THE INTERNATIONAL UNIVERSITY (IU) Course: Statistics for Business
School of Business
INDEX 1
MID-TERM EXAMINATION
STATISTICS FOR BUSINESS Duration: 120
minutes
Dean of School of Head of Industrial & Sytems Lecturer Student ID: Date:
Business Engineering July 22, 2013
Name:
Dr. Ho Nhut Quang Assoc Prof Ho Thanh Phong Mr Nguyen Bac Huy
INSTRUCTIONS:
1. This is an open book examination. Laptops, mobile phones are not allowed.
2. Use of calculator is allowed;
3. Discussion and material transfer are strictly prohibited.
Total pages: 05 (including this page)
PART I: Multiple-choice questions (40 points):
A teacher recorded the following exam scores (out of a possible 100 points) for 16 students.
47 62 58 79 61 43 55 77 100 53 57 63 83 96 41 67
1. Find the mean and variance of the above sample:
a) [66.476; 207.224]
b) [65.125; 308.248]
c) [75.771; 113.229]
d) None of the above, specify__________
2. The 84th percentile of this example is:
a) 86.64
b) 68.45
c) 75.51
d) None of the above, specify__________
3. The interquartile range (IQR) of this example is:
a) 25
b) 45
c) 75
d) None of the above, specify__________
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THE INTERNATIONAL UNIVERSITY (IU) Course: Statistics for Business
School of Business
4. The outer fences are given by:
a) [29.5, 76.25]
b) [-21.5, 153.5]
c) [20.7, 148.5]
d) None of the above, specify____________
5. The probability of obtaining a value greater than 110 in a normal distribution in which the mean is
100 and the standard deviation is 10 is ______________ the probability of obtaining a value
greater than 650 in a normal distribution with a mean of 500 and a standard deviation of 100.
a) less than
b) greater than
c) equal to
d) insufficient information to answer
6. There are 50 identical stamps with 16 stamps containing pictures and the remaining stamps contain
numbers. If the stamps were placed in a paper bag and thoroughly mixed, and you select one of the
stamps, do not replace it and select another. What is the probability that you will randomly select
a stamp with picture on the first draw and a stamp with number on the second draw?
a) 1/2450
b) 136/625
c) 1/2
d) None of the above, specify____________
Consider 4 boxes. Box A contains 7 red and 5 blue balls; box B contains 4 red and 6 blue balls, box C
contains 8 red and 8 blue balls and box D contains 6 red and 10 blue balls. A box is selected randomly
and a ball is randomly picked from the box.
7. What is the probability that it is a red ball?
a) 1/8
b) 91/180
c) 5/12
d) 223/480
8. The probability of getting an A in Statistics is 20% and the probability of getting an A in
Marketing is 45%. The probability of getting an A in both classes is 6%. Which statement
is true?
a) These 2 events are independent
b) These 2 events are dependent
c) Inconclusive
d) None of the above, specify_________
9. If P(A) = 0.04, P(B) = 0.35, and P(A | B) = 0.24, then P(A ∪ B) is:
a) 0.0306
b) 0.124
c) 0.306
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THE INTERNATIONAL UNIVERSITY (IU) Course: Statistics for Business
School of Business
d) None of the above, specify__________________
10. Jack tosses a coin 3 times. What is the probability that he gets at most 2 Tails?
a) 0.125
b) 0.875
c) 0.5
d) 0.375
e) None of the above, specify__________
Use the following data for the next 3 questions:
The table below shows the numbers of boys and girls who are playing different kinds of sports in a
sport club:
Sport
Football Basketball Badminton
Boys 220 84 89
Girls 85 85 163
11. What is the probability that a randomly selected child in the club is playing football?
a) 0.58
b) 0.36
c) 0.42
d) None of the above, specify__________
12. What is the probability that a randomly selected child in the club is playing all sports given that the
child is a boy?
a) 0.541
b) 0.076
c) 0.311
d) None of the above, specify___________
13. What is the probability that a randomly selected child in the club is not playing basketball given
that the child is a girl?
a) 0.341
b) 0.117
c) 0.340
d) None of the above, specify____________
14. It is estimated that 32% of all adults in a nation are obese and that 7% suffer from diabetes.
If 6% of the population both is obese and suffers from diabetes, what percentage of the
population is only obese or only suffer from diabetes?
a) 33%
b) 27%
c) 42%
d) 1%
Use the following data for the next 2 questions:
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THE INTERNATIONAL UNIVERSITY (IU) Course: Statistics for Business
School of Business
A committee of 5 people to be selected randomly from a group of 6 men and 8 women.
15. What is the probability the committee will consist of 3 men and 2 women?
a) 0.256
b) 0.417
c) 0.366
d) None of the above, specify_____________
16. What is the probability that the committee will consist of more than 2 men?
a) 0.4825
b) 0.2797
c) 0.3427
d) None of the above, specify____________
PART II: Writing (60 points):
Question 1: (15 points)
A student recorded the marks (out of 100) that she achieved. The recordings were as follows:
87 65 50 50 87 96 100 77 78 86 87 53 46 85 45 76 88 94
a) Find the mean, mode and variance.
b) Find percentile 65th
Question 2: (10 points)
The Ritz-Carlton Hotel used a customer opinion questionnaire to obtain performance data
about its dining and entertainment services (The Ritz-Carlton Hotel, Naples, Florida,
February 2006). Customers were asked to rate six factors: Welcome, Service, Food, Menu
Appeal, Atmosphere, and Overall Experience. Data were recorded for each factor with 1
for Fair, 2 for Average, 3 for Good, and 4 for Excellent.
a) The customer responses provided data for six variables. Are the variables categorical or
quantitative?
b) What measurement scale is used?
Question 3: (15 points)
a) Mr Jones has 10 books that he is going to put on his bookshelf. Of these, 4 are Maths
books, 3 are Chem books, 2 are history books and 1 is language book. How many different
arrangements that Jones can arrange his books so that all the books dealing with the same
subject are together on the shelf?
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THE INTERNATIONAL UNIVERSITY (IU) Course: Statistics for Business
School of Business
b) A computer program requires the user to enter a 7-digit registration code made up the
digits 1, 2, 4, 5, 6, 7 and 9. Each number has to be used and no number can be used more
than once. What is the probability that the first three digits of the code are even numbers?
c) James wishes to sell 2 books from his book collection: 5 Statistics books, 12 Physics books
& 3 Economics books. How many possible ways there are if those 2 books are different
subjects?
Question 4: (5 points)
Lucky Number is a lottery game with the following rule:
A random drawing of 4 numbers out of all 33 numbers from 1 to 33 is made. To win the special
prize of the game, a person must get the correct 4 numbers drawn, regardless of their order.
a) What is the probability of winning the special prize of the game?
b) If a person chooses correctly 2 out of the 4 winning numbers, he gets $200. What is the
probability of winning $200?
Question 5: (15 points)
You ask your sister to feed your sickly cat while you are away. Without feeding it will die with
probability 0.65; with food it will die with probability 0.08. You are 95 percent certain that your
sister will remember to feed your cat.
a) What is the probability that the cat will be alive when you return?
b) If it is dead, what is the probability your sister forgot to feed it?
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