DOANE - STAT - Chap 006
DOANE - STAT - Chap 006
DOANE - STAT - Chap 006
False
False
3. The expected value of a discrete random variable E(X) is the sum of all
X values weighted by their respective probabilities.
True
False
False
False
False
7. The outcomes for the sum of two dice can be described as a discrete
uniform distribution.
True
False
False
False
False
False
False
False
False
False
False
False
False
False
False
False
25 The two outcomes (success, failure) in the Bernoulli model are equally
. likely.
True
False
A.
B.
C.
D.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
36 Which model would you use to describe the probability that a call. center operator will make the first sale on the third call, assuming a
constant probability of making a sale?
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Poisson
Hypergeometric
Binomial
Uniform
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
45 Which model best describes the number of births in a hospital until the
. first twins are delivered?
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
A.
B.
C.
D.
Binomial
Geometric
Uniform
Poisson
A.
B.
C.
D.
50 A charity raffle prize is $1,000. The charity sells 4,000 raffle tickets.
. One winner will be selected at random. At what ticket price would a
ticket buyer expect to break even?
A.
B.
C.
D.
$0.50
$0.25
$0.75
$1.00
A.
B.
C.
D.
$0.50
$3.00
$1.50
$1.00
A.
B.
C.
D.
$0.00
$1.00
$0.50
$0.25
A.
B.
C.
D.
$0.25
$0.50
$0.75
$1.00
A.
B.
C.
D.
$100,000
$90,000
-$10,000
$0
A.
B.
C.
D.
1.2
1.0
1.5
2.0
A.
B.
C.
D.
.30
.40
.50
.60
A.
B.
C.
D.
.10
.40
.70
.90
A.
B.
C.
D.
1.1
1.3
1.7
1.9
A.
B.
C.
D.
175
150
200
205
= 1 and 1 - = 0.
= and 1 - = .
= and 1 - = .
= 0 and 1 - = 1.
= 1 and 1 - = 0.
= and 1 - = .
= and 1 - = .
= 0 and 1 - = 1.
A.
B.
C.
D.
A.
B.
C.
D.
.25
.50
.75
.30
A.
B.
C.
D.
.6174
.3826
.8131
.1869
A.
B.
C.
D.
.0050
.0331
.9950
.9619
A.
B.
C.
D.
.2055
.2362
.7946
.4417
A.
B.
C.
D.
.8658
.3020
.5639
.1342
A.
B.
C.
D.
.0639
.1424
.0196
.0835
A.
B.
C.
D.
.5987
.3151
.0116
.1872
A.
B.
C.
D.
.9950
.9619
.0331
.1488
A.
B.
C.
D.
.3504
.2001
.6177
.2668
A.
B.
C.
D.
.5615
.2775
.7161
.0388
A.
B.
C.
D.
0.458
2.828
1.680
1.296
A.
B.
C.
D.
.5584
.7946
.2362
.7638
A.
B.
C.
D.
A.
B.
C.
D.
99.9 percent.
97.2 percent.
95.9 percent.
72.9 percent.
A.
B.
C.
D.
.8681
.9921
.3670
.0076
A.
B.
C.
D.
A.
B.
C.
D.
.1607
.8913
.2678
.7306
A.
B.
C.
D.
.7408
.1992
.1494
.9502
A.
B.
C.
D.
.0518
.0427
.1005
.1523
A.
B.
C.
D.
.0875
.0902
.0988
.0919
A.
B.
C.
D.
.8795
.2674
.3422
.2584
89 Cars are arriving at a toll booth at a rate of four per minute. What is
. the probability that exactly eight cars will arrive in the next two
minutes?
A.
B.
C.
D.
0.0349
0.1396
0.9666
0.0005
A.
the arrivals are independent.
B. no more than one arrival can occur in a minute.
C. there is only one lane leading to the booth.
D.
the mean arrival rate is at least 30.
91 The coefficient of variation for a Poisson distribution with = 5 is:
.
A.
B.
C.
D.
35.2 percent.
58.9 percent.
44.7 percent.
31.1 percent.
35.2 percent.
58.9 percent.
50.0 percent.
26.4 percent.
A.
B.
C.
D.
n = 30, = 0.02
n = 50, = 0.03
n = 200, = 0.10
n = 500, = 0.01
A.
B.
C.
D.
n = 60, = 0.08
n = 100, = 0.15
n = 40, = 0.03
n = 20, = 0.20
A.
B.
C.
D.
n = 35, = 0.07
n = 95, = 0.01
n = 80, = 0.02
n = 50, = 0.03
A.
