
B)75th
C)78th
D)84th
Question
A large number of applicants for admission to graduate study in business are given an aptitude test. Scores are normally distributed with a mean of 460 and standard deviation of 80. What fraction of applicants would you expect to have scores of 600 or above?

A)0.0401
B)0.4599
C)0.5401
D)0.0852
Question
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. What percentage of customers require less than 32 minutes for a simple haircut?

A)95.99 percent
B)99.45 percent
C)97.72 percent
D)45.99 percent Using Excel =NORMDIST(32,25,4,1) = 0.9599, or use z = (32 - 25)/4 = 1.75 with AppendixC.
Question
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. What proportion of brook trout caught will be between 12 and 18 inches in length?

A).6563
B).6826
C).2486
D).4082
Question
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. What lower limit should the State Game Commission set on length if it is desired that 80 percent of the catch may be kept by fishers?

A)12.80 inches
B)11.48 inches
C)12.00 inches
D)9.22 inches Using Excel =NORM.INV(.20,14,3) = 11.475, or X = 14 - 0.84(3) = 11.48 using AppendixC.
Question
A large number of applicants for admission to graduate study in business are given an aptitude test. Scores are normally distributed with a mean of 460 and standard deviation of 80. What fraction of the applicants would you expect to have a score of 400 or above?

A)0.2734
B)0.7734
C)0.7266
D)0.7500
Question
The price-earnings ratio for firms in a given industry follows the normal distribution. In this industry, a firm whose price-earnings ratio has a standardized value of z = 1.00 is approximately in the highest ______ percent of firms in the industry.

A)16 percent
B)34 percent
C)68 percent
D)75 percent
Question
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. The first quartile for the lengths of brook trout would be:

A)16.01 inches.
B)11.00 inches.
C)11.98 inches.
D)10.65 inches.Using Excel =NORM.INV(.25,14,3) = 11.98, or Q1 = 14 - 0.675(3) = 11.975 using AppendixC.
Question
Compared to the area between z = 1.00 and z = 1.25, the area between z = 2.00 and z = 2.25 in the standard normal distribution will be:

A)smaller.
B)larger.
C)the same.
D)impossible to compare without knowing μ and σ.
Question
Bob's z-score for the last exam was 1.52 in Prof. Axolotl's class BIO 417, "Life Cycle of the Ornithorhynchus." Bob said, "Oh, good, my score is in the top 10 percent." Assuming a normal distribution of scores, is Bob right?

A)Yes.
B)No.
C)Must have n to answer.
Question
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. What is the third quartile (in minutes) for the time required to complete the form?

A)44.75
B)46.75
C)47.50
D)52.50 Using Excel =NORM.INV(.75,40,10) = 46.75, or Q3 = 40 + 0.675(10) = 46.75 using AppendixC.
Question
The probability is .80 that a standard normal random variable is between -z and +z. The value of z is approximately:

A)1.28.
B)1.35.
C)1.96.
D)1.45.
Question
The MPG (miles per gallon) for a certain compact car is normally distributed with a mean of 31 and a standard deviation of 0.8. What is the probability that the MPG for a randomly selected compact car would be less than 32?

A)0.3944
B)0.8944
C)0.1056
D)0.5596
Question
If the random variable Z has a standard normal distribution, then P(1.25 ≤ Z ≤ 2.17) is:

A)0.0906.
B)0.9200.
C)0.4700.
D)0.3944.
Question
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. The slowest 10 percent of the citizens would need at least how many minutes to complete the form?

A)27.2
B)35.8
C)52.8
D)59.6 Using Excel =NORM.INV(.90,40,10) = 52.82, or 40 + 1.282(10) = 52.82 using AppendixC.
Question
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. For a simple haircut, the middle 90 percent of the customers will require:

A)between 18.4 and 31.6 minutes.
B)between 19.9 and 30.1 minutes.
C)between 20.0 and 30.0 minutes.
D)between 17.2 and 32.8 minutes.
Question
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. The slowest quartile of customers will require longer than how many minutes for a simple haircut?

A)3(n + 1)/4 minutes
B)26 minutes
C)25.7 minutes
D)27.7 minutes Using Excel =NORM.INV(.75,25,4) = 27.698, or Q3 = 25 + 0.675(4) = 27.7 using AppendixC.
Question
A student's grade on an examination was transformed to a z value of 0.67. Assuming a normal distribution, we know that she scored approximately in the top:

A)15 percent.
B)50 percent.
C)40 percent.
D)25 percent.
Question
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. What proportion of the citizens will require less than one hour?

