Exam

Name___________________________________
MULTIPLE CHOICE.
TABLE 2-3

Choose the one alternative that best completes the statement or answers the question.

Every spring semester, the School of Business coordinates a luncheon with local business leaders for graduating seniors,
their families, and friends. Corporate sponsorship pays for the lunches of each of the seniors, but students have to
purchase tickets to cover the cost of lunches served to guests they bring with them. The following histogram represents
the attendance at the senior luncheon, where X is the number of guests each graduating senior invited to the luncheon
and f is the number of graduating seniors in each category.

1) Referring to the histogram from Table 2-3, how many graduating seniors attended the luncheon?
A) 275 B) 4
C) 388 D) 152
2) If two events are mutually exclusive, what is the probability that one or the other occurs?
A) 0
B) 0.50
C) 1.00
D) Cannot be determined from the information given
3) The collection of all possible events is called
A) the null set. B) a simple probability.
C) a joint probability. D) a sample space.

1) _______

2) _______

3) _______

4) The employees of a company were surveyed on questions regarding their educational background (college degree or
no college degree) and marital status (single or married). Of the 600 employees, 400 had college degrees, 100 were single,
and 60 were single college graduates. The probability that an employee of the company is married and has a college
degree is
4) _______
A) 0.667.

B) 0.833.

C) 0.567.

D) 0.0667.

5) For some value of Z, the value of the cumulative standardized normal distribution is 0.2090. The value of Z is
_______
A) -0.81.

B) 0.31. C) -0.31.

5)

D) 1.96.

6) The probability that house sales will increase in the next 6 months is estimated to be 0.25. The probability that the
interest rates on housing loans will go up in the same period is estimated to be 0.74. The probability that house sales or

interest rates will go up during the next 6 months is estimated to be 0.89. The probability that neither house sales nor
interest rates will increase during the next 6 months is 6) _______
A) 0.195.

B) 0.11. C) 0.89. D) 0.90.

7) If n = 10 and = 0.70, then the standard deviation of the binomial distribution is

A) 1.45. B) 7.00. C) 14.29.
D) 0.07.

7) _______

8) A company has 2 machines that produce widgets. An older machine produces 23% defective widgets, while the new
machine produces only 8% defective widgets. In addition, the new machine produces 3 times as many widgets as the
older machine does. What is the probability that a randomly chosen widget produced by the company is defective?
8) _______
A) 0.310

B) 0.1175

C) 0.156 D) 0.078

9) If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a
normal distribution with a mean of 3.5 minutes and a standard deviation of 1 minute, 75.8% of the college students will
take more than how many minutes when trying to find a parking spot in the library parking lot? 9) _______
A) 2.8 minutes B) 4.2 minutes C) 3.4 minutes D) 3.2 minutes
10) You have collected information on the consumption by the 15 largest coffee-consuming nations. Which of the
following is the best for presenting the shares of the consumption?
10) ______
A) A side-by-side bar chart
B) A pie chart
C) A contingency table D) A Pareto chart

1) A
2) D
3) D
4) C
5) A
6) B
7) A
8) B
9) A
10) D