Problem 1
Suppose that 6 female and 5 female applicants have been successfully screened for 5 positions. If the 5 positions are filled at random form the 11 finalists, what is the probability of selecting:

A: 3 females and 2 males?

B: 4 females and 1 male?

C: 5 females?

D: At least 4 females?

Problem 2
By examining the past driving records of drivers in a certain city, an insurance company has determined the following (empirical) probabilities:

[pic]

If a driver in this city is selected at random, what is the probability that:

A: He or she drives less than 10,000 miles per year or has an accident? (Type a decimal)

B: He or she drives 10,000 or more miles per year and has no accidents? (type a decimal)

Problem 3
In a study to determine frequency and dependency of color-blindness relative to females and males, 1000 people were chosen at random and the following results were recorded:

[pic]

A: Convert the table to a probability table by dividing each entry by 1,000. [pic]

B: What is the probability that a person is a woman, given that the person is color-blind? (Round to the nearest thousandth if needed)

C: What is the probability that a person is color-blind, given that the person is male?

D: Are the events color-blindness and male independent?

E: Are the events color-blindness and female dependent?

Problem 4
After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $40 million if successful (probability .4) and lose $2 million if not (probability .6); site B will net $60 million if successful (probability .3) and lose $8 million if not (probability .7). Which site should the company choose according to the expected return from each site?

A: What is the expected return for site A? ___ million

B: What is the expected return for site B? ___ million

C: Which site should the company choose? (Site A or Site B)

...BUSN 603 MULTIPLE CHOICE QUESTIONS SET PART 2-8
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Final Exam
BUSN 603 Multiple Choice Questions Set Part 2-8
Jane wants to set up a photo shop. The cost to rent is $150 per week. The variable cost of making one photo is $20 and she can sell it for $50.
1. Jane has to sell ______ photos per week to break even
2. If Jane sells 10 units ,her profits would be ______ dollars
Paul wants to choose one of the two investments opportunities over three possible scenarios. Investment 1 will yield a return of $10000 in scenario1, $2000 in scenario 2 and a negative return of $5000 in scenario 3. Investment 2 will yield a return of $6000 in scenario 1,$4000 in scenario 2 and zero in scenario 3. The probability 1 is 0.2,for scenario 2 is 0.3 and for scenario 3 is 0.5
1/If you were to choose the investment that maximizes Paul's Expected Money Value(EMV),then you should choose______
1. Investment 1
b.Investment 2
c.Indifferent
2/If Paul is uncertain about the return for investment 1,then this return has to be ____dollars in order to make Paul indifferent between these two investments(i.e two investments would have the same EMV).
Sam has a cleaning service. To better allocate his resources, he would like to forecast his weekly order based on the order number he received in the past 13...

...Possible TestQuestions - Lymphatic System
1. What are the Lymphoid Organs?:
Thymus
Spleen
Thoracic Duct
Lymph Nodes
Lymphatic Vessels
Plays central role in the body’s defenses
2. What are the Functions?
Maintains chemical composition of the interstitial fluids
Maintains normal blood volume
Produces, maintain, and distributes lymphocytes
3. What causes Edema?
Heart failure
Blockage of Lymphatic vessels
4. If you have a patient with a condition of Edema at the upper right quarter of the body, what is the potential cause of the problem?
Blockage of the Right lymphatic Duct
5. What are “wandering cells”?:
They can move from one area of the body to another by entering and exiting the blood stream freely
6. how many types of lymphocytes do we have? What are the type of lymphocytes?
T cells (80%)
B cells
NK Cells
7. Which cells accounts for 80% of total lymphocyte count?
T Cells
8. How does HIV weaken the immune system?
HIV attacks the T cells directly
9. What do B cells provide?
Humoral Immunity
Located in Blood Plasma - Antibody-mediated Immunity - Blood is the main transport
10. What are the functions of NK Cells (Immunological Surveillance Cells)?
Attack foreign cells
Attack normal cells that are infected with viruses
Attack cancer cells
11. Humoral immunity is produced by which cells?
B Cells
12. What is the sequence of the events in the body’s defenses?
Macrophages are activated by the antigen
Macrophages will phagocytize the foreign...

... What is the probability of drawing each of the following from a standard deck of cards, assuming that the first card is not replaced?
a) an ace followed by a 2 b) two aces
c) a black jack followed by a 3 d) a face card followed by a black 7
3. Repeat each part of question 2, assuming that the first card drawn is replaced and the deck shuffled prior to selecting the second card.
4. What are the odds in favour of rolling a 7, or an 11, or doubles twice in a row with a pair of standard dice?
5. Paulo’s marker is seven squares away from “home”. He must land exactly on home to win the game. If he rolls a standard die and moves his marker the number of squares indicated, what is the probability that Paulo will win the game
a) on his next turn? b) on his next two turns?
6. Eight burglary suspects are placed in a line-up, two of whom are guilty. Suppose that a witness is asked to identify the two guilty suspects, but is actually unable to make a positive identification with any degree of confidence. If the witness feels compelled to identify two suspects, what is the likelihood that the witness will randomly pick
a) the two guilty suspects? b) two innocent suspects?
7. A quality control inspector will accept a large batch of converter modules if 8 consecutive units pass inspection.
a) If, in a given batch,1 out of 20 converters will fail inspection, how likely is it that the inspector will accept the batch?
b) By...

