1.

An agency has been hired by a political party to assess the chances to its victory data thus collected can be categorized as – All of these
2. What assumption is being made when we use the t-distribution to perform a hypothesis test? – That the underlying to population follows an
appropriately normal distribution.
3. An internal estimation is a range of values used to estimate – A population parameter.
4. The most common graphical presentation of quantitative data is a histogram? Histogram
5. Which statement is true for normal …..? Area under the normal curve is equal to one.
6. In a two tailed hypothesis test the test statistic is determined to be 2.5. The p – 12.5
7. In a one tail hypothesis test (lowly tail) the test statistic is determined to be 2. The p – value for this test is 0.0228
8. In a seated diagram a line that provides an approximation of the relationship between the variables is known as – Trend line.
9. As the sample size increases the sampling error – Accesses.
10. If my null hypothesis is Dutch people do not differ from English people in height. What is my alternative hypothesis? All the statements above one
plausible alternative hypothesis.
11. While collecting secondary data, the following needs to be become in mind – The reliability of the investigation and methods used.
12. A 95% confidence internal for a population mean is determined to be 100 or 120. If the confidence coefficient reduced to 0.90. The internal joy m –
Becomes narrowly.
13. Standard deviation is used more frequently than variance because: it provides more accurate idea of the variability.
14. I have categorized my population into 1 student, 2 adults, 3 children and 4 working people. The group is: Both A and B.
15. The age is the old age home are as follows: 65, 66, 67, 63, 68, 69, 70, 88, 91, 73, 64, 71. The mode of age in this home is – Does not exist.
16. Select a statement which is true for standard normal variant: Standard normal distribution has mean is equal to 1 and the variance s equal to 0.
17. The sum of the percentage frequencies for all classes will always equal. – 100
18. I have 4 area where Z wish to conduct market survey and wish to ensure all income groups are equally represented. However, I wish to draw
samples at random from within the various groups. I will conduct a: Stratified sample.
19. While studying the height of a particular population group, I encountered a 7 feet tall person, He will be called – An outliner
20. The variance of a population is known to be 900. At 95% confidence, the margin of error will be – 3.92 or less.
21. Characteristics of a hypothesis is - All of these.
22. The t value with a 95% confidence and 24 degree of freedom is – 2.064.
23. The Securities and Exchange Commission has determined that the no. of companies listed on the NYSE declaring bankrupting is approx. a poison
Distribution with a mean of 2.6 per month. Find the probability that exactly 4 bankruptcies occur next month – 0.1419
24. I take a list of attendants from the principal and decide to take a random sample 1. Should ensure. – Equal representation from all the categories.
25. If random variable X is normally distributed with mean 20 and standard 10, then for what value of X Z score is 2.5. – 45
26. An estimate of a population parameter that provides an internal of values believed to contain the value of the parameter is known as the –
Population estimate.
27. A survey shut contains a person who expressed his preference for a particular brand of ….. In a reply to another question he says that he would not
prefer to pay a higher value for the same. His response should characterized as: - All of these.
28. For a value of=0.5, the value of P(1-p) is –
29. The J.O supplies company buys…. - 3
30. A salesman collected the various days from in a month …. – X – Y – Graph.
31. If a hypothesis is rejected at the 5% level of significance it – May or may not be rejected at 1% level.
32. If two independent large sample are taken from two populations the sampling distribution of the difference between the two sample means – Can
be approximately by a normal distribution.
33. A multiple choice test has 30 questions and each one has fire possible answers of which only one is correct …. – 0.1325
34. In developing an internal estimate, if the population standard destination is unknown: - the sample standard deviated can be used.
35. There are 30 employees left this year. How ….. – Name of these.
36. In the data set 1, 2, 5,7,8,2 by changing the 3rd variable to 6. – The mean and median are altered.
37. ____ is used to measure auto correlation – Durbin – Watson statistic
38. _____ Technique help uncover relationship between variables. – Regression analysis.
39. In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the - Null Hypothesis
40. Using an a = 0.04 a confidence interval for a population proportion is determined to be 0.65 to 0.75. If the level of significance is decreased, the
interval for the population proportion – Becomes Narrower
41. Independent simple random samples are taken to test the difference between the means of the two populations whose variances are known. The
sample sizes are n1 = 32 and n2 = 40. The correct distribution to use is the – T distribution with 70 degree freedom
42. I measure the marks scored by student of a class in various subjects. This is an example of – Nominal and Categorical & Ordinal and Categorical
43. In a one way ANOVA – There is no interaction term
44. A company wishes to determine the top 20 distributions of a particular product. He would have to construct – Pie Chart
45. ____ is to express the desired sample as the statistical sum of other easy to sample random variables – Inverse Method
46. A multidimensional contingency table is best visualized through a – Scatter Graph
47. Which of the following does not need to be known in an order to compute p-value? The level of significance
48. There is a 60% chance that a part A is supplied by x and a 40% chance that it is from Y – 0.4
49. The data set 12,13,27,16,32 is – Right Skewed
50. For the interval estimation of m, when s is known and the sample is large, the proper distribution to use is – The normal distribution
51. What is the meaning of Heteroscedasticity – The variance of the error is not constant
52. The chi-square test is extended to compare more than ____ population – Independent
53. A bar chart can be plotted when percentages do not add up to 100 – Sometimes
54. For which of the following values of P is the value of P(1-P) maximized? – P = 0.50
55. In syntax of linear model m (formula data) data refers to – Vector
56. A tabulation method that can be used to summarize the data on two variables simultaneously is called – Cross tabulation
57. I have considered only ten times from a sample of 100 only. It is an example of – Coverage Error
58. Which parametric test can be used to find the difference in perception about metro services in Delhi from male and female passengers? – None of
the above
59. Find the expectations for a F-distribution variable with v1 = 7 and v2 = 8 – 4/3
60. Analysis of variance is a statistical method if comparing the ___ of several populations – Means
61. Using the goodness of fit test, we can assess whether a set of obtained frequencies differ from a set of ____ frequencies – Expected
62. The sum of the relative frequencies for all cases will always equal – One
63. In constructing a frequency distribution, the approximate class width is computes as – (Largest data value – smallest data value) number of classes
64. Plotting of mortality % in corona against % of a population below 65 yields a – Ogive
65. There are 12 horses in a race – 0.07
66. What assumption is being made when we use the T-Distribution to perform a hypothesis test? – That the underlying population follows an
approximately normal distribution
67. For a one-tailed test (lower trail) a sample size of 22 at 95% confidence t = -1.717
68. When the level of confidence increases the confidence interval – Becomes wider
69. For a one-tailed test (upper trail) a sample size of 18 at 195% confidence t = 1.74
70. A pooled variance test to use to determine whether there is a – Significant difference between the means
71. In ANOVA with 4 groups and a total sample size of 44, the computed F statistics is 2.33. In the case, the p-value is – Greater than 0.05
72. In ____ problem solving approach, you define the business objective as determining whether there is a difference in the mean – DCOVA
73. The difference between the point estimate, such as the sample mean and the value of the population parameter is estimates, such as the
population mean is known as the – Sampling Error
74. The degree of freedom for thee F test in a one-way ANOVA are – (c – 1) and (n – c)
75. The sum of the % frequencies for all classes will always equal – 100
76. What type of data do you need for a chi-square test – Categorical order
77. Suppose that we reject a null hypothesis at the 0.05 level of significance. For which of the following level of significance do we also reject the null
hypothesis? – 0.06
78. Children can learn a second language faster below the age of 7. In this statement – A one-tailed hypothesis
79. ____ is to express the desired sample as the statistical sum of the other easy to sample random variable – Convolution method
80. In a sample of 500 voters, 400 indicated the incumbent governor. The 95% confidence interval of votes not favoring the incumbent – 0.165 to 0.235
81. A probability statement about the sampling error is known as the – Precision
82. If an interval estimate is said to be constructed at the 90% confidence level, the confidence coefficient would be –
83. To make comparison between all pair of groups – Marascuilo Procedure
84. The z value for a 97.8% confidence interval estimation is – 2.39
85. Data that provide tables or names for categories of the items are known as – Categorical Data
86. If the null hypothesis is false then which of the following is accepted? – Alternative hypothesis
87. A frequency distribution is a tabular summary of date showing the – No. of items in several classes
88. In a one way ANNOVA – An interaction effect can be tested
89. In syntax of linear model lm (formula, data) date refers to ___ - Vector
90. A researcher is gathering data from our geographical areas designated south = 1, north = 2, east = 3, west = 4. The designated geographical regions
represent – Categorical Data
91. What assumption is being made when we use the t-distribution to perform a hypothesis test – That the underling population follows an
approximately normal distribution
92. A graphical presentation of the relationship between two variables as – A scatter diagram
93. A batch of 5000 electric lamps has a mean life of 100 hours and a standard deviation of 75 hours:- Assume a normal distribution
a) How many lamps will fails before 900 hours? – 4560
b) how many lamps will fail between 950 & 1000 hours? – 1250
c) What proportion of lamps will fails before 925 hours? – 0.16
d) given the same mean life, what would be the S.D have to ensure that no more than 20% of lamps fail before 916 hours? – 100
94. Following a two-way, between subjects ANOVA a simple effect would involve? – Taking only one level of one IV at a time and comparing the levels
of the other IV
95. We can evaluate the assumption of ____ in the errors by constructing a histogram – Normality
96. In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the – Null Hypothesis
97. We can evaluate the assumption of ___ of the errors by plotting the residuals in the order or sequence in which the data were collected –
Independence
98. We can evaluate the assumption of ___ of the errors by plotting the residuals – Normality
99. ____ test would test whether the population mean is less than a specified value – One tail hypothesis
100. Chi-square test statistic is equal to the squared difference between the ____ & _____ frequencies - Both of these (Observed and Expected)
101. What is 60in regression analysis? – The value of the outcome when all the predictors are 0
102. A two-tailed test is performed at 95% confidence. The p value is determined to be 0.09. The null hypothesis – Should not be rejected
103. In order to use the normal distribution for interval estimation of m when s is known the population – Must have normal distribution
104. We are interested in conducting a study in order to determine what % of voters of a state…. 0.05 or less at 95% confidence – 196
105. As the sample size decreases, the margin of error – Increases
106. If a hypothesis test leads to the rejection of the null hypothesis – Type 1 error may have been committed
107. The rejection probability of null hypothesis when it is true is called as – Level of significance
108. In a two-tail test for the population mean, if the null hypothesis is rejected when the alternative is true, then – A correct decision is made
109. Which test will you use if you have a numerical variable and related sample? – paired t-test
110. Which of the following distributions is continuous? – F –distribution
111. The chi-square test is extended to compare more than two _____ population – Independent
112. A statement made about a population for testing purpose is called – hypothesis
113. Which of the following values of the chi-square distribution cannot occur? – 2.45
114. Which of the following is an assumption of one way ANOVA comparing samples from three or more experimental treatment? – All of the
above
115. If my null hypothesis is ‘Dutch people do not differ from English people in height’ what is my alternative hypothesis? - All of the are
possible alternative hypothesis
116. Hypothesis test concerning a single parameter is – All of the above
117. A tabular method that can be used to summarize the data on two variables simultaneously is called – Cross tabulation
118. Data that provide labels or names for categories of like items are known as - Qualitative Data
119. ______ is just another term for variance that is used in the analysis of variance – Mean square
120. Independent single random samples are taken to test the difference between the means if 2 population whose standard are not known.
The sample sizes are n1 = 25 and n2 = 35 the correct distribution to use is the - t distribution with 58 degree of freedom
121. Which of the following statistical tests allow casual interferences to be made? – None of these
122. For a one-tailed test (lower tail), a sample size of 10 at 90% confidence, t = -1.383
123. Which of the following is not an assumption for simple linear regression? – Multicollinearity
124. For one tail test (lower tail) at 89.8% confidence, z = 1.27
125. ____ technique help uncover relationship between variable – Regression Analysis
126. Parametric statistical test examples are – All of these
Q1 the j.o supplies company buys calculators from a supplier. The probability of a defective calculator is 10%. If 100 calculators are selected at random,
what is the standard deviation of the number of defectives?

N=100 p=0.1 q= 0.9

Sqrt n.p.q = std dev.= 3

Q2 A batch of 5000 electric lamps has a mean life of 1000 hours and a standard deviation of 75 hours. Assume a normal distribution.

i) How many lamps will fail before 900 hours? Ans 456 lamps

ii) How many lamps will fail between 950 and 1000 hours? Ans 1238 lamps

iii) What proportion of lamps will fail before 925 hours? Ans 794 lamps

iv) Given the same mean life, what would the standard deviation have to be to ensure that no more than 20% of lamps fail before 916 hours Ans 100 hrs

Q3 i have 4 areas where i wish to conduct survey & wish to ensure all income groups are equally represented .however i wish to draw samples at random
from within the various groups I will conduct

Ans Stratified sample

Q4 an agency has been hired by a political party to assess the chances of victory. Data can be categorized as

Ans Primary Data

Q5 If my null hypothesis is Dutch people do not differ from English people in height. What is my alternative hypothesis?

Ans Dutch People differ in height from English people

Q6 Characteristics of Hypothesis test are? Ans All of the above

Q7 Select a statement which is true for standard normal variate

Ans The standard normal distribution is a normal distribution with a mean of zero and standard deviation of 1

Q8 An estimate of a population parameter that provides an interval of values believed to contain the value of the parameter is known as Ans Interval
estimate
Q9 The variance of a population is known to be 400. At 95% confidence, the margin of error will be Ans 3.92 or less

Q10 If a hypothesis is rejected at a 5% level of significance, it Ans may be rejected or not rejected at the 1% level

Q11 A salesman collected the foll. Cash from his retailers. To quickly arrive at highest & lowest value he should draw a Ans Histogram

Q12 Independent simple random samples are taken to test diff. b/w the means of two pop. Whose variances are not known? The sample size are n1=32 &
n2=40. The correct distribution used is the Ans T distribution with 70 degrees of freedom

Q13 The Securities and Exchange Commission has determined that the number of companies listed in NYSE declaring bankruptcy is approximately a Poisson
distribution with a mean of 2.6 per month. Find the probability that exactly 4 bankruptcy occur next month. Ans 0.1414

Ans i.e .lamda = 2.6 per month. Let x be the number of bankruptcies occurs.

Q14 the company wishes to determine top 20 distributors of particular product. he would have to construct a Ans Pie Chart

Q15 A bar chart can be plotted when %’s don’t add upto 100 Ans sometimes

Q16 Convulation METHOD TO EXPRESS THE DESIRED SAMPLE AS THE STATISTICAL SUM OF OTHER EASY TO SAMPLE RANDOM VARIABLES

Q17 For the interval estimation of μ when σ is known and the sample is large, the proper distribution to use is Ans the normal distribution

Q18 In constructing a frequency distribution, the approximate class width is computed as Ans (largest Data value - Smallest data value)/number of classes

Q19 Analysis of variance is a statistical method of comparing the Ans Means of several populations

Q20 i take a list of students from principal & decide to take a random sample I should ensure Ans equal representation from all the categories

Q21 In the most recent election, 19% of eligible students voted. If a random sample of 20 stu. Were surveyed, find the probability that exactly half voted in
the election ? Ans 0

Q22 What is the assumption made for performing the hypothesis test with T distribution?

Ans that the distribution follows a normal distribution.

Q23 Multi dimensional contingency table can be created using a Ans Pivot table
Q24 symbol used to represent chi square ? Ans X2

Q25 Which Chi Square distribution looks the most like a normal distribution?

Ans Chi Square distribution with 16 degrees of freedom

Q26 For a value of P=0.5, the value of P(1-P) is Ans maximized

Q27 A bar chart has been plotted but my boss prefers a donught chart. Is its possible? Ans with one more item of information

Q28 A & B are mutually exclusive & collectively exhaustive events. Prob. of A is 0.6. Probability of B is Ans equals to 0.4

Q29 A sample of 100 elements from a population is selected, and the standard deviation of the sample is computed.

For an interval estimation of I^u, the proper distribution to use is the

Ans t-distribution with 99 degree of freedom

Q30 There is a 60% chance that a party A is supplied by X & a 40% chance that it is from Y. The probability of a part supplied by Y being bad is 0.05 when I
detect a bad part, what is the probability that it is from company X?

Ans 0.4

Q31 In a one-tailed hypothesis test(lower tail) the test statistic is determined to be -2. The p-value for this test is Ans 0.4772

Q32 What are the assumptions of a One-Way ANOVA? Ans All of the above (normality/homo. Of variance /randomness & indep.)

Q33 Which of these is true? Ans sum of differences b/w the mean & each element of the data set is 0

Q34 we can evaluate the assumption of Ans Independence of the errors by plotting the residuals in the order of sequence in which the data were calculated

Q35 In problem solving approach, you define the business objective as determining whether there is a difference in the mean Ans Pool variance T test

Q35 A survey sheet contains a person who expressed his preference for a particular brand of cigarette. In a reply to another question he says that he would
not prefer to pay a higher value for the same. His response should be characterized as Ans Non-response

Q36 which of the following does not need to be know in order to compute p value ?
Ans None of the above is correct

Q37 As the sample size increases, sampling error Ans decreases

Q38 An interval estimate is a range of values used to estimate Ans a population parameter

Q39 If null Hypothesis is false then which is accepted ? Ans Alternative hypothesis

Q40 In a 2 tailed Hypothesis test the test statistic is determined to be -2.5. The p value for the test is Ans 0.0062

Q41 A 95% confidence interval for the pop. Mean is determined to be 100 to 120. If the confidence coeff. Is reduced to 0.9, the interval for m Ans becomes
narrower

Q42 T distribution is applicable whenever Ans both a & b

Q43 Following a two-way, b/w n-subjects ANOVA a simple effect would involve

Q44 In order to estimate the avg time spent on the computer terminals per student @ local university, data were collected for a sample of 81 students over
a one week period. Assume the population std. dev. Is 1.2 hrs. The standard error of mean is Ans 0.014

Q45 Which of the following is an assumption of one-way annova comparing samples from 3 or more experimental treatments ? Ans all of the above

Q46 A two-tailed test is performed @95% confidence. The p value is determined to be 0.09. the null hypothesis Ans shouldn’t be rejected

Q47 The following test can be used to determine the type of distribution of any data set

Q48 Poisson distribution is applied for ? Ans Discrete random variable

Q49 The t value for a 95% confidence interval estimation with 24 degrees of freedom

Ans 2.064

Q50 Find variance for an F-distribution with v1=5 & v2= 9 ? Ans 1.587

Q51 Sum of squares error (SSE) represents Ans random variation

Q52 Which of the following would be an appropriate null hypothesis?

Ans The population proportion is less than 0.65

Q53 In the ANOVA with 4 groups and a total sample size of 44, the calculated F-statistic is 2.33. In this case, the p-value is- Ans exactly 0.05

Q54 which of the following best describes the form of sampling distribution of the sample Ans It is approximately normal as long as n >=30

Q55 The chi square test is extended to compare more than two Ans independent population

Q56 For which of the following values of p is the value of P(1-p) maximized? Ans P=0.50

Q57 If a random variable x is normally distributed wth mean 20 & std dev 10, then for what value of x zscore is 2.5 ? Ans 45

Q58 In syntax linear model lm(formula, data), data refers to? Ans Vector

Q59 Find the Expectation for a F- Distribution variable with v1 = 7 and v2 = 8.