B.
C.
D.
.1038
.0916
.1465
.0015
97 The probability that a rental car will be stolen is 0.0004. If 3500 cars
. are rented, what is the approximate Poisson probability that 2 or fewer
will be stolen?
A.
B.
C.
D.
.3452
.2417
.5918
.8335
98 The probability that a customer will use a stolen credit card to make a
. purchase at a certain Target store is 0.003. If 400 purchases are made
in a given day, what is the approximate Poisson probability that 4 or
fewer will be with stolen cards?
A.
B.
C.
D.
.0053
.0076
.9923
.0555
99 The probability that a ticket holder will miss a flight is .005. If 180
. passengers take the flight, what is the approximate Poisson probability
that at least 2 will miss the flight?
A.
B.
C.
D.
.9372
.0628
.1647
.2275
100 The probability that a certain daily flight's departure from ORD to LAX
.
is delayed is .02. Over six months, this flight departs 180 times. What
is the approximate Poisson probability that it will be delayed fewer
than 2 times?
A.
B.
C.
D.
.4471
.3028
.1257
.1771
A.
B.
C.
D.
.1126
.1666
.2308
.2500
A.
B.
C.
D.
.6250
.5000
.7500
.3750
A.
B.
C.
D.
4.0
4.5
5.0
5.5
A.
B.
C.
D.
18.5.
16.0.
18.0.
19.5.
A.
B.
C.
D.
.3222
.1209
.8791
.6778
A.
B.
C.
D.
.3087
.1681
.3602
.8319
A.
B.
C.
D.
0.9421
0.0579
0.7373
0.2627
A.
B.
C.
D.
.2322
.8263
.2926
.5613
109 A clinic employs nine physicians. Five of the physicians are female.
.
Four patients arrive at once. Assuming the doctors are assigned
randomly to patients, what is the probability that all of the assigned
physicians are female?
A.
B.
C.
D.
.0397
.0295
.0808
.0533
A.
B.
C.
D.
.0192
.0025
.0247
.0200
A.
B.
C.
D.
.0656
.8561
.5904
.4095
A.
B.
C.
D.
15
20
10
17
113 When you send out a resume, the probability of being called for an
.
interview is .20. What is the probability that the first interview occurs
on the fourth resume that you send out?
A.
B.
C.
D.
.4096
.1024
.2410
.0016
114 When you send out a resume, the probability of being called for an
.
interview is .20. What is the expected number of resumes you send
out until you get the first interview?
A.
B.
C.
D.
5
7
10
12
115 When you send out a resume, the probability of being called for an
.
interview is .20. What is the probability that you get your first
interview within the first five resumes that you send out?
A.
B.
C.
D.
.6723
.1024
.2410
.0016
A.
B.
C.
D.
.1362
.4000
.3324
.4538
A.
B.
C.
D.
10
20
50
98
A.
B.
C.
D.
.4218
.5781
.1406
.2228
A.
B.
C.
D.
.0024
.8319
.1681
.9976
A.
B.
C.
D.
51.
23.
40.
32.
A.
B.
C.
D.
8.77
15.0
14.2
9.24
124 A stock portfolio consists of two stocks X and Y. Their daily closing
.
prices are independent random variables with standard deviations X
= 2.51 and Y = 5.22. What is the standard deviation of the sum of
the closing prices of these two stocks?
A.
B.
C.
D.
33.55
6.48
7.73
5.79
125 A stock portfolio consists of two stocks X and Y. Their daily closing
.
prices are correlated random variables with variances X2 = 3.51 and
Y2 = 5.22, and covariance XY = -1.55. What is the standard deviation
of the sum of the closing prices of these two stocks?
A.
B.
C.
D.
5.63
7.18
8.73
2.68
126 The expected value of a random variable X is 140 and the standard
.
deviation is 14. The standard deviation of the random variable Y = 3X
- 10 is:
A.
B.
C.
D.
42
6.48
14
32
A.
B.
C.
D.
2
4
-10
-6
2.
3.
4.
5.
6.
7.
The outcomes for the sum of two dice can be described as a discrete
uniform distribution.
FALSE
The sum of two uniforms is a triangular distribution, as shown in the
textbook example.
AACSB: Analytic
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 06-04 Know the mean and variance of a uniform discrete model.
Topic: Uniform Distribution
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
A.
B.
C.
D.
29.
30.
31.
A.
B.
C.
D.
Difficulty: 1 Easy
Learning Objective: 06-01 Define a discrete random variable.
Topic: Discrete Distributions
32.
A.
B.
C.
D.