A)0.4772
B)0.9772
C)0.9974
D)0.9997
Question
Bob's z-score for the last exam was -1.15 in FIN 417, "Capital Budgeting Strategies." Bob said, "Yipe! My score is within the bottom quartile." Assuming a normal distribution, is Bob right?

A)Yes
B)No
C)Must know the class size to answer
Question
What are the mean and standard deviation for the standard normal distribution?

A)μ = 0, σ = 0
B)μ = 1, σ = 1
C)μ = 1, σ = 0
D)μ = 0, σ = 1
Question
Which probability model is most appropriate to describe the waiting time (working days) until an office photocopier breaks down (i.e., requires unscheduled maintenance)?

A)Normal
B)Uniform
C)Exponential
D)Poisson
Question
Which model best describes your waiting time until you get the next nonworking web URL ("This page cannot be displayed") as you click on various websites for Florida condo rentals?

A)Triangular
B)Uniform
C)Normal
D)Exponential
Question
Any two normal curves are the same except for their:

A)standard deviations.
B)means.
C)standard deviations and means.
D)standard deviations, means, skewness, and kurtosis.
Question
Assume that X is normally distributed with a mean μ = $64. Given that P(X ≥ $75) = 0.2981, we can calculate that the standard deviation of X is approximately:

A)$20.76.
B)$13.17.
C)$5.83.
D)$7.05.
Question
The random variable X is normally distributed with mean of 80 and variance of 36. The 67th percentile of the distribution is:

A)72.00.
B)95.84.
C)90.00.
D)82.64.
Question
If the mean time between unscheduled maintenance of LCD displays in a hospital's CT scan facility is 4,000 operating hours, what is the probability of unscheduled maintenance in the next 5,000 hours?

A).8000
B).7135
C).2865
D).5000
Question
A certain assembly line at Vexing Manufacturing Company averages 30 minutes between breakdowns. What is the probability that less than 6 minutes will elapse before the next breakdown?

A).8187
B).0488
C).1813
D).2224
Question
The area under the normal curve between the 20th and 70th percentiles is equal to:

A)0.7000.
B)0.5000.
C) 0.9193.
Logically, this must be .70 - .20 = .50, as you can verify from Appendix
Question
On average, 15 minutes elapse between discoveries of fraudulent corporate tax returns in a certain IRS office. What is the probability that less than 30 minutes will elapse before the next fraudulent corporate tax return is discovered?

A).1353
B).6044
C).7389
D).8647
Question
A certain assembly line at Vexing Manufacturing Company averages 30 minutes between breakdowns. The median time between breakdowns is:

A)30.0 minutes.
B)35.7 minutes.
C)25.4 minutes.
D)20.8 minutes.
Question
Light bulbs are normally distributed with an average lifetime of 1000 hours and a standard deviation of 250 hours. The probability that a light bulb picked at random will last less than 1500 hours is about:

A)97.72 percent.
B)95.44 percent.
C)75.00 percent.
D)68.00 percent.
Question
Regarding continuous probability distributions, which statement is incorrect?

A)The triangular distribution may be skewed left or right.
B)The uniform distribution is never skewed.
C)The normal distribution is sometimes skewed.
D)The exponential distribution is always skewed right.
Question
If the random variable Z has a standard normal distribution, then P(Z ≤ -1.37) is:

A)0.9147.
B)0.4147.
C)0.5016.
D)0.0853.
Question
If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, the 90th percentile of waiting times to the next shutdown will be:

A)20,180 hours.
B)28,782 hours.
C)23,733 hours.
D)18,724 hours.
Question
To convert a normally distributed variable X into a standard Z score we would:

A)subtract the mean from the original observation and divide the result by the variance.
B)subtract the mean from the original observation and divide the result by the standard deviation.
C)add the mean and the original observation, then divide by the variance.
D)subtract the mean from the standard deviation and divide by the variance.
Question
The variable in a normal distribution can assume any value between

A)-3 and +3.
B)-4 and +4.
C)-1 and +1.
D)-∞ and +∞.
Question
The standard deviation of a normal random variable X is $20. Given that P(X ≤ $10) = 0.1841. From this we can determine that the mean of the distribution is equal to:

A)$13.
B)$26.
C)$20.
D)$28.
Question
On average, a major earthquake (Richter scale 6.0 or above) occurs 3 times a decade in a certain California county. What is the probability that less than six months will pass before the next earthquake?