Ans 4/3

Q60 Which parametric test can be used to find the difference in perception about metro services in Delhi from Male & Female passengers ? Ans
Independent sample T-test

Q61 Using a goodness-of-fit test, we can assess whether a set of obtained frequencies differ from a set of Expected frequencies

Q62 While collecting secondary data following need to be kept in mind ?

Ans Reliability of the investigator & methods used

Q63 Plotting of mortality percentages in corona against percentage of population below 65 yield a Ans Scatter plot

Q64 There are 12 horses in a race. A &b are two of these horses. Each horse has an equal chance of winning. Let the probability of A winning the race be
0.2. What is the probability that B wins the race if prob. of others are equal Ans 0.09

Q65 The sum of the relative frequencies for all classes will always equal Ans 1

Q66 For a one-tailed test (Upper tail), a sample size of 26 at 90% confidence, t= Ans 1.316

Q67 A Type 2 error occurs when we: Ans . do not reject a false null hypothesis

Q68 Standard deviation used more frequently than variance because Ans It provides more accurate idea of the variability

Q69 As the number of degrees of freedom for a t distribution increases, the difference between the t distribution and the standard normal distribution
Ans becomes smaller

Q70 The sum of the percent frequencies for all classes will always equal

Ans 100

Q71 While studying the heights of a particular population group, I encounter a 7 ft tall person. He will be called a Ans An outlier

Q72 A multiple choice test has 30 questions & each one has five possible answers, of which one is correct. If all answers were guesses, find the probability
of getting exactly 4 correct answers. Ans 0.1325

Q73 In developing an interval estimate, if the population std dev. Is unknown

Ans It is impossible to develop an interval estimate

Q74 I measure the marks scored by students of a class in various subjects. This is an eg. of

Q75 There are 30 employees left this year. How many are expected to take VRS this year given that it is not yet known how many are planning to take

Ans None of these

Q76 . Annova techniques help uncover relationships between variables

Q77 In testing a hypothesis using the chi square test, the theoretical frequencies are based on the: Ans Null Hypothesis

Q78 used to measure autocorrelation Ans The Durbin-Watson statistic

Q79 In a one way ANOVA Ans an interaction effect can be tested

Q80 Using an a=0.04 a confidence interval for the population proportion is determined to be 0.65 to 0.75. If the level of significance is decreased, the
interval for population proportion Ans Becomes narrower

Q81 I have considered only 10 items from a sample of 100 only. It is an example of Ans Non response error

Q82 Using the following prob. distribution table of the random variable X, what is the prob. of X=3? Ans 1/15

Q83 The data set 12,13,27,18,32 is Ans Right skewed (If mean is less than median so left skewed & vice versa)

Q84 Multi dimensional contingency table can be best visualized through a

Ans Pivot table

Q85 Which statement is trur for normal curve? Ans Area under the normal curve is equal to 1

Q86 In the data set 1,2,5,7,9,2 by changing the 3rd variable to 6 Ans Mean & median are altered

Q87 Biased random sampling is made from among alternatives which have?

Ans Unequal Probability

Q88 the most common graphical presentation of quantitative data? Ans histogram

Q89 In a scatter diagram, a line that provides an approximation of the relationship between the variables is known as Trend line

Q90 . If two independent large samples are taken from two populations, the sampling distribution of the difference between the two sample means

Ans can be approximated by a normal distribution

Q91 What is the meaning of heteroscedasticity ? Ans Variances of the dependent/ predicted variable are not constant

Q92 Qualitative data can be graphically represented by using a(n) Ans Bar graph

Q93 A tabular method that can be used to summarize the data on two variables simultaneously is called Ans crosstabulation

Which of the following is an assumption of one-way anova comparing sample from three or exprimental treatments? Ans-all of the above ____test would
be best weather the population means is less than a specified value Ans- one tail hypothesis A statement about a population for testing purpose is
called___ Ans- hypothesis ___ Is just another team for variance that is used in the analysis of variance Ans- mean square In a simple linear regression to
determine whether the slope is statistically significant which test do we use an alternative of t test

Ans- f-test/ none of these What should be data is assumption for one way anova z-test Ans- homogeneity of variance/ all of these Analysis of variance is a
statistical method of comparing the ___ of several population Ans- means It is known that the variance of a population equal …. A random sample of 121
has been taken from the population there is a 95 probability that the mean will provide a margin of error of Ans- 7.84 or Less Name the technique used to
make comparisons between all pairs of group Ans- Chisquare
Consider a set of 18 samples from a standard normal distribution we square each sample and sum all the squares the number of degrees of freedom square
distribution will be Ans- 18 Whenever the population standard deviation is unknown and the population has a normal or near-normal distribution which
distribution is used in developing the interval estimation Ans- t distribution ANOM stands for Ans- analysis of mean Which of the following distribution is
continuous Ans- F- Distribution

If a null hypothesis is rejected at the 0.025 level significance Ans- may or may not be rejected at the 0.1 level For a two tailed test, sample of 20 at 80%
confidence t= Ans- 1.328 Using an a=0.04 a confidence interval for a population proportion is determined to be 0.65 to 0.75 if the level of significance is
decreased the interval population proposition Ans- becomes wider A sample of 20 items from a population return unknown s is selected in order to develop
an interval estimate of m which of the following is necessary Ans- the sample must have a normal distribution some important assumption must be satisfied
by a t test when assumption are related

Ans- all of these __ is used to measure autocorrelation Durbin Watson statistic interval estimation of m or sample size is large normal distribution chi square
test is extended to compare more than two ___ independent On which of the following does the critical value for a chi-square static rely. The degree of
freedom

Which parametric test can be used to find the difference in perception about Metro services We can evaluate the assumption of ———— of the errors by
plotting the residuals. Normality. in order to estimate average time spend on the computer terminal per student 0.26 8.74 to 9.26 hours In a simple linear
regression to determine whether the slope is statistically significant which test do we use as an alternative of t test. 1. none of these

Find Variance for an F-Distribution with v1=5 and v2=9. 1.587 In a two-tail test for the population mean, if the null hypothesis is reject a correct decision is
made In ________ problem solving approach, you define the business objective as A Cumulative relative frequency distribution shows the proportion of
data items with values less than or equal to the upper limit of each class. An alternative to critical value approach is Z value

what is b0 in regression analysis? The value of the outcome when the predictor variable is zero. in Hypothesis testing if the null hypothesis has been
rejected when the alternative is true A correct decision is made A type 1 error occurs when we ————– reject a true null hypothesis A two-tailed test is
performed at 95% confidence. The p-valueis determined to be 0.09. the null should not be rejected

if you assume that the difference scores are randomly and independently selected on which of the following does the critical value for a chi-square statistic
rely The degrees of Freedom We can evaluate the assumption of ——– of the errors by plotting the residuals in the order. Normality Some important
assumptions must be satisfied by a t-test, which assumptionare related to the samples collected for testing. All of these In determining the sample size
necessary to estimate a population proportion ,
the mean of the population The difference between the lower class limits of adjacent classes provided the class width For a one-tailed test (upper tail), a
sample size of 18 at 95% confidence, t = 1.74 ______ is another term for variance that is used in the analysis of variance. Mean square Parametric statistical
test examples are : T-test

name a non-parametric procedure when only the homogeneity-of-variance Kruskai-wallis rank test An interval estimate is a range of values used to
estimate a population parameter Which of the following is a robust test? t-test ______ is to express the desired sample as the statistical sum Inverse
method Which of the following value of chi-square distribution cannot occur? -2.45

if you assume that difference scores are randomly and independently selected from a which test will you use if you have a numerical variable and related
samples? paired t-test The degrees of freedom for the F-test in a one-way ANOVA are (c-1) and (n – c ) Children can learn a second language faster before
the age of 7. This statement is_____ A one-tailed hypothesis A statement made about a population for testing purpose is called____ Hypothesis

The following test can be used to determine the type of distribution of any data set. One sample K-S test For a one-tailed test (upper tail), a sample size of
26 at 90% confidence, t = 1.316 Poisson distribution is applied for _________ Discrete random variable for a two tailed test at 86.12% confidence, Z = 1.48
Sum of square errors (SSE) represents:

continous variation In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the Null Hypothesis We can evaluate the
assumption of ———- in the error by constructing a histogram. Normality In syntax of linear model Im (formula, data,…) data refers to______ Vector What
assumptions is being made when we use the t-distribution to perform a hypothesis test? That the underlying population follows an approximately Normal
distribution

F distribution properties fall into which of the following? A. The mean of the f- distribution is equal to________ v2 / ( v2-2) for v2>2 In a scatter diagram, a
line that provides an approx. of the relationship between trend line What would be then consequences for the OLS estimator if heteroscedasticity is present
it will be inefficient If a null hypothesis is rejected at the gency level of significance may or may not be rejected at the 0.1 level

Hypothesis test concerning a single parameter is; All of these A Tabular method that can be used to summarize the data on two variables simultaneously is
called crosstabulation an estimate of a population parameter that providesin interval of values believed to contain the value of the parameters Interval
estimate Chi-square is used to analyse: Frequencies Data that provide labels or names for categories of like items are known as

Qualitative whenever using the t distribution in estimation, we must assure that the population is approximately normal independent simple random
samples are taken to test the difference between t distribution with 58 degrees of freedom which of the following statistical tests allows causal inferences
to be made? none of these For a one-tailed test (upper tail), a sample size of 22 at 95% confidence, t = -1.717
A 95% confidence interval for a population mean is determined to be 100 to 120. becomes narrower which test will you use if you have a numerical variable
and paired t-test Two-way contingency table displays the following Comparing the courts of categorical responses between (C) The p–value is a probability
LIN are Linearity

if we change a 95% confidence interval estimate to a 99% confidence the size of the confidence interval to increase for a two-tailed at 98.4% confidence, Z =
2.41 Which of the following is not an assumption for simple linear regression? Multicollinearity All financial brokers use some version of which Monte Carlo-
based data driven Black box simulator If a hypothesis is rejected at 95% confidence, if will always be rejected at 90% confidence

As the sample size increases, the sampling error decreases Which of the following distributions is continuous? F – Distribution We can evaluate the
assumption of ______ in the error by constructing a histogram. Plotting the residual in the order or sequence. for a one – tailed test (lower tail) at 93.7%
confidence, Z= -1.53 What is the meaning of the term heteroscedasticity. The Variance of the errors is not constant

_______ test would test whether the population mean is less than a specific value. both of these IF in a linear regression model the train error is zero, then
Couldn’t comment on test error Find the expectation for a F-distribution variable with v1 = 7 and v2 = 8 4/3 F- test is used if certain conditions are met like
Variance of the two populations are known What proportion of lamps will fail before 925 hours?

0.16 .78. How many lamps will fail before 900 hrs. A.4560 How many lamps will fail between 950 and 1000 hrs. 1250 Given the same mean life, what would
the standard deviation 100 Which of these are types of simulation models. both of these In developing an interval estimate, if the population standard
deviation

the sample standard deviation can be used What should be data anova for one way ANOVA z-test ? Homogeneity of Variance As the sample size increases,
the sampling error decreases if you assume that the difference scores are randomly and independently selected None of these when a histogram has a
longer tail to the right, it is said to be skewed to the right If my null hypothesis is ‘ Dutch people do not differ from English

All of the statement below are plausible alternate hypothesis In hypothesis testing if the null hypothesis is rejected the alternative hypothesis is true In a
two-tailed hypothesis test the test statistic is determined to be -2.5. the p-value for this tets 0.0124 A probability statement about the sampling error is
known as the Precision A frequency distribution is a tabular summary of a set of data showing the frequency of items in each of several a pooled variance t
test to used to determine whether there is a significant difference between means

in anova with 4 groups and a total sample size of 44 Greater than 0.05 in a sample of 500 voters, 400 indicated they favour the incumbent governor.The
95% confidence interval of voters not favouring the incumbent is 0.165 to 0.235 • A problem-solving approach, you define te business objective as
determining whether there is a difference in the mean 1. Arlingtons scenario 2. Dcova 3. Pool variance T test 4. None of these • For a one-tailed test ( lower
tail) at 89.8% confidence , Z= 1. -1.27 2. -1.53 3. -1.96 4. -1.64 • The confidence associated with an interval estimated is called the 1. Significance 2. Degree
of association • Confidence level
1. Precision • Following is a two way , between – subjects anova a simple effect would involve 1. Conduction one contrast 2. Conducting a one way within-
subjects anova 3. Ignoring the existence of one IV and comparing the levels of other IV 4. Taking only one level of one IV at a time and comparing the levels
of other IV • We can evaluate the assumptions of ___ of the error by piloting the residual(52) 1. Independence 2. Normality 3. Equal Variance 4. None of
these • Which of the following is an assumption of one way anova comparing the samples from three(56) 1. the sample associated with each population 2.
the response variable within each of the K Population 3. all the response variables within the

4. All of above • If a hypothesis test leads to rejection of the null hypothesis(60) 1. A type II error must have been committed 2. A type II error may have
been committed 3. A type I error must have been committed 4. A type I error may have been committed • In order to use the normal distribution for
interval estimation of m when s is known, the population(59) 1. Must be very large 2. Must have a normal distribution 3. Can have any distribution 4. None
of the above • In a one tailed hypothesis test ( Lower tail ) the test statistic is determined to be -2. The P value for the test is(64) 1. 4772 2. 0228 3. 0056 4.
0228

• We are interested in conducting a study in order to determine what percentage of voters of a state(62) 1. 200 2. 100 3. 58 4. 196 • Chi square test statistic
is equal to the square difference between the ___ and ___ frequency(65) 1. Observed 2. Expected 3. Both of these 4. None of these • a situation in which
conclusion is based upon aggregate cross tabulation the different from un-aggregated cross tabulation is 1. Wrong cross tabulation 2. Simpson Rule 3.
Simpson paradox 4. Aggregated cross tabulation

• In constructing a frequency distribution the approximately class width is computed as 1. (Largest data value-smallest data value)/ no of class 2. (Largest
data value-smallest data value)/ sample size 3. (smallest data value-Largest data valve/ sample size 4. Largest data value X no, of classes • Which of these
are types of situation models 1. Continuous models 2. Discrete models 3. Both of these 4. None of these • When a data value in one sample is matched with
a corresponding data value in another sample. the sample are known is 1. Corresponding samples 2. Matched samples 3. Independent samples 4. None of
these alternative is correct

• In constructing a frequency distribution as the no of class are decreased. The class width 1. Decreased 2. Remain unchanged 3. Increased 4. Can increase
or decrease depending upon the data value • Independence simples random samples are taken to test the difference between the means of two
population those standard deviation are not known. The sample size are n1=25 and n2=35. The correct distribution to use is the 1. Poisson distribution 2. T
distribution with 60 degree of freedom 3. T distribution with 59 degree of freedom 4. T distribution with 58 degree of freedom • A frequency distribution is
1. Tabular summary of a set of data showing the relative frequency 2. A graphical form of representing data 3. A tabular summary of a set of data showing
the frequency of item in each of several non overlapping classes 4. A graphical device for presenting qualitative data • When the level of confidence
increase, the confidence interval

1. Stays the same 2. Become wider 3. Become narrower 4. Cannot tell from the information given • In General , Higher confidence level provide 1. Wider
confidence interval 2. Narrower confidence interval 3. Smaller standard error 4. Unbiased estimate • Suppose that we reject a null hypothesis at the 5%
level of significance. For which of the following level of significance do we also reject the null hypothesis 1. 0.025 2. 0.06 3. 0.02 4. 0.04 If a Hypothesis is
rejected at the 5% level of significance, it may be rejected or not rejected at the 1% level The p-Value

is a probability The Null Hypothesis uses ——— and the alternative hypothesis never uses an equal sign After computing a confidence interval, the user
believes the results are meaningless because the width Increase the sample size Independence means ——— between the variables under study No
relationship

The Chi-square test is extended to compare more than two ___________ population. independent The sum of relative frequencies for all classes will always
equal one For which regression assumptions does Durbin – Watson Independence of errors In a one –way ANOVA an interaction effect can be tested IF the
Null hypothesis is false Alternative Hypothesis

We can evaluate the assumption of ——— in the error by constructing a histogram. Independence The level of Significance is (1 – confidence level) Which
of the following best describes the form of sampling distribution of the sample proportion? It is approximately normal as long as np>= 5 and n(1-p) >= 5.
Fifteen present of the students in a school of business administration are majoring in Economics, 20% in finance, 35% in management, & 30% in accounts.
Both a bar graph and a pie chart

REGRESSION ANALYSIS techniques help uncover relationship between variables for a one-tailed test upper tail a sample size of 18 at 95%
confidence,t=1.740 a pooled variance t test to used to determine whether there is asignificant difference between means inanova with 4 groups and a total
sample size of 44Greater than 0.05 parametric statistical test examplesT test In testing a hypothesis using the chi-square test, the theoretical frequencies
are based on the: A. null hypothesis Children can learn a second language faster before the age of 7’. Is this statement:A one-tailed hypothesis one tail
hypothesis testwould test whether the population is less than specific value in a sample of 500 voters, 400 indicated they favour the incumbent
governor.The 95% confidence interval of voters not favouring the incumbent is 0.165 to 0.235

1. Which of the following is a discrete quantitative (numerical) variable? • The Dow Jones Industrial average • The volume of water released from a dam •
The distance you drove yesterday • The number of employees of an insurance company << 1. Which of the following is a continuous quantitative
(numerical) variable? • The color of a student’s eyes • The number of employees of an insurance company • The amount of milk in a 2-liter carton << • The
number of gallons of milk sold at the local grocery store yesterday 1. To monitor campus security, the campus police office is taking a survey of the number
of students in a parking lot each 30 minutes of a 24-hour period with the goal of determining when patrols of the lot would serve the most students. If X is
the number of students in the lot each period of time, then X is an example of a. • categorical variable • discrete variable << • continuous variable

• statistic 1. Researchers are concerned that the weight of the average American school child is increasing implying, among other things, that children’s
clothing should be manufactured and marketed in larger sizes. If X is the weight of school children sampled in a nationwide study, then X is an example of •
categorical variable • discrete variable • continuous variable << • a table of random numbers The classification of student class designation (freshman,
sophomore, junior, senior) is an example of • a categorical variable << • a discrete variable • a continuous variable • a table of random numbers 1. The
classification of student major (accounting, economics, management, marketing, other) is an example of • a categorical variable << • a discrete variable • a
continuous variable • va table of random numbers 1. The chancellor of a major university was concerned about alcohol abuse on her campus and wanted to
find out the proportion of students at her university who visited campus bars on the

weekend before the final exam week. Her assistant took a random sample of 250 students. The answer on “whether you visited campus bars on the
weekend before the final exam week” from students in the sample is an example of ___________ 1. a categorical variable << 2. a discrete variable 3. a
continuous variable 4. a table of random numbers 1. Referring to Scenario 1-1, the possible responses to the question “How many Blu-ray players made by
other manufacturers have you used?” are values from a a. discrete variable << 1. continuous variable 2. categorical variable 3. table of random numbers 1.
Referring to Scenario 1-1, the possible responses to the question “Are you happy, indifferent, or unhappy with the performance per dollar spent on the Blu-
ray player?” are values from

a a. discrete numerical variable 1. continuous numerical variable 2. c. categorical variable << 3. table of random numbers 1. Referring to Scenario 1-1, the
possible responses to the question “What is your annual income rounded to the nearest thousands?” are values from a a. discrete numerical variable << 1.
continuous numerical variable 2. categorical variable 3. table of random numbers 1. A type of vertical bar chart in which the categories are plotted in the
descending rank order of the magnitude of their frequencies is called a a. contingency table