33.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
34.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
35.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Events per unit of time with no clear upper limit would resemble a
Poisson distribution.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
36.
Which model would you use to describe the probability that a callcenter operator will make the first sale on the third call, assuming a
constant probability of making a sale?
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
37.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Events per unit of time with no clear upper limit would resemble a
Poisson distribution.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
38.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Events per unit of time with no clear upper limit would resemble a
Poisson distribution.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
39.
A.
B.
C.
D.
Poisson
Hypergeometric
Binomial
Uniform
40.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Events per unit of time with no clear upper limit would resemble a
Poisson distribution.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
41.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Events per unit of area with no clear upper limit would resemble a
Poisson distribution.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
42.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
43.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
Independent events per unit of time with no clear upper limit would
be Poisson.
AACSB: Analytic
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 06-10 Select an appropriate discrete probability distribution from problem context.
Topic: Poisson Distribution
44.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
45.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
46.
A.
B.
C.
D.
Binomial
Poisson
Hypergeometric
Geometric
47.
A.
B.
C.
D.
Binomial
Geometric
Uniform
Poisson
48.
A.
B.
C.
49.
A.
B.
C.
D.
Independent arrivals per unit of time with no clear upper limit would
be Poisson.
AACSB: Analytic
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 06-06 Find Poisson probabilities using tables; formulas; or Excel.
Topic: Poisson Distribution
50.
A charity raffle prize is $1,000. The charity sells 4,000 raffle tickets.
One winner will be selected at random. At what ticket price would a
ticket buyer expect to break even?
A.
B.
C.
D.
$0.50
$0.25
$0.75
$1.00
51.
A.
B.
C.
D.
$0.50
$3.00
$1.50
$1.00
52.
A.
B.
C.
D.
$0.00
$1.00
$0.50
$0.25
53.
A.
B.
C.
D.
$0.25
$0.50
$0.75
$1.00
54.
A.
B.
C.
D.
$100,000
$90,000
-$10,000
$0
55.
A.
B.
C.
D.
1.2
1.0
1.5
2.0
56.
A.
B.
C.
D.
.30
.40
.50
.60
57.
A.
B.
C.
D.
.10
.40
.70
.90
Difficulty: 1 Easy
Learning Objective: 06-02 Solve problems using expected value and variance.
Topic: Discrete Distributions
58.
A.
B.
C.
D.
1.1
1.3
1.7
1.9
59.
A.
B.
C.
D.
175
150
200
205
60.
A.
B.
C.
D.
61.
62.
A.
B.
C.
D.
63.
A.
B.
C.
D.
= 1 and 1 - = 0.
= and 1 - = .
= and 1 - = .
= 0 and 1 - = 1.
64.
A.
B.
C.
D.
= 1 and 1 - = 0.
= and 1 - = .
= and 1 - = .
= 0 and 1 - = 1.
65.
A.
B.
C.
D.
Binomial
Binomial
Binomial
Binomial
with
with
with
with
n
n
n
n
=
=
=
=
50,
50,
50,
50,
=
=
=
=
.70
.90
.40
.10
Difficulty: 2 Medium
Learning Objective: 06-05 Find binomial probabilities using tables; formulas; or Excel.
Topic: Binomial Distribution
66.
A.
B.
C.
D.
2.00
4.80
6.40
2.00
and
and
and
and
1.24
4.00
1.96
1.20
67.
A.
B.
C.
D.
.25
.50
.75
.30
68.
A.
B.
C.
D.
.6174
.3826
.8131
.1869
69.
A.
B.
C.
D.
.0050
.0331
.9950
.9619
70.
A.
B.
C.
D.
.2055
.2362
.7946
.4417
71.
A.
B.
C.
D.
.8658
.3020
.5639
.1342
72.
A.
B.
C.
D.
.0639
.1424
.0196
.0835
Use Appendix A with n = 12 and = .60 to find P(X 10) or else use
the Excel function =1-BINOM.DIST(9,12,.60,1) = .08344.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-05 Find binomial probabilities using tables; formulas; or Excel.
Topic: Binomial Distribution
73.
A.
B.
C.
D.
.5987
.3151
.0116
.1872
Use Appendix A with n = 10 and = .05 find P(X = 0) or else use the
Excel function =BINOM.DIST(0,10,.05,0) = .59874.
AACSB: Analytic
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 06-05 Find binomial probabilities using tables; formulas; or Excel.
Topic: Binomial Distribution
74.
A.
B.
C.
D.
