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Ebook Business Statistics A First Course 3Rd Edition Sharpe Test Bank Full Chapter PDF
Ebook Business Statistics A First Course 3Rd Edition Sharpe Test Bank Full Chapter PDF
6.1.2 Find the expected value and standard deviation of a random variable.
1. A fast food restaurant just leased a new freezer and food fryer for three years. The
service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
service charge for each repair needed. The restaurant’s research indicates that during a
given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
twice, 4% three times, and none required more than three repairs.
a. Find the expected number of repairs for this freezer per year.
c. What are the mean and standard deviation of the restaurant’s annual expense with the
service contract for the freezer?
a. What is the probability that exactly 7 will be resolved within one hour?
b. What is the probability that at least 7 will be resolved within one hour?
c. How many customers would be expected to have their service problems resolved
within one hour?
a. What is the probability that fewer than 3 calls are received per hour?
b. What is the probability that at least 3 calls are received per hour?
c. What is the probability that more than 6 calls are received per hour?
6-1
Copyright © 2017 Pearson Education, Inc.
6-2 Chapter 6 Random Variables and Probability Models
a. What is the probability that the fourth part retrieved from stock is the first defective?
b. What is the probability that the tenth part retrieved from stock is defective?
c. What is the expected number of parts retrieved until the first defective part?
1. A fast food restaurant just leased a new freezer and food fryer for three years. The
service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
service charge for each repair needed. The restaurant’s research indicates that during a
given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
twice, 4% three times, and none required more than three repairs.
a. Find the expected number of repairs for this freezer per year.
E(X) = 0(0.80) + 1(0.11) + 2(0.05) + 3(0.04) = 0.33 repairs
c. What are the mean and standard deviation of the restaurant’s annual expense with the
service contract for the freezer?
Let C = $125 + $35X; E(C) = $125 + $35(0.33) = $136.55
SD(C) = $35(0.72) = $25.20
a. What is the probability that exactly 7 will be resolved within one hour?
Use binomial with n = 10, p = .80. Find P (X = 7) = .2013
b. What is the probability that at least 7 will be resolved within one hour?
P (X >= 7) = .8791
c. How many customers would be expected to have their service problems resolved
within one hour?
E(X) = np = 10(.80) = 8 customers
3. Suppose that incoming calls per hour to a customer service center of a small credit
union are uniformly distributed between 0 and 6 calls.
a. What is the probability that fewer than 3 calls are received per hour?
3/7
b. What is the probability that at least 3 calls are received per hour?
4/7
c. What is the probability that more than 6 calls are received per hour?
0
4. A specific automotive part that a service station stocks in its inventory has an 8%
chance of being defective. Suppose many cars come into the service station needing this
part each week.
a. What is the probability that the fourth part retrieved from stock is the first defective?
Use the geometric with p = .08. Find P(X = 4) = .923.08 = .0623
b. What is the probability that the tenth part retrieved from stock is defective?
Use the geometric with p = .08. Find P(X = 10) = .929.08 = .0378
c. What is the expected number of parts retrieved until the first defective part?
E(X) = 1/p = 1/.08 = 12.5 parts.
6.1.2 Find the expected value and standard deviation of a random variable.
1. A small business just leased a new presentation equipment and a color laser printer for
three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company’s research
indicates that during a given year 86% of these computers need no repairs, 9% need to be
repaired once, 4% twice, 1% three times, and none required more than three repairs.
a. Find the expected number of repairs for this kind of computer per year.
c. What are the mean and standard deviation of the company’s annual expense with the
service contract for the computer?
6.1.2 Find the expected value and standard deviation of a random variable.
2. A local unemployment office keeps track of the number of new claims filed each day.
Based on the data collected, it determines that the following probability distribution
applies:
b. What is the standard deviation in the number of new claims filed each day?
c. What is the expected number of new claims filed each week? Assume the
unemployment office is open 5 days a week.
d. What is the standard deviation in the number of new claims filed each week? Assume
the unemployment office is open 5 days a week.
6.1.2 Find the expected value and standard deviation of a random variable.
3. It is estimated that 20% of luxury cars manufactured in 2012 were silver. A car
dealership typically sells 20 luxury cars per month.
a. What is the probability that 8 of the luxury cars sold per month are silver?
b. What is the probability that more than 10 of the luxury cars sold per month are silver?
c. How many silver luxury cars would you expect are sold per month?
b. What is the probability that a sheet of this size has no more than 2 imperfections?
c. What is the probability that a sheet half this size (18 sq. ft.) has 2 imperfections?
