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MBA624-MSF624 Exam 1 Spring 2017
Using the data on data for test tab for questions 1-20 answer the following questions. This
data is for the Delicious Donut company and contains information for a sample of its stores.
Note, please use excel to calculate percentiles, quartiles and median.
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MBA624-MSF624 Exam 1 Spring 2017
6) You have decided to build the histogram for the number of employees (see below)
Number of
Employees
2-3
4=5
6-7
8-9
10-12
What is the frequency for 6-7 employees?
A. 7
B. 23
C. 10
D. 12
7) Using the above histogram, what is the relative frequency for 8-9 employees?
A. 0.1
B. 0.3
C. 0.7
D. 0.2
8) Build a scatter diagram for Total Profit and Complaints, which answer best describes the
graphic?
A. As the number of complaints increases total profit decreases
B. As the number of complaints decreases total profit increase
C. As the number of complaints increases total profit increases
D. There is no apparent relationship between the number of complaints and total profit
E. Both A and B are correct
9) Which Stem and Leave display is correct for variable Sales of featured item each day?
A C
0 89 0 89
1 000001233344556788 1 000001233344556788
2 12233333444669999 2 12233333444669999
3 000 3 00
B D
0 89 0 89
1 00001233344556788 1 000011233344556788
2 12233333444669999 2 12233333444669999
3 000 3 000
A. A
B. B
C. C
D. D
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MBA624-MSF624 Exam 1 Spring 2017
13) What is the range for Profit from Featured Item Sales?
A. $789
B. $715
C. $138
D. $465
14) What is the 35th percentile for Dozens sold each day?
A. 6.00
B. 14.65
C. 5.65
D. 8.25
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MBA624-MSF624 Exam 1 Spring 2017
17) What is the correlation between Dozens Sold Each Day and Total Profit?
A. 0.97
B. 0.03
C. 0.24
D. 0.30
19) The interquartile range for Sales of Featured Item Each Day is?
A. 22
B. 11
C. 8
D. 17
20) The standard deviation for Profit From Pastry Sales is?
A. 66.45
B. 196.32
C. 1198.56
D. 34.62
21) The probability that a student gets an A in a given course is 0.3. The probability that a
student is female in the course is 0.6. The probability that a student gets an A or is
female is 0.7. What is the probability a student is female and gets an A.
A. 0.18
B. 0.33
C. 0.42
D. 0.20
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MBA624-MSF624 Exam 1 Spring 2017
22) An automobile dealer has three locations. One in Lincoln, another in Omaha, and the
final one in Kansas City. The dealer sells Fords and Toyotas at each location. The chart
below shows the probability that a car is sold from that location. In the next column is
the probability the car sold from that location is a Ford. What is the probability that a
car sold from any location is a Ford?
A. 0.350
B. 0.445
C. 0.555
D. 0.467
23) A convenience store in the south has found that the probability that a soda sold in the
store is a Coke is 0.6. The probability that the soda is any other brand is 0.4. The
probability that the soda is a diet soda given it is a coke is 0.3. The probability that it is
a diet soda given it is any other brand is 0.6. What is the probability that any given soda
sold is a diet soda?
A. 0.42
B. 0.24
C. 0.18
D. 0.66
24) A certain password must be 5 characters long. The first 2 characters must be letters, the
second 2 characters must be numbers. The last number can be a letter or a number.
How many different passwords can be created?
A. 17,576,000
B. 2,433,600
C. 676,000
D. 1,757,600
25) There are 25 finalists in a drawing. First prize is a trip to Hawaii, second prize is a trip
to Chicago. Third prize is a trip to Kansas City. How many different ways can the
prizes be awarded?
A. 2,300
B. 24,360
C. 1,140
D. 13,800
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MBA624-MSF624 Exam 1 Spring 2017
26) A company has 50 employees but only 6 parking places in this location. The rest of the
employees must take a shuttle into the work location. Each month the company
randomly assigns the parking spots to their employees. How many different ways can
these parking spots be assigned?
A. 3,838,380
B. 11,441,304,000
C. 15,890,700
D. 50,063,860
27) Event A and Event B are independent events. P(A) = 0.7 P(B) = 0.4. What is P(A|B)?
A. 0.28
B. 0.7
C. 0.4
D. 0.57
Use the following table for questions 29 and 30 The table details students enrolled in a course at
Bellevue University.
29) What is the probability that a student taking the course is male?
A. 0.40
B. 0.60
C. 0.57
D. 0.47
30) What is the probability that a student is female given the course is residential?
A. 0.60
B. 0.40
C. 0.47
D. 0.53
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MBA624-MSF624 Exam 1 Spring 2017
31) A salesman has 30 appointments this week. The probability of making a successful sale
is 0.58. What is the probability the salesman will make at least 18 sales for the week
(assume Binomial distribution)?
A. 0.144
B. 0.511
C. 0.346
D. 0.489
32) What is the probability the salesman will make exactly 19 sales?
A. 0.780
B. 0.125
C. 0.220
D. 0.062
33) What is the probability that the salesman will make less than 12 sales?
