1. An airline tracks data on its flight arrivals. Over the past six months the following data...
Question:
1. "An airline tracks data on its flight arrivals. Over the past six months the following data is collected on one route:
Arrived late: 70
Arrived on time: 150
Arrived early: 15
Cancelled: 25
What is the probability that a flight arrives early?"
Options:
A) 15% or more
B) Between 4% and 10%
C) Less than 4%
D) More than 10% but less than 15%
2. "The number and frequency of Atlantic hurricanes annually from 1940 through 2015 is shown here. This means, for instance, that no hurricanes occurred during 5 of these years, only one hurricane occurred in 16 of these years, and so on.
Number of hurricanes each year follows a Poisson distribution. Find the mean number of hurricanes per year and calculate the probability of having 5 or 6 hurricanes per year. Enter this probability as a decimal number.
Between 0.15 and 0.152
3. Based upon extensive data from a national high school educational testing program, the standard deviation of national test scores for critical reading was found to be 115 points. If a sample of 500 students are given the test, what would be the standard error of the mean?
Between 5.14 and 5.143
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans