BAN 280 Quiz Answers

Chapter 1

...

In statistical analysis, inferential statistics is used to

only 1 and 2 are correct

A summary measuere computed from a population is referred to as a

Parameter

An example of a population parameter is

a and b are both parameters

From the following, identify the example of a continuous variable.

both 2 and 4 are continuous

Qualitative data

may be either numeric or nonnumeric

Which of the following is an example of a quantitative variable?

the number of students in a room

Social security numbers consist of numeric values. Therefore, social security is an example of

a qualitive variable

___________ data are not really numerical but are merely levels or categories or simply assigned values. The example would be sex (1-Male 2-Female), or directions (1-E 2-W 3-N 4-S).

nominal data

When your data is NOT a sequence of observations that taken in an orderly fashion with respect to time you are using

cross sectional data

When your data is a sequence of observations that taken in an orderly fashion with respect to time you are using

time series data

Chapter 2

...

The absolute frequency for the class 25 but < 35 is

the number of observations in the data set >= 25 but < 35

The relative frequency for the class 25 but < 35 is

the number of observations in the data set >= 25 but < 35 divided by the sample size

The cumulative relative frequency for the class 25 but < 35 is

the number of observations in the data set < 35 divided by the sample size

What is the standard class width for the following table?
Class (items/day)
20 But < 40
40 but < 50
50 but < 60
60 but < 70
70 but < 80
80 but <90
90 but <110
Total

10

The first class in the following table:
24 But <40
40 But < 44
44 but < 48
48 but < 52
52 but < 56
56 but < 60
60 but < 64
64 but < 68
68 but < 72

b and c are both correct

What is the cumulative absolute frequency for the class 80 but < 100 in the following table?
Class (production/day) Absolute Frequency
0 but < 40 5
40 but < 60 10
60 but < 80 50
80 but < 100 80
100 but < 120 35
120 but < 200 20
Total 200

145

Consider for the following table and histogram:
Class (production/day)
Absolute Frequency
0 but < 40
4
40 but < 60
8
60 but < 80
49
80 but < 100
80
100 but < 120
39
120 but < 200
20
Total
200

the histogram does NOT correctly represent the absolute frequency distribution in the table

What is Q1 given the following data:
7
3
9
5
5
5
6
6
6
2
9
4

4.5

What is Q2 given the following data:
7
3
9
5
5
5
6
6
6
2
9
4

none of the above

What is Q3 given the following data:
7
3
9
5
5
5
6
6
6
2
9
4

6.5

Chapter 3

...

When computing the mean of a data set the solution would be the same regardless of whether the data are from a population or a sample.

TRUE

The mean (called the "average" in excel) is the most widely used measure of central tendency (computer by summing the numbers in the data set and then dividing by the number of numbers) and is robust of outliers in the data set.

FALSE

What is the standard deviation of the Spring sample data set?
Spring
500
560
556
600
530
500

38.8587

What is the mean of the Spring sample data set?
Spring
500
560
556
600
530
500

541

What is the mode of the Spring sample data set?
Spring
500
560
556
600
530
500

500

Suppose you have two data sets. The first data set has a mean of 100 and a standard deviation of 10. The second data set has a mean of 500 and a standard deviation of 75. Which data set is MORE relatively dispersed according the to coefficient of variatio

The second data set is more relatively dispersed

Examine the smallest and largest Spring data values in the Spring sample data set. List any Spring data values you believe should not be in the Spring data set (values you believe to be outliers that are too small or too large).
Re-compute the mean, media

there are no outliers in the Spring data so no numbers should be removed

The standard deviation of a data set can be

zero or positive

What is the range of the Spring data set?
Spring
500
560
556
600
530
500

none of these

What is the median of the Summer sample data set?
Summer
552
550
552
546
549
548
551
1500
555
556

551.5

Chapter 4

...

What is the probability z will be greater than -2.05?

0.9798

What is the probability z will be less than -1.27?

0.102

What is the probability z will be between .25 and 1.75?

0.3612

87.49% of the area is below what value of z?

1.15

The middle .9146 area of the z distribution is between what 2 numbers?

-1.72, 1.72

The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of at least 47,500 miles?

0.0668

You sell different beverages at your resturant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of cups sold per day is a normally distributed random variable with �x = 200 cups and ?x = 50 cups.

0.7517

The weight of soccer players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds. The probability of a player weighing less than 180 pounds is

0.2119

You sell different beverages at your resturant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of cups sold per day is a normally distributed random variable with �x = 200 cups and ?x = 50 cups.

0.4993

You sell different beverages at your restaurant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of ounces sold per day is a normally distributed random variable with �x = 500 ounces and ?x = 75

608.75

Chapter 6

...

What is the probability z will be greater than -2.05?

0.9798

What is the probability z will be less than -1.27?

0.102

What is the probability z will be between .25 and 1.75?

0.3612

87.49% of the area is below what value of z?

1.15

The middle .9146 area of the z distribution is between what 2 numbers?

-1.72, 1.72

The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of at least 47,500 miles?

