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Statistics for Business and Economics Study Set 5
Quiz 6: Discrete Probability Distributions
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Question 41
Multiple Choice
i. For a normal probability distribution, about 95 percent of the area under normal curve is within Plus and minus two standard deviations of the mean and practically all (99.73 percent) of the area Under the normal curve is within three standard deviations of the mean. ii. The total area under the normal curve is 1. iii. The mean of a normal probability distribution is 500 and the standard deviation is 10. About 68 Percent of the observations lie between 480 and 520.
Question 42
Multiple Choice
An accelerated life test on a large number of type-D alkaline batteries revealed that the mean life For a particular use before they failed is 19.0 hours. The distribution of the lives approximated a Normal distribution. The standard deviation of the distribution was 1.2 hours. About 95.44 percent of The batteries failed between what two values?
Question 43
Multiple Choice
What is the area under the normal curve between z = 0.0 and z = 1.79?
Question 44
Multiple Choice
A sample of 500 evening students revealed that their annual incomes were normally distributed With a mean income of $50,000 and a standard deviation of $4,000. How many students earned Between $47,000 and $53,000?