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Activity-1-With-Answer - Man Sci
Activity-1-With-Answer - Man Sci
INSTRUCTIONS:
Write your FINAL ANSWER in the space provided.
Do not write anything on the quiz questionnaire OTHER THAN YOUR FINAL ANSWER.
Round your FINAL ANSWER to the nearest 4 DECIMALS.
Use BLACK BALLPEN in writing your answer. (Friction pen is PROHIBITED) NO ERASURE.
PROBLEM SOLVING:
1. The following table shows a partial probability distribution for the Kyut A. Co’s projected profits (in thousands of Peso) for the first
year of operation (the negative value denotes a loss):
x f(x)
-100 0.10
0 0.20
50 0.30
100 0.25
150 0.10
200
a. What is the value of f(200)? 0.05
b. What is the probability that Kyut A Co. will be profitable? 0.70
c. What is the probability that Kyut A Co. will make at least P100,000? 0.40
2. Data were collected on the number of operating rooms in use at SUGO Hotel over a 20-day period. On 3 of the days only one
operating room was used; on 5 days, two were used; on 8 days, three were used; and on 4 days all four rooms were used.
a. What was the average number of rooms used in the 20-day period? 2.65 or 3 rooms
b. Compute the 2 4.09
c. Compute the 2.02
4. Most computer languages have a function that can be used to generate random numbers. In Microsoft’s Excel, the RAND function
can be used to generate random numbers between 0 and 1. If we let x denote the random number generated, then x is a continuous
random variable with the probability density function:
a. What is the probability of generating a random number between 0.25 and 0.75? 0.50
b. What is the probability of generating a random number with a value less than or equal to 0.30? 0.30
c. What is the probability of generating a random number with a value greater than 0.60? 0.40
5. The demand for a new product is estimated to be normally distributed with = 200 and = 40. Let x be the number of units
demanded, and find the following probabilities:
a. P(180 < x < 220) 0.38292
b. P(x > 250) 0.10565
c. P(x < 100) 0.00621
d. P(225 < x < 250) 0.16034
7. More than 50 million guests stayed at bed and breakfasts (B&Bs) last year. The website for the Bed and Breakfast Inns of Baguio City,
which averages approximately seven visitors per minute, enables many B&Bs to attract guests.
a. What is the probability of no website visitors in a 1-minute period? 0.0009
b. What is the probability of two or more website visitors in a 1-minute period? 0.9927
c. What is the probability of one or more website visitors in a 30-second period? 0.9698
d. What is the probability of five or more website visitors in a 1-minute period? 0.8271