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FACULTY OF ECONOMICS AND BUSINESS

UNIVERSITI MALAYSIA SARAWAK


94300 Kota Samarahan, Sarawak
EBQ2024 STATISTICS FOR ECONOMICS AND BUSINESS
TUTORIAL 4

INSTRUCTIONS TO STUDENTS
Students are required to prepare solutions before coming to tutorial class. You may be
requested to submit your solutions to your Teaching Assistant in the class.

Section A (20 Marks)


1. The symbol and shows the
a. union and intersection of two events
b. complement and mutually exclusive of two events
c. sample space and sum of the probabilities of two events
d. None of these alternatives is correct.

2. If two events are mutually exclusive, then their intersection


a. will be equal to zero
b. can have any value larger than zero
c. must be larger than zero, but less than one
d. will be one

3. If two events are independent, then their intersection


a. will be equal to zero
b. can have any value larger than zero
c. must be larger than zero, but less than one
d. will be one

4. The addition law can be used in computing the probability of meanwhile the
multiplication law can be used in computing the probability of .
a. mutually exclusive events; conditional events
b. the intersection of two events; the union of two events
c. the union of two events; the intersection of two events
d. independent events; conditional events

5. If A and B are mutually exclusive events with P(A) = 0.3 and P(B) = 0.5, then P(AB) and
P(AB) respectively will be
a. 0.00 and 0.80
b. 0.15 and 0.20
c. 0.80 and 0.00
d. 0.20 and 0.15
6. If A and B are independent events with P(A) = 0.4 and P(B) = 0.6, then P(AB) and P(A B)
respectively will be
a. 0.76 and 0.24
b. 1.00 and 0.20
c. 0.24 and 0.76
d. 0.20 and 1.00

7. If A and B are mutually exclusive events with P(A) = 0.295, P(B) = 0.32, then P(A|B) and P(B|A)
respectively will be
a. 0.0944 and 0.6150
b. 0.6150 and 0.0944
c. 1.0000 (both)
d. 0.0000 (both)

8. If A and B are independent events with P(A) = 0.38 and P(B) = 0.55, then P(A|B) and P(B|A)
respectively will be
a. 0.20 and 0.00
b. 0.00 and 0.20
c. 0.55 and 0.38
d. 0.38 and 0.55

9. The binomial and poisson probability distribution are


a. continuous probability distributions
b. discrete probability distributions
c. uniform probability distributions
d. normal probability distributions

10. The function for standard deviation, expected value and variance of a binomial distribution
respectively are
a. (x) = P(1 - P), E(x) = Pn(1 - n) and var(x) = P(1 - P)
b. (x) = nP, E(x) = P(1 - P) and var(x) = nP
c. , E(x) = nP and var(x) = nP(1 - P)
d. None of these alternatives is correct.

11. If you are conducting an experiment where the probability of a success is .02 and you are interested
in the probability of 4 successes in 15 trials, the correct probability function to use is the
a. standard normal probability density function
b. normal probability density function
c. poisson probability function
d. binomial probability function

12. When dealing with the number of occurrences of an event over a specified interval of time or space,
the appropriate probability distribution is a
a. binomial distribution
b. poisson distribution
c. normal distribution
d. hypergeometric probability distribution
13. The probability that Mamun will catch fish when he goes fishing is 0.8. Mamun is going to fish 3
days next week at Unimas university lake. Define the random variable X to be the number of days
Mamun catches fish. The probability that Mamun will catch fish on exactly one day is
a. 0.008
b. 0.096
c. 0.104
d. 0.8

14. On the average, 6.7 cars arrive at the drive-up window of a bank every hour. Define the random
variable X to be the number of cars arriving in any hour. The probability that exactly 5 cars will
arrive in the next hour is
a. 0.1359
b. 0.1385
c. 0.0969
d. 0.6731
15. The normal and exponential distributions are
a. continuous probability distributions
b. discrete probability distributions
c. can be either continuous or discrete, depending on the data
d. both are the same distributions

16. Which of the following is not a characteristic of the normal probability distribution?
a. symmetry
b. The total area under the curve is always equal to 1.
c. 99.72% of the time the random variable assumes a value within plus or minus 1 standard
deviation of its mean
d. The mean is equal to the median, which is also equal to the mode.

17. A standard normal distribution is a normal distribution


a. with a mean of 1 and a standard deviation of 0
b. with a mean of 0 and a standard deviation of 1
c. with any mean and a standard deviation of 1
d. with any mean and any standard deviation

18. Z is a standard normal random variable. The P (-1.96 Z -1.4) equals


a. 0.8942
b. 0.0558
c. 0.475
d. 0.4192

19. X is a normally distributed random variable with a mean of 8 and a standard deviation of 4. The
probability that X is between 1.48 and 15.56 is
a. 0.0222
b. 0.4190
c. 0.5222
d. 0.9190
20. Given that Z is a standard normal random variable, what is the value of Z if the area to the
left of Z is 0.119
a. 0.381
b. +1.18
c. -1.18
d. 2.36

Section B (30 marks)


Question 1(8 marks)
You are given the following information on Events A, B, C, and D.

P(A) = 0.4 P(AD) = 0.6


P(B) = 0.2 P(A|B) = 0.3
P(C) = 0.1 P(AC) = 0.04
P(D) = . P(AD) = 0.03

a. Compute P(D).(2 marks)


b. Compute P(A|B).(2 marks)
c. Compute P(A|C).(2 marks)
d. Compute the probability of the complement of C.(2 marks)

Question 2(8 marks)


Twenty-five percent of the employees of Ali Girl-Dress shop located at Serikin are female. A
random sample of 7 employees is selected. Using the binomial probability function,

a. what is the probability that the sample contains exactly 4 female?(2 marks)
b. what is the probability that the sample contains fewer than 2 female?(3 marks)
d. what is the expected number of female in the sample?(1 mark)
e. what is the variance of the female? (2 marks)

Question 3 (6 marks)
General Hospital has noted that they admit an average of 8 patients per hour. Using the poisson
probability function,

a. what is the probability that during the next hour less then 3 patients will be admitted?(3 marks)
b. what is the probability that during the next two hours exactly 8 patients will be admitted?
(3 marks)

Question 4 (8 marks)
The salaries at a corporation are normally distributed with an average salary of RM19000 and a standard
deviation of RM4000. Using the standard normal probability function,

a. what is the probability that an employee will have a salary between RM12520 and RM13480?
(4 marks)
b. what is the probability that an employee will have a salary more than RM11880?(2.5 marks)
c. what is the probability that an employee will have a salary less than RM28440?(1.5 mark)

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