Download Essential Statistics in Business and Economics 3rd Edition Doane Test Bank all chapters

Essential Statistics in Business and
Economics 3rd Edition Doane Test

Bank
Go to download the full and correct content document:
https://testbankfan.com/product/essential-statistics-in-business-and-economics-3rd-e
dition-doane-test-bank/
More products digital (pdf, epub, mobi) instant
download maybe you interests ...
Essential Statistics in Business and Economics 3rd

Edition Doane Solutions Manual
https://testbankfan.com/product/essential-statistics-in-business-
and-economics-3rd-edition-doane-solutions-manual/
Applied Statistics in Business and Economics 4th

Edition Doane Test Bank
https://testbankfan.com/product/applied-statistics-in-business-
and-economics-4th-edition-doane-test-bank/

Edition Doane Test Bank
and-economics-5th-edition-doane-test-bank/
Applied Statistics in Business and Economics Canadian

1st Edition Doane Test Bank
and-economics-canadian-1st-edition-doane-test-bank/
and-economics-4th-edition-doane-solutions-manual/

and-economics-5th-edition-doane-solutions-manual/
Practice of Statistics for Business and Economics 3rd

Edition Moore Test Bank
https://testbankfan.com/product/practice-of-statistics-for-
business-and-economics-3rd-edition-moore-test-bank/
Business Statistics in Practice Canadian 3rd Edition

Bowerman Test Bank
https://testbankfan.com/product/business-statistics-in-practice-
canadian-3rd-edition-bowerman-test-bank/
Statistics for Business and Economics 8th Edition