...small chance 1/500 for any pen to be defective. The pens are supplied in packs of 10. Use this probability to calculate the approximate number of packets containing no defective, one defective and two defective pens, respectively in a consignment of 20,000 packets [ e^(--0.02) =0.9802 ]
Ans. : 19604, 392, 3.92=4 respectively
2. A manufacturer who produces medicine bottles finds that 0.1% of the bottles are defective. The bottles are packed in the boxes of 500 bottles. A drug manufacturer buys 100 boxes from the producer of bottles . Using suitable probability distribution , find how many boxes will contain (i) No defectives, (ii) At least two defectives ?
Answer (i) 0.6065 X 100= app 61 bottles, , (ii) 10 bottles app.
3. Mean and standard deviation of chest measurement of 1200 soldiers are 85 and 5 cm respectively. How many of them are expected to have their chest measurement exceeding 95 cm assuming a normal distribution. ( Prob.=0.9772, Answer =1173)
4. In a certain Poisson frequency distribution the frequency corresponding to 2 successes is half the frequency corresponding to 3 successes. Find its mean and standard deviation.( Mean=6, Sd= Sq. root of 6)
5. A soft-drink vending machine is set so that the amount of drink dispensed is a random variable with a mean of 200 ml. And a standard deviation of 15 ml. Find the probability that the average amount dispensed in a random...

...1. A quality control engineer knows that 10% of the microprocessor chips produced by a machine are defective. Out of a large shipment, five chips are chosen at random. What is the probability that none of them is defective? What is the probability that at least one is defective?
2. An automated manufacturing process produces a component with an average width of 7.55 centimeters, with a standard deviation of 0.02 centimeter. All components deviating by more than 0.05 centimeter from the mean must be rejected. What percentage of parts must be rejected? Assume a normal distribution.
3. Assume that the number of cases sold per week in December by a large group of beverage salesmen is quite close to normal distribution with a mean of 684 and a standard deviation of 60.
a. Given that the top 16% of the salesmen receive bonuses, how many cases must a salesman sell in order to receive bonus?
b. If the break-even number of cases is 600 per salesman, what proportions of the salesman are above the break-even value?
4. Neutral Executive Company is conducting an exercise to find out the age of its accounts receivables (i.e. classifying its debtors into how long each debtor is overdue). The data collected indicate that the age of the accounts follows a normal distribution, with = 28 days and = 8 days.
a. What proportion of the accounts is between 20 and 40 days old?
b. The company administrator is interested in sending reminder letters to the...

...STUDY QUESTIONS FOR TEST 3 (Major concepts)—CHAPTERS 5, 6, 7
This study guide does not include everything you need to know for the exam. It an overview of main topics that I thought were important in lecture—make sure you’ve studied your book, completed the questions at the end of each chapter, answered all of the study guide questions, and taken the practice exam a few times! I would recommend either writing out the answers or, if you’re studying with someone else, talk through these questions. Challenge yourself to answer in as much detail as possible! This study guide was formed in part by previous 213 LA’s.
Chapter 5:
What is cell theory?
Identify the different types of microscopy. How are they similar, different, and how does light enhance or hinder various types of microscopy?
Why is surface-area-to-volume ratio important for a cell?
List the differences between prokaryotic and eukaryotic cells (general structure, organelles, genetic material, etc.).
What cellular processes occur in the nucleus? Why is it important for the nucleus to have two membranes and tightly regulated pores? What are these structures called?
What is the difference between chromatin and chromosomes?
What is the endomembrane system?
What are the structural and functional differences between the rough and smooth endoplasmic reticulum?
What are ribosomes and what function do they serve in the cell? Where in the cell are they...

...Test 2
(Chapter 4, 5, 6)
NAME: __________________________
ID : __________________________
TRUE/FALSE
1. A business plan is a written document that serves as a blueprint and guide for a proposed business project.
2. Lack of commitment and dedication is one of the pitfalls in preparing business plan.
3. The cover letter is often enclosed with the completed business plan as an introduction to the purpose and contents of attached plan.
4. Manpower planning section is part of schedule of tasks and responsibility.
5. Market size is the target customer group that can be identified through a market segmentation process.
6. Marketing strategies are only formulated based on the product to be offered, the price to be charged and the distribution required to achieve and forecasted sales.
7. The operations overhead encompass water, electricity, telephone and gas facilities as well as other basic utilities that are essential in moving the operations.
8. According to SMIDEC, a medium sized business is a business establishment with an annual sales turnover of between RM 10 million and RM 20 million and which employ not more than 150 full time workers.
9. Big company has more flexibility to adapt to changes in the environment due its size and structure.
10. Method of operation or production process is considered as ‘materials input’ in transformation process.
11. A good business objective should be specific, measurable, achievable, consistency, and...

...MARKETING MANAGEMENT (MB106) – OBJECTIVE TYPE QUESTIONS (ONE SET)
MBA I SEMESTER
1. Which of the following is central to any definition of marketing?
a. Making a profit
b. Making a sale
c. Demand management
d. Transactions
e. Customer relationships
2. Introducing new products to existing markets is an example of:
a. conglomerate diversification
b. vertical diversification
c. horizontal diversification
d. concentric diversification
3. When a company acquires a supplier through an acquisition strategy, this is referred to as:
a. vertical marketing system
b. horizontal integration
c. forward integration
d. backward integration
4. When backed by buying power, wants become ________.
a. physical needs
b. demands
c. social needs
d. exchanges
e. self-esteem needs
5. Selecting which segments of a population of customers to serve is called ________.
a. managing the marketing effort
b. target marketing
c. customization
d. positioning
e. market segmentation
6. Which of the following reflects the marketing concept philosophy?
a. "You won't find a better deal anywhere."
b. "When it's profits versus customers' needs, profits will always win out."
c. "We're in the business of making and selling superior products."
d. "We don't have a marketing department, we have a customer department."
e. "We build them so you can buy them."
7. Which of the following is the term for customers who make repeat purchases and tell others
about their...