Quiz Ans
Quiz Ans
Quiz Ans
Select one:
a. 81 days
b. 5 days
c. 45 days
d. 65 days
What is payoff?
Select one:
b. none of these
c. outcome of a decision
d. both of these
The number of power outages at a nuclear power plant has a Poisson distribution with a mean of 6 outages per year. The probability that
there will be at least 3 power outages in a year is ____________.
Select one:
a. 0.9830
b. 0.0620
c. 0.9380
d. 0.0170
Minimax regret is
Select one:
Select one:
a. 98.0%
b. 99.7%
c. 95.4%
d. 99.0%
If the expected value of a sample statistic is equal to the parameter it is estimating, then we call that sample statistic
Select one:
a. biased
b. minimum variance
c. unbiased
d. random
A probability distribution is an equation that
Select one:
Select one:
a. None
b. we have 99% confidence that we have selected a sample whose interval does include the population mean
c. if all possible samples of size n are taken and confidence interval estimates are developed, 99% of them would include the true
population mean somewhere within their interval
d. Both
A random sample of 50 individuals resulted in a mean income of Rs.15000. What is the width of the 90% confidence interval, if the
population standard deviation is known to be Rs.1000?
Select one:
a. Rs.232.60
b. Rs.364.30
c. Rs.465.23
d. Rs.728.60
In its standardized form, the normal distribution
Select one:
Select one:
a. The standard deviation of the sampling distribution of the sample mean is equal to σ
b. The sampling distribution of the sample mean is generated by repeatedly taking samples of size n and computing the sample means
d. The sampling distribution of the sample mean is approximately normal whenever the sample size is sufficiently large (n ≥ 30 )
A professor receives, on average, 24.7 e-mails from students the day before the midterm exam. To compute the probability of receiving at
least 10 e-mails on such a day, he will use what type of probability distribution?
Select one:
a. none
b. binomial distribution
c. both
d. poisson distribution
Given that X is a normally distributed variable with a mean of 50 and a standard deviation of 2, find the probability that X is between 47 and
54.
Select one:
a. 0.9104
b. 0.9254
c. 0.0746
d. 0.0896
Select one:
a. both of these
d. none of these
If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a
mean of 3.5 minutes and a standard deviation of 1 minute, 75.8% of the college students will take more than how many minutes when trying
to find a parking spot in the library parking lot?
Select one:
a. 3.4 minutes
b. 4.2 minutes
c. 3.2 minutes
d. 2.8 minutes
If you were constructing a 99% confidence interval of the population mean based on a sample of n=25 where the standard deviation of the
sample S = 0.05, the critical value of t will be
Select one:
a. 2.7969
b. 2.7874
c. 2.4851
d. 2.4922
Select one:
c. parameters
d. statistics
Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. The probability that Z is between -2.89 and -1.03
is __________.
Select one:
a. 0.1496
b. 0.8504
c. 0.1569
d. 0.1546
Major cricket players salaries averaged Rs.3260000 with a standard deviation of Rs.1200000 in a certain year in the past. Suppose a sample
of 100 major players was taken. Find the approximate probability that the mean salary of the 100 players was no more than Rs.3000000.
Select one:
a. 0.0151
b. Approximately 0
c. Approximately 1
d. 0.9849
Suppose a 95% confidence interval for μ turns out to be (1000, 2100). To make more useful inferences from the data, it is desired to reduce
the width of the confidence interval. Which of the following will result in a reduced interval width?
Select one: