The School of Economics and Business

Statistics in Economics and Management

Exercise 10

Content of exercises for the course Statistics in Economics and Management

X week
Probability distributions
Example 1.
Producing machine provides 20% incorrect products. Let's randomly pick 4 produced products.
Find the probability that:
a) There is exactly one incorrect product.
b) There is no incorrect products.
c) There is at least one correct product.
Example 2.
Let X ~ B( 20;0,3) . Find p[5 < X < 11] .
Example 3.
There are a few technicians that are employed in a computer service. Repairments are providing
with delay, for several reasons. Delay is assumed to be repairment 2 or more days after client
called.
Suppose that calls are independent and the probability of delay after each call is p = 0,2 . A
client called service 8 times.
Let X be random variable number of delays in repairments, made after 8 calls of a particular
client.
a) What is probability distribution of random variable X?
b) Find the mean (expected value) and variance of X.
c) Find the probability that
There is at least one delay in repairments.
There are up to 3 delays in repairments.
There are less than 4 delays in repairments, if we know that there is at least one
delay in repairments.
Example 4.
Random variable number of persons that have allergies on particular vaccine type follows
Poisson's probability distribution. If it is expected 6 persons that have allergies on particular
vaccine type, find the probability that:
a) 3 persons have allergies on particular vaccine type;
b) More than 3 persons have allergies on particular vaccine type
Example 5.
We calculated coefficient of skewness a 3 = 0,5 for Poissons random variable. Calculate
p[ X > 2] and coefficient of kurtosis.

The School of Economics and Business

Statistics in Economics and Management
Exercise 10
Example 6.
Random variable X follows Normal probability distribution, X ~ N ( 8,4) . Find the probabilities
that X 9 , 2 X 6 and X > 9,5 .
Example 7:
Variable X~ N (10;1,69) .
a) If the tolerance limits are x1 = 9 and x 2 = 12 , what percent of values of variable X can be
expected inside the tolerance limits?
b) Find the boundaries of interval ( x1 , x 2 ) , that is symmetric around E ( X ) , so probability that
value of variable X belongs to interval ( x1 , x 2 ) is 96%.
Example 8.
Results of some intelligence test for persons of the same age follows the Normal probability
distributions. Expected value of intelligence coefficient (IQ) is 100 and standard deviation is 15.
a) What minimal IQ have person on the top 2% of population?
b) What maximal IQ have person on the bottom 10% of population?
Example 9.
Random variable X follows Normal probability distribution with expected value of 6 and
standard deviation of 2. Find the interval, symmetric around expected value, so probability that
value of X belongs to the interval is 0,9844.