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360 of the staff of 800 teachers at a school are certified in First-Aid.

In 100 days of school, about


how many days can we expect that the teacher on bus duty will likely be certified in First-Aid?

Select one:
a. 81 days
b. 5 days
c. 45 days

d. 65 days
What is payoff?

Select one:

a. various states of nature

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:

a. maximum of the maximum payoffs

b. minimum of the maximum regrets for each alternative

c. maximum of the minimum payoffs

d. Maximum of the minimum regrets for each alternative


The head librarian at the Library of Congress has asked her assistant for an interval estimate of the mean number of books checked out
each day. The assistant provides the following interval estimate: from 740 to 920 books per day. If the head librarian knows that the
population standard deviation is 150 books checked out per day, and she asked her assistant to use 25 days of data to construct the interval
estimate, what confidence level can she attach to the interval estimate?

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:

a. assigns a value to the center of the set of events

b. measures outcomes and assigns values of X to the simple events

c. assigns a value to the variability of the set of events

d. associates a particular probability of occurrence with each outcome


A 99% confidence interval estimate can be interpreted to mean that

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:

a. has a mean of 0 and a standard deviation of 1

b. has a mean of 1 and a variance of 1

c. cannot be used to approximate discrete probability distributions

d. has a mean of 1 and a variance of 0


Which of the following statements about the sampling distribution of the sample mean is incorrect?

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

c. The mean of the sampling distribution of the sample mean is equal to μ

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

Probabilities can be assigned in

Select one:

a. both of these

b. decision making under uncertainty

c. decision making under risk

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

Sampling distributions describe the distribution of

Select one:

a. both parameters and statistics

b. neither parameters nor statistics

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:

a. Increase the confidence level

b. Increase the population mean

c. Increase the sample mean

d. Increase the sample size

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