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Business Analytics Final Exam Questions and Answers
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Business Analytics Final Exam Questions and Answers A probability distribution showing the probability of x successes in n trials, where the probability of success does not change from trial to trial, is termed a - ANSWER-binomial probability distribution. Suppose you first randomly sample one ...

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  • November 3, 2024
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  • 2024/2025
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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




Business Analytics Final Exam Questions

and Answers


A probability distribution showing the probability of x successes in n trials, where the probability of

success does not change from trial to trial, is termed a - ANSWER✔✔-binomial probability distribution.


Suppose you first randomly sample one card from a deck of 52. Then, without putting the card back in

the deck you sample a second and then (again without replacing cards) a third. Given this sampling

procedure, what is the probability that you will select no aces in the sample of three cards. (4 of the 52

cards in the deck are aces)? Round your answer to three decimal places. - ANSWER✔✔-0.783


If A and B are mutually exclusive events with P(A) = 0.3, P(B) = 0.4, then P(A given B) = - ANSWER✔✔-0


If A and B are independent events with P(A) = 0.2 and P(B) = 0.4, then P(A union B) =




(Round your answer to two decimal places.) - ANSWER✔✔-0.52


The assembly time for a product is uniformly distributed between 6 to 10 minutes. What is the

probability that the assembly will take more than 9 minutes? Round you answer to two decimal places. -

ANSWER✔✔-.25


A basketball player steps to the line to shoot three free-throws. If her free-throw completion average is

.935 and we assume her probability of completion is constant and each shot is independent, what is the

probability that she completes no more than two? (Round your answer to three decimal places.) -

ANSWER✔✔-0.183

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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


The correlation coefficient ranges between - ANSWER✔✔--1 and +1.


A basketball player steps to the line to shoot three free-throws. If her free-throw completion average is

.935 and we assume her probability of completion is constant and each shot is independent, what is the

probability that she completes all three free-throws? (Round your answer to three decimal places.) -

ANSWER✔✔-0.817


Airline passengers arrive randomly and independently to the passenger-screening facility at a major

airport. The average arrival rate is 11 passengers per minute.




What is the probability that 11 or more passengers arrive in the next minute? Round your answer to

three decimal places. - ANSWER✔✔-0.54


he probability that a continuous random variable takes any specific value is




(Enter your answer rounded to one decimal place.) - ANSWER✔✔-0


If A and B are mutually exclusive events with P(A) = 0.35 and P(B) = 0.3, then P(A union B) = -

ANSWER✔✔-0.65


If P(A) = 0.55, P(B) = 0.50, and P(A intersection B) = 0.30, then P(A union B) = - ANSWER✔✔-0.75


In a five number summary, which of the following is not used for data summarization? - ANSWER✔✔-

The mean




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