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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

MTH302 - Business Mathematics & Statistics Administration Online Quiz No. 5 Solution and Discussion Spring 2014 of Virtual University (VU) Due Date: July 11, 2014 

Dear Students!

It is to inform you that Quiz #5 will start from July 08, 2014 12:00 AM. You can attempt the quiz at any time before 11:59 PM on July 11, 2014. 
              
                                                    Start Date               End Date        Lectures Covered

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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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