1. A small business just leased a new presentation equipment and a color laser printer for
three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company’s research
indicates that during a given year 86% of these computers need no repairs, 9% need to be
repaired once, 4% twice, 1% three times, and none required more than three repairs.
a. Find the expected number of repairs for this kind of computer per year.
E(X) = 0(0.86) + 1(0.09) + 2(0.04) + 3(0.01) = 0.20 repairs
c. What are the mean and standard deviation of the company’s annual expense with the
service contract for the computer?
Let C = 100 + 25X; E(C) = 100 + 25(0.20) = $105; SD(C) = 25(0.55) = $13.69
2. A local unemployment office keeps track of the number of new claims filed each day.
Based on the data collected, it determines that the following probability distribution
applies:
b. What is the standard deviation in the number of new claims filed each day?
Var(X)
= (0 – 2.4)2(.05) + (1 – 2.4)2 (.15) + (2 – 2.4)2(.25) + (3 – 2.4)2(.45) + (4 – 2.4)2(.10)
= 1.04
SD(X) = 1.02 new claims
c. What is the expected number of new claims filed each week? Assume the
unemployment office is open 5 days a week.
Let W = 5X
E(W) = E(5X) = 5E(X) = 5 (2.4) = 12 new claims per week.
d. What is the standard deviation in the number of new claims filed each week? Assume
the unemployment office is open 5 days a week.
SD(W) = SD(5X) = 5SD(X) = 5(1.02) = 5.1 claims per week
3. It is estimated that 20% of luxury cars manufactured in 2012 were silver. A car
dealership typically sells 20 luxury cars per month.
a. What is the probability that 8 of the luxury cars sold per month are silver?
Use binomial with n = 20, p = .20. Find P (X = 8) = 0.0222.
b. What is the probability that more than 10 of the luxury cars sold per month are silver?
Find P (X > 10) = 0.0006
c. How many silver luxury cars would you expect are sold per month?
E(X) = np = 20(.20) = 4 silver luxury cars
4. For quality control purposes, a company that manufactures sim chips for cell/smart
phones routinely takes samples from its production process. Since it is important that
these chips are nearly fault free, one inspection check involves using microscopic
equipment to count the number of imperfections on each chip. Suppose the average
number of imperfections per 1000 sim chips is 3.
a. What is the probability that a sample of 1000 sim chips has 2 imperfections?
Use the Poisson distribution with λ = 3 to find P(X = 2) = 0.2240
b. What is the probability that a sample of this size has no more than 2 imperfections?
Use the Poisson distribution with λ = 3 to find P(X ≤ 2) = 0.4232
c. What is the probability that a sample half this size (500 sim chips) has 2 imperfections?
Use the Poisson distribution with λ = 1.5 to find P(X = 2) = 0.2510
6.1.2 Find the expected value and standard deviation of a random variable.
1. A fast food restaurant just leased a new freezer and food fryer for three years. The
service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
service charge for each repair needed. The restaurant’s research indicates that during a
given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
twice, 4% three times, and none required more than three repairs. The expected number
of repairs for this freezer per year is
A. 1 repair.
B. 1.25 repairs.
C. 0.33 repairs.
D. 0.79 repairs.
E. 2.5 repairs.
6.1.2 Find the expected value and standard deviation of a random variable.
2. A fast food restaurant just leased a new freezer and food fryer for three years. The
service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
service charge for each repair needed. The restaurant’s research indicates that during a
given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
twice, 4% three times, and none required more than three repairs. The standard deviation
of the number of repairs for this freezer per year is
A. 0.72 repairs.
B. 0.512 repairs2.
C 1.25 repairs.