A).1393
B).8607
C).0952
D).9048
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Deck 7: Continuous Probability Distributions
1
A continuous uniform distribution U(0, 800) will have μ = 400 and σ = 230.94.
True
2
The mean, median, and mode of a normal distribution will always be the same.
True
3
We would use a normal distribution to model the waiting time until the next Florida hurricane strike.
False
4
For a continuous uniform distribution U(200, 400), the parameters are μ = 300 and σ = 100.
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5
The triangular distribution is symmetric.
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6
There is a simple formula for normal areas, but we prefer a table for greater accuracy.
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7
If arrivals follow a Poisson distribution, waiting times follow the exponential distribution.
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8
A continuous uniform distribution U(100, 200) will have the same standard deviation as a continuous uniform distribution U(200,300).
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9
A continuous uniform distribution is always symmetric.
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10
The exponential distribution is continuous and the Poisson distribution is discrete, yet the two distributions are closely related.
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11
A triangular distribution can be skewed either left or right.
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12
The height and width of a continuous uniform distribution's PDF are the same.
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13
The triangular distribution T(0, 10, 20) is skewed left.
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14
Any normal distribution has a mean of 0 and a standard deviation of 1.
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15
For a continuous random variable, the total area beneath the PDF will be greater than zero but less than one.
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16
Normal distributions differ only in their means and variances.
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17
The triangular distribution is used in "what-if" analysis for business planning.
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18
Experience suggests that 4 percent of all college students had a tonsillectomy. In a sample of 300 college students, we need to find the probability that at least 10 had a tonsillectomy. It is acceptable to use the normal distribution to estimate this probability.
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19
The exponential distribution describes the number of arrivals per unit of time.
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20
The exponential distribution is always skewed right.
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21
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. What is P(30 ≤ X ≤ 40)?

A).20
B).40
C).60
D).80
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22
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, the standard deviation of the amount of water dispensed is about:

A)1.73 ounces.
B)3.00 ounces.
C)0.57 ounce.
D)3.51 ounces.
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23
If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting less than 0.5 hour for the next arrival is:

A).7122.
B).8105.
C).8347.
D).7809.
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24
If arrivals occur at a mean rate of 2.6 events per minute, the exponential probability of waiting more than 1.5 minutes for the next arrival is:

A).0202.
B).0122.
C).0535.
D).2564.
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25
The true proportion of accounts receivable with some kind of error is 4 percent for Venal Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the normal approximation to estimate the probability that fewer than two will contain errors.
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26
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. The mean of this distribution is:

A)30.5.
B)31.5.
C)32.5.
D)33.5.
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27
A random variable X is best described by a continuous uniform distribution from 20 to 45 inclusive. The standard deviation of this distribution is approximately:

A)52.1.
B)32.5.
C)6.85.
D)7.22.
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28
The number of lightning strikes in a day in Miami is a continuous random variable.
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29
If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting more than 0.5 hour for the next arrival is:

A).2407.
B).1653.
C).1222.
D).5000.
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30
The area under an exponential curve can exceed 1 because the distribution is right-skewed.
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31
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, what is the probability that 13 or more ounces will be dispensed in a given glass?

A).1666
B).3333
C).5000
D).6666
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32
The normal distribution is a good approximation to the binomial if both π ≥ 10 and n ≥ 10.
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33
The normal distribution is a good approximation to the binomial if n = 200 and π = .03.
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34
If arrivals occur at a mean rate of 1.6 events per minute, the exponential probability of waiting less than 1 minute for the next arrival is:

A).2019.
B).7104.
C).8812.
D).7981.
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35
The Excel function =40*RAND() would generate random numbers with standard deviation approximately equal to

A)13.33.
B)20.00.
C)11.55.
D)19.27.
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36
The exponential distribution can be either right-skewed or left-skewed, depending on λ
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37
The area under a normal curve is 1 only if the distribution is standardized N(0, 1).
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38
A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, the average amount of water dispensed by the machine is:

A)12 ounces.
B)13 ounces.
C)14 ounces.
D)16 ounces.
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39
The normal is a good approximation to the binomial when n is greater than or equal to 10.
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40
The normal distribution is a good approximation to the binomial if n = 25 and π = .50.
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41
The area under the normal curve between z = 0 and z = 1 is ______________ the area under the normal curve between z = 1 and z = 2.

A)less than
B)greater than
C)equal to
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42
Exam scores were normal in BIO 200. Jason's exam score was one standard deviation above the mean. What percentile is he in?

A)68th
B)75th
C)78th
D)84th
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43
A large number of applicants for admission to graduate study in business are given an aptitude test. Scores are normally distributed with a mean of 460 and standard deviation of 80. What fraction of applicants would you expect to have scores of 600 or above?