A. 0.036
B. 0.075
C. 0.015
D. 0.142
Use the following probability distribution for questions 34 and 35. It details the probabilities for
number of sales at a small used car lot each day.
Sales Probability
0 0.14
1 0.19
2 0.23
3 0.2
4 0.14
5 0.1
34) What is the expected value for number of car sales each day?
A. 2.72
B. 1.69
C. 2.00
D. 2.31
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MBA624-MSF624 Exam 1 Spring 2017
Use this table for question 36. This table is the relative frequency distribution of daily sales (tire
repaired) at a local tire repair shop.
Tire repaired
Xi Relative Freq.
1 0.067
2 0.133
3 0.200
4 0.267
5 0.333
A. 0.267
B. 0.033
C. 0.121
D. 0.201
37) Real estate agent has 0.40 probability of closing a deal (making a sale) with each buyer.
If the agent has 15 appointments with potential buyers. What is the expected number of
sales she would make from 15 appointments? (Binomial probability is applied).
A. 5.3
B. 6.0
C. 4.3
D. 3.3
38) Real estate agent has 0.40 probability of closing a deal (making a sale) with each buyer.
If the agent has 15 appointments with potential buyers. What is the Standard Deviation
of number of sales she would make from 15 appointments? (Binomial probability is
applied).
A. 1.897
B. 1.002
C. 1.661
D. 1.032
39) A local bar keeps records of Happy Hour (5:00 P.M. to 6:00 PM), number of customers
arriving. On average, 7 customers arriving during the happy hour. Lets assume these
arrivals follow the Poisson distribution. On a given day, what is probability of exactly 4
customers will arrive during the Happy Hour?
A. 0.0082
B. 0.0351
C. 0.0563
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MBA624-MSF624 Exam 1 Spring 2017
D. 0.0912
40) A local bar keeps records of Happy Hour (5:00 P.M. to 6:00 PM), number of customers
arriving. On average, 7 customers arriving during the happy hour. Lets assume these
arrivals follow the Poisson distribution. On a given day, what is probability of at most 2
customers will arrive during the Happy Hour?
A. 0.0296
B. 0.0212
C. 0.0103
D. 0.0190
41) Americans watch (streaming) an average 80 minutes of Netflix per day. Lets assume
daily streaming of Netflix minutes follows a normal distribution with a standard
deviation of 15 minutes. What is the probability of that a randomly selected American
will be streaming no more than 92 minutes of Netflix today?
A. 0.7355
B. 0.7881
C. 0.8912
D. 0.9225
42) Americans watch (streaming) an average 80 minutes of Netflix per day. Lets assume
daily streaming of Netflix minutes follows a normal distribution with a standard
deviation of 15 minutes. How many minutes an American should watch (streaming)
Netflix so that he/she is in the top 3% with respect to the minutes he/she watches
Netflix?
43) The number of Milk Duds in a yellow 5 oz. box of Milk Duds is normally distributed
with a mean of 20 Milk Duds and a standard deviation of 3 Milk Duds. What is the
probability that a box of Milk Duds will have no more than 22 Milk Duds in it?
A. 0.7475
B. 0.7056
C. 0.6989
D. 0.7018
44) The number of Milk Duds in a yellow 5 oz. box of Milk Duds is normally distributed
with a mean of 20 Milk Duds and a standard deviation of 3 Milk Duds. What is the
probability that a box of Milk Duds will have between 16 to 24 Milk Duds?
A. 0.7822
B. 0.6903
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MBA624-MSF624 Exam 1 Spring 2017
C. 0.7902
D. 0.8176
45) The speed at which a bottle of milk is filled and sealed is uniformly distributed and takes
between 120 to 145 seconds. What is the probability that a bottle of milk can be filled
and sealed in exactly 126 seconds?
A. 0
B. 0.33
C. 0.11
D. 0.10
46) The speed at which a bottle of milk is filled and sealed is uniformly distributed and takes
between 120 to 145 seconds. What is the probability that a bottle of milk can be filled
and sealed less than 126 seconds?
A. 0.33
B. 0.44
C. 0.24
D. 0.22
47) The speed at which a bottle of milk is filled and sealed is uniformly distributed and takes
between 120 to 145 seconds. What is the probability that a bottle of milk can be filled
and sealed between 125 and 142 seconds?
A. 0.68
B. 0.52
C. 0.58
D. 0.39
For problems 48-50, Suppose a truck battery runs for an average of 10,000 miles before it wears
out and that battery life follows an exponential distribution.
48) What is the probability that battery runs no more than 8,000 miles before it wears out?
A. 0.5507
B. 0.1212
C. 0.2103
D. 0.3190
49) What is the probability that battery runs between 8,000 miles to 12,000 miles before it
wears out?
A. 0.5012
B. 0.1222
C. 0.1481
D. 0.2261
50) What is the probability that battery runs at least 12,000 miles before it wears out?
A. 0.3012
B. 0.4351
C. 0.5355
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MBA624-MSF624 Exam 1 Spring 2017
D. 0.2558
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