Random Variables Review Game

A marketing survey compiled data on the number of cars in households.  If X = the number of cars in a randomly selected household, and we omit the rare cases of more than 5 cars, then X has the following probability distribution: 
X           0          1          2          3           4           5    
P(X)   0.24    0.37    0.20    0.11    0.05     0.03
What is the probability that a randomly chosen household has at least two cars?

• 0.20
• 0.29
• 0.39
• 0.61

The table represents the probability of guessing correct on a 5 question true-false quiz.  Find the probability for at least 4 questions correct.

• .03125
• .15625
• .3125
• .1875

A stockbroker estimates that at the end of the year, there is a 40% chance a stock will be worth $50, a 35% chance it will be worth $60 and a 25% chance it will be worth $70.
What expected value does this broker assign to this stock's end-of-the-year price?

• $58.50
• $60.00
• $62.50
• $65.00

Determine which of the following distribution is NOT a probability distribution. (Remember that a valid probability distribution must add up to 1)

• A

• B

• C

• D

State whether it is Discrete or Continuous;

A film critic's rating of a film, 0 to 4 stars

• Discrete

• Continuous

State whether it is Discrete or Continuous;

The speed of a car

• Discrete

• Continuous

State whether it is Discrete or Continuous;

The sum rolled on a pair of dice

• Discrete

• Continuous

State whether it is Discrete or Continuous;

The weight of parcels at a post office

• Discrete

• Continuous

What does the n stand for in the binomial probability formula?

• Number of trials
• Number of Successes
• Probability of Successes
• Probability of Failures

What does the p stand for in the binomial probability formula?

• Number of trials
• Number of Successes
• Probability of Successes
• Probability of Failures