1. Pareto chart << 2. stem-and-leaf display 3. pie chart 1. The width of each bar in a histogram corresponds to the 1. differences between the boundaries of
the class << 2. number of observations in each class 3. midpoint of each class 4. percentage of observations in each class 1. When constructing charts, the
following is plotted at the class midpoints: 1. frequency histograms 2. percentage polygons << 3. cumulative percentage polygon (ogives) 4. All of the above

1. Which of the following is appropriate for displaying data collected on the different brands of cars students at a major university drive? 1. A Pareto chart
<< 2. A two-way classification table 3. A histogram 4. A scatter plot 1. One of the developing countries is experiencing a baby boom, with the number of
births rising for the fifth year in a row, according to a BBC News report. Which of the following is best for displaying this data? 1. A Pareto chart 2. A two-
way classification table 3. A histogram 4. A time-series plot << 1. When studying the simultaneous responses to two categorical questions, you should set up
a

1. contingency table << 2. frequency distribution table 3. cumulative percentage distribution tabled 4. histogram 1. Data on 1,500 students’ height were
collected at a larger university in the East Coast. Which of the following is the best chart for presenting the information? 1. A pie chart 2. A Pareto chart 3. A
side-by-side bar chart 4. A histogram << 1. Data on the number of part-time hours students at a public university worked in a week were collected. Which of
the following is the best chart for presenting the information? 1. A pie chart 2. A Pareto chart 3. A percentage table
4. A percentage polygon << 1. Data on the number of credit hours of 20,000 students at a public university enrolled in a Spring semester were collected.
Which of the following is the best for presenting the information? 1. A pie chart 2. A Pareto chart 3. A stem-and-leaf display << 4. A contingency table 1. A
survey of 150 executives were asked what they think is the most common mistake candidates make during job interviews. Six different mistakes were given.
Which of the following is the best for presenting the information? 1. A bar chart << 2. A histogram 3. A stem-and-leaf display 4. A contingency table
11.Technique help uncover relationship between variable

• I) Regression analysis << • II) ANOVA • III) Hypothesis • IV) None of these 1. Which of the following statistics is not a measure of central tendency? 2.
Arithmetic mean b. Median 3. Mode d. Q3 1. Which measure of central tendency can be used for both numerical and categorical variables? 2. Arithmetic
mean b. Median 3. Mode d. Geometric mean 1. Which of the arithmetic mean, median, mode, and geometric mean are resistant measures of central
tendency? 2. The arithmetic mean and median only 3. The median and mode only 4. The mode and geometric mean only 5. The arithmetic mean and mode
only 1. In a right-skewed distribution 2. the median equals the arithmetic mean 3. the median is less than the arithmetic mean

4. the median is greater than the arithmetic mean 5. none of the above 1. Which of the following statements about the median is not true? 2. It is more
affected by extreme values than the arithmetic mean 3. It is a measure of central tendency 4. It is equal to Q2 5. It is equal to the mode in bell-shaped
“normal” distributions 1. In a perfectly symmetrical bell-shaped “normal” distribution 2. the arithmetic mean equals the median 3. the median equals the
mode 4. the arithmetic mean equals the mode 5. All the above 1. In a perfectly symmetrical distribution 2. the range equals the interquartile range 3. the
interquartile range equals the arithmetic mean 4. the median equals the arithmetic mean 5. the variance equals the estird deviation 1. When extreme
values are present in a set of data, which of the following descriptive summary measures are most appropriate 2. CV and range

3. arithmetic mean and standard deviation 4. interquartile range and median 5. variance and interquartile range 1. In general, which of the following
descriptive summary measures cannot be easily approximated from a boxplot? 2. The variance b. The range 3. The interquartile range d. The median 1. The
smaller the spread of scores around the arithmetic mean 2. the smaller the interquartile range 3. the smaller the standard deviation 4. the smaller the
coefficient of variation 5. All the above 1. If two events are collectively exhaustive, what is the probability that one or the other occurs? 2. 0 b. 0.50 3. 1.00
d. Cannot be determined from the information given 1. If two events are collectively exhaustive, what is the probability that both occur at the same time?
2. 0 b. 0.50

3. 1.00 d. Cannot be determined from the information given 1. If two events are mutually exclusive, what is the probability that one or the other occurs? 2.
0 b. 0.50 3. 1.00 d. Cannot be determined from the information given 1. If two events are mutually exclusive, what is the probability that both occur at the
same time? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given 1. If two events are mutually exclusive and collectively exhaustive,
what is the probability that both occur? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given 1. If two events are mutually exclusive and
collectively exhaustive, what is the probability that one or the other occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given
1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that event A occurs? 2. 0 .b. 0.50 3. 1.00 d. Cannot be
determined from the information given 1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs? 1. 0 b. 0.50 2. 1.00 d. Cannot be determined from the information given 1. If two equally likely events A and B are mutually exclusive, what
is the probability that event A occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given 1. If two equally likely events A and B are
collectively exhaustive, what is the probability that event A occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given

1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio- Pulmonary Resuscitation (CPR). In 180 days of school, about
how many days can we expect that the teacher on bus duty will likely be certified in CPR? 2. 5 days b. 45 days 3. 65 days d. 81 days 1. A campus program
evenly enrolls undergraduate and graduate students. If a random sample of 4 students is selected from the program to be interviewed about the
introduction of a new fast food outlet on the ground floor of the campus building, what is the probability that all 4 students selected are undergraduate
students? 2. 0.0256 b. 0.0625 3. 0.16 d. 1.00 1. A probability distribution is an equation that 2. associates a particular probability of occurrence with each
outcome 3. measures outcomes and assigns values of X to the simple events 4. assigns a value to the variability of the set of events 5. assigns a value to the
center of the set of events 1. The connotation “expected value” or “expected gain” from playing roulette at a casino means

2. the amount you expect to “gain” on a single play 3. the amount you expect to “gain” in the long run over many plays 4. the amount you need to “break
even” over many plays 5. the amount you should expect to gain if you are lucky 1. A lab orders 100 rats a week for each of the 52 weeks in the year for
experiments that the lab conducts. Suppose the mean cost of rats used in lab experiments turned out to be $13.00 per week. Interpret this value 2. Most of
the weeks resulted in rat costs of $13.00 3. The median cost for the distribution of rat costs is $13.00 4. The expected or mean cost for all weekly rat
purchases is $13.00 5. The rat cost that occurs more often than any other is $13.00 1. True or False: Another name for the mean of a probability distribution
is its expected value True 1. Which of the following about the binomial distribution is not a true statement? 2. The probability of the event of interest must
be constant from trial to trial

3. Each outcome is independent of the other 4. Each outcome may be classified as either “event of interest” or “not event of interest” 5. The variable of
interest is continuous 1. In a binomial distribution 2. the variable X is continuous 3. the probability of event of interest is stable from trial to trial 4. the
number of trials n must be at least 30 5. the results of one trial are dependent on the results of the other trials 1. Whenever π = 0.5, the binomial
distribution will 2. always be symmetric 3. be symmetric only if n is large 4. be right-skewed 5. be left-skewed 1. Whenever π = 0.1 and n is small, the
binomial distribution will be 2. symmetric 3. right-skewed 4. left-skewed 5. None of the above

1. In its standardized form, the normal distribution 2. has a mean of 0 and a standard deviation of 1. 3. has a mean of 1 and a variance of 0. 4. has an area
equal to 0.5. 5. cannot be used to approximate discrete probability distributions. 1. Which of the following about the normal distribution is not true? 2.
Theoretically, the mean, median, and mode are the same. 3. About 2/3 of the observations fall within •} 1 standard deviation from the mean. 4. It is a
discrete probability distribution. 5. Its parameters are the mean, μ, and standard deviation, σ. 1. If a particular set of data is approximately normally
distributed, we would find that approximately 2. 2 of every 3 observations would fall between •} 1 standard deviation around the mean.
3. 4 of every 5 observations would fall between •} 1.28 standard deviations around the mean. 4. 19 of every 20 observations would fall between •} 2
standard deviations around the mean. 5. All the above. 1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is: 2.
0.18 b. 0.81 3. 1.16 d. 1.47 1. For some value of Z, the value of the cumulative standardized normal distribution is 0.2090. The value of Z is: 2. – 0.81 b. –
0.31 3. 0.31 d. 1.96 1. For some value of Z, the value of the cumulative standardized normal distribution is 0.8340. The value of Z is: 2. 0.07 b. 0.37 3. 0.97 d.
1.06 1. The value of the cumulative standardized normal distribution at Z is 0.6255. The value of Z is:

2. 0.99 b. 0.40 3. c. 0.32 0.16 1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X is: 2. 0.10 b. 0.50 3. 1.00 d.
1.50 1. If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a mean
of 3.5 minutes and a standard deviation of 1 minute, find the probability that a randomly selected college student will find a parking spot in the library
parking lot in less than 3 minutes. 2. 0.3551 b. 0.3085 3. 0.2674 d. 0.1915 1. If we know that the length of time it takes a college student to find a parking
spot in the library parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1 minute, find the probability that a
randomly selected college student will take between 2 and 4.5 minutes to find a parking spot in the library parking lot. 2. 0.0919 b. 0.2255 3. 0.4938 d.
0.7745

1. In its standardized form, the normal distribution 2. has a mean of 0 and a standard deviation of 1. 3. has a mean of 1 and a variance of 0. 4. has an area
equal to 0.5. 5. cannot be used to approximate discrete probability distributions. 1. Which of the following about the normal distribution is not true? 2.
Theoretically, the mean, median, and mode are the same. 3. About 2/3 of the observations fall within •} 1 standard deviation from the mean. 4. It is a
discrete probability distribution. 5. Its parameters are the mean, μ, and standard deviation, σ. 1. If a particular set of data is approximately normally
distributed, we would find that approximately 2. 2 of every 3 observations would fall between •} 1 standard deviation around the mean. 3. 4 of every 5
observations would fall between •} 1.28 standard deviations around the mean. 4. 19 of every 20 observations would fall between •} 2 standard deviations
around the mean. 5. All the above.

1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is: 2. 0.18 b. 0.81 3. 1.16 d. 1.47 1. For some value of Z, the
value of the cumulative standardized normal distribution is 0.2090. The value of Z is: 2. – 0.81 b. – 0.31 3. 0.31 d. 1.96 1. For some value of Z, the value of
the cumulative standardized normal distribution is 0.8340. The value of Z is: 2. 0.07 b. 0.37 3. 0.97 d. 1.06 1. The value of the cumulative standardized
normal distribution at Z is 0.6255. The value of Z is: 2. 0.99 b. 0.40 3. 0.32 d. 0.16

1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X is: 2. 0.10 b. 0.50 3. 1.00 d. 1.50 1. If we know that the
length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a mean of 3.5 minutes and a
standard deviation of 1 minute, find the probability that a randomly selected college student will find a parking spot in the library parking lot in less than 3
minutes. 2. 0.3551 b. 0.3085 3. 0.2674 d. 0.1915 1. If we know that the length of time it takes a college student to find a parking spot in the library parking
lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1 minute, find the probability that a randomly selected college
student will take between 2 and 4.5 minutes to find a parking spot in the library parking lot. 2. 0.0919 b. 0.2255 3. 0.4938 d. 0.7745
1. Sampling distributions describe the distribution of 2. parameters b. statistics 3. both parameters and statistics d. neither parameters nor statistics 1. The
standard error of the mean 2. is never larger than the standard deviation of the population 3. decreases as the sample size increases 4. measures the
variability of the mean from sample to sample 5. All of the above 1. The Central Limit Theorem is important in statistics because 2. for a large n, it says the
population is approximately normal 3. for any population, it says the sampling distribution of the sample mean is approximately normal, regardless of the
samplesize 4. for a large n, it says the sampling distribution of the sample mean is approximately normal, regardless of the shape of the population 5. for
any sized sample, it says the sampling distribution of the sample mean is approximately normal

1. If the expected value of a sample statistic is equal to the parameter it is estimating, then we call that sample statistic 2. unbiased b. minimum variance 3.
biased d. random 1. For air travelers, one of the biggest complaints is of the waiting time between when the airplane taxis away from the terminal until the
flight takes off. This waiting time is known to have a right skewed distribution with a mean of 10 minutes and a standard deviation of 8 minutes. Suppose
100 flights have been randomly sampled. Describe the sampling distribution of the mean waiting time between when the airplane taxis away from the
terminal until the flight takes off for these 100 flights. 2. Distribution is right skewed with mean = 10 minutes and standard error = 0.8 minutes 3.
Distribution is right skewed with mean = 10 minutes and standard error = 8 minutes 4. Distribution is approximately normal with mean = 10 minutes and
standard error = 0.8 minutes 5. Distribution is approximately normal with mean = 10 minutes and standard error = 8 minutes 1. Which of the following
statements about the sampling distribution of the sample mean is incorrect?

1. The sampling distribution of the sample mean is approximately normal whenever the sample size is sufficiently large (n >30). 2. The sampling distribution
of the sample mean is generated by repeatedly taking samples of size n and computing the sample means. 3. The mean of the sampling distribution of the
sample mean is equal to. 4. The standard deviation of the sampling distribution of the sample mean is equal to. 1. Which of the following is true about the
sampling distribution of the sample mean? 2. The mean of the sampling distribution is always. 3. The standard deviation of the sampling distribution is
always. 4. The shape of the sampling distribution is always approximately normal. 5. All of the above are true. 1. True or False: The amount of time it takes
to complete an examination has a left skewed distribution with a mean of 65 minutes and a standard deviation of 8 minutes. If 64 students were randomly
sampled, the probability that the sample mean of the sampled students exceeds 71 minutes is approximately 0. True

1. Suppose the ages of students in Statistics 101 follow a right skewed distribution with a mean of 23 years and a standard deviation of 3 years. If we
randomly sampled 100 students, which of the following statements about the sampling distribution of the sample mean age is incorrect? 2. The mean of
the sampling distribution is equal to 23 years. 3. The standard deviation of the sampling distribution is equal to 3 years. 4. The shape of the sampling
distribution is approximately normal. 5. The standard error of the sampling distribution is equal to 0.3 years. 1. Why is the Central Limit Theorem so
important to the study of sampling distributions? 2. It allows us to disregard the size of the sample selected when the population is not normal. 3. It allows
us to disregard the shape of the sampling distribution when the size of the population is large. 4. It allows us to disregard the size of the population we are
sampling from. 5. d. It allows us to disregard the shape of the population when n is large. 1.Which of the following would be an appropriate null hypothesis?
1. The mean of a population is equal to 55 2. The mean of a sample is equal to 55 3. The mean of a population is greater than 55
4. Only (a. and (c. are appropriate 1. Which of the following would be an appropriate null hypothesis? 2. The population proportion is less than 0.65 3. The
sample proportion is less than 0.65 4. The population proportion is not less than 0.65 5. The sample proportion is no less than 0.65 1. Which of the
following would be an appropriate alternative hypothesis? 2. The mean of a population is equal to 55 3. The mean of a sample is equal to 55 4. The mean of
a population is greater than 55 5. The mean of a sample is greater than 55 1. Which of the following would be an appropriate alternative hypothesis? 2. The
population proportion is less than 0.65 3. The sample proportion is less than 0.65 4. The population proportion is not less than 0.65 5. The sample
proportion is not less than 0.65 1. A Type II error is committed when

2. you reject a null hypothesis that is true 3. you don’t reject a null hypothesis that is true 4. you reject a null hypothesis that is false 5. you don’t reject a
null hypothesis that is false 1. A Type I error is committed when 2. you reject a null hypothesis that is true 3. you don’t reject a null hypothesis that is true 4.
you reject a null hypothesis that is false 5. you don’t reject a null hypothesis that is false 1. The power of a test is measured by its capability of 2. rejecting a
null hypothesis that is true 3. not rejecting a null hypothesis that is true 4. rejecting a null hypothesis that is false 5. not rejecting a null hypothesis that is
false 1. If an economist wishes to determine whether there is evidence that mean family income in a community exceeds $50,000 2. either a one-tail or
two-tail test could be used with equivalent results 3. a one-tail test should be utilized 4. a two-tail test should be utilized 5. None of the above

1. If an economist wishes to determine whether there is evidence that mean family income in a community equals $50,000 2. either a one-tail or two-tail
test could be used with equivalent results 3. a one-tail test should be utilized 4. a two-tail test should be utilized 5. None of the above 1. If the p-value is less
than in a two-tail test, 2. the null hypothesis should not be rejected 3. the null hypothesis should be rejected 4. a one-tail test should be used 5. no
conclusion should be reached 1. True or False: For all two-sample tests, the sample sizes must be equal in the two groups.

1. True or False: When the sample sizes are equal, the pooled variance of the two groups is the average of the 2 sample variances. 1. The t test for the
difference between the means of 2 independent populations assumes that the respective 2. sample sizes are equal 3. sample variances are equal 4.
populations are approximately normal 5. All of the above 1. If we are testing for the difference between the means of 2 independent populations
presuming equal variances with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is equal to 2. 39 b. 3. If two events are collectively
exhaustive, what is the probability that one or the other occurs? 4. 0 b. 0.50 5. 1.00 d. Cannot be determined from the information given 1. If two events
are collectively exhaustive, what is the probability that both occur at the same time? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information
given

1. If two events are mutually exclusive, what is the probability that one or the other occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the
information given 1. If two events are mutually exclusive, what is the probability that both occur at the same time? 2. 0 b. 0.50 3. 1.00 d. Cannot be
determined from the information given 1. If two events are mutually exclusive and collectively exhaustive, what is the probability that both occur? 2. 0 b.
0.50 3. 1.00 d. Cannot be determined from the information given 1. If two events are mutually exclusive and collectively exhaustive, what is the probability
that one or the other occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given
1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that event A occurs? 2. 0 .b. 0.50 3. 1.00 d. Cannot be
determined from the information given 1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs? 1. 0 b. 0.50 2. 1.00 d. Cannot be determined from the information given 1. If two equally likely events A and B are mutually exclusive, what
is the probability that event A occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given 1. If two equally likely events A and B are
collectively exhaustive, what is the probability that event A occurs? 2. 0 b. 0.50 3. 1.00 d. Cannot be determined from the information given

1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio- Pulmonary Resuscitation (CPR). In 180 days of school, about
how many days can we expect that the teacher on bus duty will likely be certified in CPR? 2. 5 days b. 45 days 3. 65 days d. 81 days 1. In testing for the
differences between the means of 2 independent populations where the variances in each population are unknown but assumed equal, the degrees of
freedom are 2. n – 1 3. n1 + n2 – 1 4. n1 + n2 – 2 5. n – 2 1. Given the following information, calculate sp2, the pooled sample variance that should be used
in the pooled-variance t test. s12 = 4 s22 = 6 n1 = 16 n2 = 25 1. sp2 = 6.00 2. sp2 = 5.00 3. sp2 = 5.23 4. sp2 = 4.00

1. True or False:The sample size in each independent sample must be the same if we are to test for differences between the means of two independent
populations. 1. True or False:When you test for differences between the means of two independent populations, you can only use a two tail test. 1. True or
False: A statistics professor wanted to test whether the grades on a statistics test were the same for upper and lower classmen. The professor took a
random sample of size 10 from each, conducted a test and found out that the variances were equal. For this situation, the professor should use a t test with
related samples. 1. True or False: A statistics professor wanted to test whether the grades on a statistics test were the same for upper and lower classmen.
The professor took a random sample of size 10 from each, conducted a test and found out that the variances were equal. For this situation, the professor
should use a t test with independent samples.

