THE INTERNATIONAL UNIVERSITY– VIETNAM NATIONAL UNIVERSITY – HCMC

SCHOOL OF BUSINESS

FINAL EXAMINATION
Date:
Duration: 90 minutes
Student ID: .......................................... Name:................................................

SUBJECT: Statistic for Business

Dean of School Lecturers

Signature: Signature:

Dr. Le Van Chon

Dr. Nguyen Ba Trung
Mr. Nguyen Hoang Phu

GENERAL INSTRUCTION(S)

1. Students can bring only one A4-note (2 pages)

2. Calculator is allowed.
3. Other electronic devices, discussion and sharing materials are strictly prohibited

PLEASE ANSWER DIRECTLY ON THIS SHEET

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Round the result to 4 decimal places, e.g., 0.0001

Question 1 (20 points):

The manufacturer of a low-calorie dairy drink wishes to compare the taste appeal of a new
formula (formula B) with that of the standard formula (formula A). Each of four judges is given
three glasses in random order, two containing formula A and the other containing formula B.
Each judge is asked to state which glass he or she most enjoyed. Suppose that the two formulas
are equally attractive. Let X be the number of judges stating a preference for the new formula
(B).
a) Find the probability function for X ?
b) What is the probability that at least three of the four judges state a preference for the new
formula (B) ?
c) Find the expected value of X ?
d) Find the variance of X ?
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Question 2 (20 points):
Do interruptions while you are working reduce your productivity? According to a University of
California–Irvine study, businesspeople are interrupted at the rate of approximately 51⁄2 times
per hour (Fortune, March 20, 2006). Suppose the number of interruptions follows a Poisson
probability distribution.

a. Show the probability distribution for the time between interruptions.

b. What is the probability a businessperson will have no interruptions during a 15-minute

period?

c. What is the probability that the next interruption will occur within 10 minutes for a
particular businessperson?

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Question 3 (20 points):
Suppose that the Government of Vietnam will delivery COVID-19 vaccine for everyone in 2021.
A logistic company is hired to estimate the time its trucks take to drive from city A to city B. The
population standard deviation is known to be 12 minutes.

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 a. What sample size is required so that the error does not exceed ±2 minutes, with 95
percent confidence?
b. Consider a sample of 25 observations with sample mean of time equals 2 hours, develop
a 90% confidence interval for the true mean of time. ( Hints: find a symmetric interval ,
in hours or minutes)
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Question 4 (20 points):
After the success of the “RapViet” gameshow, a rapper believes that there is at least 70% of
Television Video Commercial (TVC) with a rap song increasing the firm’s brand image. In a
dataset from a survey of 130 managers, there are 89 respondents of improving brand aware after
running a rap TVC.
a. Conduct a test for his claim at the level of significant , 5%.
b. What is the p-value for the test if the test value (Z-test) = -1.2 ?
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Question 5 (20 points):
Guidelines for the Jolly Blue Giant Health Insurance Company say that the average
hospitalization for a triple hernia operation should not exceed 30 hours. A diligent auditor
studied records of 16 randomly chosen triple hernia operations at Hackmore Hospital and found
a mean hospital stay of 40 hours with a standard deviation of 20 hours. "Aha!" she cried, "the
average stay exceeds the guideline." Conduct a right-tail test of her hypothesis with α = 0.01
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