Actuarial Science CT 3 Mock Test Paper With Solution
Probability & Mathematical Statistics
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Stat 230 Summer 2014 – Final Exam Page 1 .docxdessiechisomjj4
Stat 230 Summer 2014 – Final Exam
Page 1
Please answer all 30 questions. Make sure your answers are as complete as
possible. Show all of your work and reasoning. In particular, when there are
calculations involved, you must show how you come up with your answers
with critical work and/or necessary tables. Answers that come straight from
program software packages will not be accepted.
You must include the Honor Pledge on the title page of your
submitted final exam. Exam submitted without the Honor
Pledge will not be accepted.
Honor Pledge: "I have completed this final examination myself, working independently
and not consulting anyone except the instructor. I have neither given nor received help on this
final examination."
Use the information below to answer Questions 1 through 3.
Given a sample size of 34, with sample mean 660.3 and sample standard deviation 104.9, we
perform the following hypothesis test. Since n>30, this is a Z test.
Null Hypothesis 0 : 700H
Alternative Hypothesis : 700aH
1. What is the test statistic? What is the p-value?
2. At a 5% significance level (95% confidence level), what is the critical value(s) in this
test? Do we reject the null hypothesis?
3. What are the border values of x between acceptance and rejection of this hypothesis?
Stat 230 Summer 2014 – Final Exam
Page 2
Questions 4 through 7 involve rolling of dice.
4. Given a fair, six-sided die, what is the probability of rolling the die twice and getting a
“1” each time?
5. What is the probability of getting a “1” on the second roll when you get a “1” on the first
roll?
6. The House managed to load the die in such a way that the faces “2” and “4” show up
twice as frequently as all other faces. Meanwhile, all the other faces still show up with
equal frequency. What is the probability of getting a “5” when rolling this loaded die?
7. Write the probability distribution for this loaded die, showing each outcome and its
probability.
Use the data in the table to answer Questions 8 through 9.
x 3 1 4 4 5
y 2 -2 5 4 8
8. Determine SSxx, SSxy, and SSyy.
9. Find the equation of the regression line. What is the predicted value when 4?x
Stat 230 Summer 2014 – Final Exam
Page 3
Use the data below to answer Questions 10 through 12.
A group of students from three universities were asked to pick their favorite college sport
to attend of their choice: The results, in number of students, are listed as follows:
Football Basketball Soccer
Maryland 60 70 20
Duke 10 75 15
UCLA 35 65 25
Supposed that a student is randomly selected from the group mentioned above.
10. What is the probability that the student is from UCLA or chooses football?
11. What is the probability that the student is from Duke, given that the student chooses
basketball?
12. What is the probability that the .
I am Josh U. I am a Probability Assignment Expert at statisticsassignmenthelp.com. I hold a Masters in Statistics from St. Edward’s University, USA.
I have been helping students with their homework for the past 5 years. I solve assignments related to Probability. Visit statisticsassignmenthelp.com or email info@statisticsassignmenthelp.com.
You can also call on +1 678 648 4277 for any assistance with Probability Assignments.
Stat 230 Summer 2014 – Final Exam Page 1 .docxdessiechisomjj4
Stat 230 Summer 2014 – Final Exam
Page 1
Please answer all 30 questions. Make sure your answers are as complete as
possible. Show all of your work and reasoning. In particular, when there are
calculations involved, you must show how you come up with your answers
with critical work and/or necessary tables. Answers that come straight from
program software packages will not be accepted.
You must include the Honor Pledge on the title page of your
submitted final exam. Exam submitted without the Honor
Pledge will not be accepted.
Honor Pledge: "I have completed this final examination myself, working independently
and not consulting anyone except the instructor. I have neither given nor received help on this
final examination."
Use the information below to answer Questions 1 through 3.
Given a sample size of 34, with sample mean 660.3 and sample standard deviation 104.9, we
perform the following hypothesis test. Since n>30, this is a Z test.
Null Hypothesis 0 : 700H
Alternative Hypothesis : 700aH
1. What is the test statistic? What is the p-value?
2. At a 5% significance level (95% confidence level), what is the critical value(s) in this
test? Do we reject the null hypothesis?
3. What are the border values of x between acceptance and rejection of this hypothesis?
Stat 230 Summer 2014 – Final Exam
Page 2
Questions 4 through 7 involve rolling of dice.
4. Given a fair, six-sided die, what is the probability of rolling the die twice and getting a
“1” each time?
5. What is the probability of getting a “1” on the second roll when you get a “1” on the first
roll?
6. The House managed to load the die in such a way that the faces “2” and “4” show up
twice as frequently as all other faces. Meanwhile, all the other faces still show up with
equal frequency. What is the probability of getting a “5” when rolling this loaded die?
7. Write the probability distribution for this loaded die, showing each outcome and its
probability.