D. 2.5 repairs2.
E. 0.33 repairs.
6.1.2 Decide if a variable is discrete or continuous and determine its possible values.
3. A fast food restaurant just leased a new freezer and food fryer for three years. The
service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35
service charge for each repair needed. The restaurant’s research indicates that during a
given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5%
twice, 4% three times, and none required more than three repairs. The mean restaurant’s
annual expense with the service contract for this freezer is
A. $25.20.
B. $136.55.
C. $122.45.
D. $89.90.
E. $0.
A. 0.0006.
B. 0.1276.
C. 0.0222.
D. 0.7779.
E. None of the above.
A. 0.0006.
B. 0.1276.
C. 0.0222.
D. 0.7779.
E. None of the above.
A. 0.0064
B. 0.08
C. 0.0378
D. 0.0623
E. 0.3244
A. 8
B. 12.5
C. 10.5
D. 15
E. 20
A. 3/6.
B. 4/6.
C. 3/7.
D. 4/7.
E. 1/6.
A. 1/6
B. 1/7
C. 1
D. 3/7
E. 0
A. 0.2240
B. 0.4232
C. 0.2510
D. 0.4591
E. 0.1365
1. C
2. A
3. B
4. C
5. A
6. D
7. B
8. C
9. E
10. A
6.1.2 Find the expected value and standard deviation of a random variable.
1. A small business just leased a new presentation equipment and a color laser printer for
three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company’s research
indicates that during a given year 86% of these computers need no repairs, 9% need to be
repaired once, 4% twice, 1% three times, and none required more than three repairs.
Find the expected number of repairs for this kind of computer per year.
A. 0.20 repairs.
B. 0.55 repairs.
C. 0.89 repairs.
D. 1.00 repairs.
E. 1.20 repairs.
6.1.2 Find the expected value and standard deviation of a random variable.
2. A small business just leased a new presentation equipment and a color laser printer for
three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company’s research
indicates that during a given year 86% of these computers need no repairs, 9% need to be
repaired once, 4% twice, 1% three times, and none required more than three repairs.
The standard deviation in the number of repairs for this kind of computer per year is
A. 0.20 repairs.
B. 0.55 repairs.
C. 0.89 repairs.
D. 1.00 repairs.
E. 1.20 repairs.
6.1.2 Find the expected value and standard deviation of a random variable.
3. A small business just leased a new presentation equipment and a color laser printer for
three years. The service contract for the computer offers unlimited repairs for a fee of
$100 a year plus a $25 service charge for each repair needed. The company’s research
indicates that during a given year 86% of these computers need no repairs, 9% need to be
repaired once, 4% twice, 1% three times, and none required more than three repairs.
The standard deviation of the company’s annual expense with the service contract for the
presentation equipment is
A. $105.
B. $10.25.
C. $187.42.
D. $13.69.
E. $2.75.
6.1.2 Find the expected value and standard deviation of a random variable.
4. A local unemployment office keeps track of the number of new claims filed each day.
Based on data collected, it determines that the expected number of new claims filed per
day is 2.4 with a standard deviation of 0.8688. Suppose that the office is open five days
per week. The expected number of new claims filed per week at this office is
A. 7.4.
B. 4.344.
C. 12.
D. 10.
E. 5.25.
A. 0.2013.
B. 0.8791.
C. 0.7897.
D. 0.3452.
E. 0.1209.
A. 2
B. 4
C. 6
D. 8
E. 10
A. 3/6.
B. 4/7.
C. 3/7.
D. 4/6.
E. 1/6.
A. 0.2348
B. 0.4344
C. 0.0378
D. 0.4722
E. 0.3780
A. 0.4232
B. 0.2510
C. 0.2240
D. 0.5689
E. 0.0034
A. 0.4232
B. 0.2510
C. 0.2240
D. 0.5689
E. 0.0034
1. A
2. B
3. D
4. C
5. A
6. D
7. B
8. C
9. A
10. B
Talleyrand, i. 335;
his colonial schemes, 352 et seq.;
becomes French minister of foreign affairs, 353;
his negotiations with the American commissioners, 355;
his instructions for Guillemardet, 355;
his mistakes, 357;
obliged by the X. Y. Z. affair to retire, 358;
restored by Bonaparte, 359, 412;
his letter with regard to Louisiana, 400;
denies the retrocession of Louisiana, 409;
his instructions to Bernadotte, ii. 11;
opposes the cession of Louisiana, 25;
proposes it to Livingston, 27;
explanation of the sale of Louisiana, 55;
assures Cevallos of Napoleon’s opposition to the American
claims, 293;
his instructions to Turreau, 295;
reassures Cevallos, 297;
his attitude toward the United States, 309;
report to the Emperor on Monroe’s note, 310;
answer to Monroe, 313.
Taney, Chief-Justice, opinion of, respecting governmental
powers in the Louisiana case, ii. 126, 128.
