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Stat-Mid-đề sem vừa rồi

This document contains a mid-term exam for a statistics course given at the International University–Vietnam National University – HCMC School of Business. The exam contains 4 questions testing students' abilities to [1] construct tables to summarize frequency distributions, [2] calculate and interpret measures of central tendency, standard deviation, and percentiles from wage data, [3] calculate probabilities of meeting multiple independent quality specifications, and [4] apply Bayes' theorem to calculate posterior probabilities given oil production data. The exam instructions state it is open book and electronic devices are prohibited, with results to be rounded to 4 decimal places.

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37 views

Stat-Mid-đề sem vừa rồi

This document contains a mid-term exam for a statistics course given at the International University–Vietnam National University – HCMC School of Business. The exam contains 4 questions testing students' abilities to [1] construct tables to summarize frequency distributions, [2] calculate and interpret measures of central tendency, standard deviation, and percentiles from wage data, [3] calculate probabilities of meeting multiple independent quality specifications, and [4] apply Bayes' theorem to calculate posterior probabilities given oil production data. The exam instructions state it is open book and electronic devices are prohibited, with results to be rounded to 4 decimal places.

Uploaded by

bong chichchoe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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THE INTERNATIONAL UNIVERSITY– VIETNAM NATIONAL UNIVERSITY – HCMC

SCHOOL OF BUSINESS

MID-TERM EXAMINATION
Date: November 02, 2021
Duration: 60 minutes
Student ID: .................................. Name:................................................

SUBJECT: Statistic for Business

Dean of School Lecturers


Signature: Signature:

Dr. Le Van Chon


Dr. Nguyen Minh Tuan
Dr. Nguyen Ba Trung

GENERAL INSTRUCTION(S)

1. This is an open book examination


2. Electronic decides and mobile phone are strictly prohibited
3. No Discussion and sharing Materials.

1
Please round the result to 4 decimals place, e.x 0.0001

Question 1: (25pts)
The frequency distribution below was constructed from data collected from a group of 25 students.

Height in Inches Frequency

58 - 63 3
64 - 69 5

70 - 75 2

76 - 81 6
82 - 87 4
88 - 93 3
94 - 99 2

Construct a table showing cumulative frequency, relative frequency, and cumulative relative
frequency.

Question 2: (25pts)
We have a sample of 10 workers and their wage ($ per hour) as follows.

Y 11 29 40 15 80 71 29 38 16 158

a) Comment on the distribution of the wage. Calculate Mean, Median; Mode, and do you think
which is the best center measure for the wage?

b) Calculate the standard deviation. Comment on the result that you get.

c) Estimate the value of the 60% percentile.

d) Is the observation with its value of “158” an outlier?

2
Question 3: (25pts)
A product is assembled using 10 different components, each of which must meet specifications for
five different quality characteristics.

a) Suppose that there is a 0.9973 probability that each individual specification will be met.
Assuming that all 50 specifications are met independently, find the probability that the product
meets all 50 specifications.

b) Suppose that we wish to have 99.73 percent chance that all 50 specifications will be met. If each
specification will have the same chance of being met, how large must we make the probability of
meeting each individual specification?

Question 4: (25pts)
Recall that the prior probabilities of no oil (none), some oil (some), and much oil (much) are
P(none) = 0.7; P(some) = 0.2; P(much) = 0.1.

Of 100 past sites that were drilled and produced no oil, 5 gave a medium reading. Of the 400 past
sites that were drilled and produced some oil, 376 gave a medium reading. Of the 300 past sites
that were drilled and produced much oil, 9 gave a medium reading. Calculate the posterior
probabilities of no, some, and much oil, given a medium reading.

-------The End------

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