Use the data in the table to answer Questions 8 through 9.
x 3 1 4 4 5
y 2 -2 5 4 8
8. Determine SSxx, SSxy, and SSyy.
9. Find the equation of the regression line. What is the predicted value when 4?x
Stat 230 Summer 2014 – Final Exam
Page 3
Use the data below to answer Questions 10 through 12.
A group of students from three universities were asked to pick their favorite college sport
to attend of their choice: The results, in number of students, are listed as follows:
Football Basketball Soccer
Maryland 60 70 20
Duke 10 75 15
UCLA 35 65 25
Supposed that a student is randomly selected from the group mentioned above.
10. What is the probability that the student is from UCLA or chooses football?
11. What is the probability that the student is from Duke, given that the student chooses
basketball?
12. What is the probability that the .
I am Josh U. I am a Probability Assignment Expert at statisticsassignmenthelp.com. I hold a Masters in Statistics from St. Edward’s University, USA.
I have been helping students with their homework for the past 5 years. I solve assignments related to Probability. Visit statisticsassignmenthelp.com or email info@statisticsassignmenthelp.com.
You can also call on +1 678 648 4277 for any assistance with Probability Assignments.
Current Affairs Notes for December MonthSOURAV DAS
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🚀 Don't miss out on this opportunity to enhance your knowledge and boost your exam readiness! Take the first step towards success by accessing our Current Affairs Notes for December Month.
For more details and admission inquiries, contact us at 📞 +91 8981679014 or visit our website 🌐 www.souravsirclasses.com. Join Dr. Sourav Sir's Classes and pave your way to a brighter future! 🌟
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Current Affairs Notes for December MonthSOURAV DAS
🌟 Stay updated with the latest Current Affairs for December Month! 📅 Dr. Sourav Sir's Classes presents comprehensive Current Affairs Notes curated by experts to keep you ahead in your preparation. 📝 Get insights into crucial events, developments, and news from around the globe in a student-friendly format.
🔍 Dive deep into the significant happenings of December with our meticulously crafted notes, designed to aid your competitive exam preparations. From politics to economics, from science to sports, we've got you covered with all the essential topics you need to know.
🎓 Dr. Sourav Sir's Classes is your one-stop destination for quality education and expert guidance. Our notes are meticulously prepared by experienced educators, ensuring clarity, accuracy, and relevance to your exams.
🚀 Don't miss out on this opportunity to enhance your knowledge and boost your exam readiness! Take the first step towards success by accessing our Current Affairs Notes for December Month.
For more details and admission inquiries, contact us at 📞 +91 8981679014 or visit our website 🌐 www.souravsirclasses.com. Join Dr. Sourav Sir's Classes and pave your way to a brighter future! 🌟
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Sourav Sir's Classes
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CAT 2018 Slot 1 (Morning Session) Question Paper With Solution || Sourav Sir'...SOURAV DAS
The full form of CAT is the Common Admission Test. CAT is a computer-based examination of admission to a graduate management programme. The test includes three sections. QA (Quantitative Ability).
Contact Us for any query related to the exam.
Feel free to reach us at 9836793076
Sourav Sir's Classes
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Indian Administrative Service
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Actuarial Science Mock Test By Sourav Sir's Classes || Probability & Mathematical Statistics - CT 3
1. 1
ACTUARIAL SCIENCE
CT3
SOURAV SIR’S CLASSES
100 MARKS 3HOURS
ATTEMPT ALL
PASS MARKS 55
1 A contestant on a game show is asked two questions. The probability that she gets the
first question correct is 0.3 and the probability that she gets the second question correct
is 0.4. Given that the probability that she gets both questions correct is 0.1, calculate
the probability that:
(i) she gets either the first, the second or both questions right 4
(ii) she gets both questions wrong.
2 Customers at a restaurant may order any combination of chips, salad or onion rings.
The probability that a customers chooses onion rings is 0.3, salad 0.4, chips and salad
0.l5, chips and onion rings 0.15, salad or onion rings 0.55, all three 0.05, none 0.2.
Calculate the probability a customer chooses:
(i) chips (ii) chips only 4
3 Two dice are thrown. Find the probability of rolling a 5 on both dice. 3
4 The punctuality of trains has been investigated by considering a number of train
journeys. In the sample, 60% of trains had a destination of Manchester, 20%
Birmingham and 20% Edinburgh. The probabilities of a train arriving late in
Manchester, Edinburgh or Birmingham are 30% , 20% and 25% respectively.
If a late train is picked at random from the group under consideration, what is the
probability that it terminated in Manchester? 4
5
3
6
2. 2
6 3
7
3MARKS
8 The probability of having a male or female child is equal. A woman has two boys and a
girl. What is the probability that her next two children are girls?
3
9 Among the 58 people applying for a job, only 30 have a particular qualification. If 5 of
the group are randomly selected for a survey about the job application procedure, what
is the probability that none of the group selected have the qualification?
Calculate the answer:
(i) exactly
(ii) using the binomial approximation 4
10