Newbold Test Bank
https://testbankfan.com/product/statistics-for-business-and-
economics-8th-edition-newbold-test-bank/
Essential Statistics in Business and Economics, 3e (Doane)
Chapter 7 Continuous Probability Distributions
1) A continuous uniform distribution is always symmetric.
Answer: TRUE
Explanation: The PDF is the same height for all X values.
Difficulty: 1 Easy
Topic: 07.02 Uniform Continuous Distribution
Learning Objective: 07-02 Calculate uniform probabilities.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
2) The height and width of a continuous uniform distribution's PDF are the same.
Answer: FALSE
Explanation: The PDF height must be 1/(b − a) so that the total area is unity.
Difficulty: 1 Easy
Bloom's: Remember
3) A continuous uniform distribution U(0,800) will have μ = 400 and σ = 230.94.
Answer: TRUE
Explanation: Apply the formulas for the uniform distribution mean and standard
deviation. The standard deviation is [(800 − 0)2/12]1/2 = 230.94.
Difficulty: 2 Medium
Bloom's: Apply
1
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
4) A continuous uniform distribution U(100,200) will have the same standard deviation as a
continuous uniform distribution U(200,300).
Answer: TRUE
Explanation: In the standard deviation formula, (b − a)2 is the same for both these examples.
Bloom's: Apply
5) For a continuous uniform distribution U(200,400), the parameters are μ = 300 and σ = 100.
Answer: FALSE
Explanation: The standard deviation is [(400 − 200)2/12]1/2 = 57.7.
Bloom's: Apply
6) The exponential distribution describes the number of arrivals per unit of time.
Answer: FALSE
Explanation: Arrivals per unit of time would be Poisson (but waiting time is exponential).
Difficulty: 1 Easy
Topic: 07.06 Exponential Distribution
Learning Objective: 07-07 Find the exponential probability for a given x.
Bloom's: Remember
7) The exponential distribution is always skewed right.
Answer: TRUE
Explanation: The exponential PDF clearly shows extreme right-skewness.
Difficulty: 1 Easy
Bloom's: Remember
2
8) If arrivals follow a Poisson distribution, waiting times follow the exponential distribution.
Answer: TRUE
Explanation: Poisson arrivals (discrete) imply exponential waiting times (continuous).
Difficulty: 1 Easy
Bloom's: Remember
9) For a continuous random variable, the total area beneath the PDF will be greater than zero but
less than one.
Answer: FALSE
Explanation: If it is a PDF, the total area must be 1.
Difficulty: 1 Easy
Topic: 07.01 Continuous Probability Distributions
Learning Objective: 07-01 Define a continuous random variable.
Bloom's: Remember
10) The exponential distribution is continuous and the Poisson distribution is discrete, yet the
two distributions are closely related.
Answer: TRUE
Explanation: Poisson arrivals (discrete) imply exponential waiting times (continuous).
Bloom's: Understand
11) The mean, median, and mode of a normal distribution will always be the same.
Answer: TRUE
Explanation: A normal distribution is perfectly symmetric.
Topic: 07.03 Normal Distribution
Learning Objective: 07-03 Know the form and parameters of the normal distribution.
Bloom's: Remember
3
12) There is a simple formula for normal areas, but we prefer a table for greater accuracy.
Answer: FALSE
Explanation: We have a formula for the PDF, but there is no exact formula for areas under the
curve.
Bloom's: Understand
13) Normal distributions differ only in their means and variances.
Answer: TRUE
Explanation: All normal distributions look the same except for scaling.
Difficulty: 1 Easy
Bloom's: Understand
14) Any normal distribution has a mean of 0 and a standard deviation of 1.
Answer: FALSE
Explanation: Only the standardized normal is N(0,1).
Difficulty: 1 Easy
Bloom's: Remember
15) We would use a normal distribution to model the waiting time until the next Florida
hurricane strike.
Answer: FALSE
Explanation: Hurricane arrivals might be regarded as Poisson events, so waiting times are
exponential.
Bloom's: Apply
4
16) Experience suggests that 4 percent of all college students have had a tonsillectomy. In a
sample of 300 college students, we need to find the probability that at least 10 have had a
tonsillectomy. It is acceptable to use the normal distribution to estimate this probability.
Answer: TRUE
Explanation: The quick rule is nπ ≥ 10 and n(1 − π) ≥ 10, which is the case in this example.
Topic: 07.05 Normal Approximations
Learning Objective: 07-06 Use the normal approximation to a binomial or a Poisson.
Bloom's: Apply
17) The normal is a good approximation to the binomial when n is greater than or equal to 10.
Answer: FALSE
Explanation: Without knowing π we cannot be sure. The quick rule is nπ ≥ 10 and n(1 − π) ≥
10.
Difficulty: 1 Easy
Bloom's: Apply
18) The true proportion of accounts receivable with some kind of error is 4 percent for Venal
Enterprises. If an auditor randomly samples 50 accounts receivable, it is acceptable to use the
normal approximation to estimate the probability that fewer than two will contain errors.
Answer: FALSE
Explanation: The quick rule is nπ ≥ 10 and n(1 − π) ≥ 10, which is not fulfilled in this case.
Bloom's: Apply
5
19) The normal distribution is a good approximation to the binomial if n ≥ 30.
Answer: FALSE
Explanation: Without knowing π we cannot be sure. The quick rule is nπ ≥ 10 and n(1 − π) ≥
10.
Difficulty: 1 Easy
Bloom's: Apply
20) The normal distribution is a good approximation to the binomial if n = 200 and π = .03.
Answer: FALSE
Explanation: The quick rule is nπ ≥ 10 and n(1 − π) ≥ 10, which is not fulfilled in this case.
Difficulty: 1 Easy
Bloom's: Apply
21) The normal distribution is a good approximation to the binomial if n = 25 and π = .50.
Answer: TRUE
Explanation: The quick rule is nπ ≥ 10 and n(1 − π) ≥ 10, which is fulfilled in this case.
Difficulty: 1 Easy
Bloom's: Apply
22) The exponential distribution can be either right-skewed or left-skewed, depending on λ.
Answer: FALSE
Explanation: The PDF of the exponential shows that it is always right-skewed.
Difficulty: 1 Easy
Bloom's: Understand
6
23) The number of lightning strikes in a day in Miami is a continuous random variable.
Answer: FALSE
Explanation: The "number of" anything is discrete.
Difficulty: 1 Easy
Topic: 07.01 Continuous Probability Distributions
Learning Objective: 07-01 Define a continuous random variable.
Bloom's: Understand
24) The area under a normal curve is 1 only if the distribution is standardized N(0,1).
Answer: FALSE
Explanation: Any normal distribution has a total area of one under the PDF.
Difficulty: 1 Easy
Topic: 07.04 Standard Normal Distribution
Bloom's: Remember
25) The area under an exponential curve can exceed 1 because the distribution is right-skewed.
Answer: FALSE
Explanation: If it is a PDF, the total area under the PDF is one.
Bloom's: Understand
7
26) A machine dispenses water into a glass. Assuming that the amount of water dispensed
follows a continuous uniform distribution from 10 ounces to 16 ounces, the average amount of
water dispensed by the machine is
A) 12 ounces.
B) 13 ounces.
C) 14 ounces.
D) 16 ounces.
Answer: B
Explanation: The mean is halfway between the end points of the distribution.
Difficulty: 1 Easy
Bloom's: Apply
follows a continuous uniform distribution from 10 ounces to 16 ounces, the standard deviation of
the amount of water dispensed is about
A) 1.73 ounces.
B) 3.00 ounces.
C) 0.57 ounce.
D) 3.51 ounces.
Answer: A
Bloom's: Apply
8
follows a continuous uniform distribution from 10 ounces to 16 ounces, what is the probability
that 13 or more ounces will be dispensed in a given glass?
A) 0.1666
B) 0.3333
C) 0.5000
D) 0.6666
Answer: C
Explanation: Half the area is above 13.
Bloom's: Apply
29) A random variable X is best described by a continuous uniform distribution from 20 to 45

inclusive. The mean of this distribution is
A) 30.5
B) 31.5
C) 32.5
D) 33.5
Answer: C
Explanation: The mean is halfway between the end points of the distribution.
Difficulty: 1 Easy
Bloom's: Apply
9
inclusive. The standard deviation of this distribution is approximately
A) 52.1
B) 32.5
C) 6.85
D) 7.22
Answer: D
Bloom's: Apply