1. In a one-way ANOVA, if the computed F statistic is greater than the critical F value you may 2. reject H0 since there is evidence all the means differ 3.
reject H0 since there is evidence that not all the means are different 4. not reject H0 since there is no evidence of a difference in the means 5. not reject H0
because a mistake has been made 1. Which of the following components in an ANOVA table are not additive? 2. Sum of squares 3. Degrees of freedom 4.
Mean squares 5. It is not possible to tell 1. When would you use the Tukey-Kramer procedure? 2. To test for normality

3. To test for homogeneity of variance 4. To test independence of errors 5. To test for differences in pairs of means 1. A completely randomized design 2.
has only one factor with several treatment groups 3. can have more than one factor, each with several treatment groups 4. has one factor and one block 5.
has one factor and one block and multiple values 1. The F test statistic in a one-way ANOVA is 2. MSW/MSA 3. SSW/SSA 4. MSA/MSW 5. SSA/SSW 1. The
degrees of freedom for the F test in a one-way ANOVA are 2. (n – c) and (c – 1) 3. (c – 1) and (n – c ) 4. (c – n) and (n – 1) 5. (n – 1) and (c – n)

1. In a one-way ANOVA, the null hypothesis is always 2. there is no difference in the population means 3. there is some treatment effect 4. all the
population means are different 5. some of the population means are different 1. In a one-way ANOVA 2. an interaction term is present 3. an interaction
effect can be tested 4. there is no interaction term 5. the interaction term has (c – 1)(n – 1) degrees of freedom 1. True or False: The analysis of variance
(ANOVA) tests hypotheses about the population variance 1. True or False: When the F test is used for ANOVA, the rejection region is always in the right tail

1. If we use the x2 method of analysis to test for the differences among 4 proportions, the degrees of freedom are equal to: 2. 3 b. 4 3. 5 d. 1 1. If we wish
to determine whether there is evidence that the proportion of items of interest is the same in group 1 as in group 2, the appropriate test to use is 1. the Z
test b. the x2 test 2. Both a) and b) d. Neither of a) nor b) 1. In testing a hypothesis using the x2 test, the theoretical frequencies are based on the 2. null
hypothesis 3. alternative hypothesis 4. normal distribution 5. None of the above 1. True or False: In testing the difference between two proportions using
the normal distribution, we may use either a one-tail Chi-square test or two-tail Z test.

1. True or False: The squared difference between the observed and theoretical frequencies should be large if there is no significant difference between the
proportions. 1. True or False: A test for the difference between two proportions can be performed using the chi- square distribution. 1. True or False: A test
for whether one proportion is higher than the other can be performed using the chi-square distribution. 1. When testing for independence in a contingency
table with 3 rows and 4 columns, there are degrees of freedom. 2. 5 b. 6 3. 7 d. 12 1. To use the Wilcoxon Rank Sum Test as a test for location, you must
assume that 2. the obtained data are either ranks or numerical measurements that will be converted to combined ranks 3. both samples are randomly and
independently drawn from their respective populations

4. both underlying populations from which the samples were drawn are equivalent in shape and dispersion 5. All the above 1. Which of the following is a
“robust” test procedure against the violation of distribution assumptions? 2. x2 -test of independence 3. McNemar test for the difference between two
proportions 4. x2 -test for the differences among more than two proportions 5. Wilcoxon rank sum test for difference in medians The Y-intercept (b0)
represents the 1. predicted value of Y when X = 0 2. change in estimated Y per unit change in X 3. predicted value of Y 4. variation around the sample
regression line 1. The Y-intercept (b0) represents the 2. estimated average Y when X = 0 3. change in estimated average Y per unit change in X 4. predicted
value of Y 5. variation around the sample regression line

6. The slope (b1) represents 7. predicted value of Y when X = 0 8. the estimated average change in Y per unit change in X 9. the predicted value of Y 10.
variation around the line of regression 1. The least squares method minimizes which of the following? 2. SSR 3. SSE 4. SST 5. All of the above 1. True or
False: The Chancellor of a university has commissioned a team to collect data on students’ GPAs and the amount of time they spend bar hopping every
week (measured in minutes). He wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend
time in any campus bar will have a significant impact on general students’ GPAs. His team should use a t test on the slope of the population regression. 1.
The residual represents the discrepancy between the observed dependent variable and its__predicted or estimated mean_____value.

1. If the Durbin-Watson statistic has a value close to 0, which assumption is violated? 2. Normality of the errors 3. Independence of errors 4.
Homoscedasticity 5. None of the above 1. If the Durbin-Watson statistic has a value close to 4, which assumption is violated? 2. Normality of the errors 3.
Independence of errors 4. Homoscedasticity 5. None of the above 1. The standard error of the estimate is a measure of 2. total variation of the Y variable 3.
the variation around the sample regression line 4. explained variation 5. the variation of the X variable 1. The coefficient of determination (r2) tells you 2.
that the coefficient of correlation (r) is larger than 1 3. whether r has any significance

4. that you should not partition the total variation 5. the proportion of total variation that is explained 1. While assigning random numbers in Monte Carlo
simulation, it is? 2. Necessary to assign the particular appropriate random numbers 3. Necessary to develop a cumulative probability distribution 4. To
ensure all the points in square are equally probable 5. Not necessary to assign the exact range of random number 1. As simulation is not an analytical
model, therefore the result of simulation must be viewed as? 2. Unrealistic 3. Exact 4. Approximation

5. Simplified 1. The two types of simulation are? 2. Continuous model and discrete model 3. Variable and non variable model 4. Average and service facility
model 5. Behaviour and waiting lines model 1. Biased random sampling is made from among alternatives which have? 2. Equal probability 3. Unequal
probability 4. Probability which do not sum to 1 5. Probability which sum to 1 1. Randomness in simulation arises when the interval between successive
events is? 2. Probabilistic 3. Invariable 4. Exponential 5. Convolution

1. Which of the following is not a sampling from probability distributions? 2. Inverse method 3. Simplex method 4. Convolution method 5. Rejection method
1. Simulation is defined as? 2. Requires programme writing 3. Difficult to create the appropriate events 4. A procedure for testing & experimenting on
models 5. Adequate level of user participation 1. Stimulation is a statistical experiment and it should satisfy which of the below condition? 2. Observations
are independent 3. Requires predefined coding forms 4. Sampled to be drawn 5. Distributions to be observed 1. Which of the below is the most common
methods of collecting observations in simulation? 2. Subinterval method 3. Interval method 4. Independent method

5. Non replication method 1. The important step required for simulation approach in solving a problem is to? 2. Test & validate and design the model 3.
Appropriate level of detail 4. Decision making 5. Simulating 1. Index numbers are used to 2. Compare the phenomenon from one time period to another
time period 3. Identify the ratio between two time periods 4. Find the average between two time periods 5. None of the above 1. Index number for period i
= 2. i = (value in period i / value in base period)

3. i = (value in base period / value in period) × (value in period i / value in base period) 4. i = (value in period i / value in base period) × 100 5. i = (value in
base period / value in period) × 100 1. An index number is called a simple index when it is computed from? 2. Single variable b. Multiple variables 3. Bi-
variable d. Non variable 1. Unweighted aggregate price index numbers and weighted aggregate price index numbers are the two caterogeries of? 2. Index
number 3. Price index number 4. Laypeyre’s index number 5. Paasche’s index number 1. Index numbers are used for? 2. Forecasting b. Fixed price 3.
Different price d. Constant price 1. Index for base period is always taken as? 2. 200 b. 10

3. 100 d. 1 1. How many types are used for the calculation of weighted aggregate price index numbers? 2. 7 b. 4 3. 5 d. 6 1. What is the formula used in
Laspeyres’s Price Index Number? 2. i = (Σp1q0 / Σp0q0) × 100 3. i = (Σp1q1 / Σp0q1) × 100 4. i = (Σp1q1 / Σp0q0) × 100 5. i = (Σp1q0 / Σp1q1) × 100 1. Which
of the below index number is the arithmetic mean of Laspeyres’s price index and Paasche’s price index? 2. Marshall–Edgeworth Price Index Number 3.
Dorbish–Bowley Price Index Number 4. Bowley Price Index Number 5. Walsch Price Index Number 1. The most commonly used index number is? 2. Simple
index number 3. Volume index number

4. Value index number 5. Price index number • In testing a hypothesis using the chi square test, the theoretical frequencies are based on the 1. Null
hypothesis 2. Alternate hypothesis • Normal Distribution 1. None of these • The confidence associated with an interval estimated is called the 1.
Significance 2. Degree of association • Confidence level Precision • Which test will you use if you have a numerical variable and related sample(55) 1. Paired
T test 2. Z-test • F-test 1. All of these

• Which of the following is an assumption of one way anova comparing the samples from three(56) 1. the sample associated with each population 2. the
response variable within each of the K Population • all the response variables within the 1. All of above • Which of the following values of the chi-sqaure
distribution cannot occur?(57) 1. 61 2. -2.45 • 4 1. 100 • In a two tail test for the population mean , if the null hypothesis is rejected when the alternate is
true 1. A one tailed test should be used instead of two tail test(58) 2. Type I error is committed • A type II error is committed 1. A correct decision is made •
Test would test whether the population is less than specific value(54) 1. One tailed hypothesis

2. Two tail hypothesis • Both of these 1. None of these • If a hypothesis test leads to rejection of the null hypothesis(60) 1. A type II error must have been
committed 2. A type II error may have been committed • A type I error must have been committed 1. A type I error may have been committed • In order to
use the normal distribution for interval estimation of m when s is known, the population(59) 1. Must be very large 2. Must have a normal distribution • Can
have any distribution 1. None of the above • A tailed test is performed at 95% confidence. The P value is determined to be 0.09. the null hypothesis(61) 1.
Must be rejected 2. Should not be rejected 3. Could be rejected depending on the sample size 4. Has been designed incorrectly • What is B0 in Regression
analysis(66)

1. The value of the outcome when all of the predictors are zero 2. The relationship between a predictor and the outcome variable 3. The value of the
outcome when the predictor variable is zero 4. The gradient of the regression line • We can evaluate the assumption of ___ in the errors by constructing a
histogram(63) 1. Normalities 2. Independence 3. Plotting the residuals in the order or sequence in which the data were collected 4. None of these • Chi
square test statistic is equal to the square difference between the ___ and ___ frequency(65) 1. Observed 2. Expected 3. Both of these 4. None of these •
Estimate of a population parameter that provide in interval of values believed to contain the value of the parameters 1. Confidence level 2. Interval
estimate 3. Parameter value 4. Population estimate

• a situation in which conclusion is based upon aggregate cross tabulation the different from un-aggregated cross tabulation is 1. Wrong cross tabulation 2.
Simpson Rule 3. Simpson paradox 4. Aggregated cross tabulation • In syntax of linear model IM ( formula, data ) data refer to ___ 1. Matrix 2. Vector 3.
Array 4. List • When a histogram has a longer tail to the right. It is said to be 1. Symmetrical 2. Skewed to the left 3. Skewed to the right 4. None of these
alternate is correct • In constructing a frequency distribution the approximately class width is computed as 1. (Largest data value-smallest data value)/ no of
class 2. (Largest data value-smallest data value)/ sample size 3. (smallest data value-Largest data valve/ sample size 4. Largest data value X no, of classes
• When a data value in one sample is matched with a corresponding data value in another sample. the sample are known is 1. Corresponding samples 2.
Matched samples 3. Independent samples 4. None of these alternative is correct • What is the means of the term “heteroskedasticity” 1. The variance of
the error is not constant 2. The variance of the depended variable is not constant 3. The error are not linear independent of one another 4. The error as
non-zero means • In constructing a frequency distribution as the no of class are decreased. The class width 1. Decreased 2. Remain unchanged 3. Increased
4. Can increase or decrease depending upon the data value • A tubular method that can be used to summarize the data on two variable simultaneously is
called 1. Simultaneously equation 2. Cross tabulation 3. Histogram 4. Ogive

• In order to estimate the average time spend on the computer terminals per student at a local university. Data were collected for a sample of 81 business
student over a one week period. Assume the population standard deviation is 1.2 hrs. If the sample mean is 9 hours. Then the 95% confidence interval is 1.
04 to 110.96 hrs 2. 36 to 10.64 3. 80 to 10.20 4. 74 to 9.26
9/11/22, 9:36 PM Business Statistics Question Answer MBA First Semester

Business Statistics Question Answer 2021

By Avanindra Rai - March 28, 2021

Business Statistics MBA Questions and Answers

Which of the following is an assumption of one-way anova comparing sample from three or
exprimental treatments?

Ans-all of the above

____test would be best weather the population means is less than a specified value

Ans- one tail hypothesis

A statement about a population for testing purpose is called___

Ans- hypothesis

___ Is just another team for variance that is used in the analysis of variance

Ans- mean square

In a simple linear regression to determine whether the slope is statistically significant which test
do we use an alternative of t test

Ans- f-test/ none of these

What should be data is assumption for one way anova z-test

Ans- homogeneity of variance/ all of these

Analysis of variance is a statistical method of comparing the ___ of several population

Ans- means

It is known that the variance of a population equal …. A random sample of 121 has been taken
from the population there is a 95 probability that the mean will provide a margin of error of

Ans- 7.84 or Less

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Name the technique used to make comparisons between all pairs of group

Ans- Chisquare

Consider a set of 18 samples from a standard normal distribution we square each sample and sum
all the squares the number of degrees of freedom square distribution will be

Ans- 18

Whenever the population standard deviation is unknown and the population has a normal or near-
normal distribution which distribution is used in developing the interval estimation

Ans- t distribution

ANOM stands for

Ans- analysis of mean

Which of the following distribution is continuous

Ans- F- Distribution

If a null hypothesis is rejected at the 0.025 level significance

Ans- may or may not be rejected at the 0.1 level

For a two tailed test, sample of 20 at 80% confidence t=

Ans- 1.328

Using an a=0.04 a confidence interval for a population proportion is determined to be 0.65 to 0.75
if the level of significance is decreased the interval population proposition

Ans- becomes wider

A sample of 20 items from a population return unknown s is selected in order to develop an

interval estimate of m which of the following is necessary

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Ans- the sample must have a normal distribution

some important assumption must be satisfied by a t test when assumption are related

Ans- all of these

__ is used to measure autocorrelation

Durbin Watson statistic

interval estimation of m or sample size is large

normal distribution

chi square test is extended to compare more than two ___

independent

On which of the following does the critical value for a chi-square static rely.

The degree of freedom

Which parametric test can be used to find the difference in perception about Metro services

We can evaluate the assumption of ———— of the errors by plotting the residuals.

Normality.

in order to estimate average time spend on the computer terminal per student

0.26

8.74 to 9.26 hours

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In a simple linear regression to determine whether the slope is statistically significant which test
do we use as an alternative of t test.

1. none of these

Find Variance for an F-Distribution with v1=5 and v2=9.

1.587

In a two-tail test for the population mean, if the null hypothesis is reject

a correct decision is made

In ________ problem solving approach, you define the business objective as

A Cumulative relative frequency distribution shows

the proportion of data items with values less than or equal to the upper limit of each class.

An alternative to critical value approach is

Z value

what is b0 in regression analysis?

The value of the outcome when the predictor variable is zero.

in Hypothesis testing if the null hypothesis has been rejected when the alternative is true

A correct decision is made

A type 1 error occurs when we ————–

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reject a true null hypothesis

A two-tailed test is performed at 95% confidence. The p-valueis determined to be 0.09. the null

should not be rejected

if you assume that the difference scores are randomly and independently selected

on which of the following does the critical value for a chi-square statistic rely

The degrees of Freedom

We can evaluate the assumption of ——– of the errors by plotting the residuals in the order.

Normality

Some important assumptions must be satisfied by a t-test, which assumptionare related to the
samples collected for testing.

All of these

In determining the sample size necessary to estimate a population proportion ,

the mean of the population

The difference between the lower class limits of adjacent classes provided the

class width

For a one-tailed test (upper tail), a sample size of 18 at 95% confidence, t =

1.74

______ is another term for variance that is used in the analysis of variance.

Mean square

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Parametric statistical test examples are :

T-test

name a non-parametric procedure when only the homogeneity-of-variance

Kruskai-wallis rank test

An interval estimate is a range of values used to estimate

a population parameter

Which of the following is a robust test?

t-test

______ is to express the desired sample as the statistical sum

Inverse method

Which of the following value of chi-square distribution cannot occur?

-2.45

if you assume that difference scores are randomly and independently selected from a

which test will you use if you have a numerical variable and related samples?

paired t-test

The degrees of freedom for the F-test in a one-way ANOVA are

(c-1) and (n – c )

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Children can learn a second language faster before the age of 7. This statement is_____

A one-tailed hypothesis

A statement made about a population for testing purpose is called____

Hypothesis

The following test can be used to determine the type of distribution of any data set.

One sample K-S test

For a one-tailed test (upper tail), a sample size of 26 at 90% confidence, t =

1.316

Poisson distribution is applied for _________

Discrete random variable

for a two tailed test at 86.12% confidence, Z =

1.48

Sum of square errors (SSE) represents:

continous variation

In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the

Null Hypothesis

We can evaluate the assumption of ———- in the error by constructing a histogram.

Normality

In syntax of linear model Im (formula, data,…) data refers to______

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Vector

What assumptions is being made when we use the t-distribution to perform a hypothesis test?

That the underlying population follows an approximately Normal distribution

F distribution properties fall into which of the following?

A.

The mean of the f- distribution is equal to________

v2 / ( v2-2) for v2>2

In a scatter diagram, a line that provides an approx. of the relationship between

trend line

What would be then consequences for the OLS estimator if heteroscedasticity is present

it will be inefficient

If a null hypothesis is rejected at the gency level of significance

may or may not be rejected at the 0.1 level

Hypothesis test concerning a single parameter is;

All of these

A Tabular method that can be used to summarize the data on two variables simultaneously is
called

crosstabulation

an estimate of a population parameter that providesin interval of values believed to contain the
value of the parameters

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Interval estimate

Chi-square is used to analyse:

Frequencies

Data that provide labels or names for categories of like items are known as

Qualitative

whenever using the t distribution in estimation, we must assure that

the population is approximately normal

independent simple random samples are taken to test the difference between

t distribution with 58 degrees of freedom

which of the following statistical tests allows causal inferences to be made?

none of these

For a one-tailed test (upper tail), a sample size of 22 at 95% confidence, t =

-1.717

A 95% confidence interval for a population mean is determined to be 100 to 120.

becomes narrower

which test will you use if you have a numerical variable and

paired t-test

Two-way contingency table displays the following

Comparing the courts of categorical responses between (C)

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The p–value

is a probability

LIN are

Linearity

if we change a 95% confidence interval estimate to a 99% confidence

the size of the confidence interval to increase

for a two-tailed at 98.4% confidence, Z =

2.41

Which of the following is not an assumption for simple linear regression?