.9950
.9619
.0331
.1488
Use Appendix A with n = 8 and = .10 to find P(X < 3) or else use
the Excel function =BINOM.DIST(2,8,.1,1) = .96191.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-05 Find binomial probabilities using tables; formulas; or Excel.
Topic: Binomial Distribution
75.
A.
B.
C.
D.
.3504
.2001
.6177
.2668
Use Appendix A with n = 10 and = .70 to find P(X < 7) or else use
the Excel function =BINOM.DIST(6,10,.7,1) = .35039.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-05 Find binomial probabilities using tables; formulas; or Excel.
Topic: Binomial Distribution
76.
A.
B.
C.
D.
.5615
.2775
.7161
.0388
77.
A.
B.
C.
D.
0.458
2.828
1.680
1.296
78.
A.
B.
C.
D.
.5584
.7946
.2362
.7638
79.
A.
B.
C.
D.
80.
A.
B.
C.
D.
99.9
97.2
95.9
72.9
percent.
percent.
percent.
percent.
81.
82.
A.
B.
C.
D.
.8681
.9921
.3670
.0076
83.
A.
B.
C.
D.
84.
A.
B.
C.
D.
.1607
.8913
.2678
.7306
85.
A.
B.
C.
D.
.7408
.1992
.1494
.9502
86.
A.
B.
C.
D.
.0518
.0427
.1005
.1523
87.
A.
B.
C.
D.
.0875
.0902
.0988
.0919
88.
A.
B.
C.
D.
.8795
.2674
.3422
.2584
89.
Cars are arriving at a toll booth at a rate of four per minute. What is
the probability that exactly eight cars will arrive in the next two
minutes?
A.
B.
C.
D.
0.0349
0.1396
0.9666
0.0005
90.
A.
the arrivals are independent.
B. no more than one arrival can occur in a minute.
C. there is only one lane leading to the booth.
D.
the mean arrival rate is at least 30.
Events per unit of time with no clear upper limit.
AACSB: Analytic
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 06-06 Find Poisson probabilities using tables; formulas; or Excel.
Topic: Poisson Distribution
91.
A.
B.
C.
D.
35.2
58.9
44.7
31.1
percent.
percent.
percent.
percent.
92.
A.
B.
C.
D.
35.2
58.9
50.0
26.4
percent.
percent.
percent.
percent.
93.
A.
B.
C.
D.
n = 30, = 0.02
n = 50, = 0.03
n = 200, = 0.10
n = 500, = 0.01
94.
A.
B.
C.
D.
n = 60, = 0.08
n = 100, = 0.15
n = 40, = 0.03
n = 20, = 0.20
95.
A.
B.
C.
D.
n
n
n
n
=
=
=
=
35,
95,
80,
50,
=
=
=
=
0.07
0.01
0.02
0.03
96.
A.
B.
C.
D.
.1038
.0916
.1465
.0015
97.
The probability that a rental car will be stolen is 0.0004. If 3500 cars
are rented, what is the approximate Poisson probability that 2 or
fewer will be stolen?
A.
B.
C.
D.
.3452
.2417
.5918
.8335
98.
The probability that a customer will use a stolen credit card to make
a purchase at a certain Target store is 0.003. If 400 purchases are
made in a given day, what is the approximate Poisson probability
that 4 or fewer will be with stolen cards?
A.
B.
C.
D.
.0053
.0076
.9923
.0555
99.
The probability that a ticket holder will miss a flight is .005. If 180
passengers take the flight, what is the approximate Poisson
probability that at least 2 will miss the flight?
A.
B.
C.
D.
.9372
.0628
.1647
.2275
100. The probability that a certain daily flight's departure from ORD to
LAX is delayed is .02. Over six months, this flight departs 180 times.
What is the approximate Poisson probability that it will be delayed
fewer than 2 times?
A.
B.
C.
D.
.4471
.3028
.1257
.1771
A.
B.
C.
D.
.1126
.1666
.2308
.2500
A.
B.
C.
D.
.6250
.5000
.7500
.3750
A.
B.
C.
D.
4.0
4.5
5.0
5.5
The mean is halfway between the lower and upper limits 1 and 8.
AACSB: Analytic
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 06-04 Know the mean and variance of a uniform discrete model.
Topic: Uniform Distribution
A.
B.
C.
D.
18.5.
16.0.
18.0.
19.5.
The mean is halfway between the lower and upper limits 12 and 24.
AACSB: Analytic
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 06-04 Know the mean and variance of a uniform discrete model.
Topic: Uniform Distribution
A.
B.
C.
D.
.3222
.1209
.8791
.6778
Since n/N < .05 we can use Appendix A with n = 10 and = 96/480
= .20 to find P(X 3).