A)0.0401
B)0.4599
C)0.5401
D)0.0852
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44
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. What percentage of customers require less than 32 minutes for a simple haircut?

A)95.99 percent
B)99.45 percent
C)97.72 percent
D)45.99 percent Using Excel =NORMDIST(32,25,4,1) = 0.9599, or use z = (32 - 25)/4 = 1.75 with AppendixC.
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45
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. What proportion of brook trout caught will be between 12 and 18 inches in length?

A).6563
B).6826
C).2486
D).4082
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46
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. What lower limit should the State Game Commission set on length if it is desired that 80 percent of the catch may be kept by fishers?

A)12.80 inches
B)11.48 inches
C)12.00 inches
D)9.22 inches Using Excel =NORM.INV(.20,14,3) = 11.475, or X = 14 - 0.84(3) = 11.48 using AppendixC.
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47
A large number of applicants for admission to graduate study in business are given an aptitude test. Scores are normally distributed with a mean of 460 and standard deviation of 80. What fraction of the applicants would you expect to have a score of 400 or above?

A)0.2734
B)0.7734
C)0.7266
D)0.7500
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48
The price-earnings ratio for firms in a given industry follows the normal distribution. In this industry, a firm whose price-earnings ratio has a standardized value of z = 1.00 is approximately in the highest ______ percent of firms in the industry.

A)16 percent
B)34 percent
C)68 percent
D)75 percent
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49
The lengths of brook trout caught in a certain Colorado stream are normally distributed with a mean of 14 inches and a standard deviation of 3 inches. The first quartile for the lengths of brook trout would be:

A)16.01 inches.
B)11.00 inches.
C)11.98 inches.
D)10.65 inches.Using Excel =NORM.INV(.25,14,3) = 11.98, or Q1 = 14 - 0.675(3) = 11.975 using AppendixC.
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50
Compared to the area between z = 1.00 and z = 1.25, the area between z = 2.00 and z = 2.25 in the standard normal distribution will be:

A)smaller.
B)larger.
C)the same.
D)impossible to compare without knowing μ and σ.
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51
Bob's z-score for the last exam was 1.52 in Prof. Axolotl's class BIO 417, "Life Cycle of the Ornithorhynchus." Bob said, "Oh, good, my score is in the top 10 percent." Assuming a normal distribution of scores, is Bob right?

A)Yes.
B)No.
C)Must have n to answer.
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52
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. What is the third quartile (in minutes) for the time required to complete the form?

A)44.75
B)46.75
C)47.50
D)52.50 Using Excel =NORM.INV(.75,40,10) = 46.75, or Q3 = 40 + 0.675(10) = 46.75 using AppendixC.
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53
The probability is .80 that a standard normal random variable is between -z and +z. The value of z is approximately:

A)1.28.
B)1.35.
C)1.96.
D)1.45.
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54
The MPG (miles per gallon) for a certain compact car is normally distributed with a mean of 31 and a standard deviation of 0.8. What is the probability that the MPG for a randomly selected compact car would be less than 32?

A)0.3944
B)0.8944
C)0.1056
D)0.5596
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55
If the random variable Z has a standard normal distribution, then P(1.25 ≤ Z ≤ 2.17) is:

A)0.0906.
B)0.9200.
C)0.4700.
D)0.3944.
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56
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. The slowest 10 percent of the citizens would need at least how many minutes to complete the form?

A)27.2
B)35.8
C)52.8
D)59.6 Using Excel =NORM.INV(.90,40,10) = 52.82, or 40 + 1.282(10) = 52.82 using AppendixC.
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57
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. For a simple haircut, the middle 90 percent of the customers will require:

A)between 18.4 and 31.6 minutes.
B)between 19.9 and 30.1 minutes.
C)between 20.0 and 30.0 minutes.
D)between 17.2 and 32.8 minutes.
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58
In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. The slowest quartile of customers will require longer than how many minutes for a simple haircut?

A)3(n + 1)/4 minutes
B)26 minutes
C)25.7 minutes
D)27.7 minutes Using Excel =NORM.INV(.75,25,4) = 27.698, or Q3 = 25 + 0.675(4) = 27.7 using AppendixC.
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59
A student's grade on an examination was transformed to a z value of 0.67. Assuming a normal distribution, we know that she scored approximately in the top:

A)15 percent.
B)50 percent.
C)40 percent.
D)25 percent.
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60
The time required for a citizen to complete the 2010 U.S. Census "long" form is normally distributed with a mean of 40 minutes and a standard deviation of 10 minutes. What proportion of the citizens will require less than one hour?

