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Statistics
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Basic Business Statistics
Quiz 5: Discrete Probability Distributions
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Question 21
True/False
In a Poisson distribution,the mean and standard deviation are equal.
Question 22
True/False
The number of males selected in a sample of 5 students taken without replacement from a class of 9 females and 18 males has a binomial distribution.
Question 23
True/False
The diameters of 10 randomly selected bolts have a binomial distribution.
Question 24
True/False
The number of males selected in a sample of 5 students taken without replacement from a class of 9 females and 18 males has a hypergeometric distribution.
Question 25
True/False
If π remains constant in a binomial distribution,an increase in n will increase the variance.
Question 26
True/False
Another name for the mean of a probability distribution is its expected value.
Question 27
True/False
The Poisson distribution can be used to model a continuous random variable.
Question 28
Multiple Choice
On the average,1.8 customers per minute arrive at any one of the checkout counters of a grocery store.What type of probability distribution can be used to find out the probability that there will be no customer arriving at a checkout counter?
Question 29
True/False
In a Poisson distribution,the mean and variance are equal.
Question 30
Multiple Choice
A multiple-choice test has 30 questions.There are 4 choices for each question.A student who has not studied for the test decides to answer all questions randomly.What type of probability distribution can be used to figure out his chance of getting at least 20 questions right?
Question 31
Multiple Choice
A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.Prices for 100 rats follow the following distribution: Price: $10.00 $12.50 $15.00 Probability: 0.35 0.40 0.25 How much should the lab budget for next year's rat orders be,assuming this distribution does not change?
Question 32
Multiple Choice
The local police department must write,on average,5 tickets a day to keep department revenues at budgeted levels.Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.5 tickets per day.Interpret the value of the mean.
Question 33
Multiple Choice
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful.He selected 3 companies from this group as the candidates for success.To analyze his ability to spot the companies that will eventually become highly successful,he will use what type of probability distribution?
Question 34
True/False
The number of customers arriving at a department store in a 5-minute period has a Poisson distribution.
Question 35
Multiple Choice
A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.Suppose the mean cost of rats used in lab experiments turned out to be $13.00 per week.Interpret this value.