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Statistics for Business

Prior-to-class Quiz (10 minutes)


Mar 30, 2022

Class: Full name:

A passenger metal detector at Chicago’s Midway Airport gives an alarm 2.1 times a minute.
What is the probability that
(a) less than 60 seconds will pass before the next alarm?
(b) More than 30 seconds?
(c) At least 45 seconds?

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 30, 2022

Class: Full name:

The diameter of bushings turned out by a manufacturing process


is a normally distributed random variable with a mean of 4.035
mm and a standard deviation of 0.005 mm. A sample of 25
bushings is taken once an hour.
(a) Within what interval should 95 percent of the bushing
diameters fall?
(b) Within what interval should 95 percent of the sample means
fall?
Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 30, 2022

Class: Full name:

Use the sample information 𝑥̅ = 2.4, σ = 0.15, n = 9 to calculate the following confidence
intervals for μ assuming the sample is from a normal population:
(a) 90 percent confidence;
(b) 95 percent confidence;
(c) 99 percent confidence.
(d) Describe how the intervals change as you increase the confidence level.

Answers:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Mar 23, 2022

Class: Full name:

The caffeine content of a cup of home-brewed coffee is a normally distributed random variable
with a mean of 115 mg with a standard deviation of 20 mg.
(a) What is the probability that a randomly chosen cup of home-brewed coffee will have more
than 130 mg of caffeine?
(b) Less than 100 mg?

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 23, 2022

Class: Full name:

The HP dvd1040i 20X Multiformat DVD Writer has an MTBF of 70,000 hours.
(a) Assuming continuous operation, what is the probability that the DVD writer will last more
than 100,000 hours?
(b) Less than 50,000 hours?

Answers:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Mar 16, 2022

Class: Full name:

In the last 50 years, the average number of deaths due to alligators in Florida is 0.3 death per
year. Assuming no change in this average, in a given year find the probability of
(a) no alligator deaths,
(b) at least 2 alligator deaths.

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 16, 2022

Class: Full name:

The weights of newborn babies in Foxboro Hospital are normally distributed with a mean of 6.9
pounds and a standard deviation of 1.2 pounds.
(a) How unusual is a baby weighing 8.0 pounds or more?
(b) What would be the 90th percentile for birth weight?
(c) Within what range would the middle 95 percent of birth weights lie?

Answer:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Mar 9, 2022

Class: Full name:

Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the
next five years, the probability of total loss of only the above-water superstructure ($250 million)
is .30, the probability of total loss of the facility ($950 million) is .30, and the probability of no
loss is .40. Find the expected loss.

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 9, 2022

Class: Full name:

In a certain Kentucky Fried Chicken franchise, half of the customers typically request “crispy”
instead of “original.”
(a) What is the probability that none of the next four customers will request “crispy”?
(b) At least two?
(c) At most two?

Answers:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Mar 2, 2022

Class: Full name:

Of grocery shoppers who have a shopping cart, 70 percent pay by credit/debit card (event C1), 20
percent pay cash (event C2), and 10 percent pay by check (event C3). Of shoppers without a
grocery cart, 50 percent pay by credit/debit card (event C1), 40 percent pay cash (event C2), and
10 percent pay by check (event C3). On Saturday morning, 80 percent of the shoppers take a
shopping cart (event S1) and 20 percent do not (event S2).
(a) Calculate the probability of all joint probabilities (e.g., S1 ∩ C1).
(b) Verify that the joint probabilities sum to 1.

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Mar 2, 2022

Class: Full name:

A drug test for athletes has a 5 percent false positive rate and a 10 percent false negative rate. Of
the athletes tested, 4 percent have actually been using the prohibited drug. If an athlete tests
positive, what is the probability that the athlete has actually been using the prohibited drug?
Explain your reasoning clearly.

Answers:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Feb 23, 2022

Class: Full name:

The U.S. Postal Service will ship a Priority Mail® Large Flat Rate Box (12” x 12” x 51⁄2”)
anywhere in the United States for a fixed price, regardless of weight. The weights (ounces) of 20
randomly chosen boxes are shown below.
72 86 28 67 64 65 45 86 31 32
39 92 90 91 84 62 80 74 63 86
a. Find the mean, median, and mode.
b. Find the mean, median, and mode.
c. Is the distribution skewed? Explain.

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Feb 23, 2022

Class: Full name:

Let S be the event that a randomly chosen female aged 18–24 is a smoker. Let C be the event
that a randomly chosen female aged 18–24 is a Caucasian. Given P(S) = 0.246, P(C) = 0.830,
and P(S ∩ C) = 0.232, find each probability.
a. P(Sc).
b. P(S ∪ C).
c. P(S|C).
d. P(S|Cc).

Answers:
Statistics for Business
Prior-to-class Quiz (10 minutes)
Feb 16, 2022

Class: Full name:


Test bank
The hourly wages of a sample of eight individuals is given below.
Hourly Wage
Individual (dollars)

A 27
B 25
C 20
D 10
E 12
F 14
G 17
H 19

For the above sample, determine the following measures:


a. The mean.
b. The standard deviation.
c. The 25th percentile.

Answers:
Statistics for Business
Wrap-up Quiz (10 minutes)
Feb 16, 2022

Class: Full name:


Test bank
The following is a frequency distribution for the ages of a sample of employees at a local
company.

Age Frequency
30 - 39 2
40 - 49 3
50 - 59 7
60 - 69 5
70 - 79 1

a. Determine the average age for the sample.


b. Compute the variance.
c. Compute the standard deviation.
d. Compute the coefficient of variation.

Answers:

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