Questions from Business Statistics


Q: Suppose that 70% of the women who suspect they may be

Suppose that 70% of the women who suspect they may be pregnant and purchase an in-home pregnancy test are actually pregnant. Further suppose that the test is 98% accurate. What the probability that a...

See Answer

Q: You are among 100 people attending a charity fundraiser at which a

You are among 100 people attending a charity fundraiser at which a large-screen TV will be given away as a door prize. To determine who wins, 99 white balls and 1 red ball have been placed in a box an...

See Answer

Q: To play a game, you must pay $5 for each

To play a game, you must pay $5 for each play. There is a 10% chance you will win $5, a 40% chance you will win $7, and a 50% chance you will win only $3. 1. What are the mean and standard deviation o...

See Answer

Q: The mean price of pizza in Baltimore was $2.85

The mean price of pizza in Baltimore was $2.85, $0.23 higher than the mean price of $2.62 in Dallas. To see if that difference was real, or due to chance, we took the 156 prices from Baltimore and Dal...

See Answer

Q: Safety engineers must determine whether industrial workers can operate a machine emergency

Safety engineers must determine whether industrial workers can operate a machine emergency shutoff device. Among a group of test subjects, 66% were successful with their left hands, 82% with their rig...

See Answer

Q: In the United States, the probability of having twins (usually

In the United States, the probability of having twins (usually about 1 in 90 births) rises to about 1 in 10 for women who have been taking the fertility drug Clomid. Among a group of 10 pregnant women...

See Answer

Q: A car owner may buy insurance that will pay the full price

A car owner may buy insurance that will pay the full price of repairing the car after an at-fault accident, or save $12 a year by getting a policy with a $500 deductible. Her insurance company says th...

See Answer

Q: A group of 5 women became pregnant while undergoing fertility treatments with

A group of 5 women became pregnant while undergoing fertility treatments with the drug Clomid, discussed in Exercise 7 . What the probability that 1. none will have twins? 2. exactly 1 will have twins...

See Answer

Q: The National Perinatal Statistics Unit of the Sydney Children Hospital reports that

The National Perinatal Statistics Unit of the Sydney Children Hospital reports that the mean birth weight of all babies born in birth centers in Australia in a recent year was 3564 grams about 7.86 po...

See Answer

Q: The 2016 State of Women-Owned Businesses Report commissioned by American

The 2016 State of Women-Owned Businesses Report commissioned by American Express (www.womenable.com/70/the-state-of-women-owned-businesses-in-the-u.s.:-2016) says that, excluding large, publicly trade...

See Answer