Exam 11: Probability and Statistics
Exam 1: Management Science121 Questions
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Exam 3: Linear Programming: Computer Solution and Sensitivity Analysis95 Questions
Exam 4: Linear Programming: Modeling Examples90 Questions
Exam 5: Integer Programming107 Questions
Exam 6: Transportation, Transshipment, and Assignment Problems98 Questions
Exam 7: Network Flow Models104 Questions
Exam 8: Project Management116 Questions
Exam 9: Multicriteria Decision Making103 Questions
Exam 10: Nonlinear Programming72 Questions
Exam 11: Probability and Statistics152 Questions
Exam 12: Decision Analysis122 Questions
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Exam 14: Simulation100 Questions
Exam 15: Forecasting133 Questions
Exam 16: Inventory Management157 Questions
Exam 17: the Simplex Solution Method90 Questions
Exam 18: Transportation and Assignment Solution Methods86 Questions
Exam 19: Integer Programming: the Branch and Bound Method63 Questions
Exam 20: Nonlinear Programming: Solution Techniques55 Questions
Exam 21: Game Theory64 Questions
Exam 22: Markov Analysis64 Questions
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Two psychology majors, in two different sections of Clinical Psychology, were comparing test scores. The following gives the students' scores, class mean, and standard deviation for each section:
Section 1 Section 2 Student score 84 75 Mean 75 60 Standard deviation 7 8
-What is the z-score of the student from section 2 and what is the probability that a student in section 2 will score higher than 75?
(Short Answer)
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Jim is considering pursuing an MS in Information Systems degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 20% for University X and 45% for University Y. What is the probability that Jim will be accepted at both universities?
(Multiple Choice)
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Another name for the mean of a probability distribution is its expected value.
(True/False)
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Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category.
Administrative (AD) 110 10 Salaried staff (SS) 30 50 Hourly staff (HS) 60 40 If an employee is selected at random, what is the probability that the employee is female given that the employee is a salaried staff member?
(Multiple Choice)
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Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category.
Administrative (AD) 110 10 Salaried staff (SS) 30 50 Hourly staff (HS) 60 40
-If an employee is selected at random, what is the probability that the employee is female or works as a member of the administration
(Short Answer)
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Under the normal curve, the area between z = 1 and z = -2 includes approximately ________ of the values.
(Multiple Choice)
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A marginal probability is the probability of a single event occurring.
(True/False)
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The owner of a seafood market determined that the average weight for a crab is 1.6 pounds with a standard deviation of 0.4 pound. Assuming the weights of the crabs are normally distributed, what is the probability that a randomly selected crab will weigh more than 2.2 pounds?
(Short Answer)
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For some value of Z, the probability that a standard normal variable is below Z is 0.3783. The value of Z is:
(Multiple Choice)
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In a binomial distribution, for each of n trials, the event
(Multiple Choice)
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Assume X has the following probability distribution :
X 1 2 3 4 P(X) .1 .5 .2 .2 Compute the standard deviation of X.
(Short Answer)
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The variance of a random variable is computed by multiplying each possible value of the variable by its probability and summing these products.
(True/False)
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A set of events is collectively exhaustive when it includes all the events that can occur in an experiment.
(True/False)
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The expected value of the standard normal distribution is equal to ________.
(Short Answer)
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An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry.
Payoff Probability \ 1.00 0.1000 \ 5.00 0.0100 \ 10.00 0.0050 \ 100.00 0.0010 \ 1,000.00 0.0005 \ 5,000.00 0.0001
-The probability that someone wins any money is ________.
(Short Answer)
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The weight of a jar of jelly is normally distributed with a mean of 16 oz and a standard deviation of 0.02 oz. What is the probability that a jar of jelly contains less than 16 oz?
(Multiple Choice)
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A frequency distribution is an organization of ________ data about the events in an experiment.
(Multiple Choice)
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A ________ probability is the probability that an event will occur given that another event has already occurred.
(Multiple Choice)
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