Multicollinearity

All financial brokers use some version of which Monte Carlo-based

data driven Black box simulator

If a hypothesis is rejected at 95% confidence, if

will always be rejected at 90% confidence

As the sample size increases, the sampling error

decreases

Which of the following distributions is continuous?

F – Distribution

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We can evaluate the assumption of ______ in the error by constructing a histogram.

Plotting the residual in the order or sequence.

for a one – tailed test (lower tail) at 93.7% confidence, Z=

-1.53

What is the meaning of the term heteroscedasticity.

The Variance of the errors is not constant

_______ test would test whether the population mean is less than a specific value.

both of these

IF in a linear regression model the train error is zero, then

Couldn’t comment on test error

Find the expectation for a F-distribution variable with v1 = 7 and v2 = 8

4/3

F- test is used if certain conditions are met like

Variance of the two populations are known

What proportion of lamps will fail before 925 hours?

0.16

.78. How many lamps will fail before 900 hrs.

A.4560

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How many lamps will fail between 950 and 1000 hrs.

1250

Given the same mean life, what would the standard deviation

100

Which of these are types of simulation models.

both of these

In developing an interval estimate, if the population standard deviation

the sample standard deviation can be used

What should be data anova for one way ANOVA z-test ?

Homogeneity of Variance

As the sample size increases, the sampling error

decreases

if you assume that the difference scores are randomly and independently selected

None of these

when a histogram has a longer tail to the right, it is said to be

skewed to the right

If my null hypothesis is ‘ Dutch people do not differ from English

All of the statement below are plausible alternate hypothesis

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In hypothesis testing if the null hypothesis is rejected

the alternative hypothesis is true

In a two-tailed hypothesis test the test statistic is determined to be -2.5. the p-value for this tets

0.0124

A probability statement about the sampling error is known as the

Precision

A frequency distribution is

a tabular summary of a set of data showing the frequency of items in each of several

a pooled variance t test to used to determine whether there is a significant difference between
means

in anova with 4 groups and a total sample size of 44 Greater than 0.05

in a sample of 500 voters, 400 indicated they favour the incumbent governor.The 95% confidence
interval of voters not favouring the incumbent is ​0.165 to 0.235

A problem-solving approach, you define te business objective as determining whether there is a

difference in the mean

1. Arlingtons scenario
2. Dcova
3. Pool variance T test
4. None of these

For a one-tailed test ( lower tail) at 89.8% confidence , Z=

1. -1.27
2. -1.53
3. -1.96
4. -1.64

The confidence associated with an interval estimated is called the

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1. Significance
2. Degree of association

Confidence level

1. Precision

Following is a two way , between – subjects anova a simple effect would involve

1. Conduction one contrast

2. Conducting a one way within-subjects anova
3. Ignoring the existence of one IV and comparing the levels of other IV
4. Taking only one level of one IV at a time and comparing the levels of other IV

We can evaluate the assumptions of ___ of the error by piloting the residual(52)

1. Independence
2. Normality
3. Equal Variance
4. None of these

Which of the following is an assumption of one way anova comparing the samples from
three(56)

1. the sample associated with each population

2. the response variable within each of the K Population
3. all the response variables within the
4. All of above

If a hypothesis test leads to rejection of the null hypothesis(60)

1. A type II error must have been committed

2. A type II error may have been committed
3. A type I error must have been committed
4. A type I error may have been committed

In order to use the normal distribution for interval estimation of m when s is known, the
population(59)

1. Must be very large

2. Must have a normal distribution
3. Can have any distribution
4. None of the above

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In a one tailed hypothesis test ( Lower tail ) the test statistic is determined to be -2. The P
value for the test is(64)

1. 4772
2. 0228
3. 0056
4. 0228

We are interested in conducting a study in order to determine what percentage of voters of a

state(62)

1. 200
2. 100
3. 58
4. 196

Chi square test statistic is equal to the square difference between the ___ and ___
frequency(65)

1. Observed
2. Expected
3. Both of these
4. None of these

a situation in which conclusion is based upon aggregate cross tabulation the different from un-
aggregated cross tabulation is

1. Wrong cross tabulation

2. Simpson Rule
3. Simpson paradox
4. Aggregated cross tabulation

In constructing a frequency distribution the approximately class width is computed as

1. (Largest data value-smallest data value)/ no of class

2. (Largest data value-smallest data value)/ sample size
3. (smallest data value-Largest data valve/ sample size
4. Largest data value X no, of classes

Which of these are types of situation models

1. Continuous models
2. Discrete models
3. Both of these
4. None of these

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When a data value in one sample is matched with a corresponding data value in another
sample.

the sample are known is

1. Corresponding samples
2. Matched samples
3. Independent samples
4. None of these alternative is correct

In constructing a frequency distribution as the no of class are decreased. The class width

1. Decreased
2. Remain unchanged
3. Increased
4. Can increase or decrease depending upon the data value

Independence simples random samples are taken to test the difference between the means of
two population those standard deviation are not known. The sample size are n1=25 and
n2=35. The correct distribution to use is the

1. Poisson distribution
2. T distribution with 60 degree of freedom
3. T distribution with 59 degree of freedom
4. T distribution with 58 degree of freedom

A frequency distribution is

1. Tabular summary of a set of data showing the relative frequency

2. A graphical form of representing data
3. A tabular summary of a set of data showing the frequency of item in each of several
non overlapping classes
4. A graphical device for presenting qualitative data

When the level of confidence increase, the confidence interval

1. Stays the same

2. Become wider
3. Become narrower
4. Cannot tell from the information given

In General , Higher confidence level provide

1. Wider confidence interval

2. Narrower confidence interval
3. Smaller standard error
4. Unbiased estimate

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Suppose that we reject a null hypothesis at the 5% level of significance. For which of the
following level of significance do we also reject the null hypothesis

1. 0.025
2. 0.06
3. 0.02
4. 0.04

If a Hypothesis is rejected at the 5% level of significance, it

may be rejected or not rejected at the 1% level

The p-Value

is a probability

The Null Hypothesis uses ——— and the alternative hypothesis never uses an

equal sign

After computing a confidence interval, the user believes the results are meaningless because the
width

Increase the sample size

Independence means ——— between the variables under study

No relationship

The Chi-square test is extended to compare more than two ___________ population.

independent

The sum of relative frequencies for all classes will always equal

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one

For which regression assumptions does Durbin – Watson

Independence of errors

In a one –way ANOVA

an interaction effect can be tested

IF the Null hypothesis is false

Alternative Hypothesis

We can evaluate the assumption of ——— in the error by constructing a histogram.

Independence

The level of Significance

is (1 – confidence level)

Which of the following best describes the form of sampling distribution of the sample proportion?

It is approximately normal as long as np>= 5 and n(1-p) >= 5.

Fifteen present of the students in a school of business administration are majoring in Economics,
20% in finance, 35% in management, & 30% in accounts.

Both a bar graph and a pie chart

REGRESSION ANALYSIS techniques help uncover relationship between variables

for a one-tailed test upper tail a sample size of 18 at 95% confidence,t=1.740

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a pooled variance t test to used to determine whether there is asignificant difference between
means

inanova with 4 groups and a total sample size of 44Greater than 0.05

parametric statistical test examplesT test

In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the:
A. null hypothesis

Children can learn a second language faster before the age of 7’. Is this statement:A one-tailed
hypothesis

one tail hypothesis testwould test whether the population is less than specific value

in a sample of 500 voters, 400 indicated they favour the incumbent governor.The 95% confidence
interval of voters not favouring the incumbent is ​0.165 to 0.235

1. Which of the following is a discrete quantitative (numerical) variable?

The Dow Jones Industrial average

The volume of water released from a dam
The distance you drove yesterday
The number of employees of an insurance company <<

1. Which of the following is a continuous quantitative (numerical) variable?

The color of a student’s eyes

The number of employees of an insurance company
The amount of milk in a 2-liter carton <<
The number of gallons of milk sold at the local grocery store yesterday

1. To monitor campus security, the campus police office is taking a survey of the number of
students in a parking lot each 30 minutes of a 24-hour period with the goal of determining
when patrols of the lot would serve the most students. If X is the number of students in the lot
each period of time, then X is an example of a.

categorical variable
discrete variable <<
continuous variable
statistic

1. Researchers are concerned that the weight of the average American school child is increasing
implying, among other things, that children’s clothing should be manufactured and marketed in
larger sizes. If X is the weight of school children sampled in a nationwide study, then X is an
example of

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categorical variable
discrete variable
continuous variable <<
a table of random numbers

The classification of student class designation (freshman, sophomore, junior, senior) is an example
of

a categorical variable <<

a discrete variable
a continuous variable
a table of random numbers

1. The classification of student major (accounting, economics, management, marketing, other) is

an example of

a categorical variable <<

a discrete variable
a continuous variable
va table of random numbers

1. The chancellor of a major university was concerned about alcohol abuse on her campus and
wanted to find out the proportion of students at her university who visited campus bars on the
weekend before the final exam week. Her assistant took a random sample of 250 students. The
answer on “whether you visited campus bars on the weekend before the final exam week” from
students in the sample is an example of ___________

1. a categorical variable <<

2. a discrete variable
3. a continuous variable
4. a table of random numbers

1. Referring to Scenario 1-1, the possible responses to the question “How many Blu-ray players
made by other manufacturers have you used?” are values from

a a. discrete variable <<

1. continuous variable
2. categorical variable
3. table of random numbers

1. Referring to Scenario 1-1, the possible responses to the question “Are you happy, indifferent, or
unhappy with the performance per dollar spent on the Blu-ray player?” are values from

a a. discrete numerical variable

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1. continuous numerical variable

2. c. categorical variable <<
3. table of random numbers

1. Referring to Scenario 1-1, the possible responses to the question “What is your annual income
rounded to the nearest thousands?” are values from

a a. discrete numerical variable <<

1. continuous numerical variable

2. categorical variable
3. table of random numbers

1. A type of vertical bar chart in which the categories are plotted in the descending rank order of
the magnitude of their frequencies is called

a a. contingency table

1. Pareto chart <<

2. stem-and-leaf display
3. pie chart

1. The width of each bar in a histogram corresponds to the

1. differences between the boundaries of the class <<

2. number of observations in each class
3. midpoint of each class
4. percentage of observations in each class

1. When constructing charts, the following is plotted at the class midpoints:

1. frequency histograms
2. percentage polygons <<
3. cumulative percentage polygon (ogives)
4. All of the above

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1. Which of the following is appropriate for displaying data collected on the different brands of
cars students at a major university drive?

1. A Pareto chart <<

2. A two-way classification table
3. A histogram
4. A scatter plot

1. One of the developing countries is experiencing a baby boom, with the number of births rising
for the fifth year in a row, according to a BBC News report. Which of the following is best for
displaying this data?

1. A Pareto chart
2. A two-way classification table
3. A histogram
4. A time-series plot <<

1. When studying the simultaneous responses to two categorical questions, you should set up a

1. contingency table <<

2. frequency distribution table
3. cumulative percentage distribution tabled
4. histogram

1. Data on 1,500 students’ height were collected at a larger university in the East Coast. Which of
the following is the best chart for presenting the information?

1. A pie chart
2. A Pareto chart
3. A side-by-side bar chart
4. A histogram <<

1. Data on the number of part-time hours students at a public university worked in a week were
collected. Which of the following is the best chart for presenting the information?

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1. A pie chart
2. A Pareto chart
3. A percentage table
4. A percentage polygon <<

1. Data on the number of credit hours of 20,000 students at a public university enrolled in a
Spring semester were collected. Which of the following is the best for presenting the
information?

1. A pie chart
2. A Pareto chart
3. A stem-and-leaf display <<
4. A contingency table

1. A survey of 150 executives were asked what they think is the most common mistake
candidates make during job interviews. Six different mistakes were given. Which of the
following is the best for presenting the information?

1. A bar chart <<

2. A histogram
3. A stem-and-leaf display
4. A contingency table

11.Technique help uncover relationship between variable

I) Regression analysis <<

II) ANOVA
III) Hypothesis
IV) None of these

1. Which of the following statistics is not a measure of central tendency?

2. Arithmetic mean b. Median
3. Mode d. Q3

1. Which measure of central tendency can be used for both numerical and categorical variables?
2. Arithmetic mean b. Median
3. Mode d. Geometric mean

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1. Which of the arithmetic mean, median, mode, and geometric mean are resistant measures of
central tendency?
2. The arithmetic mean and median only
3. The median and mode only
4. The mode and geometric mean only
5. The arithmetic mean and mode only

1. In a right-skewed distribution
2. the median equals the arithmetic mean
3. the median is less than the arithmetic mean
4. the median is greater than the arithmetic mean
5. none of the above

1. Which of the following statements about the median is not true?

2. It is more affected by extreme values than the arithmetic mean
3. It is a measure of central tendency
4. It is equal to Q2
5. It is equal to the mode in bell-shaped “normal” distributions

1. In a perfectly symmetrical bell-shaped “normal” distribution

2. the arithmetic mean equals the median
3. the median equals the mode
4. the arithmetic mean equals the mode
5. All the above

1. In a perfectly symmetrical distribution

2. the range equals the interquartile range
3. the interquartile range equals the arithmetic mean
4. the median equals the arithmetic mean
5. the variance equals the estird deviation

1. When extreme values are present in a set of data, which of the following descriptive summary
measures are most appropriate
2. CV and range
3. arithmetic mean and standard deviation
4. interquartile range and median
5. variance and interquartile range

1. In general, which of the following descriptive summary measures cannot be easily

approximated from a boxplot?
2. The variance b. The range
3. The interquartile range d. The median

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1. The smaller the spread of scores around the arithmetic mean

2. the smaller the interquartile range
3. the smaller the standard deviation
4. the smaller the coefficient of variation
5. All the above

1. If two events are collectively exhaustive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are collectively exhaustive, what is the probability that both occur at the same
time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive and collectively exhaustive, what is the probability that
both occur?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive and collectively exhaustive, what is the probability that
one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs?
2. 0 .b. 0.50
3. 1.00 d. Cannot be determined from the information given

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1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is
the probability that event

A occurs?

1. 0 b. 0.50
2. 1.00 d. Cannot be determined from the information given

1. If two equally likely events A and B are mutually exclusive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two equally likely events A and B are collectively exhaustive, what is the probability that
event A occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio-
Pulmonary Resuscitation (CPR). In 180 days of school, about how many days can we expect
that the teacher on bus duty will likely be certified in CPR?
2. 5 days b. 45 days
3. 65 days d. 81 days

1. A campus program evenly enrolls undergraduate and graduate students. If a random sample of
4 students is selected from the program to be interviewed about the introduction of a new fast
food outlet on the ground floor of the campus building, what is the probability that all 4
students selected are undergraduate students?
2. 0.0256 b. 0.0625
3. 0.16 d. 1.00

1. A probability distribution is an equation that

2. associates a particular probability of occurrence with each outcome
3. measures outcomes and assigns values of X to the simple events
4. assigns a value to the variability of the set of events
5. assigns a value to the center of the set of events

1. The connotation “expected value” or “expected gain” from playing roulette at a casino means
2. the amount you expect to “gain” on a single play
3. the amount you expect to “gain” in the long run over many plays
4. the amount you need to “break even” over many plays
5. the amount you should expect to gain if you are lucky

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1. A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab
conducts. Suppose the mean cost of rats used in lab experiments turned out to be $13.00 per
week. Interpret this value
2. Most of the weeks resulted in rat costs of $13.00
3. The median cost for the distribution of rat costs is $13.00
4. The expected or mean cost for all weekly rat purchases is $13.00
5. The rat cost that occurs more often than any other is $13.00

1. True or False: Another name for the mean of a probability distribution is its expected value

True

1. Which of the following about the binomial distribution is not a true statement?
2. The probability of the event of interest must be constant from trial to trial
3. Each outcome is independent of the other
4. Each outcome may be classified as either “event of interest” or “not event of interest”
5. The variable of interest is continuous

1. In a binomial distribution
2. the variable X is continuous
3. the probability of event of interest is stable from trial to trial
4. the number of trials n must be at least 30
5. the results of one trial are dependent on the results of the other trials

1. Whenever π = 0.5, the binomial distribution will

2. always be symmetric
3. be symmetric only if n is large
4. be right-skewed
5. be left-skewed

1. Whenever π = 0.1 and n is small, the binomial distribution will be

2. symmetric
3. right-skewed
4. left-skewed
5. None of the above

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1. In its standardized form, the normal distribution

2. has a mean of 0 and a standard deviation of 1.
3. has a mean of 1 and a variance of 0.
4. has an area equal to 0.5.
5. cannot be used to approximate discrete probability distributions.

1. Which of the following about the normal distribution is not true?

2. Theoretically, the mean, median, and mode are the same.
3. About 2/3 of the observations fall within } 1 standard deviation from the mean.
4. It is a discrete probability distribution.
5. Its parameters are the mean, μ, and standard deviation, σ.

1. If a particular set of data is approximately normally distributed, we would find that

approximately
2. 2 of every 3 observations would fall between } 1 standard deviation around the mean.
3. 4 of every 5 observations would fall between } 1.28 standard deviations around the mean.
4. 19 of every 20 observations would fall between } 2 standard deviations around the mean.
5. All the above.

1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is:
2. 0.18 b. 0.81
3. 1.16 d. 1.47

1. For some value of Z, the value of the cumulative standardized normal distribution is 0.2090.
The value of Z is:
2. – 0.81 b. – 0.31
3. 0.31 d. 1.96

1. For some value of Z, the value of the cumulative standardized normal distribution is 0.8340.
The value of Z is:
2. 0.07 b. 0.37
3. 0.97 d. 1.06

1. The value of the cumulative standardized normal distribution at Z is 0.6255. The value of Z is:
2. 0.99 b. 0.40
3. c. 0.32 0.16

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1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X
is:
2. 0.10 b. 0.50
3. 1.00 d. 1.50

1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of
1 minute, find the probability that a randomly selected college student will find a parking spot
in the library parking lot in less than 3 minutes.
2. 0.3551 b. 0.3085
3. 0.2674 d. 0.1915

1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of
1 minute, find the probability that a randomly selected college student will take between 2 and
4.5 minutes to find a parking spot in the library parking lot.
2. 0.0919 b. 0.2255
3. 0.4938 d. 0.7745

1. In its standardized form, the normal distribution

2. has a mean of 0 and a standard deviation of 1.
3. has a mean of 1 and a variance of 0.
4. has an area equal to 0.5.
5. cannot be used to approximate discrete probability distributions.

1. Which of the following about the normal distribution is not true?

2. Theoretically, the mean, median, and mode are the same.
3. About 2/3 of the observations fall within } 1 standard deviation from the mean.
4. It is a discrete probability distribution.
5. Its parameters are the mean, μ, and standard deviation, σ.

1. If a particular set of data is approximately normally distributed, we would find that

approximately
2. 2 of every 3 observations would fall between } 1 standard deviation around the mean.
3. 4 of every 5 observations would fall between } 1.28 standard deviations around the mean.
4. 19 of every 20 observations would fall between } 2 standard deviations around the mean.
5. All the above.

