Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01

International University Course: Statistics for Business

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MID-TERM EXAMINATION
DURATION: 100
SOLUTION FOR SAMPLE TEST 05 MINUTES
STUDENT ID: DATE:

NAME:
PART I: Multiple Choice Questions (36%)

Use the following problem to answer next 2 questions:

A Professor wants to establish a finance group of 5 members. Members of the group are selected from 6
women and 9 men.

1. How many ways to select a group consists of 3 women and 2 men?

Answer: 720.

2. What is the probability that the group would consist of 3 women and 2 men? 720/15C5
Answer: 0.2398.

Use the following to answer next 3 questions:

The test scores for 15 students in a given class are as follow:

40, 49, 56, 62, 65, 70, 70, 72, 75, 78, 78, 82, 84, 85, 90, 67, 47, 75, 81, 80, 77, 70

3. The mean value of the test score is: 70.5909.

4. Verify Chebyshev’s theorem using the above data:

There would be 21 of 22 (95.45%) observations fall in the interval ഥ࢞ ± ૛࢙ = ૠ૙.ૢ ± ૛ × ૚૜.૙૝
= [૝૝.ૢ ,ૢ૟.૟ૠૢૢ]. Hence, Rule 1 of Chebyshev’s Theorem is satisfied.

5. Briefly verify Empirical rule using the above data:

Since the distribution is not mound-shaped, the empirical rule cannot be applied.

Use the following data for the next 3 questions:

Suppose a study of speeding violations and drivers who use car phones produced the following fictional
data:

Speeding violation No speeding violation

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Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01
International University Course: Statistics for Business
Car phone user 63 167

Not a car phone user 89 231

6. What is the probability that a selected driver is not a car phone user and has no speeding violation?
a) 0.724 d) 0.42 231/tổng 4
b) 0.582 e) None of the above, specify__________ c) 0.58

7. What is the probability that a selected driver has speeding violation given that he is a car phone user?
a) 0.414 d) 0.276
b) 0.274 63/(63+167) e) None of the above, specify__________ c) 0.115

8. Consider drivers who are speeding violation, what is the probability that a selected driver is a car
phone user?
a) 0.2739 d) 0.7178
b) 0.4145 63/(63+89) e) None of the above, specify__________ c) 0.3576

Use the following to answer next 2 questions:

Among the group of 20 students who registered for the statistic course, 8 of them are first-year students. 5
students are randomly selected from the group.

9. What is the probability that exactly 2 of the selected students are first-year students?
a) 0.1192 d) 0.3065
b) 0.3486 e) None of the above c) 0.3973 8C2x12C3/20C5

10. What probability that at least 3 of the selected students are first-year students?
a) 0.2962 d) 0.2587 (8C3x12C2 + 8C4x12C1+8C5)/20C5
b) 0.2348 e) None of the above c) 0.3973

Use the following data to answer the next 4 questions:

The sample data is given: 33, 36, 37, 44, 52, 67, 69, 73, 78, 85, 96, 102, 110, 117
11. Median of the above data is: mode 6-1-input-AC-
OPTN-2 fx-580
a) 67 d) 98
b) 71 e) None of the above
c) 64

12. Treat the above data as a sample, its variance is:

a) 806.56 d) 761.76
b) 788.857 e) None of the above, specify _____ c) 800.40 (s2x trong máy tính)

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Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01
International University Course: Statistics for Business

13. The 55th percentile is: Position = 14x55/100 = 7.7 -> 8 vị trí số 8 là 73
a) 72.1 c) 71.4
b) 69.3 d) 73.75
e) None of the above, specify 74.25.

14. The IQR (Inter-Quartile Range) is: i1=14x25/100 = 3.5 => 4 => Q1 = 44
I3=14x75/100 =10.5=> 11 => Q3=96 => IQR=Q3-Q1=52
a) 42.75 d) 82.4
b) 75.6 e) None of the above, specify 55.25 c) 57.6

15. An experienced business-school graduate has a 75% probability of getting a particular job. An
inexperienced business-school graduate has a 40% chance of getting the same job. 60% of business-
school graduates are inexperienced. If the job is offered to a business-school graduate, what is the
probability that the person was inexperienced?
a) 0.24 d) 0.444 (0.6x0.4)/(0.75x0.4+0.6x04)
b) 0.555 e) None of the above, specify_____ c) 0.667
Có 2 loại sv: Có KN và Ko có KN
SV có KN 75% nhận cv
SV ko có KN 40% nhận cv
60% trong trường ko có KN
.Same job
experienced business- 75%
school
inexperienced business- 40%
school