Taxes, abolition of, i. 240, 270, 272.
Taylor, John, of Caroline, i. 143, 146, 263, 338; ii. 94;
his remarks on the Louisiana purchase, 105.
Taylor, Judge, ii. 177.
Temperance in United States in 1800, i. 47.
Tennessee, population of, in 1800, i. 2.
Terry, Eli, i. 181.
Texas, a part of the Louisiana purchase, ii. 256.
Theatre in New England in 1800, i. 49.
Theatres in Boston, i. 90.
Thompson, Smith, i. 108.
Thornton, Edward, his description of the inauguration of
Jefferson, i. 198, 436, 440;
letter to Hammond, ii. 342, 388;
complains that desertion of seamen is encouraged, 345;
Jefferson’s confidential relations with, 347;
proposals with regard to Monroe’s mission, 351;
on change on tone in 1804, 387, 388.
Thornton, Dr. William, i. 111.
Ticknor, George, i. 63, 94.
Tracy, Senator Uriah, of Connecticut, his reply to John Taylor of
Caroline, ii. 107, 238.
Travel in America, difficulties of, in 1800, i. 11 et seq.
Treaty, preliminary between Great Britain, France, and Spain,
Nov. 3, 1762, i. 353; ii. 7, 70;
definitive between the same, Feb. 10, 1763, i. 353; ii. 6;
definitive between Great Britain and Spain, Sept. 3, 1783, i.
353;
definitive between the United States and Great Britain, Sept.
3, 1783, ii. 90, 411;
Jay’s, between the United States and Great Britain, Nov. 19,
1794, i. 348; ii. 316, 334, 339, 355, 421, 424;
of Basle, between Spain and France, July 22, 1795, i. 354;
Pinckney’s, between the United States and Spain, Oct. 27,
1795, 348, 349; ii. 246;
between Toussaint and Maitland, June 13, 1799, i. 385;
of Morfontaine, between the United States and France, Sept.
30, 1800, 362, 388; ii. 21, 42, 46, 47, 293, 296, 297, 383;
Berthier’s, between Spain and France, retroceding Louisiana,
Oct. 1, 1800, i. 370, 401, 403; ii. 43, 58, 70, 254;
of Lunéville between France and Austria, Feb. 9, 1801, i. 370;
of Lucien Bonaparte between Spain and France, March 21,
1801, 372, 406, 409; ii. 299;
of Badajos between Spain and Portugal, June 5, 1801, i. 372;
preliminary, between Great Britain and France, Oct. 1, 1801,
374; ii. 344;
settling British debts between Great Britain and the United
States, Jan. 8. 1802, 358, 410;
of Amiens between Great Britain and France, March 25, 1802,
59, 290, 326, 347, 385, 414, 416;
of claims between the United States and Spain, Aug. 11,
1802, 21, 250, 259, 278, 280, 293, 296, 297, 383;
between France and the United States, ceding Louisiana and
settling claims, 39–49, 51, 67, 85, 88, 92, 97, 100, 102,
105, 107, 108, 111, 245, 275, 289, 302, 308, 355, 399–
401;
between the United States and Great Britain for settling
boundaries, May 12, 1803, 358, 383, 384, 391, 392, 410,
420, 424;
between the United States and Tripoli, Nov. 4, 1796, i. 244;
June 4, 1805, ii. 434, 436.
Treaty-making power, defined by W. C. Nicholas, ii. 87, 88, 112;
by Jefferson, 89, 90;
by Gaylord Griswold, 96, 97;
by Randolph, 98, 99;
by Gouverneur Morris, 100;
by Nicholson, 101;
by Rodney, 102, 103;
by Pickering, 105;
by John Taylor of Caroline, 106, 107;
by Tracy, 108;
by Breckenridge, 109;
by J. Q. Adams, 111;
by Cocke, 113;
summary of opinions on, 114, 115.
Tripoli, the war with, ii. 137, 426 et seq.;
Pacha of, 430;
peace with, 436.
Trumbull, John, i. 101.
Turnpikes, prejudice against, i. 64 et seq.
Turreau, Louis Marie, appointed minister to the United States by
Napoleon, ii. 268;
his domestic quarrels, 269;
complains of the discredit of France, 271;
embarrassments of, 272;
his description of Madison, 274;
receives instructions from Talleyrand, 296;
presented to Jefferson, 405;
describes General Wilkinson, 406.