1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is:
2. 0.18 b. 0.81
3. 1.16 d. 1.47

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1. For some value of Z, the value of the cumulative standardized normal distribution is 0.2090.
The value of Z is:
2. – 0.81 b. – 0.31
3. 0.31 d. 1.96

1. For some value of Z, the value of the cumulative standardized normal distribution is 0.8340.
The value of Z is:
2. 0.07 b. 0.37
3. 0.97 d. 1.06

1. The value of the cumulative standardized normal distribution at Z is 0.6255. The value of Z is:
2. 0.99 b. 0.40
3. 0.32 d. 0.16

1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X
is:
2. 0.10 b. 0.50
3. 1.00 d. 1.50

1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of
1 minute, find the probability that a randomly selected college student will find a parking spot
in the library parking lot in less than 3 minutes.
2. 0.3551 b. 0.3085
3. 0.2674 d. 0.1915

1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of
1 minute, find the probability that a randomly selected college student will take between 2 and
4.5 minutes to find a parking spot in the library parking lot.
2. 0.0919 b. 0.2255
3. 0.4938 d. 0.7745

1. Sampling distributions describe the distribution of

2. parameters b. statistics
3. both parameters and statistics d. neither parameters nor statistics

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1. The standard error of the mean

2. is never larger than the standard deviation of the population
3. decreases as the sample size increases
4. measures the variability of the mean from sample to sample
5. All of the above

1. The Central Limit Theorem is important in statistics because

2. for a large n, it says the population is approximately normal
3. for any population, it says the sampling distribution of the sample mean is approximately
normal, regardless of the samplesize
4. for a large n, it says the sampling distribution of the sample mean is approximately
normal, regardless of the shape of the population
5. for any sized sample, it says the sampling distribution of the sample mean is approximately
normal

1. If the expected value of a sample statistic is equal to the parameter it is estimating, then we
call that sample statistic
2. unbiased b. minimum variance
3. biased d. random

1. For air travelers, one of the biggest complaints is of the waiting time between when the
airplane taxis away from the terminal until the flight takes off. This waiting time is known to
have a right skewed distribution with a mean of 10 minutes and a standard deviation of 8
minutes. Suppose 100 flights have been randomly sampled. Describe the sampling distribution
of the mean waiting time between when the airplane taxis away from the terminal until the
flight takes off for these 100 flights.
2. Distribution is right skewed with mean = 10 minutes and standard error = 0.8 minutes
3. Distribution is right skewed with mean = 10 minutes and standard error = 8 minutes
4. Distribution is approximately normal with mean = 10 minutes and standard error =
0.8 minutes
5. Distribution is approximately normal with mean = 10 minutes and standard error = 8 minutes

1. Which of the following statements about the sampling distribution of the sample mean is

incorrect?

1. The sampling distribution of the sample mean is approximately normal whenever the sample
size is sufficiently large (n >30).
2. The sampling distribution of the sample mean is generated by repeatedly taking samples of size
n and computing the sample means.
3. The mean of the sampling distribution of the sample mean is equal to.
4. The standard deviation of the sampling distribution of the sample mean is equal to.

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1. Which of the following is true about the sampling distribution of the sample mean?
2. The mean of the sampling distribution is always.
3. The standard deviation of the sampling distribution is always.
4. The shape of the sampling distribution is always approximately normal.
5. All of the above are true.

1. True or False: The amount of time it takes to complete an examination has a left skewed
distribution with a mean of 65 minutes and a standard deviation of 8 minutes. If 64 students
were randomly sampled, the probability that the sample mean of the sampled students exceeds
71 minutes is approximately 0.

True

1. Suppose the ages of students in Statistics 101 follow a right skewed distribution with a mean of
23 years and a standard deviation of 3 years. If we randomly sampled 100 students, which of
the following statements about the sampling distribution of the sample mean age is incorrect?
2. The mean of the sampling distribution is equal to 23 years.
3. The standard deviation of the sampling distribution is equal to 3 years.
4. The shape of the sampling distribution is approximately normal.
5. The standard error of the sampling distribution is equal to 0.3 years.

1. Why is the Central Limit Theorem so important to the study of sampling distributions?
2. It allows us to disregard the size of the sample selected when the population is not normal.
3. It allows us to disregard the shape of the sampling distribution when the size of the population
is large.
4. It allows us to disregard the size of the population we are sampling from.
5. d. It allows us to disregard the shape of the population when n is large.

1.Which of the following would be an appropriate null hypothesis?

1. The mean of a population is equal to 55

2. The mean of a sample is equal to 55
3. The mean of a population is greater than 55
4. Only (a. and (c. are appropriate

1. Which of the following would be an appropriate null hypothesis?

2. The population proportion is less than 0.65
3. The sample proportion is less than 0.65
4. The population proportion is not less than 0.65
5. The sample proportion is no less than 0.65

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1. Which of the following would be an appropriate alternative hypothesis?

2. The mean of a population is equal to 55
3. The mean of a sample is equal to 55
4. The mean of a population is greater than 55
5. The mean of a sample is greater than 55

1. Which of the following would be an appropriate alternative hypothesis?

2. The population proportion is less than 0.65
3. The sample proportion is less than 0.65
4. The population proportion is not less than 0.65
5. The sample proportion is not less than 0.65

1. A Type II error is committed when

2. you reject a null hypothesis that is true
3. you don’t reject a null hypothesis that is true
4. you reject a null hypothesis that is false
5. you don’t reject a null hypothesis that is false

1. A Type I error is committed when

2. you reject a null hypothesis that is true
3. you don’t reject a null hypothesis that is true
4. you reject a null hypothesis that is false
5. you don’t reject a null hypothesis that is false

1. The power of a test is measured by its capability of

2. rejecting a null hypothesis that is true
3. not rejecting a null hypothesis that is true
4. rejecting a null hypothesis that is false
5. not rejecting a null hypothesis that is false

1. If an economist wishes to determine whether there is evidence that mean family income in a
community exceeds $50,000
2. either a one-tail or two-tail test could be used with equivalent results
3. a one-tail test should be utilized
4. a two-tail test should be utilized
5. None of the above

1. If an economist wishes to determine whether there is evidence that mean family income in a
community equals $50,000
2. either a one-tail or two-tail test could be used with equivalent results
3. a one-tail test should be utilized
4. a two-tail test should be utilized
5. None of the above

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1. If the p-value is less than in a two-tail test,

2. the null hypothesis should not be rejected
3. the null hypothesis should be rejected
4. a one-tail test should be used
5. no conclusion should be reached

1. True or False: For all two-sample tests, the sample sizes must be equal in the two groups.

1. True or False: When the sample sizes are equal, the pooled variance of the two groups is the
average of the 2 sample variances.

1. The t test for the difference between the means of 2 independent populations assumes that the
respective
2. sample sizes are equal
3. sample variances are equal
4. populations are approximately normal
5. All of the above

1. If we are testing for the difference between the means of 2 independent populations presuming
equal variances with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is
equal to
2. 39 b.
3. If two events are collectively exhaustive, what is the probability that one or the other occurs?
4. 0 b. 0.50
5. 1.00 d. Cannot be determined from the information given

1. If two events are collectively exhaustive, what is the probability that both occur at the same
time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

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1. If two events are mutually exclusive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive and collectively exhaustive, what is the probability that
both occur?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two events are mutually exclusive and collectively exhaustive, what is the probability that
one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs?
2. 0 .b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is
the probability that event

A occurs?

1. 0 b. 0.50
2. 1.00 d. Cannot be determined from the information given

1. If two equally likely events A and B are mutually exclusive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

1. If two equally likely events A and B are collectively exhaustive, what is the probability that
event A occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given

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9/11/22, 9:36 PM Business Statistics Question Answer MBA First Semester

1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio-
Pulmonary Resuscitation (CPR). In 180 days of school, about how many days can we expect
that the teacher on bus duty will likely be certified in CPR?
2. 5 days b. 45 days
3. 65 days d. 81 days

1. In testing for the differences between the means of 2 independent populations where the
variances in each population are unknown but assumed equal, the degrees of freedom are
2. n – 1
3. n1 + n2 – 1
4. n1 + n2 – 2
5. n – 2

1. Given the following information, calculate sp2, the pooled sample variance that should be used
in the pooled-variance t test.

s12 = 4 s22 = 6

n1 = 16 n2 = 25

1. sp2 = 6.00
2. sp2 = 5.00
3. sp2 = 5.23
4. sp2 = 4.00

1. True or False:The sample size in each independent sample must be the same if we are to test
for differences between the means of two independent populations.

1. True or False:When you test for differences between the means of two independent
populations, you can only use a two tail test.

1. True or False: A statistics professor wanted to test whether the grades on a statistics test were
the same for upper and lower classmen. The professor took a random sample of size 10 from
each, conducted a test and found out that the variances were equal. For this situation, the
professor should use a t test with related samples.

1. True or False: A statistics professor wanted to test whether the grades on a statistics test were
the same for upper and lower classmen. The professor took a random sample of size 10 from
each, conducted a test and found out that the variances were equal. For this situation, the
professor should use a t test with independent samples.

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1. In a one-way ANOVA, if the computed F statistic is greater than the critical F value you may
2. reject H0 since there is evidence all the means differ
3. reject H0 since there is evidence that not all the means are different
4. not reject H0 since there is no evidence of a difference in the means
5. not reject H0 because a mistake has been made

1. Which of the following components in an ANOVA table are not additive?

2. Sum of squares
3. Degrees of freedom
4. Mean squares
5. It is not possible to tell

1. When would you use the Tukey-Kramer procedure?

2. To test for normality
3. To test for homogeneity of variance
4. To test independence of errors
5. To test for differences in pairs of means

1. A completely randomized design

2. has only one factor with several treatment groups
3. can have more than one factor, each with several treatment groups
4. has one factor and one block
5. has one factor and one block and multiple values

1. The F test statistic in a one-way ANOVA is

2. MSW/MSA
3. SSW/SSA
4. MSA/MSW
5. SSA/SSW

1. The degrees of freedom for the F test in a one-way ANOVA are

2. (n – c) and (c – 1)
3. (c – 1) and (n – c )
4. (c – n) and (n – 1)
5. (n – 1) and (c – n)

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1. In a one-way ANOVA, the null hypothesis is always

2. there is no difference in the population means
3. there is some treatment effect
4. all the population means are different
5. some of the population means are different

1. In a one-way ANOVA
2. an interaction term is present
3. an interaction effect can be tested
4. there is no interaction term
5. the interaction term has (c – 1)(n – 1) degrees of freedom

1. True or False: The analysis of variance (ANOVA) tests hypotheses about the population
variance

1. True or False: When the F test is used for ANOVA, the rejection region is always in the right tail

1. If we use the x2 method of analysis to test for the differences among 4 proportions, the
degrees of freedom are equal to:
2. 3 b. 4
3. 5 d. 1

1. If we wish to determine whether there is evidence that the proportion of items of interest is the
same in group 1 as in group

2, the appropriate test to use is

1. the Z test b. the x2 test

2. Both a) and b) d. Neither of a) nor b)

1. In testing a hypothesis using the x2 test, the theoretical frequencies are based on the
2. null hypothesis
3. alternative hypothesis
4. normal distribution
5. None of the above

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1. True or False: In testing the difference between two proportions using the normal distribution,
we may use either a one-tail Chi-square test or two-tail Z test.

1. True or False: The squared difference between the observed and theoretical frequencies should
be large if there is no significant difference between the proportions.

1. True or False: A test for the difference between two proportions can be performed using the
chi- square distribution.

1. True or False: A test for whether one proportion is higher than the other can be performed
using the chi-square distribution.

1. When testing for independence in a contingency table with 3 rows and 4 columns, there are
degrees of freedom.
2. 5 b. 6
3. 7 d. 12

1. To use the Wilcoxon Rank Sum Test as a test for location, you must assume that
2. the obtained data are either ranks or numerical measurements that will be converted to
combined ranks
3. both samples are randomly and independently drawn from their respective populations
4. both underlying populations from which the samples were drawn are equivalent in shape and
dispersion
5. All the above

1. Which of the following is a “robust” test procedure against the violation of distribution
assumptions?
2. x2 -test of independence
3. McNemar test for the difference between two proportions
4. x2 -test for the differences among more than two proportions
5. Wilcoxon rank sum test for difference in medians

The Y-intercept (b0) represents the

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1. predicted value of Y when X = 0

2. change in estimated Y per unit change in X
3. predicted value of Y
4. variation around the sample regression line

1. The Y-intercept (b0) represents the

2. estimated average Y when X = 0
3. change in estimated average Y per unit change in X
4. predicted value of Y
5. variation around the sample regression line
6. The slope (b1) represents
7. predicted value of Y when X = 0
8. the estimated average change in Y per unit change in X
9. the predicted value of Y
10. variation around the line of regression

1. The least squares method minimizes which of the following?

2. SSR
3. SSE
4. SST
5. All of the above

1. True or False: The Chancellor of a university has commissioned a team to collect data on
students’ GPAs and the amount of time they spend bar hopping every week (measured in
minutes). He wants to know if imposing much tougher regulations on all campus bars to make
it more difficult for students to spend time in any campus bar will have a significant impact on
general students’ GPAs. His team should use a t test on the slope of the population regression.

1. The residual represents the discrepancy between the observed dependent variable and
its__predicted or estimated mean_____value.

1. If the Durbin-Watson statistic has a value close to 0, which assumption is violated?

2. Normality of the errors
3. Independence of errors
4. Homoscedasticity
5. None of the above

1. If the Durbin-Watson statistic has a value close to 4, which assumption is violated?

2. Normality of the errors
3. Independence of errors
4. Homoscedasticity
5. None of the above

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1. The standard error of the estimate is a measure of

2. total variation of the Y variable
3. the variation around the sample regression line
4. explained variation
5. the variation of the X variable

1. The coefficient of determination (r2) tells you

2. that the coefficient of correlation (r) is larger than 1
3. whether r has any significance
4. that you should not partition the total variation
5. the proportion of total variation that is explained

1. While assigning random numbers in Monte Carlo simulation, it is?

2. Necessary to assign the particular appropriate random numbers
3. Necessary to develop a cumulative probability distribution
4. To ensure all the points in square are equally probable
5. Not necessary to assign the exact range of random number

1. As simulation is not an analytical model, therefore the result of simulation must be viewed as?
2. Unrealistic
3. Exact
4. Approximation
5. Simplified

1. The two types of simulation are?

2. Continuous model and discrete model
3. Variable and non variable model
4. Average and service facility model
5. Behaviour and waiting lines model

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1. Biased random sampling is made from among alternatives which have?

2. Equal probability
3. Unequal probability
4. Probability which do not sum to 1
5. Probability which sum to 1

1. Randomness in simulation arises when the interval between successive events is?
2. Probabilistic
3. Invariable
4. Exponential
5. Convolution

1. Which of the following is not a sampling from probability distributions?

2. Inverse method
3. Simplex method
4. Convolution method
5. Rejection method

1. Simulation is defined as?

2. Requires programme writing
3. Difficult to create the appropriate events
4. A procedure for testing & experimenting on models
5. Adequate level of user participation

1. Stimulation is a statistical experiment and it should satisfy which of the below condition?
2. Observations are independent
3. Requires predefined coding forms
4. Sampled to be drawn
5. Distributions to be observed

1. Which of the below is the most common methods of collecting observations in simulation?
2. Subinterval method
3. Interval method
4. Independent method
5. Non replication method

1. The important step required for simulation approach in solving a problem is to?
2. Test & validate and design the model
3. Appropriate level of detail
4. Decision making
5. Simulating

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1. Index numbers are used to

2. Compare the phenomenon from one time period to another time period
3. Identify the ratio between two time periods
4. Find the average between two time periods
5. None of the above

1. Index number for period i =

2. i = (value in period i / value in base period)
3. i = (value in base period / value in period) × (value in period i / value in base period)
4. i = (value in period i / value in base period) × 100
5. i = (value in base period / value in period) × 100

1. An index number is called a simple index when it is computed from?

2. Single variable b. Multiple variables
3. Bi-variable d. Non variable

1. Unweighted aggregate price index numbers and weighted aggregate price index numbers are
the two caterogeries of?
2. Index number
3. Price index number
4. Laypeyre’s index number
5. Paasche’s index number

1. Index numbers are used for?

2. Forecasting b. Fixed price
3. Different price d. Constant price

1. Index for base period is always taken as?

2. 200 b. 10
3. 100 d. 1

1. How many types are used for the calculation of weighted aggregate price index numbers?
2. 7 b. 4
3. 5 d. 6

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1. What is the formula used in Laspeyres’s Price Index Number?

2. i = (Σp1q0 / Σp0q0) × 100
3. i = (Σp1q1 / Σp0q1) × 100
4. i = (Σp1q1 / Σp0q0) × 100
5. i = (Σp1q0 / Σp1q1) × 100

1. Which of the below index number is the arithmetic mean of Laspeyres’s price index and
Paasche’s price index?
2. Marshall–Edgeworth Price Index Number
3. Dorbish–Bowley Price Index Number
4. Bowley Price Index Number
5. Walsch Price Index Number

1. The most commonly used index number is?

2. Simple index number
3. Volume index number
4. Value index number
5. Price index number

In testing a hypothesis using the chi square test, the theoretical frequencies are based on the

1. Null hypothesis
2. Alternate hypothesis

Normal Distribution

1. None of these

The confidence associated with an interval estimated is called the

1. Significance
2. Degree of association

Confidence level

Precision

Which test will you use if you have a numerical variable and related sample(55)

1. Paired T test
2. Z-test

F-test

1. All of these

Which of the following is an assumption of one way anova comparing the samples from
three(56)

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1. the sample associated with each population

2. the response variable within each of the K Population

all the response variables within the

1. All of above

Which of the following values of the chi-sqaure distribution cannot occur?(57)

1. 61
2. -2.45

1. 100

In a two tail test for the population mean , if the null hypothesis is rejected when the alternate
is true

1. A one tailed test should be used instead of two tail test(58)

2. Type I error is committed

A type II error is committed

1. A correct decision is made

Test would test whether the population is less than specific value(54)

1. One tailed hypothesis

2. Two tail hypothesis

Both of these

1. None of these

If a hypothesis test leads to rejection of the null hypothesis(60)

1. A type II error must have been committed

2. A type II error may have been committed

A type I error must have been committed

1. A type I error may have been committed

In order to use the normal distribution for interval estimation of m when s is known, the
population(59)

1. Must be very large

2. Must have a normal distribution

Can have any distribution

1. None of the above

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A tailed test is performed at 95% confidence. The P value is determined to be 0.09. the null
hypothesis(61)

1. Must be rejected
2. Should not be rejected
3. Could be rejected depending on the sample size
4. Has been designed incorrectly

What is B0 in Regression analysis(66)

1. The value of the outcome when all of the predictors are zero
2. The relationship between a predictor and the outcome variable
3. The value of the outcome when the predictor variable is zero
4. The gradient of the regression line

We can evaluate the assumption of ___ in the errors by constructing a histogram(63)

1. Normalities
2. Independence
3. Plotting the residuals in the order or sequence in which the data were collected
4. None of these

Chi square test statistic is equal to the square difference between the ___ and ___
frequency(65)

1. Observed
2. Expected
3. Both of these
4. None of these

Estimate of a population parameter that provide in interval of values believed to contain the
value of the parameters

1. Confidence level
2. Interval estimate
3. Parameter value

4. Population estimate

a situation in which conclusion is based upon aggregate cross tabulation the different from un-
aggregated cross tabulation is

1. Wrong cross tabulation

2. Simpson Rule
3. Simpson paradox
4. Aggregated cross tabulation

In syntax of linear model IM ( formula, data ) data refer to ___

1. Matrix
2. Vector
3. Array
4. List

When a histogram has a longer tail to the right. It is said to be

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1. Symmetrical
2. Skewed to the left
3. Skewed to the right
4. None of these alternate is correct

In constructing a frequency distribution the approximately class width is computed as

1. (Largest data value-smallest data value)/ no of class

2. (Largest data value-smallest data value)/ sample size
3. (smallest data value-Largest data valve/ sample size
4. Largest data value X no, of classes

When a data value in one sample is matched with a corresponding data value in another
sample. the sample are known is

1. Corresponding samples
2. Matched samples
3. Independent samples
4. None of these alternative is correct

What is the means of the term “heteroskedasticity”

1. The variance of the error is not constant

2. The variance of the depended variable is not constant
3. The error are not linear independent of one another
4. The error as non-zero means

In constructing a frequency distribution as the no of class are decreased. The class width

1. Decreased
2. Remain unchanged
3. Increased

4. Can increase or decrease depending upon the data value

A tubular method that can be used to summarize the data on two variable simultaneously is
called

1. Simultaneously equation
2. Cross tabulation
3. Histogram
4. Ogive

In order to estimate the average time spend on the computer terminals per student at a local
university. Data were collected for a sample of 81 business student over a one week period.
Assume the population standard deviation is 1.2 hrs. If the sample mean is 9 hours. Then the
95% confidence interval is

1. 04 to 110.96 hrs
2. 36 to 10.64
3. 80 to 10.20
4. 74 to 9.26

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State Finished
Completed on Saturday, 1 January 2022, 4:17 PM
Time taken 49 mins 47 secs
Grade 9.00 out of 15.00 (60%)

Question 1

Complete
Mark 0.50 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is moderately
risky and D safe. What is the percentage of persons holding risky investments?

