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Business Statistics Tutorial: Probability Problems

The document contains a tutorial for a Business Statistics course at S. V. National Institute of Technology, Surat, featuring various probability problems including conditional probabilities, binomial distributions, Poisson probabilities, and normal distribution calculations. It also includes theoretical questions on conditional probability and Bayes' Theorem, as well as explanations of different events in probability. The tutorial aims to enhance understanding of statistical concepts through practical applications and problem-solving.

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Rahul Thawani
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4 views2 pages

Business Statistics Tutorial: Probability Problems

The document contains a tutorial for a Business Statistics course at S. V. National Institute of Technology, Surat, featuring various probability problems including conditional probabilities, binomial distributions, Poisson probabilities, and normal distribution calculations. It also includes theoretical questions on conditional probability and Bayes' Theorem, as well as explanations of different events in probability. The tutorial aims to enhance understanding of statistical concepts through practical applications and problem-solving.

Uploaded by

Rahul Thawani
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

S. V.

National Institute of Technology, Surat


Department of Management Studies
MS 101: Business Statistics.
Tutorial 2
Q-1) A manufacturing firm produces units of a product in four plants.
Define event A1: a unit is produced in plant i, i = 1, 2, 3, 4 and event B a unit is defective.
From the past records of the proportions of defectives produced at each plant the following conditional
probabilities are set:
P(B/A1) = 0.05, P(B/A2) = 0.10, P(B/A3) = 0.15, P(B/A4) = 0.02.
The First plant produces 30 percent of the units of the product, The second plant 25 percent, third plant
produces 40 percent and the fourth plant 5 per cent. A unit of the product made at the one of these plants is
tested and is found to be defective. What is the probability that the unit was produced in plant 3?

Q-2) A Gallup survey found that 65% of all financial consumers were very satisfied with their primary
financial institution. Suppose that 25 financial consumers are sampled. If the Gallup survey result still holds
true today. What is the probability that exactly 19 are very satisfied with their primary financial institution?

Q-3) A manufacturing company produces 10,000 plastic mugs per week. This company supplies mugs to
another company, which packages the mugs as part of picnic sets. The second company randomly samples 10
mugs sent from the supplier. If two or fewer of the sampled mugs are defective, the second company accepts
the lot. What is the probability that the lot will be accepted if the mug manufacturing company actually is
producing mugs that are 10% defective? 20% defective? 30% defective? 40% defective?

Q-4) Calculate each Poisson probability:


a. Fewer than 4 arrivals with 2 = 5.8.
b. At least 3 arrivals with 2 = 4.8.
c. At most 9 arrivals with 1 = 7.0.
d. More than 10 arrivals with 2 = 8.0.

Q-5) A pen company averages 1.2 defective pens per carton produced (200 pens). The number of defects per
carton is Poisson distributed.
a. What is the probability of selecting a carton and finding no defective pens?
b. What is the probability of finding eight or more defective pens in a carton?
c. Suppose a purchaser of these pens will quit buying from the company if a carton contains more than three
defective pens. What is the probability that a carton contains more than three defective pens?

Q-6) Determine the probabilities for the following normal distribution problems.
μ = 604, σ = 56.8, x ≤ 635
μ = 48, σ = 12, x < 20
μ = 111, σ = 33.8, 100 ≤ x < 150
μ = 264, σ = 10.9, 250 < x < 255
μ = 37, σ = 4.35, x > 35
μ = 156, σ = 11.4, x ≥ 170

Q-7) According to CBS Money Watch, the average monthly household cellular phone bill is
$100. Suppose monthly household cell phone bills are normally distributed with a standard deviation of
$11.35.
a. What is the probability that a randomly selected monthly cell phone bill is more than $127?
b. What is the probability that a randomly selected monthly cell phone bill is between $87 and $110?
c. What is the probability that a randomly selected monthly cell phone bill is between $107 and $117?
d. What is the probability that a randomly selected monthly cell phone bill is no more than $82?

Q-8) Give a brief about conditional probability and explain Bayes’ Theorem in detail.
Q-9) Explain the Different events of probability.

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