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Statistics for Business and Economics Study Set 5
Quiz 5: A Sulvey of Probability Concepts
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Question 101
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot Peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the Customers ordering her chilidogs order it with hot peppers. Suppose 18 customers are selected at Random. What is the probability that between two and five people inclusive want hot peppers?
Question 102
Multiple Choice
(i. A random variable with a Poisson distribution has one of two mutually exclusive values. (ii. For the hypergeometric distribution there are only 2 possible outcomes. (iii) In the hypergeometric distribution the probability of a success is the same on each trail.
Question 103
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot Peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the Customers ordering her chilidogs order it with hot peppers. Suppose 18 customers are selected at Random. What is the probability that exactly nine customers will ask for hot peppers?
Question 104
Multiple Choice
(i. The binomial distribution and the Poisson distribution have two possible experimental outcomes. (ii. The Poisson distribution or, the law of improbable events, has negatively skewed shape. (iii) In a Poisson distribution each trail is independent.
Question 105
Multiple Choice
Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot Peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the Customers ordering her chilidogs order it with hot peppers. Suppose 18 customers are selected at Random. What is the probability that sixteen or more customers will want hot peppers?
Question 106
Multiple Choice
(i. If π = 1/3 and n = 900, the mean of this binomial distribution is 300. (ii. If n = 900 and π = 1/3, the variance of this binomial distribution is 200. (iii) If π = 1/5 and n = 100, the standard deviation of this binomial distribution is four.
Question 107
Multiple Choice
When surveyed for brand recognition, 98% of consumers recognize Coke. A new survey of 800 Randomly selected consumers is to be conducted. For such a group of 800, calculate the mean and Standard deviation for the number who recognize the Coke brand name. Considering as unusual a Result that differs from the mean by more than two standard deviations, it (___ (is/is not) ___) Unusual to get 775 consumers who recognize the Coke brand name.
Question 108
Multiple Choice
The arrival of customers at a service desk follows a Poisson distribution. If they arrive at the rate of Four every five minutes, what is the probability that more than four customers arrive in a five minute Period?