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practice_test_2_summer2017.xlsx

Questions

Practice Test 2 BUSI 3311
Question 1: The time to download a new YouTube video is normally distributed with a mean
of 12 seconds and standard deviation of 3 seconds
a. What is the probability that the time to download the video will be less than 9 seconds
during the next download?
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b. What is the probability that the time to dowload will be between 9 and 11 seconds during
the next download?
c. What is the probability that the time to download will be greater than 13 on
the next download?
d. YouTube is concerned with downloads that take "too long." They define "too long" as
the top 5%. At approximately what time should YouTube be notified?
Question 2: If the average number of cars sales per month is 150, the population standard
deviation is known to be 25, and the sample size is 20.
a. Construct a 95% confidence interval for the population mean
lower limit upper limit
Question 3: Assuming the population is normally distributed, construct a 95% confidence
interval for the population mean, based on the following sample
Sample 4, 6, 6, 7, 8, 9, 9, 12, 15
Average
Standard deviation
Sample size
Degrees of Freedom
tα/2
Confidence Interval 95% Interval lower limit
95% Interval upper limit
Question 4: A company produces light bulbs and advertises that their light bulbs last
2,000 hours. Use the data below to conduct a 95% confidence on the light bulb hrs.
Sample of light bulbs shows the following bulb life
1702, 1832, 1909, 1955, 1987, 2012, 2332, 2422, 2439, 2453, 2566, 2643, 2677, 2701
Average
Standard deviation
Sample size
Degrees of Freedom
tα/2
95% Interval lower critical level
95% Interval upper critical level
Based on your results, can you safely state that the company advertising is fair?
Question 5: The marketing manager has stated that she believes that weekly product sales
are limited at some of the stores based on the amount of shelf space provided.
She takes a random sample of 12 stores to determine if shelf space is related
to weekly sales. She gets the following results from her linear regression
y= 7.4x + 145 y is shelf space
R2 = .6839 x is sales
a. How much variance in weekly sales does shelf space explain?
b. What is the coefficient of correlation (r)?
c. How would you rate this relationship (strong positive, weak negative, etc.)
d. Should you feel comfortable using this to predict sales using shelf space?
e. How much would you expect sales to be at a store with 12 feet of shelf space?

Sheet1

1000 2600
0.98 11500 14100
980 -1250
12850
132000 137000
-77000 -82000
55000 -39000
-3000
5 49 245 13000
7 57 399
12 644
10 53 530
2 51 102
632
15000
17000 42000
32000 16000 2.625

Sheet2

275000 60000 32000
0.05 90000 26000
13750 150000 58000
-7550 100000 2900 3000
6200 400000
28000
-3450
24550