Sample questions for statistic courses (preparation for final exam)

Q1:
It is assumed that a student has 40% of answering correctly 1 question in an exam
paper including 20 questions. Each question correct, 5 point will be given. Assume he
answer questions independently.
a. Find the probability that he answers correctly 10 out of 20 questions in the paper?
b. Find the mean and standard deviation of the number of correct answers?
c. Find the mean and standard deviation of the number of total points given?

Q2: The monthly worldwide average number of airplane crashes of commercial airlines
is 3.5. What is the probability that there will be:

(a) at least 2 such accidents in the next month;

(b) at most 1 accident in the next month?
Assume Poisson distribution for the number of airplane crashes

Q3: To estimate the proportion of NEU students who get A in the Math final test, the
coordinator takes randomly 100 students in which there are 15 of them getting A.
a. Estimate 95% confidence interval for the proportion of NEU students who get A.
b. If we want a confidence interval with 3% margin of error (ME=0.03), how many
students in the sample should we take?
c. How can you change the confidence level or margin of error to adjust the sample
size?

Q4: A contractor has concluded from his experience that the cost of building a luxury
home is a normally distributed random variable with a mean of $500,000 and a standard
deviation of σ.
a. Find σ given that P(400<X<600)=0.9544
b. What is the probability that the cost of building a home will be between $460,000 and
$540,000?
c. The probability is 0.2 that the cost of building will be less than what amount?

Q5: A business school placement director wants to estimate the mean annual salaries 5
years after students graduate. A random sample of 25 such graduates found a sample
mean of $42,740 and a sample standard deviation of $4,780.
a. Find a 90% confidence interval for the population mean, assuming that the
population distribution is normal.
 b. If keeping confidence level fixed, how the confidence interval changes if the
sample size increases 4 times (no calculation)
Q6: A random sample of 10 students contains the following observations, in hours, for
time spent studying in
the week before final exams: 28 57 42 35 61 39 55 46 49 38
Assume that the population distribution is normal.
a. Find the sample mean and standard deviation.
b. Test, at the 5% significance level, the null hypothesis that the population mean is 40
hours against the alternative that it is higher.

Q7:
a. In a random sample of 150 business graduates 50 agreed or strongly agreed that
businesses should focus their efforts on innovative e-commerce strategies. Test at the
5% level the null hypothesis that at most 25% of all business graduates would be in
agreement with this assertion.
b. Find the p-value for the test in question a.