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Mathematics
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Business Mathematics
Quiz 34: Normal Distribution
Path 4
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Question 1
Multiple Choice
If the normal distribution is to be used as an approximation to the binomial with n = 200 and p = 0.78 what value should be used to approximate the standard deviation (1 decimal place) ?
Question 2
Multiple Choice
If the probability that a Z-score lies between 0 and 2 is 0.452 then what is the probability that Z < 2?
Question 3
Multiple Choice
Analysis of a sample of 50 of the second quarter sales of a Dubai fashion store shows a difference ( - ) of AED 236, z = +2.37 indicating that the difference is significant. Calculate the standard deviation of the sample (1 decimal place) .
Question 4
Multiple Choice
Assuming a confidence interval of 95% (z = 1.96) , calculate the width of the confidence interval for n = 65, = 24.5, s = 4.5 (1 decimal place)
Question 5
Multiple Choice
Calculate the Z-score for a value of 34 when mean = 24 and standard deviation = 4
Question 6
Multiple Choice
Which of the following statements about the normal distribution are NOT true?
Question 7
Multiple Choice
What name is given to a value that has been standardized?
Question 8
Multiple Choice
Last year average wages in an Indian firm were INR 109,658, a sample of 30 employees in the same firm this year gives an average wage of INR 110,986 (standard deviation INR 1,234) . Is this evidence of a significant difference in wages?