Select one:
a. 50
b. 60 
c. 58
d. 30

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Question 2

Complete
Mark 0.00 out of 0.50

The variability of a data set is equal to:

Select one:
a. Sum of all the variables divided by 3
b. Zero
c. Square root of Variance
d. Square root of standard deviation

Question 3

Complete 
Mark 0.50 out of 0.50

Which of the following distributions can be used to solve the following problem? The average number of cars arriving at a drive-through fast-
food restaurant is three in 10 minutes. What is the probability that exactly four cars will arrive in a 5-minute interval?

Select one:
a. neither binomial nor poisson
b. Poisson
c. binomial
d. both binomail and poisson

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Question 4

Complete
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20 % of employees in a company are aged below 30, 30 % betweeen 30 and 40, 21 % between 40 and 50. The retirement age is 60.To
determine percentage of population below the age of 60 but above 50, I construct a

Select one:
a. Relative Frequency Tanle
b. Percentage table
c. Contingency Table
d. Frequency table

Question 5

Complete

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What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(10 &lt;=x &lt;=12) = 0.33
b. P(10 &lt;=x &lt;=12) = 0.09
c. P(10 &lt;=x &lt;=12) = 0.15
d. P(10 &lt;=x &lt;=12) = 0.06

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Question 6

Complete
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How does sampling distribution of mean changes with increase in sample size?

Select one:
a. sampling distribution of mean becomes positively skewed with increase in sample size.
b. sampling distribution of mean becomes negatively skewed with increase in sample size.
c. Standard deviation of sampling distribution of mean increases with increase in sample size.
d. Standard deviation of sampling distribution of mean decreases with increase in sample size.

Question 7

Complete 
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A discrete variable that can often be used to describe the number of occurrences of an event over a specified interval of time or space is a
___________ random variable.

Select one:
a. poisson
b. none
c. binomial
d. discrete

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Question 8

Complete
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Two characteristics, or assumptions, of the Poisson distribution are that

Select one:
a. the probability of success remains constant from trial to trial, and the random variable of interest is continuous
b. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
c. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
d. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete

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Question 9

Complete
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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. The table is best converted to a

Select one:
a. Frequency distribution and Summary table
b. Summary table
c. Frequency distribution
d. Contingency table

Question 10

Complete

Mark 0.50 out of 0.50

My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :

Select one:
a. Empirical Probability
b. Subjective Probability
c. None of these
d. A Priori Probability

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Question 11

Complete
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Suppose binomial distribution with n fixed, if p > 0.5, then:

Select one:
a. It provide symmetric binomial distribution.
b. The exponential distribution is a worst approximation.
c. It is a right skewed binomial distribution.
d. It is a left skewed binomial distribution.

Question 12

Complete 
Mark 0.00 out of 0.50

Select a statement which is true for distribution of the sample mean follows normal distribution.

Select one:
a. Only if sample is selected from normal distribution
b. Distribution of sample mean remains the same as distribution of population of its origin.
c. Irrespective of distribution of population of selected random sample.
d. Population distribution needs to be a continuous distribution

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 13

Complete
Mark 0.50 out of 0.50

Samples are taken out of a population because

Select one:
a. Analysing the entire population is cumbersome
b. All of these
c. The entire population may not be accessible
d. It is less costly

Question 14

Complete 
Mark 0.00 out of 0.50

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is expected value of sample
means?

Select one:
a. 12
b. 60
c. 0.6
d. 36

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 15

Complete
Mark 0.50 out of 0.50

What is the standard deviation of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 1.33
b. 1.73
c. 6
d. 1.53

Question 16

Complete 
Mark 0.50 out of 0.50

The mode of data set is 3,5,1,1,5,3,2,1. the 75th percentile is equal to:

Select one:
a. 3
b. 5
c. 3.5
d. 4

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 17

Complete
Mark 0.50 out of 0.50

The binomial distribution is characterized by situations that are analogous to

Select one:
a. counting defects on an item.
b. drawing balls from an urn
c. coin tossing
d. measuring the length of an item

Question 18

Complete 
Mark 0.50 out of 0.50

Which one of the following statements is not an assumption of the binomial distribution?

Select one:
a. The probability of success remains constant from trial to trial.
b. Sampling is with replacement.
c. Trials are independent of each other.
d. Each trial results in one of two mutually exclusive outcomes.

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 19

Complete
Mark 0.50 out of 0.50

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 15
b. 12
c. 9
d. 6

Question 20

Complete 
Mark 0.50 out of 0.50

There is a data-set with the following elements. 16,15,4,17,11,43. Range of the set is:

Select one:
a. 39
b. 34
c. 43
d. 15

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 21

Complete
Mark 0.00 out of 0.50

The sales of my company grew by more than 15 % three times out of the eight preceding years.Each of those years the GDP grew by 7 % or
more . It grew by 7 % or more one more year but the sales grew less than 15 % that year.What is the probability of our sales growing by 15
% or more this year?

Select one:
a. 0.41
b. 0.37
c. 0.29
d. 0.34

Question 22

Complete
Mark 0.00 out of 0.50

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening either tomorrow or the day after?

Select one:
a. 0.31
b. 0.4
c. 0.36
d. 0.33

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 23

Complete
Mark 0.50 out of 0.50

The Census method can be characterised as

Select one:
a. Probabilistic sampling
b. Random sampling
c. Nonprobabilistic sampling
d. None of these

Question 24

Complete 
Mark 0.50 out of 0.50

There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took. What is the probability of a person
taking retirement given that he has planned to?

Select one:
a. 0.67
b. 0.65
c. 0.7
d. 0.56

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 25

Complete
Mark 0.00 out of 0.50

The following are generally considered as indicators of the central tendency of a distribution

Select one:
a. Mean,Median and Mode
b. Mean and Median
c. Mean and Mode
d. Median and Mode

Question 26

Complete 
Mark 0.50 out of 0.50

Mode is best applied on

Select one:
a. Both of these
b. Continuous Data
c. Categorical Data
d. None of these

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 27

Complete
Mark 0.50 out of 0.50

There are ten students scoring 4 out of 5 in a class quiz, two scoring 3 and one scoring 0. The weighted mean in this case is: closest to:

Select one:
a. 3
b. 3.5
c. 4
d. 2.7

Question 28

Complete 
Mark 0.00 out of 0.50

In the observation method

Select one:
a. An unstructured questionnaire is administered
b. An electronic device may be used
c. A structured questionnaire is administered
d. The administrator sits face-to-face with the interviewee

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1/3/22, 10:37 AM Assignment - 1: Attempt review

Question 29

Complete
Mark 0.00 out of 0.50

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability that this will happen tomorrow?

Select one:
a. 0.18
b. 0.22
c. 0.25
d. 0.11

Question 30

Complete

Mark 0.00 out of 0.50

Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression appears as ((6!)/(3!X3!))((0.3)^3)((0.7)^3)
means that:

Select one:
a. Probability of getting exactly three successes in six trials.
b. Probability of getting three or more successes in seven trials.
c. Probability of getting exactly four successes in six trials.
d. Probability of getting four or more successes in seven trials.

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1/3/22, 10:37 AM Assignment - 1: Attempt review

 

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Started on Sunday, 30 January 2022, 9:58 PM

State Finished
Completed on Sunday, 30 January 2022, 10:48 PM
Time taken 49 mins 56 secs
Grade 9.00 out of 15.00 (60%)

Question 1

Complete
Mark 0.00 out of 0.50

What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(x £ 8) = 0.06
b. P(x £ 8) = 0.08
c. P(x £ 8) = 0.15

d. P(x £ 8) = 0.00

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=51369&cmid=1753 1/16
1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 2

Complete
Mark 0.50 out of 0.50

There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took. What is the probability of a person
taking retirement given that he has planned to?

Select one:
a. 0.7
b. 0.67
c. 0.56
d. 0.65

Question 3

Complete

Mark 0.50 out of 0.50

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 9
b. 6
c. 12
d. 15

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 4

Complete
Mark 0.50 out of 0.50

The sales of my company grew by more than 15 % three times out of the eight preceding years.Each of those years the GDP grew by 7 % or
more . It grew by 7 % or more one more year but the sales grew less than 15 % that year.What is the probability of our sales growing by 15
% or more this year?

Select one:
a. 0.34
b. 0.37
c. 0.29
d. 0.41

Question 5

Complete
Mark 0.00 out of 0.50

There are 40 employees above the age of 55 in my company among a total of 300. I meet one Mr. Das in the bus. The probability that he is
above 55 is 40/300. This is based on :

Select one:
a. None of these
b. A Priori Probability
c. Subjective Probability
d. Empirical Probability

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 6

Complete
Mark 0.50 out of 0.50

A discrete variable that can often be used to describe the number of occurrences of an event over a specified interval of time or space is a
___________ random variable.

Select one:
a. none
b. discrete
c. binomial
d. poisson

Question 7

Complete

Mark 0.00 out of 0.50

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is standard deviation of
sample means?

Select one:
a. 4
b. 3
c. 2
d. 6

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 8

Complete
Mark 0.50 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is moderately
risky and D safe. What is the percentage of persons holding risky investments?

Select one:
a. 50
b. 58
c. 30
d. 60

Question 9

Complete

Mark 0.00 out of 0.50

In a class, 40 students scored between 90 and 100, forty five between 80 and 90 and sixteen between 70 and 80. The mode of the
distribution is approximately equal to:

Select one:
a. 80
b. 88
c. 86
d. 93

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 10

Complete
Mark 0.00 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. What is the percentage chance that a person has invested in a risky option?

Select one:
a. 51
b. 31
c. 64
d. 60

Question 11

Complete

Mark 0.50 out of 0.50

What is the standard deviation of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 1.73
b. 1.53
c. 6
d. 1.33

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 12

Complete
Mark 0.50 out of 0.50

The binomial distribution is characterized by situations that are analogous to

Select one:
a. counting defects on an item.
b. coin tossing
c. drawing balls from an urn
d. measuring the length of an item

Question 13

Complete 
Mark 0.50 out of 0.50

My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :

Select one:
a. None of these
b. A Priori Probability
c. Subjective Probability
d. Empirical Probability

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 14

Complete
Mark 0.50 out of 0.50

A Sample taken from a population

Select one:
a. Should comprise at least half of the population
b. Is dependent upon the population size
c. At least one
d. Can be any number

Question 15

Complete 
Mark 0.50 out of 0.50

Geometric Mean of the Dataset 4,16,1 is:

Select one:
a. 7
b. 5.2
c. 4.5
d. 4

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 16

Complete
Mark 0.50 out of 0.50

There is a data-set with the following elements. 16,15,4,17,11,43. Range of the set is:

Select one:
a. 15
b. 39
c. 34
d. 43

Question 17

Complete 
Mark 0.00 out of 0.50

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening either tomorrow or the day after?

Select one:
a. 0.36
b. 0.31
c. 0.4
d. 0.33

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 18

Complete
Mark 0.00 out of 0.50

Primary Data is preferred over Secondary Data because

Select one:
a. It is less costly
b. The client always prefers primary data
c. Primary Data is always collected by qualified professionals
d. We cannot always trust secondary sources

Question 19

Complete 
Mark 0.50 out of 0.50

The Census method can be characterised as

Select one:
a. Nonprobabilistic sampling
b. None of these
c. Probabilistic sampling
d. Random sampling

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 20

Complete
Mark 0.00 out of 0.50

The variability of a data set is equal to:

Select one:
a. Square root of Variance
b. Zero
c. Sum of all the variables divided by 3
d. Square root of standard deviation

Question 21

Complete 
Mark 0.50 out of 0.50

A total of 50 raffle tickets are sold for a contest to win a car. If you purchase one ticket, what are your odds against winning?

Select one:
a. 0.05
b. 0.01
c. 50 to 1
d. 49 to 1

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 22

Complete
Mark 0.00 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. The table is best converted to a

Select one:
a. Summary table
b. Frequency distribution
c. Contingency table
d. Frequency distribution and Summary table

Question 23

Complete

Mark 0.50 out of 0.50

Mode is best applied on

Select one:
a. None of these
b. Both of these
c. Continuous Data
d. Categorical Data

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 24

Complete
Mark 0.00 out of 0.50

Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression appears as ((6!)/(3!X3!))((0.3)^3)((0.7)^3)
means that:

Select one:
a. Probability of getting exactly three successes in six trials.
b. Probability of getting exactly four successes in six trials.
c. Probability of getting three or more successes in seven trials.
d. Probability of getting four or more successes in seven trials.

Question 25

Complete

Mark 0.50 out of 0.50

How does standard error of the mean changes with increase in sample size?

Select one:
a. standard error of the mean remains same with increase in sample size
b. standard error of the mean decreases with increase in sample size
c. standard error of the mean increases with increase in sample size
d. standard error of the mean become equal to sample mean

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 26

Complete
Mark 0.50 out of 0.50

Two characteristics, or assumptions, of the Poisson distribution are that

Select one:
a. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
b. the probability of success remains constant from trial to trial, and the random variable of interest is continuous
c. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
d. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete


Question 27

Complete
Mark 0.50 out of 0.50

How does sampling distribution of mean changes with increase in sample size?

Select one:
a. Standard deviation of sampling distribution of mean increases with increase in sample size.
b. Standard deviation of sampling distribution of mean decreases with increase in sample size.
c. sampling distribution of mean becomes positively skewed with increase in sample size.
d. sampling distribution of mean becomes negatively skewed with increase in sample size.

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 28

Complete
Mark 0.00 out of 0.50

What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(10 &lt;=x &lt;=12) = 0.15
b. P(10 &lt;=x &lt;=12) = 0.06
c. P(10 &lt;=x &lt;=12) = 0.33
d. P(10 &lt;=x &lt;=12) = 0.09

Question 29

Complete 
Mark 0.00 out of 0.50

If n = 15 and p = .4, then the standard deviation of the binomial distribution is

Select one:
a. 1.897
b. 3.6
c. 6
d. 9

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1/30/22, 10:49 PM Assignment - 1: Attempt review

Question 30

Complete
Mark 0.50 out of 0.50

Standard deviation sample statistics is known as;

Select one:
a. Standard normal distribution
b. Continuous probability distribution
c. Frequency distribution
d. Sampling distribution

  

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Started on Wednesday, 16 February 2022, 7:45 PM

State Finished
Completed on Wednesday, 16 February 2022, 8:16 PM
Time taken 30 mins 52 secs
Grade 12.50 out of 15.00 (83%)

Question 1

Complete
Mark 0.50 out of 0.50

20 % of employees in a company are aged below 30, 30 % betweeen 30 and 40, 21 % between 40 and 50. The retirement age is 60.To
determine percentage of population below the age of 60 but above 50, I construct a

Select one:
a. Frequency table
b. Percentage table 
c. Relative Frequency Tanle
d. Contingency Table

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 2

Complete
Mark 0.50 out of 0.50

What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(10 &lt;=x &lt;=12) = 0.06
b. P(10 &lt;=x &lt;=12) = 0.33
c. P(10 &lt;=x &lt;=12) = 0.15
d. P(10 &lt;=x &lt;=12) = 0.09

Question 3

Complete 
Mark 0.50 out of 0.50

I have no idea of the day of the week or the month today. The probability that it is January and a Tuesday is:

Select one:
a. 0.3
b. 0.08
c. 0.02
d. 0.2

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 4

Complete
Mark 0.50 out of 0.50

Samples are taken out of a population because

Select one:
a. All of these
b. It is less costly
c. Analysing the entire population is cumbersome
d. The entire population may not be accessible

Question 5

Complete 
Mark 0.50 out of 0.50

Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression appears as ((6!)/(3!X3!))((0.3)^3)((0.7)^3)
means that:

Select one:
a. Probability of getting exactly three successes in six trials.
b. Probability of getting four or more successes in seven trials.
c. Probability of getting three or more successes in seven trials.
d. Probability of getting exactly four successes in six trials.

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 6

Complete
Mark 0.50 out of 0.50

Mode is best applied on

Select one:
a. Continuous Data
b. Both of these
c. None of these
d. Categorical Data

Question 7

Complete 
Mark 0.00 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. What is the percentage chance that a person has invested in a risky option?

Select one:
a. 51
b. 60
c. 64
d. 31

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 8

Complete
Mark 0.00 out of 0.50

In the observation method

Select one:
a. A structured questionnaire is administered
b. An electronic device may be used
c. The administrator sits face-to-face with the interviewee
d. An unstructured questionnaire is administered

Question 9

Complete 
Mark 0.00 out of 0.50

Which of the following distributions can be used to solve the following problem? The average number of cars arriving at a drive-through fast-
food restaurant is three in 10 minutes. What is the probability that exactly four cars will arrive in a 5-minute interval?

Select one:
a. binomial
b. neither binomial nor poisson
c. both binomail and poisson
d. Poisson

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 10

Complete
Mark 0.50 out of 0.50

What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(x £ 8) = 0.08
b. P(x £ 8) = 0.15
c. P(x £ 8) = 0.06
d. P(x £ 8) = 0.00

Question 11

Complete 
Mark 0.50 out of 0.50

In a class, 40 students scored between 90 and 100, forty five between 80 and 90 and sixteen between 70 and 80. The mode of the
distribution is approximately equal to:

Select one:
a. 86
b. 88
c. 80
d. 93

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 12

Complete
Mark 0.50 out of 0.50

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening either tomorrow or the day after?

