Statistics Questions explained in this solution
Sample Questions Exercise
Determine which of the four levels of measurement. 1 - 3.
1- Based on the Empirical Rule, what percent of the observations will lie above the mean plus two standard deviations?
a- 95%
b- 5%
c- 68%
d- 2.5%
2- If the sample variance for a frequency distribution consisting of hourly wages was computed to be 10, what is the sample standard deviation?
a- $1.96
b- $4.67
c- $3.16
d- $10.00
3- The closing prices of a common stock have been 61.50, 62, 61.25, 60.875 and 61.50
for the past week. What is the range?
a- $1.250
b- $1.750
c- $1.125
d- $1.875
Use the following information to answer questions 4 - 6.
A local newspaper recently conducted a survey of 400 households in the community to determine the number of daily newspapers that were being delivered to the residence. Results were used to obtain the following probability distribution:
x 0 1 2 3 4 or more
P(x) 0.15 0.35 0.35 0.10 0.05
4. What is the probability that a household receives at most 2 daily papers?
a. 0.15
b. 0.35
c. 0.50
d. 0.85
5. What is the probability that a household receives 3 or more daily papers?
a. 0.10
b. 0.15
c. 0.25
d. 0.35
6 What is the probability that a household receives at least 2 daily papers?
a. 0.15
b. 0.20
c. 0.35
d. 0.50
Use the following information to answer questions 7 - 11.
Use the data in the following table, which summarizes blood groups and Rh type for 100 typical people. These values may vary in different regions according to the ethnicity of the population.
Group
O A B AB
Type Rh+ 39 35 8 4
Rh- 6 5 2 1
7- If one person is randomly selected, find the probability of getting someone who is not group A.
a. 0.05
b. 0.40
c. 0.35
d. 0.60
8- If one person is randomly selected, find the probability of getting someone who is type Rh-.
a. 0.15
b. 0.14
c. 0.16
d. 0.17
9- If one person is randomly selected, find the probability of getting someone who is group A or type Rh-.
a. 0.49
b. 0.54
c. 0.35
d. 0.50
10- If one person is randomly selected, find the probability of getting someone who is group A or group B.
a. 0.40
b. 0.10
c. 0.05
d. 0.50
11- If one person is randomly selected, find the probability of getting someone who is group AB or type Rh+.
a. 0.05
b. 0.04
c. 0.87
d. 0.86
This question has the following supporting file(s):
- Sample questions.doc
This answer includes:
- Plain text
- Cited sources when necessary
Active since 2003
Responses 2016
Extracted Content from Question Files:
- Sample questions.doc
1
Sample Questions Exercise
Determine which of the four levels of measurement. 1 – 3.
1- Based on the Empirical Rule, what percent of the observations will lie above the
mean plus two standard deviations?
a- 95%
b- 5%
c- 68%
d- 2.5%
2- If the sample variance for a frequency distribution consisting of hourly wages was
computed to be 10, what is the sample standard deviation?
a- $1.96
b- $4.67
c- $3.16
d- $10.00
3- The closing prices of a common stock have been 61.50, 62, 61.25, 60.875 and 61.50
for the past week. What is the range?
a- $1.250
b- $1.750
c- $1.125
d- $1.875
Use the following information to answer questions 4 - 6.
A local newspaper recently conducted a survey of 400 households in the community to
determine the number of daily newspapers that were being delivered to the residence.
Results were used to obtain the following probability distribution:
0 1 2 3 4 or more
x
0.15 0.35 0.35 0.10 0.05
P(x)
4.What is the probability that a household receives at most 2 daily papers?
a. 0.15
b. 0.35
c. 0.50
d. 0.85
5.What is the probability that a household receives 3 or more daily papers?
a. 0.10
b. 0.15
c. 0.25
2
d. 0.35
6 What is the probability that a household receives at least 2 daily papers?
a. 0.15
b. 0.20
c. 0.35
d. 0.50
Use the following information to answer questions 7 - 11.
Use the data in the following table, which summarizes blood groups and Rh
type for 100 typical people. These values may vary in different regions
according to the ethnicity of the population.
Group
O A B AB
Type Rh+ 39 35 8 4
Rh- 6 5 2 1
7- If one person is randomly selected, find the probability of getting someone
who is not group A.
a. 0.05
b. 0.40
c. 0.35
d. 0.60
8- If one person is randomly selected, find the probability of getting someone
who is type Rh-.
a. 0.15
b. 0.14
c. 0.16
d. 0.17
9- If one person is randomly selected, find the probability of getting someone
who is group A or type Rh-.
a. 0.49
b. 0.54
c. 0.35
3
d. 0.50
10- If one person is randomly selected, find the probability of getting someone
who is group A or group B.
a. 0.40
b. 0.10
c. 0.05
d. 0.50
11- If one person is randomly selected, find the probability of getting someone
who is group AB or type Rh+.
a. 0.05
b. 0.04
c. 0.87
d. 0.86

"Your explanation to the answers were very helpful."
"What does 1 and 0 means in the repair column?"
"Went through all of the formulas, excellent work! This really helped me!"
"try others as well please"
"Thank you, this helped a lot. I was not sure how to plug in those numbers to a formula. This was a great help. Now I have to figure out how to explain cost of capital is used in net present value analysis, and how cost of capital is used in net present value analysis. This stuff gets confusing."