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Activity-1-With-Answer - Man Sci

This document is a quiz for a management science/quantitative techniques in management course. It contains 7 quantitative problems involving concepts like probability, probability distributions, and statistical analysis. Students are instructed to show their work and round final answers to 4 decimals. The problems cover topics like probability distributions, average and variance calculations, random variable probabilities, normal and exponential distributions, and Poisson processes.

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Kyla Mendoza
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66 views1 page

Activity-1-With-Answer - Man Sci

This document is a quiz for a management science/quantitative techniques in management course. It contains 7 quantitative problems involving concepts like probability, probability distributions, and statistical analysis. Students are instructed to show their work and round final answers to 4 decimals. The problems cover topics like probability distributions, average and variance calculations, random variable probabilities, normal and exponential distributions, and Poisson processes.

Uploaded by

Kyla Mendoza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BULACAN STATE UNIVERISTY

College of Business Administration


City of Malolos, Bulacan
QUIZ 3
MANAGEMENT SCIENCE / QUANTITATIVE TECHNIQUES IN MANAGEMENT
Name: ________________________________ Date:___________________
Course and Year: ________________________

INSTRUCTIONS:
 Write your FINAL ANSWER in the space provided.
 Do not write anything on the quiz questionnaire OTHER THAN YOUR FINAL ANSWER.
 Round your FINAL ANSWER to the nearest 4 DECIMALS.
 Use BLACK BALLPEN in writing your answer. (Friction pen is PROHIBITED) NO ERASURE.

PROBLEM SOLVING:

1. The following table shows a partial probability distribution for the Kyut A. Co’s projected profits (in thousands of Peso) for the first
year of operation (the negative value denotes a loss):
x f(x)
-100 0.10
0 0.20
50 0.30
100 0.25
150 0.10
200
a. What is the value of f(200)? 0.05
b. What is the probability that Kyut A Co. will be profitable? 0.70
c. What is the probability that Kyut A Co. will make at least P100,000? 0.40

2. Data were collected on the number of operating rooms in use at SUGO Hotel over a 20-day period. On 3 of the days only one
operating room was used; on 5 days, two were used; on 8 days, three were used; and on 4 days all four rooms were used.
a. What was the average number of rooms used in the 20-day period? 2.65 or 3 rooms
b. Compute the 2 4.09
c. Compute the  2.02

3. A random variable x is uniformly distributed between 1.0 and 1.5.


a. Find P(1.00 < x < 1.25) 0.50
b. Find P(1.20 < x < 1.50) 0.60

4. Most computer languages have a function that can be used to generate random numbers. In Microsoft’s Excel, the RAND function
can be used to generate random numbers between 0 and 1. If we let x denote the random number generated, then x is a continuous
random variable with the probability density function:

a. What is the probability of generating a random number between 0.25 and 0.75? 0.50
b. What is the probability of generating a random number with a value less than or equal to 0.30? 0.30
c. What is the probability of generating a random number with a value greater than 0.60? 0.40

5. The demand for a new product is estimated to be normally distributed with  = 200 and  = 40. Let x be the number of units
demanded, and find the following probabilities:
a. P(180 < x < 220) 0.38292
b. P(x > 250) 0.10565
c. P(x < 100) 0.00621
d. P(225 < x < 250) 0.16034

6. Consider the exponential probability density function:

a. Find P(x < 2) 0.4866


b. Find P(x > 3) 0.3679
c. Find P(x < 5) 0.8111
d. Find P(2 < x < 5) 0.3245

7. More than 50 million guests stayed at bed and breakfasts (B&Bs) last year. The website for the Bed and Breakfast Inns of Baguio City,
which averages approximately seven visitors per minute, enables many B&Bs to attract guests.
a. What is the probability of no website visitors in a 1-minute period? 0.0009
b. What is the probability of two or more website visitors in a 1-minute period? 0.9927
c. What is the probability of one or more website visitors in a 30-second period? 0.9698
d. What is the probability of five or more website visitors in a 1-minute period? 0.8271

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