The writer is very fast, professional and responded to the review request fast also. Thank you.
• Question 1
On a Minnesota December day, the probability of snow is 0.30. The probability of a cold day is 0.50. The probability of snow and cold weather is 0.15. Are snow and cold weather independent events?
• Question 2
As a company manager for the Quick Money Business there is a 0.40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion or a raise. The probability of getting a promotion and a raise is 0.25. If you get a promotion, what is the probability that you will get a raise?
• Question 3
Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price.
There is a 60% chance that fund B will rise in price given that fund A rises in price.
There is also a 30% chance that fund B will rise in price.
What is the probability that at least one of the funds will rise in price?
• Question 4
If P(A) = 0.40, P(B | A) = 0.35, P(A ? B) = 0.69, then P(B) =
• Question 5
A recent survey shows that the probability of a college student drinking alcohol is 0.6.
Further, given that the student is over 21 years old, the probability of drinking alcohol is 0.8.
It is also known that 30% of the college students are over 21 years old.
Of the students who are not over 21, what is the probability they drink alcohol?
• Question 6
Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price.
There is a 60% chance that fund B will rise in price given that fund A rises in price.
What is the probability that both fund A and fund B will rise in price?
• Question 7
Three workers at a fast food restaurant pack the take-out chicken dinners. John packs 45% of the dinners, Mary packs 25% of the dinners and Sue packs the remaining dinners. Of the dinners John packs 4% do not include a salt packet. If Mary packs the dinner 2% of the time the salt is omitted. Lastly, 3% of the dinners do not include salt if Sue does the packing. What is the probability that you will have salt packed with your dinner?
• Question 8
Use the table below which contains data on 1200 students in a law class. If a student passed the course, what is the probability that their GPA was greater than 3.0?
GPA 0.0 – 2.0 GPA 2.01 – 3.0 GPA 3.01 – 4.0 Total
Pass 100 200 540 840
Fail 200 120 40 360
Total 300 320 580 1200
• Question 9
A six-sided die is tossed. You win $10 if the tossed die shows a 5 or an even number. What is the probability that you will win the game?
• Question 10
The final exam in QMB3600 is worth what percent of your total course grade?
Quiz 4
Review Test Submission: Quiz4
Course QMBLC Summer14
Test Quiz4
• Question 1
Shown below is a portion of an Excel output for regression analysis relating Y (dependent variable) and X (independent variable). The percent of the variability in the prediction of Y that can be attributed to the variable X
Regression Statistics
Multiple R 0.7732
R Square 0.5978
Adjusted R Square 0.5476
Standard Error 3.0414
Observations 10
ANOVA
df SS MS F Significance F
Regression 1 110 110 11.892 0.009
Residual 8 74 9.25
Total 9 184
Coefficients Standard Error t Stat P-value
Intercept 39.222 5.942 6.600 0.000
X -0.556 0.161 -3.448 0.009
• Question 2
Shown below is a portion of an Excel output for regression analysis relating Y (dependent variable) and X (independent variable). Is this model significant at the 0.05 level?
Regression Statistics
Multiple R 0.1347
R Square 0.0181
Adjusted R Square -0.0574
Standard Error 3.384
Observations 15
ANOVA
df SS MS F Significance F
Regression 1 2.750 2.75 0.2402 0.6322
Residual 13 148.850 11.45
Total 14 151.600
Coefficients Standard Error t Stat p-value
Intercept 8.6 2.2197 3.8744 0.0019
X 0.25 0.5101 0.4901 0.6322
• Question 3
A regression analysis between sales and price resulted in the following equation Y=50,000 – 8000X
The above equation implies that an
• Question 4
The actual demand for a product and the forecast for the product are shown below. Calculate the MAD.
Observation Actual Demand (A) Forecast (F)
1 35 —
2 30 35
3 26 30
4 34 26
5 28 34
6 38 28
• Question 5
Below you are given the first two values of a time series. You are also given the first two values of the exponential smoothing forecast.
Time Period (t) Time Series Value (Y t) Exponential Smoothing
Forecast (F t)
1 22 22
2 26 22
If the smoothing constant equals .3, then the exponential smoothing forecast for time period three is
• Question 6
What is the forecast for June based on a three-month weighted moving average applied to the following past demand data and using the weights: .5, .3, and .2 (largest weight is for the most recent data)?
Month Demand Forecast
January 40
February 45
March 57
April 60
May 75
June 87
• Question 7
The following time series shows the number of units of a particular product sold over the past six months. Compute the MSE for the 3-month moving average.
Month Units Sold
(Thousands)
1 8
2 3
3 4
4 5
5 12
6 10
• Question 8
Given an actual demand of 61, forecast of 58, and an alpha factor of .2, what would the forecast for the next period be using simple exponential smoothing?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more