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Introduction to Business Statistics
Exam 7: Continuous Probability Distributions
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Question 121
Short Answer
Assume the standard normal curve and determine the probability or area between z = -1.28 and z = 1.28.
Question 122
Short Answer
Using the standard normal curve,find the area between z = 0 and z = 3.3.
≈
\approx
≈
____________________.
Question 123
Short Answer
The selling price of various homes in a community follows the normal distribution with a mean of $176,000 and a standard deviation of $22,300.What is the probability that the next house will sell for less than $190,000?
Question 124
Short Answer
A manufacturer produces Walkman tap players/radios.The electronic components are positioned in the outer case after the case has been given an epoxy finish.The production manager must time the drying process with the total assembly line and therefore must determine the appropriate drying time.An intensive cost analysis indicated that a risk of just 0.3% of the cases being wet and therefore smudged was acceptable.If drying times are normally distributed with a mean of 3.6 minutes and a standard deviation of 0.6 minutes,what time setting should the production manager set for the automatic timer which controls the production line? ____________________ minutes
Question 125
Short Answer
Suppose that x is a binomial random variable with n = 100 and
π
\pi
π
= 0.18.Employ the normal approximation to find P(15 ≤ x ≤ 21).
Question 126
Short Answer
A circus performer who gets shot from a cannon is supposed to land in a safety net positioned at the other end of the arena.The distance he travels is normally distributed with a mean of 175 feet and a standard deviation of 15 feet.His landing net is 50 feet long and the mid-point of the net is positioned 175 feet from the cannon.What is the probability that the performer will hit the net on a given night?
Question 127
Essay
If a computer statistical package were to simulate 500 random observations from a normal distribution with mean
μ
\mu
μ
= 100 and standard deviation
σ
\text { σ}
σ
= 50,what percentage of these observations would you expect to have a value of 200 or more? Do you think the actual number in the " ≥ 200" range would equal the expected number in this range? If so,why? If not,why not?
Question 128
Short Answer
Assuming a standard normal distribution,determine P(z ≤ -0.75).
Question 129
Multiple Choice
A large mail house which mails such items as catalogues,magazines,and other bulk mailings guarantees that there will be no more than a 3% error rate on its mailing labels.A customer who contracted a mailing to 190,000 individuals experienced a return of 5,900 items,which had incorrect addresses.Which of the following statements is true?
Question 130
Short Answer
What are the mean and standard deviation of a normally distributed random variable,which has been "standardized"? Mean = ____________________ SD = ____________________
Question 131
Multiple Choice
Using the standard normal table,the total area between z = -1.82 and z = -1.38 is:
Question 132
Short Answer
The time it takes a technician to fix a computer problem is exponentially distributed with a mean of 15 minutes.What is the probability that it will take a technician between 10 to 15 minutes to fix a computer problem?