Problem: A bank issues credit cards to customers under the scheme of Master Card.

Based on the past data,

the bank has found out that 60% of all accounts pay on time following the bill. If a sample of 7 accounts is
selected at random from the database, construct the Binomial Distribution of accounts paying on time?
Random Variable: x = number of accounts paying on time, 1-7
p=
Sample Size =

0.6
7
Binomial Distribution
No.Accounts
0
1
2
3
4
5
6
7

Probability Cumulative Probability

0.0016384
0.0016384
0.0172032
0.0188416
0.0774144
0.096256
0.193536
0.289792
0.290304
0.580096
0.2612736
0.8413696
0.1306368
0.9720064
0.0279936
1

0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
1

Mean
Standard deviation

P( x )=

4.2
1.3

n x
( n x )
p ( 1 p )
x

()

1.2
1
0.8
0.6
0.4
0.2
0
6

( 1 p )( n x )

Proble: If on an average, 3 customers arrive every one minutes at a bank during the busy hours of working,
(a) what is the probability that exatly four customers arrive in a given minute?
(b) what is the probability that more than three customers arrive in a given minute?

Mean =

No.of Customers
0
1
2
3
4
5
6
7
8
9
10

Probability Cumulative Probability

0.0497871
0.0497870684
0.1493612
0.1991482735
0.2240418
0.4231900811
0.2240418
0.6472318888
0.1680314
0.8152632445
0.1008188
0.916082058
0.0504094
0.9664914647
0.021604
0.9880954961
0.0081015
0.9961970079
0.0027005
0.9988975119
0.0008102
0.999707663

0.25

0.2

0.15

0.1

0.05

0
1

Mean
Standard deviation

10

11

3
1.73

e x
P( x )=
x!

1.2
1
0.8
0.6
0.4
0.2
0
8

10

11

e x
=
x!

10

11

Problem: The mean weight of a morning breakfast cereal pack is 0.295 kg with a standard deviation of 0.025 kg.
The random variable weight of the pack follows a normal distribution. Answer the following questions:
(1) What is the probability that the pack weighs less than 0.280 kg?
0.274253
27.43
(2) What is the probability that the pack weighs more than 0.350 kg?
0.013903
1.39
(3) What is the probability that the pack weighs between 0.260 to 0.340?
0.883313
88.33

Mean
Standard deviation

0.295
0.025

x
Z valueProbability Cumulative Probability
0.16
-5.4 7.4E-006 3.332044848543E-008
0.175
-4.8 0.000158 7.933281519756E-007
0.19
-4.2 0.002358 1.334574901591E-005
0.205
-3.6 0.024476
0.0001591086
0.22
-3 0.177274
0.001349898
0.235
-2.4 0.895781
0.0081975359
0.25
-1.8 3.158006
0.0359303191
0.265
-1.2 7.767442
0.1150696702
0.28
-0.6 13.32898
0.2742531178
0.295
0 15.95769
0.5
0.31
0.6 13.32898
0.7257468822
0.325
1.2 7.767442
0.8849303298
0.34
1.8 3.158006
0.9640696809
0.355
2.4 0.895781
0.9918024641
0.37
3 0.177274
0.998650102
0.385
3.6 0.024476
0.9998408914
0.4
4.2 0.002358
0.9999866543

18
16
14
12
10
8
6
4
2
0
1

10

11

12

13

14

15

16

17

1
f ( y )=
e
2

eviation of 0.025 kg.

1.2
1
0.8
0.6
0.4
0.2
0
4

10

11

12

13

14

15

16

17

f ( y )=

1
e
2

1
2

( y )2

10

11

12

13

14

15

16

17

Problem: If breakdowns in an equipment occur completely at random, with an average interval between breakdowns of 10 mon
What is the probability that the next breakdown will occur in 6 months or less?
MTBF
Lambda

10
0.10
No.of Breakdowns
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Probability Cumulative Probability

0.1
0
0.090484
0.095162582
0.081873
0.1812692469
0.074082
0.2591817793
0.067032
0.329679954
0.060653
0.3934693403
0.054881
0.4511883639
0.049659
0.5034146962
0.044933
0.5506710359
0.040657
0.5934303403
0.036788
0.6321205588
0.033287
0.6671289163
0.030119
0.6988057881
0.027253
0.727468207
0.02466
0.7534030361
0.022313
0.7768698399
0.02019
0.798103482
0.018268
0.8173164759
0.01653
0.8347011118
0.014957
0.8504313808
0.013534
0.8646647168
0.012246
0.8775435717
0.01108
0.8891968416
0.010026
0.8997411563

0.12
0.1
0.08
0.06
0.04
0.02
0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2