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-08 Find hypergeometric probabilities using Excel.
Topic: Hypergeometric Distribution
A.
B.
C.
D.
.3087
.1681
.3602
.8319
Since n/N < .05 we can use Appendix A with n = 5 and = 27/90 = .
30 to find P(X 1).
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-08 Find hypergeometric probabilities using Excel.
Topic: Hypergeometric Distribution
A.
B.
C.
D.
0.9421
0.0579
0.7373
0.2627
Since n/N < .05 we can use Appendix A with n = 5 and = 30/150 =
.20 to find P(X 2).
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-08 Find hypergeometric probabilities using Excel.
Topic: Hypergeometric Distribution
A.
B.
C.
D.
.2322
.8263
.2926
.5613
Since n/N < .05 we can use Appendix A with n = 8 and = 112/280
= .40 to find P(X = 4).
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-08 Find hypergeometric probabilities using Excel.
Topic: Hypergeometric Distribution
109. A clinic employs nine physicians. Five of the physicians are female.
Four patients arrive at once. Assuming the doctors are assigned
randomly to patients, what is the probability that all of the assigned
physicians are female?
A.
B.
C.
D.
.0397
.0295
.0808
.0533
A.
B.
C.
D.
.0192
.0025
.0247
.0200
Use the formulas for the geometric PDF (not the CDF) with = .02 to
find P(X = 3) = .02(1 - .02)3-1 = .02(.98)2 = .02(.9604) = .019208.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
.0656
.8561
.5904
.4095
Use the formulas for the geometric PDF (not the CDF) with = .10 to
find P(X = 5) = .10(1 - .10)5-1 = .10(.90)4 = .10(.6561) = .06561.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
15
20
10
17
113. When you send out a resume, the probability of being called for an
interview is .20. What is the probability that the first interview occurs
on the fourth resume that you send out?
A.
B.
C.
D.
.4096
.1024
.2410
.0016
Use the formulas for the geometric PDF (not the CDF) with = .20 to
find P(X = 4) = .20(1 - .20)4-1 = .20(.80)3 = .20(.512) = .1024.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
114. When you send out a resume, the probability of being called for an
interview is .20. What is the expected number of resumes you send
out until you get the first interview?
A.
B.
C.
D.
5
7
10
12
115. When you send out a resume, the probability of being called for an
interview is .20. What is the probability that you get your first
interview within the first five resumes that you send out?
A.
B.
C.
D.
.6723
.1024
.2410
.0016
Use the formulas for the geometric CDF (not the PDF) with = .20 to
find P(X 5) = 1 -(1-.20)5 = = 1 - (.80)5 = 1 - .32678 = .67232.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
.1362
.4000
.3324
.4538
Use the formulas for the geometric CDF (not the PDF) with = .02 to
find P(X 20) = 1 -(1-.02)20 = = 1 - (.98)20 = 1 - .6676 = .3324.
AACSB: Analytic
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
10
20
50
98
A.
B.
C.
D.
.4218
.5781
.1406
.2228
Use the formulas for the geometric CDF (not the PDF) with = .25 to
find P(X 3) = 1 -(1-.25)3 = 1 - (.75)3 = 1 - .421875 = .578125.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
.0024
.8319
.1681
.9976
Use the formulas for the geometric CDF (not the PDF) with = .30 to
find P(X 5) = 1 -(1-.30)5 = 1 - (.70)5 = 1 - .16807 = .83193.
AACSB: Analytic
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 06-09 Calculate geometric probabilities (optional).
Topic: Geometric Distribution (Optional)
A.
B.
C.
D.
51.
23.
40.
32.
A.
B.
C.
D.
8.77
15.0
14.2
9.24
124. A stock portfolio consists of two stocks X and Y. Their daily closing
prices are independent random variables with standard deviations X
= 2.51 and Y = 5.22. What is the standard deviation of the sum of
the closing prices of these two stocks?
A.
B.
C.
D.
33.55
6.48
7.73
5.79
125. A stock portfolio consists of two stocks X and Y. Their daily closing
prices are correlated random variables with variances X2 = 3.51 and
Y2 = 5.22, and covariance XY = -1.55. What is the standard
deviation of the sum of the closing prices of these two stocks?
A.
B.
C.
D.
5.63
7.18
8.73
2.68
126. The expected value of a random variable X is 140 and the standard
deviation is 14. The standard deviation of the random variable Y =
3X - 10 is:
A.
B.
C.
D.
42
6.48
14
32
A.
B.
C.
D.
2
4
-10
-6