Use the following data for the next 3 questions:

An Indian company offers production of ancient furniture pieces, which have become popular in recent
years. The following table gives the probability distribution of the number of Roman tables sold per day
at a particular Bombay store.
Number of tables Probability

0 0.07

1 0.12

2 0.16

3 0.21

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Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01
International University Course: Statistics for Business
4 0.25

5 0.10

6 0.05

7 0.04

16. The expected value and standard deviation of the number of tables sold per day is:
a) 3.15 and 1.728 d) 3.13 and 1.753
b) 3.15 and 2.988 e) None of the above, specify__________ c) 3.13 and 3.073
17. Find the probability that the number of tables sold per day is at least 3 and less than 6:
a) 0.35 d) 0.40
b) 0.61 e) None of the above, specify__________ c) 0.56 = 0.21+0.25+0.1

18. Assume that the number of tables sold each day is independent. Find the probability that the number
of tables sold per day is at least 2 and less than 5 for 3 consecutive days: 0.16+0.21+0.25
a) 0.62 d) 0.176
b) 0.238 e) None of the above, specify__________ c) 0.373

PART II (64 %)

Question 1:
Given a set of data: 113, 119, 123, 128, 128, 134, 139, 147, 165, 168, 172, 176, 181, 184, 188, 193, 196,
200, 205, 230.

a. What is the mean and the standard deviation of this sample?

Answer: ഥ࢞ = ૚૟૝. ૝૞૙૙; ࢙ = ૜૜.૞૞ૡ૛
b. Find the 1st, 2nd, 3rd quartiles and 68th percentile.
Answer: The 1st quartile (ૢ .૞); The 2nd quartile (૚ૠ૙); The 3rd quartile (૚ૢ
ૢ ૚.ૠ૞); The 68th
percentile (૚ૡ૞.૚૛).
c. Construct the box plot for this data set. Interpret your findings.

Question 2:
A bank has developed a set of criteria for evaluating distressed credit of company. Companies that passed
the test will go bankrupt (non-survivor) with probability 0.4. There are 55% of the companies passed the
test. The probability that a company did not pass the test will subsequently survive is 0.10
a. What is the probability that a random company will survive (not going to bankrupt)? Answer:
0.3750.
b. A random survived company is selected, what is the probability that company passed the test?
Answer: 0.88.
c. What is the probability that a company is a non-survivor, given that it passed the test? Is the test
effective? Answer: 0.4; Not effective.

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Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01
International University Course: Statistics for Business

Question 4:
Consider two boxes, the first contains 2 white and 5 black balls, the second contains 5 white and 6 black
balls. We flip a fair coin and then draw a ball from the first box or the second box depending on whether
the outcome was head or tail.

a. What is the conditional probability that a selected ball from the first box is black? What is the
probability that a selected ball is a black ball? Answer: 0.567; 0.6299.
b. Given that a white ball was selected, what is the conditional probability that the outcome of the toss
was head? Answer: 0.3860.

Question 5:

In a factory, the number of defective items produced per hour has the following distributions:
Number of defective items Probability

1 0.10

2 0.18

3 0.24

4 0.32

5 0.10

6 0.06

a. Prove that this is the probability distribution of the number of defective items. Find the cumulative
distribution of the number of defective items.
b. Find the expected number and the standard deviation of the number of defective items per hour.
Answer: E(X) = 3.32; SD(X) = 1.3182.
c. Find the probability that the number of defective items will be larger than 2 and at most 5. Answer:
0.66
d. Find the probability that the number of defective items will be at most 4 for 4 consecutive hours;
assume that the number of defective items each hour is independent with each other. Answer: 0.4979

Question 6:
According to a survey, 40% of the women love to go shopping in Diamond Plaza, 35% of the women love
to go shopping in Parkson, and 25% of the women love to go shopping in Saigon Square. If 8 women are
selected randomly, what is the probability that:

a. Three of them love to go shopping in Diamond Plaza? Answer: 0.2787

b. At most 3 of them love to go shopping in Parkson? Answer: 0.7064
c. Two of them love to go shopping in Saigon Square? Answer: 0.3115

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Vietnam National University – HCM Academic Year 2013 – 2014, Semester 01
International University Course: Statistics for Business

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