inclusive. What is P(30 ≤ X ≤ 40)?
A) 0.20
B) 0.40
C) 0.60
D) 0.80
Answer: B
Explanation: The desired area is 10/25 = 0.40.
Bloom's: Apply
10
32) The Excel function = 800*RAND() would generate random numbers with standard deviation
approximately equal to
A) 200
B) 188
C) 231
D) 400
Answer: C
Bloom's: Apply
33) The Excel function = 40*RAND() would generate random numbers with standard deviation
approximately equal to
A) 13.33
B) 20.00
C) 11.55
D) 19.27
Answer: C
Bloom's: Apply
11
34) If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting
more than 0.5 hour for the next arrival is
A) 0.2407
B) 0.1653
C) 0.1222
D) 0.5000
Answer: B
Explanation: P(X > 0.50) = exp(−3.6 × 0.50) = 0.1653.
Bloom's: Apply
35) If arrivals occur at a mean rate of 3.6 events per hour, the exponential probability of waiting
less than 0.5 hour for the next arrival is
A) 0.7122
B) 0.8105
C) 0.8347
D) 0.7809
Answer: C
Explanation: P(X < 0.50) = 1 − exp(−3.6 × 0.50) = 1 − 0.1653 = 0.8347.
Bloom's: Apply
12
36) If arrivals occur at a mean rate of 2.6 events per minute, the exponential probability of
waiting more than 1.5 minutes for the next arrival is
A) 0.0202
B) 0.0122
C) 0.0535
D) 0.2564
Answer: A
Explanation: P(X > 1.5) = exp(−2.6 × 1.50) = 0.0202.
Bloom's: Apply
37) If arrivals occur at a mean rate of 1.6 events per minute, the exponential probability of
waiting less than 1 minute for the next arrival is
A) 0.2019
B) 0.7104
C) 0.8812
D) 0.7981
Answer: D
Explanation: P(X < 1) = 1 − exp(−1.6 × 1) = 1 − 0.2019 = 0.7981.
Bloom's: Apply
13
38) Bob's z-score for the last exam was 1.52 in Prof. Axolotl's class BIO 417, "Life Cycle of the
Ornithorhynchus." Bob said, "Oh, good, my score is in the top 10 percent." Assuming a normal
distribution of scores, is Bob right?
A) Yes
B) No
C) Must have n to answer.
Answer: A
Explanation: P(Z < 1.52) = 0.9357.
Learning Objective: 07-04 Find the normal probability for a given z or x using tables or Excel.
Bloom's: Apply
39) The lengths of brook trout caught in a certain Colorado stream are normally distributed with
a mean of 14 inches and a standard deviation of 3 inches. What proportion of brook trout caught
will be between 12 and 18 inches in length?
A) 0.6563
B) 0.6826
C) 0.2486
D) 0.4082
Answer: A
Explanation: P(12 < X < 18) = P(−0.67 < Z < 1.33) = 0.6568 (from Appendix C) or 0.6563
using Excel.
Bloom's: Apply
14
a mean of 14 inches and a standard deviation of 3 inches. The first quartile for the lengths of
brook trout would be
A) 16.01 inches.
B) 11.00 inches.
C) 11.98 inches.
D) 10.65 inches.
Answer: C
Explanation: Using Excel = NORM.INV(0.25,14,3) = 11.98, or Q1 = 14 − 0.675(3) = 11.975
using Appendix C.
Difficulty: 3 Hard
Learning Objective: 07-05 Solve for z or x for a given normal probability using tables or Excel.
Bloom's: Apply
a mean of 14 inches and a standard deviation of 3 inches. What lower limit should the State
Game Commission set on length if it is desired that 80 percent of the catch may be kept by
fishers?
A) 12.80 inches
B) 11.48 inches
C) 12.00 inches
D) 9.22 inches
Answer: B
Explanation: Using Excel = NORM.INV(0.20,14,3) = 11.475, or X = 14 − 0.84(3) = 11.48
using Appendix C.
Difficulty: 3 Hard
Bloom's: Apply
15
42) In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with
a mean of 25 minutes and a standard deviation of 4 minutes. What percentage of customers
require less than 32 minutes for a simple haircut?
A) 95.99 percent
B) 99.45 percent
C) 97.72 percent
D) 45.99 percent
Answer: A
Explanation: Using Excel = NORMDIST(32,25,4,1) = 0.9599, or use z = (32 − 25)/4 = 1.75
with Appendix C.
Bloom's: Apply
a mean of 25 minutes and a standard deviation of 4 minutes. The slowest quartile of customers
will require more than how many minutes for a simple haircut?
A) 3(n + 1)/4 minutes
B) 26 minutes
C) 25.7 minutes
D) 27.7 minutes
Answer: D
Explanation: Using Excel = NORM.INV(0.75,25,4) = 27.698, or Q3 = 25 + 0.675(4) = 27.7
using Appendix C.
Bloom's: Apply
16
a mean of 25 minutes and a standard deviation of 4 minutes. For a simple haircut, the middle 90
percent of the customers will require
A) between 18.4 and 31.6 minutes.
B) between 19.9 and 30.1 minutes.
C) between 20.0 and 30.0 minutes.
D) between 17.2 and 32.8 minutes.
Answer: A
Explanation: The 90 percent range is μ ± 1.645σ.
Bloom's: Apply
45) The area under the normal curve between z = 0 and z = 1 is ________ the area under the
normal curve between z = 1 and z = 2.
A) less than
B) greater than
C) equal to
Answer: B
Explanation: The standard normal PDF grows closer to the axis as z increases to the right of
zero.
Difficulty: 1 Easy
Bloom's: Apply
17
46) The price-earnings ratio for firms in a given industry follows the normal distribution. In this
industry, a firm whose price-earnings ratio has a standardized value of z = 1.00 is approximately
in the highest ________ percent of firms in the industry.
A) 16 percent
B) 34 percent
C) 68 percent
D) 75 percent
Answer: A
Explanation: About 15.86 percent of the area is above one standard deviation.
Bloom's: Apply
47) A student's grade on an examination was transformed to a z value of 0.67. Assuming a