Mean
Standard deviation

1
f ( y )= e

een breakdowns of 10 months,

1.2
1
0.8
0.6
0.4
0.2
0

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

10
10

Standard deviation

1
f ( y )= e

10

11

12

13

14

15

16

17

Random
Numbers
0.011017
0.223609
0.731773
0.868435
0.129124
0.451613
0.141209
0.646748
0.395672
0.529649
0.368175
0.011292
0.069979
0.823603
0.760277
0.697867
0.439711
0.253517
0.781854
0.317942
0.324412
0.058504
0.799982
0.542619
0.057588
0.282052
0.739097
0.084994
0.353526
0.25959
0.011017
0.223609
0.731773
0.868435
0.129124
0.451613
0.141209
0.646748
0.395672
0.529649
0.368175
0.011292
0.069979
0.823603
0.760277
0.697867

Random
Numbers
0.709098
0.658773
0.990661
0.296579
0.744896
0.259621
0.877194
0.931516
0.367656
0.223518
0.580187
0.483718
0.891842
0.527543
0.402997
0.121525
0.710746
0.618885
0.025056
0.831111
0.411176
0.245735
0.769829
0.990417
0.45204
0.125675
0.264718
0.546434
0.189032
0.608509
0.709098
0.658773
0.990661
0.296579
0.744896
0.259621
0.877194
0.931516
0.367656
0.223518
0.580187
0.483718
0.891842
0.527543
0.402997
0.121525

Random
Numbers
0.620106
0.14127
0.921751
0.469192
0.024262
0.845393
0.114658
0.719291
0.226569
0.252297
0.95761
0.970489
0.507004
0.706717
0.001953
0.091525
0.416334
0.744285
0.491012
0.161534
0.558153
0.224555
0.681722
0.373302
0.677206
0.950377
0.988922
0.126377
0.710807
0.304422
0.620106
0.14127
0.921751
0.469192
0.024262
0.845393
0.114658
0.719291
0.226569
0.252297
0.95761
0.970489
0.507004
0.706717
0.001953
0.091525

Random
Numbers
0.775445
0.204382
0.999023
0.622517
0.983398
0.48793
0.270821
0.214423
0.150884
0.693594
0.575701
0.200049
0.268563
0.459639
0.375011
0.352489
0.991089
0.046846
0.593829
0.821741
0.91644
0.064425
0.280129
0.549272
0.945677
0.737419
0.797327
0.114322
0.753533
0.121006
0.775445
0.204382
0.999023
0.622517
0.983398
0.48793
0.270821
0.214423
0.150884
0.693594
0.575701
0.200049
0.268563
0.459639
0.375011
0.352489

Random
Numbers
0.433058
0.359416
0.674612
0.521683
0.682394
0.573229
0.082797
0.299295
0.897641
0.710379
0.598926
0.736198
0.115146
0.338664
0.991577
0.87463
0.949675
0.573077
0.021241
0.603076
0.880917
0.521867
0.587512
0.037019
0.300089
0.110111
0.276345
0.605274
0.222571
0.061281
0.433058
0.359416
0.674612
0.521683
0.682394
0.573229
0.082797
0.299295
0.897641
0.710379
0.598926
0.736198
0.115146
0.338664
0.991577
0.87463

Mean
0.509745
0.31749
0.863564
0.555681
0.512815
0.523557
0.297336
0.562255
0.407685
0.481887
0.61612
0.480349
0.370507
0.571233
0.506363
0.427607
0.701511
0.447322
0.382598
0.547081
0.61822
0.223017
0.623835
0.498526
0.48652
0.441127
0.613282
0.29548
0.445894
0.270962
0.509745
0.31749
0.863564
0.555681
0.512815
0.523557
0.297336
0.562255
0.407685
0.481887
0.61612
0.480349
0.370507
0.571233
0.506363
0.427607

80
70
60
50
40
30
20
10
0
1

0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1

10

0.439711
0.253517
0.781854
0.317942
0.324412
0.058504
0.799982
0.542619
0.057588
0.282052
0.739097
0.084994
0.353526
0.25959

0.710746
0.618885
0.025056
0.831111
0.411176
0.245735
0.769829
0.990417
0.45204
0.125675
0.264718
0.546434
0.189032
0.608509

0.416334
0.744285
0.491012
0.161534
0.558153
0.224555
0.681722
0.373302
0.677206
0.950377
0.988922
0.126377
0.710807
0.304422

0.991089
0.046846
0.593829
0.821741
0.91644
0.064425
0.280129
0.549272
0.945677
0.737419
0.797327
0.114322
0.753533
0.121006

0.949675
0.573077
0.021241
0.603076
0.880917
0.521867
0.587512
0.037019
0.300089
0.110111
0.276345
0.605274
0.222571
0.061281

0.701511
0.447322
0.382598
0.547081
0.61822
0.223017
0.623835
0.498526
0.48652
0.441127
0.613282
0.29548
0.445894
0.270962

20
18
16
14
12
10
8
6
4
2
0
5

10

Bin
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
More

Frequency
0
32
28
42
26
24
32
28
38
20
30
0

Bin
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
More

Frequency
0
0
0
8
6
18
16
8
2
2
0
0