The mode of the data set 3, 5,1,1,5,3,2,1 is:

Less than Median

A discrete variable that can often be used to describe the number of occurrences of an event over a
specified interval of time or space is a___________ random variable.

Poisson

Which one of the following statements is not an assumption of the binomial distribution?

Sampling is with replacement.

Two characteristics, or assumptions, of the Poisson distribution are that

the event occurring in one interval is independent of the event occurring in any other non overlapping
interval, and the random variable of interest is discrete

In the observation method

An electronic device may be used

There is a data-set with the following elements. 16, 15, 4,17,11,43. Range of the set is:

39

Standard deviation sample statistics is known as;

Sampling distribution

I have no idea of the day of the week or the month today. The probability that it is January and a
Tuesday is:

0.2

There are ten students scoring 4 out of 5 in a class quiz, two scoring 3 and one scoring 0. The weighted
mean in this case is: closest to:

3.5

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has
happened five days in February and is expected to follow the same trend this month. What is the
probability that this will happen tomorrow?

0.18

Suppose binomial distribution with n fixed, if p > 0.5, then:

It is a left skewed binomial distribution.

30

Which of the following distributions can be used to solve the following problem? The average number
of cars arriving at a drive-through fast-food restaurant is three in 10 minutes. What is the probability
that exactly four cars will arrive in a 5-minute interval?

Poisson

There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took.
What is the probability of a person taking retirement given that he has planned to?

0.67

How does standard error of the mean changes with increase in sample size?

Standard error of the mean decreases with increase in sample size

There are 40 employees above the age of 55 in my company among a total of 300. I meet one Mr. Das
in the bus. The probability that he is above 55 is 40/300. This is based on:

Empirical Probability

Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression
appears as ((6!)/ (3! X3!))((0.3) ^3) ((0.7) ^3) means that:

Probability of getting exactly three successes in six trials.

A Sample taken from a population

Is dependent upon the population size

What is the standard deviation of distribution of x, when it is uniformly distributed and lies between
the interval 9 to 15?

1.53

The sales of my company grew by more than 15 % three times out of the eight preceding years. Each
of those years the GDP grew by 7 % or more. It grew by 7 % or more one more year but the sales grew
less than 15 % that year. What is the probability of our sales growing by 15% or more this year?

0.37

A total of 50 raffle tickets are sold for a contest to win a car. If you purchase one ticket, what are your
odds against winning?

49 to 1
If n = 15 and p = .4, then the standard deviation of the binomial distribution is

1.897

My examination date will be in January but the date is as yet unknown. The probability of its falling in
the 1st week of January is 7/31. This is derived through the principles of:

A Priori Probability

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12.
What is standard deviation of sample means?

What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?

P(x £ 8) = 0.00

However, in the table in Q No.4, it is found later that 40 of Accounts in A are safe, 25 in B are safe and
0 of C are safe. Now the best option is to tabulate them as:

Contingency Table

In a class, 40 students scored between 90 and 100, forty five between 80 and 90 and sixteen between
70 and 80. The mode of the distribution is approximately equal to:

88

Mode is best applied on

Categorical Data

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9
to 15?

12

Variance of sample mean can be calculated as;

Population variance divided by sample size

What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to
15?

P(10 <=x <=12) = 0.33

How does sampling distribution of mean changes with increase in sample size?

Standard deviation of sampling distribution of mean decreases with increase in sample size.
Select a statement which is true for distribution of the sample mean follows normal distribution.

Irrespective of distribution of population of selected random sample.

If p = .1 and n = 5, then the corresponding binomial distribution is ____________.

right skewed

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been
ranked as risky, while B is moderately risky and D safe. What is the percentage chance that a person
has invested in a risky option??

31

The Census method can be characterized as

None of these

Samples are taken out of a population because

All of these

Which of the statement is true for the probability distribution of random variable?

(1) and (4)

Geometric Mean of the Dataset 4,16,1 is:

Primary Data is preferred over Secondary Data because

We cannot always trust secondary sources

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been
ranked as risky, while B is moderately risky and D safe. However, it is found later that 40 of Accounts
in A are safe, 25 in B are safe and 0 of C are safe. Now the best option is to tabulate them as:

Contingency Table

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been
ranked as risky, while B is moderately risky and D safe. The table is best converted to a

Summary table

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12.
What is expected value of sample means?

60
The mode of data set is 3, 5,1,1,5,3,2,1. The 75th percentile is equal to:

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been
ranked as risky, while B is moderately risky and D safe. What is the percentage of persons holding
risky investments?

60

The binomial distribution is characterized by situations that are analogous to

coin tossing

The following are generally considered as indicators of the central tendency of a distribution

Mean,Median and Mode

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has
happened five days in February and is expected to follow the same trend this month. What is the
probability of it happening both tomorrow and the day after?

0.03