R10 Sampling and Estimation
1. A simple random sample refers to each individual of the
population has:
the different probability of being chosen compared to the
other member in the sample.
the same probability of being chosen compared to the other
member in the sample..
a 1% chance of being chosen .
2. Sampling error is:
An error that occurs in the procedure of collecting, recording,
and tabulating data.
An error comes from the scare number of the sample which is
less than 20.
C
The difference between a sample statistic used to estimate a
population parameter and the actual but unknown value of
the parameter.
3. Mean height of high school students in B city is 172cm. A
random sample of 1000 high school students' mean height is
172.5cm. How to explain the difference ?
Population error.
Random error.
Sampling error.
4. Which of the following formula is correct to calculate the
standard error of the sample mean with large sample size n
and finite variance σ2?
Sx¯=sample standard deviation × squared root of n
Sx¯=sample standard deviation × n
C
Sx¯=sample standard deviation / squared root of n
5. Suppose the population distribution with a mean of μ and a
standard deviation of σ , the formula for the standard error is:
standard error =σ/n
standard error =σ×n
standard error =σ/the squared root of n
6. Central limit theorem application for sampling distribution
requires the sample size N is greater than:
50.
15.
30.
7. The mean of a population is 15 and its standard deviation is
2.5.The size of the population is 64. The standard error of this
population should be:
0.02.
0.31.
4.00.
8. A population has a mean of 25 but its standard deviation is
unknown. we select 100 members from the population to form
a sample with a mean of 22.5 and a variance of 16. Calculate
the standard error of the sample mean :
0.04.
0.2.
0.40.
9. A random sample is 100 CFA candidate's exam scoring. The
mean of the scoring is 64. The standard deviation of the
population scoring is 15. The distribution is sopposed to be
normal. The 95% confidence interval for the population mean
should be:
61.06 to 66.94.
61.06 to 69.94.
65.06 to 66.94.
10. Deli Bur is a high school. A recent survey of 25 student of
the high school indicates that the mean time they spend going
to school is 40 minutes . This sample's standard deviation is 8
minutes. The distribution of the population is supposed to be
normal. The 99% confidence interval for the mean time that all
Deli Bur students spend going to the school is:
30.72 to 34.55
B
38.52 to 54.48
35.52 to 44.48
11. Which of the following statements about the sampling
distribution of a sample mean is correct?
The sampling distribution is the probability distribution
including all datas that population including.
The sampling distribution is the probability distribution
including all possible sample means calculated from samples
whose size is different.
The sampling distribution is the probability distribution
including all possible sample means calculated from samples
whose size is the same.
12. Which of the following most correctly describes the sample
of equity ratios of 50 U.K. banks at fiscal year 2017?
Interval estimate.
B
Cross-sectional data.
Time-series data.
13. Which of the following properties is most likely desirable
for an estimate?
Reliability.
Unbiasedness
steady
14. The variance of sample mean is smallest of all unbiased
estimators, which of the following can describe this properity ?
The estimator is efficient.
The estimator is consistent.
The estimator is accuracy.
15. Which of the following is most likely to be true for t-
distribution?
As the sanmple size gets larger, the t-distribution approaches
the normal distribution.
The degrees of freedom is equal to n.
The distribution is symmetry but more peaked than a standard
normal distribution.
16. If an analyst uses a sample of historical data for analysis.
But at the time being analyzed, the data was not open.Wha
kind of this bias is?
look-ahead bias.
sample selection bias.
time-period bias.
17. Which of the following statements refers
to survivorship bias?
Use datas of stratified equity sampling.
Use point estimation method instead of interval estimation
method
Use historical datas of hedgel fund performance.
18. Assume standard deviation of population is 9%. How large
of the sample size should be drawn can let the standard error
of sample means is equal to1.255%?
70.
40.
52.
19. Assume there is an increase in degree of freedom, t-
distribution will have:
A
fatter tails and be more peaked.
fatter tails and be less peaked.
thinner tails and be more peaked.
20. Tim, an analyst of an investment company, says "If we
increase the sample size only, both the standard error and the
confidence interval width will reduce. " Tim's statement is:
correct.
incorrect about confidence interval.
incorrect about the standard error.
21. If analyst collect a random sample of 100 students in
school with 1000 students, and we found the sample mean
heights under 1.7 centimeters, but the population mean
heights is 1.8 centimeters. A friend has asked you to explain
the differences between sample mean and population mean.
Which of the following will you most likely include in your
explanation?
because of sampling error
because of sampling distribution
because of systematic sampling
22. Which of the following is most likely to described as to
separate the population into smaller groups based on one or
more distinguishing characteristics:
simple random sampling
sample statistic
stratified random sampling
23. For simple random samples of size n from a population
with a mean and a variance but without knowing distribution,
the sampling distribution of the sample mean approaches
normal distribution if the sample size is :
small
large
irrelevant
24. Based on the following information the standard error of
the sample mean is closest to:
0.13
1.19
13.49
25. If the variance of the sampling distribution is smaller than
that for other estimators of the parameter, the estimator is ：
unbiased
efficient.
consistent.
26. The standard deviation of the parameter estimate
decreases as the ：
sample size increase
sample size decrease
standard error is increase
27. Which of the following statement about two-sided
confidence interval is most correct if the confidence interval
become narrower?
A
the degree of confidence is smaller.
the degree of confidence is larger.
sampling size is smaller.
28. As the degrees of freedom gets larger, the shape of T-
distribution most likely:
approaches a standard normal distribution
becomes fatter tails
becomes less peaked
29. When sampling size is 50 with mean is 78, and population
variance is unknown, which of the following distribution is
taken if sampling forms a normal distribution?
z-statistic only
B
both t or z statistic
t-statistic only
30. Which of the following statements is most correct if
population variance is unknown?
if population variance is unknown, use the T-statistic
if population variance is unknown, use the Z-statistic
if population variance is unknown, use the F-statistic
31. If analyst want to decrease the width of the confidence
interval, which of the following statement should be selected.
increase sample variance
increase number of observations
increase confidence level
32. A friend has asked you to explain the sample selection
bias. Which of the following will you most likely include in
your explanation?
occurs when a study tests a relationship using sample data
that was not a available on the test date.
some data is systematically excluded from the analysis, usually
because of the lack of availability.
Time period over which the data is gathered is either too short
or too long
33. If fund manager chooses short time-series, which of the
following bias is most likely exist.
survivorship bias
time-period bias
look-ahead bias
34. If analyst used the current company list of manufacturing
industry, which bias is most likely exist?
Survivorship bias
Data-mining bias
Time-period bias
