ECON 261 Brian is the awn er ef Tr'DE helieepters

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Brian is the awn er ef Tr'DE helieepters. He knews that fer the past
year, his eempa ny has
had an ayerage of 1D pee-pie yemit during the Las 1l.l'egas Strip teur
per year. Assuming
this is aceu rate. use the Paissen d istributi an table te determine the
probability that: fewer than 10 peeple will yemit next year (:1: p =
.5330
C) p = .5421
[j p = .453":
[3. p = .413":
C) p = .1001] Question 11 1 p1: Brian is the awn er ef Tr'DE
helieepters. He knews that fer the past year, his eempa ny has
had an ayerage ef 1D pee-pie yamit during the Las 1l.l'egas Strip teur
per year. Assuming
this is aceu rate. use the Pdissen distributien table te determine the
preba hility that: 15 peeple will yemit ever the next twe years Brian is
the ewner ef TED? helicopters. He knaws that fer the past year, his
eempa rw has
had an average of 1C! pee-pie vemit during the Las 1|-.I"egas
Strip teur per year. Assuming
this is accurateI use the Puisseh distributien table to determine the
|::cr-::+hai:uiiit1|:r that: mare than 5 peeple will mmit next month
Which probability distribution would be appropriate to determine the
probability that
any given employee will have an IQ aboye 101.5? C) binomial
probability distribution
0 Poisson probability distribution
0 either the binomial or Poisson probability distribution C) none of
the probability distributions listed Assume that the ayerage number of
births in a hospital is 2.15 per day. Which probability
distribution would be appropriate to determine the probability that
less than 4 births
will occur today? 0 binomial probability distribution
C) Poisson probability distribution
0 either the binomial or Poisson probability distribution CI none of
the probability distributions listed

An e-commerce Web site claims that 1595 of people who visit the site
make a purchase.
1ll'lll'hich probabilitv distribution would be appropriate to determine
the proba biiitv that
less than 3 people in a sample of 15 will make a purchase? [:31
binomial probabilitv distribution
[:31 Poisson probabilitv distribution
[:31 either the binomial or Poisson probabilitv distribution [:31 none
of the proba bilitv distributions listed Question 4 (LS p13 The number
of cars that visit a gas station in an hour is an example of a _____;
whereas the number of gallons of gas sold in an hour is an example of
[:31 discrete variable 1" continuous variable
C: continuous va ria bie 1" discrete variable
C; binomial variable .u" Poisson variable [:31 Poisson
variabie.-Ir binomial variable

A repert issued by the American Asseciatien el= Building

Centracters indicates that AGES
ef all heme buyers will de seme remedeling te their heme within the
rst 5 years ef
heme ewnership. Assuming this is true, determine the expected
number Ei.e., mean} ef
heme buyers frem a sample ef ED he me buyers that will de seme
remedeling te their heme within the rst 5 years el heme ewnership.
Questien s 1 p1: A repert issued by the American Asseciatien el
Building Centracters indicates that 40%
cf all heme buyers will de seme remedeling te their heme within the
rst 5 years ef
heme ewnership. Assuming this is true, determine the expected spread
in the number
li.e., mean t 1 standard del.uria1:ien}el= heme buyers {trem sample
eF 2D heme buyers]
that will de seme remedeling te their heme within the rst 5 years ef
heme ewnership.

A rep-ert issued by the American Asseeiatien eF Building

Centraeters indiea tes that 40%
ef all heme buyers will de seme remedeling te their heme within the
rst 5 years ef he me ewnership. Assuming this is true, use the hine
mial distributien table te determine
the unreliability that in a randem sample ef 2E! heme buyers: 2 er
fewer will remedel their he mes within the rst 5 years C) p = .ssss
C) p = .4234
C) p = .eess
C) p = .eees
C) p = .9551 C) p=.s1es

A repert issued by the American Asseeiatien el Building Centraeters

indicates that sees
ef all heme buyers will de seme remedeling te their heme within the
rst 5 years ef
heme ewnership. Assuming this is true, use the hinemial distributien
table te determine
the erehabilityr that in a randem sample ef 2E! heme buyers: 3 will
remedel their hemes within the rst 5 sea rs C) p = .s1ae
C? p = .2ae4
C) p = .eass
[j p = .eeas
C) p = .e1se C) p = .e124

A rep-ert issued by the American Asseeiatien el Building

llZentraIeters indicates that sees
ef all heme buyers will de seme remedeling te their heme within the
rst 5 years ef he me ewnership. Assu ming this is true, use the brine
mial distributien table te determine
the erehability that in a rand em sample ef ED he me buyers: 5 er
mere will remedel their hemes within the rst 5 years p=.1ass
Dp=.949
Qp=.2see
Geai
Ci p=1 Ci p=.e1e2