normal distribution, we know that she scored approximately in the top
A) 15 percent.
B) 50 percent.
C) 40 percent.
D) 25 percent.
Answer: D
Explanation: P(Z > 0.67) = 1 − P(Z < 0.67) = 1 − 0.2514 = 0.7486.
Bloom's: Apply
18
48) The MPG (miles per gallon) for a certain compact car is normally distributed with a mean of
31 and a standard deviation of 0.8. What is the probability that the MPG for a randomly selected
compact car would be less than 32?
A) 0.3944
B) 0.8944
C) 0.1056
D) 0.5596
Answer: B
Explanation: P(X < 32) = P(Z < 1.25) = 0.8944.
Bloom's: Apply
49) The probability is 0.80 that a standard normal random variable is between −z and +z. The
value of z is approximately
A) 1.28
B) 1.35
C) 1.96
D) 1.45
Answer: A
Explanation: For tail areas of 0.1000 we would use z = 1.282.
Bloom's: Apply
19
50) The time required for a citizen to complete the 2010 U.S. Census "long" form is normally
distributed with a mean of 40 minutes and a standard deviation of 10 minutes. What proportion
of the citizens will require less than one hour?
A) 0.4772
B) 0.9772
C) 0.9974
D) 0.9997
Answer: B
Explanation: P(X < 60) = P(Z < 2.00) = 0.9772.
Bloom's: Apply
51) The time required for a citizen to complete the 2010 U.S. Census "long" form is normally
distributed with a mean of 40 minutes and a standard deviation of 10 minutes. The slowest 10
percent of the citizens would need at least how many minutes to complete the form?
A) 27.2
B) 35.8
C) 52.8
D) 59.6
Answer: C
Explanation: Using Excel = NORM.INV(0.90,40,10) = 52.82, or 40 + 1.282(10) = 52.82 using
Appendix C.
Difficulty: 3 Hard
Bloom's: Apply
20
Another random document with
no related content on Scribd:
Patrol would be glad to set up, on any desired number of these
barren planets, as many atomic power plants as the Cahuitans
wanted; with controls set either to let go in an hour or to maintain
stability for twenty five thousand Galactic Standard years.
The Cahuitans would immediately extinguish all vortices not
containing products, and would move all living products to the new
planets as soon as the promised incubators were ready.
“Products indeed—they’re babies!” Joan insisted, when Cloud
stepped the information down to her level. “And how can they
possibly move them?”
“Easily enough,” the fulfillment told Cloud. “Blankets of force will
retain the warmth necessary for such short trips, provided each new
incubator is waiting, warm, and ready.”
“I see. But there’s one question I want to ask for myself,” and
Cloud went on to explain about the unbelievably huge sphere that
crossed Civilization’s vast expanse of space. “What’s the reason for
it?”
“To save time and effort. The product Medury devoted much of
both to the evaluation of a sufficiently productive, esthetically
satisfying, and mathematically correct construction. It would not be
logical to waste time and labor in seeking a variant or an alternate,
especially since Medury’s work showed, almost conclusively, that his
was in fact the most symmetrical construction possible. Now
symmetry, to us, is what you might, perhaps, call a ruling passion in
one of your own races.”
“Symmetry? The first twelve vortices were symmetrical, of
course, but from there on—nothing.”
“Ah—that is due to the differences between our thinkings;
particularly in our mathematical and philosophical thinkings. The
circle, the sphere, the square, the cube—all such elementary forms
—are common to both but the likenesses are few. The differences
are many; so many that it will require several thousands of your
Galactic Standard years for certain of my fellows and me to tabulate
them and to make whatever may be possible of reconciliation.”
“Well . . . thanks. One more question . . . maybe I shouldn’t ask it,
but . . . this that we have laid out is a wide-reaching and extremely
important program. Are you sure that you are able to speak for all
the Cahuitans who will be affected?”
“I am sure. Since we are a logical race we all think alike—
logically. On the other hand, your race does not seem to me at the
moment to be at all a logical one. Can you speak for it?”
“In this matter I can; and you, in my mind, will know that I can,”
and in this case Cloud could indeed speak for the Patrol. Philip
Strong, after one glance in Cloud’s mind, would issue the necessary
orders himself and would explain later—to anyone capable of
accepting the true explanation.
“Very well. We will destroy the empty incubators at once, and will
go ahead with the rest of the project whenever you are ready.”
The Cahuitan broke contact and vanished.
In the ship, Cloud got up. So did Joan. Without exchanging a
word or a thought they went hungrily into each other’s arms.
After a time, and still keeping one arm around his Joan, Cloud
reached out and punched a button on his intercom.
“Captain Ross?”
“Ross speaking.”
“Cloud. Mission accomplished. Return to Tellus, please, at full
touring blast.”
“Very well, sir.”
And “Storm” Cloud, Vortex Blaster, was out of a job.
A The reader will please understand that I am doing the best I can
with words we all know. E.E.S.
TRANSCRIBER NOTES
Misspelled words and printer errors have been corrected. Where
multiple spellings occur, majority use has been employed.
Punctuation has been maintained except where obvious printer
errors occur.
*** END OF THE PROJECT GUTENBERG EBOOK MASTERS OF
THE VORTEX ***
Updated editions will replace the previous one—the old editions will
be renamed.
Creating the works from print editions not protected by U.S.

