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MTH302 - Business Mathematics & Statistics Administration Online Quiz No. 5 Solution and Discussion Spring 2014 of Virtual University (VU) Due Date: July 11, 2014
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Question # 1 of 10 ( Start time: 09:45:50 PM ) Total Marks: 1
Poisson probabilty density function has ____ parameter(s)
Select correct option:
0
1
2
None of these.
Question # 2 of 10 ( Start time: 09:46:54 PM ) Total Marks: 1
In the excel formulation for Poisson distribution i-e "POISSON(x,mean,cumulative)", ‘x’ is the
Select correct option:
Expected numeric value
Logical value that determines the form of the probability distribution returned
Number of events over a specific time
Discrete non-random variable
Question # 3 of 10 ( Start time: 09:47:59 PM ) Total Marks: 1
An automatic production line breaks down every 2 hours.Special production requires uninterrupted operation for 8 hours.What is the probabilty that this can be achieved.
Select correct option:
0.312
0.021
0.0183
None of these.
Question # 4 of 10 ( Start time: 09:48:27 PM ) Total Marks: 1
The successive binomial trials are assumed to be
Select correct option:
Independent
Dependent
May be independent
None of these
Question # 5 of 10 ( Start time: 09:48:48 PM ) Total Marks: 1
When two dice are rolled together, the outcomes on the faces are independent.
Select correct option:
True
False
Question # 6 of 10 ( Start time: 09:49:04 PM ) Total Marks: 1
The number of false fire alarms in a suburb of London on averages 4 per day. Assuming that a Poisson distribution is appropriate, the probability that 3 false alarms will occur on a given day is given by
Select correct option:
P(X=3 ) = (4^3e^-3)/4!
P(X=3 ) =1- (4^3e^-3)/3!
P(X=3 ) = (4^3e^-4)/3
P(X=3 ) =1- (4^3e^-4)/4!
Question # 7 of 10 ( Start time: 09:49:48 PM ) Total Marks: 1
The Excel command “=BINOMDIST( 7, 4, 0.5, FALSE)” gives an error of #NUM. The reason is that number of successes is 7 which are greater than the trials which are 4.
Select correct option:
True
False
Question # 8 of 10 ( Start time: 09:50:08 PM ) Total Marks: 1
For normal distribution the probability of an event is zero if and only if value of ‘z’
Select correct option:
Greater than 3
Less than 3
Equal to 3
None of these
Question # 9 of 10 ( Start time: 09:50:31 PM ) Total Marks: 1
What is not a characteristic of poisson distribution.
Select correct option:
Either/or situation.
mean number of successes per unit,m,known and fixed.
p,chance unknown and large
None of these.
Question # 10 of 10 ( Start time: 09:50:43 PM ) Total Marks: 1
In the normal distribution curve, peak of the bell-shaped curve gives
Select correct option:
Standard deviation
Variance
Mean
Frequency
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