A)0.4772
B)0.9772
C)0.9974
D)0.9997
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61
Bob's z-score for the last exam was -1.15 in FIN 417, "Capital Budgeting Strategies." Bob said, "Yipe! My score is within the bottom quartile." Assuming a normal distribution, is Bob right?

A)Yes
B)No
C)Must know the class size to answer
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62
What are the mean and standard deviation for the standard normal distribution?

A)μ = 0, σ = 0
B)μ = 1, σ = 1
C)μ = 1, σ = 0
D)μ = 0, σ = 1
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63
Which probability model is most appropriate to describe the waiting time (working days) until an office photocopier breaks down (i.e., requires unscheduled maintenance)?

A)Normal
B)Uniform
C)Exponential
D)Poisson
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64
Which model best describes your waiting time until you get the next nonworking web URL ("This page cannot be displayed") as you click on various websites for Florida condo rentals?

A)Triangular
B)Uniform
C)Normal
D)Exponential
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65
Any two normal curves are the same except for their:

A)standard deviations.
B)means.
C)standard deviations and means.
D)standard deviations, means, skewness, and kurtosis.
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66
Assume that X is normally distributed with a mean μ = $64. Given that P(X ≥ $75) = 0.2981, we can calculate that the standard deviation of X is approximately:

A)$20.76.
B)$13.17.
C)$5.83.
D)$7.05.
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67
The random variable X is normally distributed with mean of 80 and variance of 36. The 67th percentile of the distribution is:

A)72.00.
B)95.84.
C)90.00.
D)82.64.
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68
If the mean time between unscheduled maintenance of LCD displays in a hospital's CT scan facility is 4,000 operating hours, what is the probability of unscheduled maintenance in the next 5,000 hours?

A).8000
B).7135
C).2865
D).5000
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69
A certain assembly line at Vexing Manufacturing Company averages 30 minutes between breakdowns. What is the probability that less than 6 minutes will elapse before the next breakdown?

A).8187
B).0488
C).1813
D).2224
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70
The area under the normal curve between the 20th and 70th percentiles is equal to:

A)0.7000.
B)0.5000.
C) 0.9193.
Logically, this must be .70 - .20 = .50, as you can verify from Appendix
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71
On average, 15 minutes elapse between discoveries of fraudulent corporate tax returns in a certain IRS office. What is the probability that less than 30 minutes will elapse before the next fraudulent corporate tax return is discovered?

A).1353
B).6044
C).7389
D).8647
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72
A certain assembly line at Vexing Manufacturing Company averages 30 minutes between breakdowns. The median time between breakdowns is:

A)30.0 minutes.
B)35.7 minutes.
C)25.4 minutes.
D)20.8 minutes.
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73
Light bulbs are normally distributed with an average lifetime of 1000 hours and a standard deviation of 250 hours. The probability that a light bulb picked at random will last less than 1500 hours is about:

A)97.72 percent.
B)95.44 percent.
C)75.00 percent.
D)68.00 percent.
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74
Regarding continuous probability distributions, which statement is incorrect?

A)The triangular distribution may be skewed left or right.
B)The uniform distribution is never skewed.
C)The normal distribution is sometimes skewed.
D)The exponential distribution is always skewed right.
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75
If the random variable Z has a standard normal distribution, then P(Z ≤ -1.37) is:

A)0.9147.
B)0.4147.
C)0.5016.
D)0.0853.
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76
If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, the 90th percentile of waiting times to the next shutdown will be:

A)20,180 hours.
B)28,782 hours.
C)23,733 hours.
D)18,724 hours.
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77
To convert a normally distributed variable X into a standard Z score we would:

A)subtract the mean from the original observation and divide the result by the variance.
B)subtract the mean from the original observation and divide the result by the standard deviation.
C)add the mean and the original observation, then divide by the variance.
D)subtract the mean from the standard deviation and divide by the variance.
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78
The variable in a normal distribution can assume any value between

A)-3 and +3.
B)-4 and +4.
C)-1 and +1.
D)-∞ and +∞.
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79
The standard deviation of a normal random variable X is $20. Given that P(X ≤ $10) = 0.1841. From this we can determine that the mean of the distribution is equal to:

A)$13.
B)$26.
C)$20.
D)$28.
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80
On average, a major earthquake (Richter scale 6.0 or above) occurs 3 times a decade in a certain California county. What is the probability that less than six months will pass before the next earthquake?

A).1393
B).8607
C).0952
D).9048
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