copyright law means that no one owns a United States copyright in
these works, so the Foundation (and you!) can copy and distribute it
in the United States without permission and without paying copyright
royalties. Special rules, set forth in the General Terms of Use part of
this license, apply to copying and distributing Project Gutenberg™
electronic works to protect the PROJECT GUTENBERG™ concept
and trademark. Project Gutenberg is a registered trademark, and
may not be used if you charge for an eBook, except by following the
terms of the trademark license, including paying royalties for use of
the Project Gutenberg trademark. If you do not charge anything for
copies of this eBook, complying with the trademark license is very
easy. You may use this eBook for nearly any purpose such as
creation of derivative works, reports, performances and research.
Project Gutenberg eBooks may be modified and printed and given
away—you may do practically ANYTHING in the United States with
eBooks not protected by U.S. copyright law. Redistribution is subject
to the trademark license, especially commercial redistribution.
START: FULL LICENSE

THE FULL PROJECT GUTENBERG LICENSE
PLEASE READ THIS BEFORE YOU DISTRIBUTE OR USE THIS WORK
To protect the Project Gutenberg™ mission of promoting the free

distribution of electronic works, by using or distributing this work (or
any other work associated in any way with the phrase “Project
Gutenberg”), you agree to comply with all the terms of the Full
Project Gutenberg™ License available with this file or online at
www.gutenberg.org/license.
Section 1. General Terms of Use and

Redistributing Project Gutenberg™
electronic works
1.A. By reading or using any part of this Project Gutenberg™
electronic work, you indicate that you have read, understand, agree
to and accept all the terms of this license and intellectual property
(trademark/copyright) agreement. If you do not agree to abide by all
the terms of this agreement, you must cease using and return or
destroy all copies of Project Gutenberg™ electronic works in your
possession. If you paid a fee for obtaining a copy of or access to a
Project Gutenberg™ electronic work and you do not agree to be
bound by the terms of this agreement, you may obtain a refund from
the person or entity to whom you paid the fee as set forth in
paragraph 1.E.8.
1.B. “Project Gutenberg” is a registered trademark. It may only be

used on or associated in any way with an electronic work by people
who agree to be bound by the terms of this agreement. There are a
few things that you can do with most Project Gutenberg™ electronic
works even without complying with the full terms of this agreement.
See paragraph 1.C below. There are a lot of things you can do with
Project Gutenberg™ electronic works if you follow the terms of this
agreement and help preserve free future access to Project
Gutenberg™ electronic works. See paragraph 1.E below.
1.C. The Project Gutenberg Literary Archive Foundation (“the
Foundation” or PGLAF), owns a compilation copyright in the
collection of Project Gutenberg™ electronic works. Nearly all the
individual works in the collection are in the public domain in the
United States. If an individual work is unprotected by copyright law in
the United States and you are located in the United States, we do
not claim a right to prevent you from copying, distributing,
performing, displaying or creating derivative works based on the
work as long as all references to Project Gutenberg are removed. Of
course, we hope that you will support the Project Gutenberg™
mission of promoting free access to electronic works by freely
sharing Project Gutenberg™ works in compliance with the terms of
this agreement for keeping the Project Gutenberg™ name
associated with the work. You can easily comply with the terms of
this agreement by keeping this work in the same format with its
attached full Project Gutenberg™ License when you share it without
charge with others.
1.D. The copyright laws of the place where you are located also
govern what you can do with this work. Copyright laws in most
countries are in a constant state of change. If you are outside the
United States, check the laws of your country in addition to the terms
of this agreement before downloading, copying, displaying,
performing, distributing or creating derivative works based on this
work or any other Project Gutenberg™ work. The Foundation makes
no representations concerning the copyright status of any work in
any country other than the United States.
1.E. Unless you have removed all references to Project Gutenberg:
1.E.1. The following sentence, with active links to, or other