Select one:
a. 0.4
b. 0.31
c. 0.33
d. 0.36

Question 13

Complete

Mark 0.50 out of 0.50

The sales of my company grew by more than 15 % three times out of the eight preceding years.Each of those years the GDP grew by 7 % or
more . It grew by 7 % or more one more year but the sales grew less than 15 % that year.What is the probability of our sales growing by 15
% or more this year?

Select one:
a. 0.29
b. 0.34
c. 0.37
d. 0.41

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 14

Complete
Mark 0.50 out of 0.50

Suppose binomial distribution with n fixed, if p > 0.5, then:

Select one:
a. The exponential distribution is a worst approximation.
b. It provide symmetric binomial distribution.
c. It is a right skewed binomial distribution.
d. It is a left skewed binomial distribution.

Question 15

Complete 
Mark 0.50 out of 0.50

My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :

Select one:
a. A Priori Probability
b. None of these
c. Empirical Probability
d. Subjective Probability

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 16

Complete
Mark 0.50 out of 0.50

Standard deviation sample statistics is known as;

Select one:
a. Continuous probability distribution
b. Sampling distribution
c. Frequency distribution
d. Standard normal distribution

Question 17

Complete 
Mark 0.50 out of 0.50

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is expected value of sample
means?

Select one:
a. 36
b. 12
c. 60
d. 0.6

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 18

Complete
Mark 0.00 out of 0.50

It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening both tomorrow and the day after?

Select one:
a. None of these
b. 0.03
c. 0.22
d. 0.11

Question 19

Complete

Mark 0.50 out of 0.50

There are ten students scoring 4 out of 5 in a class quiz, two scoring 3 and one scoring 0. The weighted mean in this case is: closest to:

Select one:
a. 3.5
b. 3
c. 2.7
d. 4

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 20

Complete
Mark 0.50 out of 0.50

How does standard error of the mean changes with increase in sample size?

Select one:
a. standard error of the mean decreases with increase in sample size
b. standard error of the mean increases with increase in sample size
c. standard error of the mean become equal to sample mean
d. standard error of the mean remains same with increase in sample size

Question 21

Complete 
Mark 0.50 out of 0.50

Geometric Mean of the Dataset 4,16,1 is:

Select one:
a. 4.5
b. 7
c. 4
d. 5.2

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 22

Complete
Mark 0.50 out of 0.50

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 6
b. 12
c. 15
d. 9

Question 23

Complete 
Mark 0.50 out of 0.50

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is standard deviation of
sample means?

Select one:
a. 6
b. 4
c. 2
d. 3

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 24

Complete
Mark 0.50 out of 0.50

How does sampling distribution of mean changes with increase in sample size?

Select one:
a. sampling distribution of mean becomes positively skewed with increase in sample size.
b. Standard deviation of sampling distribution of mean decreases with increase in sample size.
c. sampling distribution of mean becomes negatively skewed with increase in sample size.
d. Standard deviation of sampling distribution of mean increases with increase in sample size.

Question 25

Complete 
Mark 0.50 out of 0.50

Which one of the following statements is not an assumption of the binomial distribution?

Select one:
a. Each trial results in one of two mutually exclusive outcomes.
b. Sampling is with replacement.
c. Trials are independent of each other.
d. The probability of success remains constant from trial to trial.

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 26

Complete
Mark 0.50 out of 0.50

A Sample taken from a population

Select one:
a. Can be any number
b. Is dependent upon the population size
c. At least one
d. Should comprise at least half of the population

Question 27

Complete 
Mark 0.50 out of 0.50

There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took. What is the probability of a person
taking retirement given that he has planned to?

Select one:
a. 0.67
b. 0.7
c. 0.65
d. 0.56

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 28

Complete
Mark 0.50 out of 0.50

If n = 15 and p = .4, then the standard deviation of the binomial distribution is

Select one:
a. 1.897
b. 3.6
c. 6
d. 9

Question 29

Complete 
Mark 0.50 out of 0.50

Two characteristics, or assumptions, of the Poisson distribution are that

Select one:
a. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete
b. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
c. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
d. the probability of success remains constant from trial to trial, and the random variable of interest is continuous

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2/23/22, 12:45 PM Assignment - 1: Attempt review

Question 30

Complete
Mark 0.00 out of 0.50

The variability of a data set is equal to:

Select one:
a. Zero
b. Square root of Variance
c. Square root of standard deviation
d. Sum of all the variables divided by 3

  

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Started on Saturday, 1 January 2022, 7:59 PM

State Finished
Completed on Saturday, 1 January 2022, 8:34 PM
Time taken 35 mins 12 secs
Grade 12.00 out of 15.00 (80%)

Question 1

Complete
Mark 0.50 out of 0.50

A simple index is obtained by dividing the current value of a time series by the value of a time series in the _____________ time period and by
multiplying this ratio by 100.

Select one:
a. shortest
b. current 
c. base
d. final

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 2

Complete
Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population, alternate hypothesis can be framed as;

Select one:
a. m1≤m2
b. m1&gt;m2
c. m1≥m2
d. m1&lt;m2

Question 3

Complete

Mark 0.50 out of 0.50

The important characteristics of random numbers is

Select one:
a. random numbers should be replicable
b. the routine must be fast
c. the routine should have sufficiently long cycle
d. All of the alternatives are correct.

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 4

Complete
Mark 0.00 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population. Suppose standard deviation σ1 and σ2
are known, α= .01, then what could be the critical z value;

Select one:
a. 2.33
b. -2.58
c. -1.96
d. 1.28

Question 5

Complete
Mark 0.50 out of 0.50

A weighted aggregate price index where the weight for each item is its base-period quantity is known as the

Select one:
a. Laspeyres
b. weight index
c. Quantity index
d. Paasche

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 6

Complete
Mark 0.00 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population, null hypothesis can be framed as;

Select one:
a. m1&gt;m2
b. m1≥m2
c. m1&lt;m2
d. m1≤m2

Question 7

Complete

Mark 0.00 out of 0.50

Number of steps required in Monte Carlo simulation

Select one:
a. 4
b. 5
c. 6
d. 3

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 8

Complete
Mark 0.00 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: sample mean ≤ 150
Ha: sample mean > 150
Select a statement which holds true.

Select one:
A. Null and alternative hypotheses are rightly set to conduct testing.
B. Null and alternative hypotheses are not mutually exclusive.
C. Null and alternative hypotheses not set for population parameter.
D. Null and alternative hypotheses not collectively exhaustive.


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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 9

Complete
Mark 0.50 out of 0.50

Select statement which holds true for a statistical hypothesis;

Select one:
a. Statistical hypothesis is a generalized statement about population parameter.
b. Statistical hypothesis is any random statement made by researcher.
c. Statistical hypothesis is a generalized statement about sample statistics.
d. Statistical hypothesis is a statement about sample.

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 10

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ = 10
Ha: μ ≠ 10
Select a statement which holds true.

Select one:
A. Test is two tail test.
B. Test is left tail test
C. Test is one tail test
D. Test is no tail test


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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 11

Complete
Mark 0.50 out of 0.50

The uncontrollable inputs in simulation are

Select one:
a. variable lead time
b. both daily demand and variable lead time
c. none of these
d. daily demand

Question 12

Complete 
Mark 0.50 out of 0.50

In hypothesis testing, comparison of means of two random samples is conducted whether, both come from two different population or
same. Suppose standard deviation σ1 and σ2 are known, α = .01, then what could be the critical z value;

Select one:
a. -1.28 and 1.28
b. -2.33 and 2.33
c. -2.58 and 2.58
d. -1.96 and 1.96

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 13

Complete
Mark 0.50 out of 0.50

The controllable inputs in simulation are

Select one:
a. order quantity
b. none of these
c. both order quantity and reorder points
d. reorder points

Question 14

Complete 
Mark 0.00 out of 0.50

Since a(n) ____________ index employs the base-period quantities in all succeeding periods, it allows for ready comparisons for identical
quantities of goods purchased between the base period and all succeeding periods

Select one:
a. simple
b. Laspeyres
c. Paasche
d. aggregate

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 15

Complete
Mark 0.50 out of 0.50

Consumer Price Index is

Select one:
a. an index that is designed to measure changes in production levels over time.
b. an index that is designed to measure changes in quantities over time.
c. a weighted aggregate price index where the weight for each item is its last-period quantity.
d. a weighted aggregate price index where the weight for each item is its current-period quantity.

Question 16

Complete 
Mark 0.50 out of 0.50

In hypothesis testing we need to define first;

Select one:
a. Null and alternate hypothesis
b. Sample size
c. Type of error
d. Level of significance

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 17

Complete
Mark 0.50 out of 0.50

A major drawback of the aggregate price index is that

Select one:
a. it does not take into account the fact that some items in the market basket are purchased more frequently than others.
b. it is computed by using the values from a single time series or based on a single product
c. it is difficult to compute
d. percentage comparisons cannot be made to the base year.

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 18

Complete
Mark 0.00 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ≤ 11
Ha: μ > 10
Select a statement which holds true.

Select one:
A. Null and alternative hypotheses are rightly set to conduct testing.
B. Null and alternative hypotheses are not mutually exclusive.
C. Null and alternative hypotheses not set for population parameter.
D. Null and alternative hypotheses not collectively exhaustive


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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 19

Complete
Mark 0.50 out of 0.50

In hypothesis testing, comparison of means of two random samples is conducted whether, both come from two different population or
same. Suppose standard deviation σ1 and σ2 are known, α= .05, then what could be the critical z value;

Select one:
a. -1.96 and 1.96
b. -1.28 and 1.28
c. -2.58 and 2.58
d. -2.33 and 2.33

Question 20

Complete

Mark 0.50 out of 0.50

In hypothesis testing, what is the assumption about null hypothesis?

Select one:
a. Null hypothesis is true
b. Null hypothesis cannot be rejected.
c. Null hypothesis is always true
d. Null hypothesis is false

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 21

Complete
Mark 0.50 out of 0.50

The price relative is a price index that is determined by

Select one:
a. (price in period t/base period price)(100)
b. (price in period t + base period price)(100)
c. (base period price/price in period t)(100)
d. (price in period t)(100)

Question 22

Complete 
Mark 0.50 out of 0.50

Static simulation is generally referred as

Select one:
a. Monte carlo
b. continuous
c. stochastic
d. deterministic

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 23

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ≤ 10
Ha: μ > 10
Select a statement which holds true.

Select one:
A. Test is two tail test.
B. Test is left tail test
C. Test is one tail test
D. Test is no tail test


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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 24

Complete
Mark 0.50 out of 0.50

Simulation is used when

Select one:
a. project is very complicated
b. All of the alternatives are correct.
c. project is risky
d. there is huge cost involved

Question 25

Complete 
Mark 0.50 out of 0.50

Monte Carlo simulation can be applied to which models

Select one:
a. service times
b. number of employees absent
c. All of the alternatives are correct.
d. times between failures

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 26

Complete
Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of means of two random samples whether, both come from two different population or same,
null hypothesis can be framed as;

Select one:
a. m1≤m2
b. m1≥m2
c. m1=m2
d. m1≠m2

Question 27

Complete

Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of means of two random samples whether, both come from two different population or same,
alternate hypothesis can be framed as;

Select one:
a. m1≥m2
b. m1=m2
c. m1≠m2
d. m1≤m2

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 28

Complete
Mark 0.50 out of 0.50

In hypothesis testing, comparison of means of two random samples is conducted whether, both come from two different population or
same. Suppose standard deviation σ1 and σ2 are known, α= .10, then what could be the critical z value;

Select one:
a. -2.58 and 2.58
b. -1.96 and 1.96
c. -1.28 and 1.28
d. -2.33 and 2.33

Question 29

Complete

Mark 0.50 out of 0.50

A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time
is known as the

Select one:
a. Paasche Index
b. Laspeyres Index
c. Consumer Price Index
d. Producer Price Index

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1/3/22, 10:38 AM Assignment - 2: Attempt review

Question 30

Complete
Mark 0.50 out of 0.50

A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100
is known as the

Select one:
a. Price relative
b. Consumer price index
c. Paasche index
d. Producer price index


 

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Started on Monday, 21 February 2022, 9:37 PM

State Finished
Completed on Monday, 21 February 2022, 10:07 PM
Time taken 30 mins 1 sec
Grade 15.00 out of 15.00 (100%)

Question 1

Complete
Mark 0.50 out of 0.50

Since a(n) ____________ index employs the base-period quantities in all succeeding periods, it allows for ready comparisons for identical
quantities of goods purchased between the base period and all succeeding periods

Select one:
a. aggregate
b. Laspeyres 
c. Paasche
d. simple

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 2

Complete
Mark 0.50 out of 0.50

The greatest strength of simulation is

Select one:
a. to validate the model
b. to achieve goal
c. to answer what if questions
d. none of these

Question 3

Complete 
Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population. Suppose standard deviation σ1 and σ2
are known, α= .01, then what could be the critical z value;

Select one:
a. 1.28
b. -1.96
c. -2.58
d. 2.33

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 4

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ = 10
Ha: μ ≠ 10
Select a statement which holds true.

Select one:
A. Test is two tail test.
B. Test is left tail test
C. Test is one tail test
D. Test is no tail test


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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 5

Complete
Mark 0.50 out of 0.50

A major drawback of the aggregate price index is that

Select one:
a. it is computed by using the values from a single time series or based on a single product
b. it does not take into account the fact that some items in the market basket are purchased more frequently than others.
c. it is difficult to compute
d. percentage comparisons cannot be made to the base year.

Question 6

Complete 
Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population, null hypothesis can be framed as;

Select one:
a. m1≥m2
b. m1&lt;m2
c. m1≤m2
d. m1&gt;m2

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 7

Complete
Mark 0.50 out of 0.50

In hypothesis testing, what is the assumption about null hypothesis?

Select one:
a. Null hypothesis is always true
b. Null hypothesis is false
c. Null hypothesis cannot be rejected.
d. Null hypothesis is true

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 8

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ≤ 10
Ha: μ > 10
Select a statement which holds true.

Select one:
A. Null and alternative hypotheses are same.
B. Null and alternative hypotheses are mutually exclusive
C. Null and alternative hypotheses not right
D. Null and alternative hypotheses cannot be tested
E.


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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 9

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ≤ 10
Ha: μ > 10
Select a statement which holds true.

Select one:
A. Test is two tail test.
B. Test is left tail test
C. Test is one tail test
D. Test is no tail test


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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 10

Complete
Mark 0.50 out of 0.50

Simulation is used when

Select one:
a. All of the alternatives are correct.
b. project is risky
c. there is huge cost involved
d. project is very complicated

Question 11

Complete 
Mark 0.50 out of 0.50

A simple index is obtained by dividing the current value of a time series by the value of a time series in the _____________ time period and by
multiplying this ratio by 100.

Select one:
a. base
b. shortest
c. final
d. current

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 12

Complete
Mark 0.50 out of 0.50

Consumer Price Index is

Select one:
a. an index that is designed to measure changes in quantities over time.
b. a weighted aggregate price index where the weight for each item is its last-period quantity.
c. an index that is designed to measure changes in production levels over time.
d. a weighted aggregate price index where the weight for each item is its current-period quantity.

Question 13

Complete 
Mark 0.50 out of 0.50

In hypothesis testing, to conduct comparison of mean μ1 of random sample (from population 1) is more often than mean μ2 of random
sample (from population 2) whether, both come from two different population or same population, alternate hypothesis can be framed as;

Select one:
a. m1&gt;m2
b. m1&lt;m2
c. m1≥m2
d. m1≤m2

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 14

Complete
Mark 0.50 out of 0.50

A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time
is known as the

Select one:
a. Paasche Index
b. Consumer Price Index
c. Laspeyres Index
d. Producer Price Index

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2/23/22, 12:45 PM Assignment - 2: Attempt review

Question 15

Complete
Mark 0.50 out of 0.50

In the following example, null and alternative hypotheses are written as.
Ho: µ≤ 11
Ha: μ > 10
Select a statement which holds true.

Select one:
A. Null and alternative hypotheses are rightly set to conduct testing.
B. Null and alternative hypotheses are not mutually exclusive.
C. Null and alternative hypotheses not set for population parameter.
D. Null and alternative hypotheses not collectively exhaustive


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Question 16

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A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100
is known as the

Select one:
a. Consumer price index
b. Producer price index
c. Price relative
d. Paasche index

Question 17

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Select statement which holds true for a statistical hypothesis;

Select one:
a. Statistical hypothesis is any random statement made by researcher.
b. Statistical hypothesis is a generalized statement about sample statistics.
c. Statistical hypothesis is a statement about sample.
d. Statistical hypothesis is a generalized statement about population parameter.

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Question 18

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In hypothesis testing, to conduct comparison of means of two random samples whether, both come from two different population or same,
alternate hypothesis can be framed as;

Select one:
a. m1=m2
b. m1≤m2
c. m1≠m2
d. m1≥m2

Question 19

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The controllable inputs in simulation are

Select one:
a. none of these
b. both order quantity and reorder points
c. order quantity
d. reorder points

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Question 20

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The important characteristics of random numbers is

Select one:
a. the routine should have sufficiently long cycle
b. the routine must be fast
c. All of the alternatives are correct.
d. random numbers should be replicable

Question 21

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In hypothesis testing, comparison of means of two random samples is conducted whether, both come from two different population or
same. Suppose standard deviation σ1 and σ2 are known, α = .01, then what could be the critical z value;

Select one:
a. -1.28 and 1.28
b. -2.58 and 2.58
c. -2.33 and 2.33
d. -1.96 and 1.96

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Question 22

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In hypothesis testing, comparison of means of two random samples is conducted whether, both come from two different population or
same. Suppose standard deviation σ1 and σ2 are known, α= .10, then what could be the critical z value;

Select one:
a. -1.28 and 1.28
b. -2.33 and 2.33
c. -1.96 and 1.96
d. -2.58 and 2.58

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Question 23

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In the following example, null and alternative hypotheses are written as.
Ho: sample mean ≤ 150
Ha: sample mean > 150
Select a statement which holds true.

Select one:
A. Null and alternative hypotheses are rightly set to conduct testing.
B. Null and alternative hypotheses are not mutually exclusive.
C. Null and alternative hypotheses not set for population parameter.
D. Null and alternative hypotheses not collectively exhaustive.


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Question 24

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In hypothesis testing, to conduct comparison of means of two random samples whether, both come from two different population or same,
null hypothesis can be framed as;

Select one:
a. m1≠m2
b. m1≤m2
c. m1≥m2
d. m1=m2

Question 25

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
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Number of steps required in Monte Carlo simulation

Select one:
a. 3
b. 6
c. 4
d. 5

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Question 26

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The uncontrollable inputs in simulation are

Select one:
a. daily demand
b. both daily demand and variable lead time
c. none of these
d. variable lead time

Question 27

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Monte Carlo simulation can be applied to which models

Select one:
a. service times
b. times between failures
c. number of employees absent
d. All of the alternatives are correct.

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Question 28

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Static simulation is generally referred as

Select one:
a. deterministic
b. continuous
c. stochastic
d. Monte carlo

Question 29

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In hypothesis testing we need to define first;

Select one:
a. Level of significance
b. Null and alternate hypothesis
c. Sample size
d. Type of error

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Question 30

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The price relative is a price index that is determined by

Select one:
a. (price in period t/base period price)(100)
b. (price in period t + base period price)(100)
c. (base period price/price in period t)(100)
d. (price in period t)(100)

  

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