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Probability Distributions Worksheet

The document is a worksheet for a Master's program in Financial Administration at the University of San Carlos of Guatemala, focusing on binomial and Poisson distributions. It includes various probability problems related to real-life scenarios such as coin tosses, reading habits, insurance policies, and customer arrivals. The worksheet requires students to calculate probabilities and submit their findings in groups.
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0% found this document useful (0 votes)
15 views2 pages

Probability Distributions Worksheet

The document is a worksheet for a Master's program in Financial Administration at the University of San Carlos of Guatemala, focusing on binomial and Poisson distributions. It includes various probability problems related to real-life scenarios such as coin tosses, reading habits, insurance policies, and customer arrivals. The worksheet requires students to calculate probabilities and submit their findings in groups.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UNIVERSITY OF SAN CARLOS OF GUATEMALA

GRADUATE STUDIES SCHOOL


STATISTICS
Master's in Financial Administration

WORKSHEET
BINOMIAL AND POISSON DISTRIBUTION
Instructions: In groups, the already established ones, develop the worksheet and submit the results and
procedures in classroom.
A coin is tossed four times. Calculate the probability of getting more heads than tails.
31.25%
2. The latest novel by an author has been a great success, to the point that 80% of readers have already read it.
they have read. A group of 4 friends are reading enthusiasts:
a. What is the probability that 2 people in the group have read the novel? 15.36%
b. And how maximum 2? 18.08%
3. An insurance agent sells policies to five people of the same age who are in good health.
According to the current tables, the probability that a person in these conditions lives 30 years or more
It is 2/3. Find the probability that, after 30 years, they will be alive:
a. The five people. 13.16%
b. At least three people.
c. Exactly two people. 16.46%
The average sale of Toyota cars in Guatemala is three a day.
a. What is the probability that no Toyota is sold on a certain day? 4.98%
13.49%
5. 60% of Americans read their employment contract, including the fine print. Suppose that
the number of employees who read each of the words in their contract can be modeled using the
binomial distribution. Considering a group of five employees, find out what the probability is of
what
The five read each of the words of their contract.
At least three read each of the words of their contract.
c. Less than two read each of the words of their contract 8.7%
6. La Aurora International Airport records the statistics of mishandled luggage per 1,000.
passengers (or at least it should do so). In 2016, an airline X had 3.21 damaged bags per
1,000 passengers. What is the probability that, with the next 1,000 passengers, this airline will have
a. No damaged suitcase 4.01%
b. At least one damaged suitcase 16.94%
c. At least two damaged suitcases 37.74%
7. As a manager of McDonald's, you observe that customers enter your establishment at a rate of 8 per
hour. What is the probability that less than 5 customers will enter in the next hour? 9.96%
8. In an exam, you must obtain "at least" a score of 75 points out of a total of 100 points, suppose
that this is true and false and contains 10 questions to answer. If you flip a coin to
determine the answer to each question,
a. What is the probability that you will pass? Consider that each question has the same
weighting. 5.47%
b. If the exam were changed and now has 30 questions, what is the probability that you will pass?
Consider that each question has the same weighting. 0.26%
c. Suppose you didn't study, which of the two exams would you prefer and for what reason? The one of
10 questions because you are more likely to get more correct answers
A study has shown that in a certain neighborhood, 60% of households have at least two televisions.
randomly select a sample of 50 households in the mentioned neighborhood. It is requested:
a. What is the probability that at least 20 of the mentioned households have at least two
televisions?0.34%
UNIVERSITY OF SAN CARLOS OF GUATEMALA
SCHOOL OF POSTGRADUATE STUDIES
STATISTICS
Master's in Financial Management

b. What is the probability that between 35 and 40 (inclusive) households have at least two?
televisions? 9.47 %
A recent study revealed that 40% of women in the metropolitan area who work full-time
they also do volunteer work within their community. Suppose they randomly select eight
women.
What is the probability that exactly three women do volunteer work? 27.87%
b. What is the probability that at least one woman does volunteer work? 10.64%
In a city, it is estimated that the maximum temperature in the month of June follows a normal distribution, with
Mean of 23° and standard deviation of 5°. Calculate the number of days in the month in which it is expected to reach
highs between 21° and 27°. 13 days
12. The average weight of 500 students in a school is 70 kg and the standard deviation is 3 kg. Assuming
Given that weights are normally distributed, find how many students weigh: 1) Between 60 kg and 75 kg 476
estudiantes2) Más de 90 kg 0 estudiantes3) Menos de64 kg 12 Estudiantes 4) 64 kg 19 estudiantes
13. It is supposed that the results of an exam follow a normal distribution with a mean of 78 and a standard deviation.
Standard 36. It is requested: 1) What is the probability that a person who takes the exam will obtain
a grade higher than 72? 56.618%
2) Calculate the proportion of students who have scores that exceed by at least five points
of the score that marks the boundary between the Suitable and Not Suitable (25% are declared Not Suitable
50.387% of students who scored the lowest
14. Various intelligence tests gave a score that follows a normal law with a mean of 100 and standard deviation
typical 15
1) Determine the percentage of the population that would achieve a coefficient between 95 and 11037.807%
What interval centered around 100 contains 50% of the population? 85 and 115
3) In a population of 2500 individuals, how many individuals are expected to have a superior coefficient?
between 125 and 120 people
15. After a general culture test, it is observed that the scores obtained follow a normal distribution.
with a mean of 65 and a standard deviation of 18. It is desired to classify the examined into three groups (low
general knowledge, of acceptable general knowledge, of excellent general knowledge) so that there is in the first one
20% of the population, 65% in the second, and 15% in the third. What should the scores be?
What marks the transition from one group to another?

46, 50 and 72 points

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