Beruflich Dokumente
Kultur Dokumente
Teaching Assistants: Adrian Byrne, Clarissa Fernandes, Paola Labrecciosa, Samir Patel,
Martin Schmitz, Reetta Suonpera, Denis Tkachenko, Jing Zhang. [Office Hours: To be
announced.]
Required Textbook: Basic Statistics for Business & Economics, Lind, Marchal and
Wathen, Fifth Edition, McGraw-Hill, International Edition, 2006.
There will be a term test of one and half hours duration in week 10 of Michaelmas
Term counting towards 40 per cent of your final grade for the statistics module (i.e. 20
per cent of your final grade for this course). The Statistics portion of the final
examination (of three hours total duration) accounts for the remaining 60 per cent of
your final grade for this module (i.e. 30 per cent of your final grade for this course).
There will be no penalty imposed on students with an excused absence (e.g. medical
certificate) from the term test. The term test will consist of multiple-choice questions
and short answer type questions. The final examination will consist of more-detailed
“homework-type” questions.
Students must attempt and hand in “homeworks” assigned in lectures and reviewed by
the teaching assistants in classes (weekly from week 2). These problems will be
collected at the start of classes; students are advised to make a copy so as to be able to
make notes/corrections during classes. These problems will likely form the basis for
some of the final examination questions.
Michaelmas Term
Weeks 1 to 3: Chapters 1 to 4 - Descriptive Statistics (approximately 9 lectures)
Weeks 4 & 6: Chapter 5 - Probability and Bayes’ Theorem (approximately 6 lectures)
Weeks 7 & 8: Chapters 6 and 7 - Probability Distributions (approximately 6 lectures)
Week 9: Chapter 8 - Sampling Methods and the Central Limit Theorem (approximately
3 lectures)
Week 10: Term Test - One and a half hours
Hilary Term
Week 1: Chapter 9 - Estimation and Confidence Intervals (approximately 5 lectures)
Week 2: Chapter 10 - One Sample Tests of Hypothesis (approximately 3 lectures)
Mansion House
Student Signature:__________________________________________
Student ID Number:_________________________________________
Please read the following carefully before you answer any questions.
Please ensure that you have addressed the above requests for information
before you hand in your script at the end of the examination. (Information
with respect to your tutorial group will facilitate in the returning of scripts.)
Please attempt all sections of this paper. Please answer all questions in the
space provided. There are a total of 100 marks available. Allocate your
time carefully. Good luck and enjoy your break.
3. The ________ is used to determine the average rate of change from one
period to another. Which of the following best completes the previous
sentence?
7. About 95 percent of the area under the normal curve is within ________
standard deviation(s) of the mean. Which of the following best completes
the previous sentence?
(a) one
(b) two
(c) three
10. What is the probability of getting exactly two "tails" in four tosses of a
fair coin?
(a) What is the probability a vacationer will visit at least one of these
attractions?
(b) Are the events mutually exclusive? Explain briefly.
14. If you ask four strangers on campus, what is the probability that:
15. The following table lists the probability distribution for cash prizes in a
lottery conducted in Lawson’s Department Store.
(a) What is the probability that exactly two select public accounting?
(b) What is the probability that exactly five select public accounting?
(c) How many of the sample of 15 graduates would you expect to select
public accounting?
20. There are five male candidates and three female candidates for three
positions. All eight are equally qualified. The three selected are male.
1. Ecommerce.com is studying the lead time (elapsed time between when an order
is placed and when it is filled) for a sample of recent orders. The lead times are
reported in days.
(a) If you meet three strangers, what is the probability that (i) all were born on
Tuesday? (ii) all were born on different days of the week? (iii) none were born
on Sunday?
(b) A case of 24 cans contains 1 can that is contaminated. Three cans are to be
chosen randomly for testing. (i) How many different combinations of three cans
could be selected? (ii) What is the probability that the contaminated can is
selected for testing?
(c) Suppose 60 per cent of all people prefer Coke to Pepsi. We select 16 people
for further study. (i) How many would you expect to prefer Coke? Explain
your answer. (ii) What is the probability that (exactly) 10 of those surveyed will
prefer Coke? (iii) What is the probability that (exactly) 15 of those surveyed
will prefer Coke?
(d) The mean starting salary for College graduates in the spring of 2002 was
€31,280. Assume that the distribution of starting salaries follows the normal
distribution with a standard deviation of €3,300. What per cent of the
graduates have starting salaries: (i) between €30,000 and €35,000? (ii) more
than €40,000? (iii) between €35,000 and €40,000?
(a) There are five sales representatives at Mid-Motors Ford. The five
representatives and the number of cars they sold last week are:
size 40. The standard deviation of the sample is 5. compute the probability that
the sample mean is: (i) less than 74; (ii) between 74 and 76; (iii) between 76
mean is 40 and the sample standard deviation is 5. Determine the 95 per cent
(d) Ms. Maria Wilson is considering running for mayor. She conducts a survey
of voters. A sample of 400 voters reveals that 300 would vote for her in the
election. (i) Estimate the value of the population proportion. (ii) Compute the
standard error of the proportion. (iii) Develop a 99 per cent confidence interval