immediate access to, the full Project Gutenberg™ License must
appear prominently whenever any copy of a Project Gutenberg™
work (any work on which the phrase “Project Gutenberg” appears, or
with which the phrase “Project Gutenberg” is associated) is
accessed, displayed, performed, viewed, copied or distributed:
This eBook is for the use of anyone anywhere in the United
States and most other parts of the world at no cost and with
almost no restrictions whatsoever. You may copy it, give it away
or re-use it under the terms of the Project Gutenberg License
included with this eBook or online at www.gutenberg.org. If you
are not located in the United States, you will have to check the
laws of the country where you are located before using this
eBook.
1.E.2. If an individual Project Gutenberg™ electronic work is derived

from texts not protected by U.S. copyright law (does not contain a
notice indicating that it is posted with permission of the copyright
holder), the work can be copied and distributed to anyone in the
United States without paying any fees or charges. If you are
redistributing or providing access to a work with the phrase “Project
Gutenberg” associated with or appearing on the work, you must
comply either with the requirements of paragraphs 1.E.1 through
1.E.7 or obtain permission for the use of the work and the Project
Gutenberg™ trademark as set forth in paragraphs 1.E.8 or 1.E.9.
1.E.3. If an individual Project Gutenberg™ electronic work is posted

with the permission of the copyright holder, your use and distribution
must comply with both paragraphs 1.E.1 through 1.E.7 and any
additional terms imposed by the copyright holder. Additional terms
will be linked to the Project Gutenberg™ License for all works posted
with the permission of the copyright holder found at the beginning of
this work.
1.E.4. Do not unlink or detach or remove the full Project

Gutenberg™ License terms from this work, or any files containing a
part of this work or any other work associated with Project
Gutenberg™.
1.E.5. Do not copy, display, perform, distribute or redistribute this

electronic work, or any part of this electronic work, without
prominently displaying the sentence set forth in paragraph 1.E.1 with
active links or immediate access to the full terms of the Project
Gutenberg™ License.
1.E.6. You may convert to and distribute this work in any binary,
compressed, marked up, nonproprietary or proprietary form,
including any word processing or hypertext form. However, if you
provide access to or distribute copies of a Project Gutenberg™ work
in a format other than “Plain Vanilla ASCII” or other format used in
the official version posted on the official Project Gutenberg™ website
(www.gutenberg.org), you must, at no additional cost, fee or expense
to the user, provide a copy, a means of exporting a copy, or a means
of obtaining a copy upon request, of the work in its original “Plain
Vanilla ASCII” or other form. Any alternate format must include the
full Project Gutenberg™ License as specified in paragraph 1.E.1.
1.E.7. Do not charge a fee for access to, viewing, displaying,

performing, copying or distributing any Project Gutenberg™ works
unless you comply with paragraph 1.E.8 or 1.E.9.
1.E.8. You may charge a reasonable fee for copies of or providing

access to or distributing Project Gutenberg™ electronic works
provided that:
• You pay a royalty fee of 20% of the gross profits you derive from
the use of Project Gutenberg™ works calculated using the
method you already use to calculate your applicable taxes. The
fee is owed to the owner of the Project Gutenberg™ trademark,
but he has agreed to donate royalties under this paragraph to
the Project Gutenberg Literary Archive Foundation. Royalty
payments must be paid within 60 days following each date on
which you prepare (or are legally required to prepare) your
periodic tax returns. Royalty payments should be clearly marked
as such and sent to the Project Gutenberg Literary Archive
Foundation at the address specified in Section 4, “Information
about donations to the Project Gutenberg Literary Archive
Foundation.”
• You provide a full refund of any money paid by a user who

notifies you in writing (or by e-mail) within 30 days of receipt that
s/he does not agree to the terms of the full Project Gutenberg™
License. You must require such a user to return or destroy all
copies of the works possessed in a physical medium and
discontinue all use of and all access to other copies of Project
Gutenberg™ works.
• You provide, in accordance with paragraph 1.F.3, a full refund of

any money paid for a work or a replacement copy, if a defect in
the electronic work is discovered and reported to you within 90
days of receipt of the work.
• You comply with all other terms of this agreement for free
distribution of Project Gutenberg™ works.
1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™

electronic work or group of works on different terms than are set
forth in this agreement, you must obtain permission in writing from
the Project Gutenberg Literary Archive Foundation, the manager of
the Project Gutenberg™ trademark. Contact the Foundation as set
forth in Section 3 below.
1.F.
1.F.1. Project Gutenberg volunteers and employees expend

considerable effort to identify, do copyright research on, transcribe
and proofread works not protected by U.S. copyright law in creating
the Project Gutenberg™ collection. Despite these efforts, Project
Gutenberg™ electronic works, and the medium on which they may
be stored, may contain “Defects,” such as, but not limited to,
incomplete, inaccurate or corrupt data, transcription errors, a
copyright or other intellectual property infringement, a defective or
damaged disk or other medium, a computer virus, or computer
codes that damage or cannot be read by your equipment.
1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except

for the “Right of Replacement or Refund” described in paragraph
1.F.3, the Project Gutenberg Literary Archive Foundation, the owner
of the Project Gutenberg™ trademark, and any other party
distributing a Project Gutenberg™ electronic work under this
agreement, disclaim all liability to you for damages, costs and
expenses, including legal fees. YOU AGREE THAT YOU HAVE NO
REMEDIES FOR NEGLIGENCE, STRICT LIABILITY, BREACH OF
WARRANTY OR BREACH OF CONTRACT EXCEPT THOSE
PROVIDED IN PARAGRAPH 1.F.3. YOU AGREE THAT THE
FOUNDATION, THE TRADEMARK OWNER, AND ANY
DISTRIBUTOR UNDER THIS AGREEMENT WILL NOT BE LIABLE
TO YOU FOR ACTUAL, DIRECT, INDIRECT, CONSEQUENTIAL,
PUNITIVE OR INCIDENTAL DAMAGES EVEN IF YOU GIVE
NOTICE OF THE POSSIBILITY OF SUCH DAMAGE.
1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you

discover a defect in this electronic work within 90 days of receiving it,
you can receive a refund of the money (if any) you paid for it by
sending a written explanation to the person you received the work
from. If you received the work on a physical medium, you must
return the medium with your written explanation. The person or entity
that provided you with the defective work may elect to provide a
replacement copy in lieu of a refund. If you received the work
electronically, the person or entity providing it to you may choose to
give you a second opportunity to receive the work electronically in
lieu of a refund. If the second copy is also defective, you may
demand a refund in writing without further opportunities to fix the
problem.
1.F.4. Except for the limited right of replacement or refund set forth in
paragraph 1.F.3, this work is provided to you ‘AS-IS’, WITH NO
OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED,
INCLUDING BUT NOT LIMITED TO WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR ANY PURPOSE.
1.F.5. Some states do not allow disclaimers of certain implied

warranties or the exclusion or limitation of certain types of damages.
If any disclaimer or limitation set forth in this agreement violates the
law of the state applicable to this agreement, the agreement shall be
interpreted to make the maximum disclaimer or limitation permitted
by the applicable state law. The invalidity or unenforceability of any
provision of this agreement shall not void the remaining provisions.
1.F.6. INDEMNITY - You agree to indemnify and hold the
Foundation, the trademark owner, any agent or employee of the
Foundation, anyone providing copies of Project Gutenberg™
electronic works in accordance with this agreement, and any
volunteers associated with the production, promotion and distribution
of Project Gutenberg™ electronic works, harmless from all liability,
costs and expenses, including legal fees, that arise directly or
indirectly from any of the following which you do or cause to occur:
(a) distribution of this or any Project Gutenberg™ work, (b)
alteration, modification, or additions or deletions to any Project
Gutenberg™ work, and (c) any Defect you cause.
Section 2. Information about the Mission of

Project Gutenberg™
Project Gutenberg™ is synonymous with the free distribution of
electronic works in formats readable by the widest variety of
computers including obsolete, old, middle-aged and new computers.
It exists because of the efforts of hundreds of volunteers and
donations from people in all walks of life.
Volunteers and financial support to provide volunteers with the

assistance they need are critical to reaching Project Gutenberg™’s
goals and ensuring that the Project Gutenberg™ collection will
remain freely available for generations to come. In 2001, the Project
Gutenberg Literary Archive Foundation was created to provide a
secure and permanent future for Project Gutenberg™ and future
generations. To learn more about the Project Gutenberg Literary
Archive Foundation and how your efforts and donations can help,
see Sections 3 and 4 and the Foundation information page at
www.gutenberg.org.
Section 3. Information about the Project

Gutenberg Literary Archive Foundation
The Project Gutenberg Literary Archive Foundation is a non-profit
501(c)(3) educational corporation organized under the laws of the
state of Mississippi and granted tax exempt status by the Internal
Revenue Service. The Foundation’s EIN or federal tax identification
number is 64-6221541. Contributions to the Project Gutenberg
Literary Archive Foundation are tax deductible to the full extent
permitted by U.S. federal laws and your state’s laws.
The Foundation’s business office is located at 809 North 1500 West,

