- Exam Code: Applied-Probability-and-Statistics
- Exam Name: Applied Probability and Statistics (FZO1 C955)
- Updated: Aug 28, 2026
- Q & A: 158 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Statistical Inference | - Estimation
|
| Topic 2: Regression and Correlation | - Relationship analysis
|
| Topic 3: Probability Distributions | - Continuous distributions
|
| Topic 4: Probability | - Probability rules
|
| Topic 5: Descriptive Statistics | - Data visualization
|
1. Expected value of X = 1×0.2 + 2×0.5 + 3×0.3 = ?
A) 3.0
B) 1.5
C) 2.0
D) 2.1
2. What is true about the correlation between the variables?
A) There is a weak negative correlation between the variables x and y.
B) There is a strong positive correlation between the variables x and y.
C) There is a strong negative correlation between the variables x and y.
D) There is a weak positive correlation between the variables x and y.
3. Binomial distribution parameters = ?
A) # and #
B) None
C) n, trials; p, success probability
D) #
4. Probability cannot be:
A) Negative
B) 0
C) Between 0-1
D) 1
5. What percent of data lies within 2 standard deviations of the mean in a normal distribution?
A) 68%
B) 95%
C) 50%
D) 99%
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |
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