Salt Lake City, UT 84116, (801) 596-1887. Email contact links and up
to date contact information can be found at the Foundation’s website
and official page at www.gutenberg.org/contact
Section 4. Information about Donations to

the Project Gutenberg Literary Archive
Foundation
Project Gutenberg™ depends upon and cannot survive without
widespread public support and donations to carry out its mission of
increasing the number of public domain and licensed works that can
be freely distributed in machine-readable form accessible by the
widest array of equipment including outdated equipment. Many small
donations ($1 to $5,000) are particularly important to maintaining tax
exempt status with the IRS.
The Foundation is committed to complying with the laws regulating

charities and charitable donations in all 50 states of the United
States. Compliance requirements are not uniform and it takes a
considerable effort, much paperwork and many fees to meet and
keep up with these requirements. We do not solicit donations in
locations where we have not received written confirmation of
compliance. To SEND DONATIONS or determine the status of
compliance for any particular state visit www.gutenberg.org/donate.
While we cannot and do not solicit contributions from states where

we have not met the solicitation requirements, we know of no
prohibition against accepting unsolicited donations from donors in
such states who approach us with offers to donate.
International donations are gratefully accepted, but we cannot make

any statements concerning tax treatment of donations received from
outside the United States. U.S. laws alone swamp our small staff.
Please check the Project Gutenberg web pages for current donation
methods and addresses. Donations are accepted in a number of
other ways including checks, online payments and credit card
donations. To donate, please visit: www.gutenberg.org/donate.
Section 5. General Information About Project

Gutenberg™ electronic works
Professor Michael S. Hart was the originator of the Project
Gutenberg™ concept of a library of electronic works that could be
freely shared with anyone. For forty years, he produced and
distributed Project Gutenberg™ eBooks with only a loose network of
volunteer support.
Project Gutenberg™ eBooks are often created from several printed

editions, all of which are confirmed as not protected by copyright in
the U.S. unless a copyright notice is included. Thus, we do not
necessarily keep eBooks in compliance with any particular paper
edition.
Most people start at our website which has the main PG search
facility: www.gutenberg.org.
This website includes information about Project Gutenberg™,

including how to make donations to the Project Gutenberg Literary
Archive Foundation, how to help produce our new eBooks, and how
to subscribe to our email newsletter to hear about new eBooks.

Download Essential Statistics in Business and Economics 3rd Edition Doane Test Bank all chapters

Uploaded by

Copyright:

Available Formats

You might also like

Download Essential Statistics in Business and Economics 3rd Edition Doane Test Bank all chapters

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Download Essential Statistics in Business and Economics 3rd Edition Doane Test Bank all chapters

Uploaded by

Copyright:

Available Formats

Essential Statistics in Business and

Economics 3rd Edition Doane Test

Essential Statistics in Business and Economics 3rd

Applied Statistics in Business and Economics 4th

Applied Statistics in Business and Economics 5th

Applied Statistics in Business and Economics Canadian

Applied Statistics in Business and Economics 5th

Practice of Statistics for Business and Economics 3rd

Business Statistics in Practice Canadian 3rd Edition

Statistics for Business and Economics 8th Edition

1) A continuous uniform distribution is always symmetric.

3) A continuous uniform distribution U(0,800) will have μ = 400 and σ = 230.94.

7) The exponential distribution is always skewed right.

13) Normal distributions differ only in their means and variances.

14) Any normal distribution has a mean of 0 and a standard deviation of 1.

22) The exponential distribution can be either right-skewed or left-skewed, depending on λ.

29) A random variable X is best described by a continuous uniform distribution from 20 to 45

31) A random variable X is best described by a continuous uniform distribution from 20 to 45

47) A student's grade on an examination was transformed to a z value of 0.67. Assuming a

Creating the works from print editions not protected by U.S.

START: FULL LICENSE

To protect the Project Gutenberg™ mission of promoting the free

Section 1. General Terms of Use and

1.B. “Project Gutenberg” is a registered trademark. It may only be

1.E. Unless you have removed all references to Project Gutenberg:

1.E.1. The following sentence, with active links to, or other

1.E.2. If an individual Project Gutenberg™ electronic work is derived

1.E.3. If an individual Project Gutenberg™ electronic work is posted

1.E.4. Do not unlink or detach or remove the full Project

1.E.5. Do not copy, display, perform, distribute or redistribute this

1.E.7. Do not charge a fee for access to, viewing, displaying,

1.E.8. You may charge a reasonable fee for copies of or providing

• You provide a full refund of any money paid by a user who

• You provide, in accordance with paragraph 1.F.3, a full refund of

1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™

1.F.1. Project Gutenberg volunteers and employees expend

1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except

1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you

1.F.5. Some states do not allow disclaimers of certain implied

Section 2. Information about the Mission of

Volunteers and financial support to provide volunteers with the

Section 3. Information about the Project

The Foundation’s business office is located at 809 North 1500 West,

Section 4. Information about Donations to

The Foundation is committed to complying with the laws regulating

While we cannot and do not solicit contributions from states where

International donations are gratefully accepted, but we cannot make

Section 5. General Information About Project

Project Gutenberg™ eBooks are often created from several printed

This website includes information about Project Gutenberg™,

You might also like