0.0668

You sell different beverages at your resturant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of cups sold per day is a normally distributed random variable with �x = 200 cups and ?x = 50 cups.

0.7517

The weight of soccer players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds. The probability of a player weighing less than 180 pounds is

0.2119

You sell different beverages at your resturant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of cups sold per day is a normally distributed random variable with �x = 200 cups and ?x = 50 cups.

0.4993

You sell different beverages at your restaurant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of ounces sold per day is a normally distributed random variable with �x = 500 ounces and ?x = 75

608.75

You sell different beverages at your restaurant. One of the most profitable products you sell is a customized UNCW Seahawk coffee blend. You know the number of ounces sold per day is a normally distributed random variable with �x = 500 ounces and ?x = 75

608.75

Chapter 7

...

A simple random sample of size n from an infinite population of size N is to be selected. Each possible sample should have

an equal chance of being selected

A simple random sample of 100 observations was taken from a large population. The sample mean and the standard deviation were determined to be 80 and 12 respectively. The standard error of the mean is

1.2

The sampling error is the

difference between the value of a sample mean and the value of the population mean

Random samples of size 81 are taken from an infinite population whose mean and standard deviation are 200 and 18, respectively. The distribution of the population is unknown. The mean and the standard error of the mean are

200 and 2

The sampling distribution of the sample mean, mc003-1.jpg , is

a probability distribution of all possible sample means

Whenever the population has a normal probability distribution, the sampling distribution of mc026-1.jpg is a normal probability distribution for

any sample size

Suppose the number of items you can deliver in a day is a random variable with some unknown distribution with a mean = 35 and a standard deviation of 8. What is the probability a random sample of 36 days would have a mean greater than 37.32?

0.0409

Suppose the number of items you can deliver in a day is a random variable with some unknown distribution with a mean = 35 and a standard deviation of 8. What is the probability a random sample of 36 days would have a mean between 31.8 and 37?

0.925

Suppose the number of items you can deliver in a day is a random variable with some unknown distribution with a mean = 35 and a standard deviation of 8. 98.98% of all sample means of 36 days will be less than ?.

38.0933

Suppose the number of items you can deliver in a day is a random variable with some unknown distribution with a mean = 35 and a standard deviation of 8. 98.98% of all sample means of 36 days will be greater than ?.

31.9067
&
38.0933

Chapter 8

...

A low level of confidence for a confidence interval would mean

a high chance of a type I error

A 90% confidence interval for a population mean is determined to be 100 to 130. If the confidence coefficient is increased to 0.95, the interval

would be more than 30

The purpose of constructing a confidence interval is to

estimate a population parameter with a sample statistic at some level of confidence

For a two-sided confidence interval with 18 observations, ?x known, and ? = 0.20 the (critical) value is:

1.282

For a two-sided confidence interval with 13 observations, ?x known, and ? = 0.10 the (critical) value is

1.645

For a two-sided confidence interval with 14 observations, ?x unknown, and ? = 0.10 the (critical) value is:

none of these

For a two-sided confidence interval with 15 observations, ?x unknown, and ? = 0.10 the (critical) value is:

1.761

For a two-sided confidence interval with 18 observations, ?x unknown, and ? = 0.10 the (critical) value is:

1.74

An economist is trying to determine the average per capita income (in thousands of dollars) of the residents of a major city in Texas. Suppose a sample of size 25 is drawn from the city with the following results: sample mean = 26 and sx = 9.6. Construct

22.7149

An economist is trying to determine the average per capita income (in thousands of dollars) of the residents of a major city in Texas. Suppose a sample of size 26 is drawn from the city with the following results: sample mean = 26 and sx = 9.6. Construct

28.4777

Chapter 9

...

In a hypothesis test, if you do not reject the null hypothesis at an ? of .05 you know you would have also

not rejected Ho if ? had been .025

A manufacturer of potato chips would like to know whether its bag filling machine is under-filling bags of chips at the 426 gram setting. The alternative hypothesis would be:

?x < 426

When you set the value of alpha (?) or type I error in a hypothesis test you are also setting the

1 thru 3 are all true

In a hypothesis test for the population mean, when the population standard deviation ( sigma ) is known your test statistic has a ______ distribution.

Z

For a Lower one-tailed hypothesis test with a sample size of 18 at ? = .10, the critical value for the decision would be:

none of these

The decision rule for the p-value approach is

Reject the Null hypothesis in favor of the alternative hypothesis if P-value < alpha (?).

Given the following hypothesis test:
Ho: mu of x is greater or equal to 54
Ha: mu of x is less than 54
and this information:
n = 64 , X bar = 50 , S of x = 16 , Standard deviation is unknown
The p-value is between

.02 and .025

A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years. We want to use hypothesis testing to determine if the average age of all the students at the university

2

Suppose you are testing the alternative hypothesis, Ha: ?x ? 0 and your Decision is "Do Not Reject Ho". Your conclusion would be:

there is not sufficient evidence to conclude HA is true

Given the following hypothesis test:
Ho: mu of x is less than or equal to 20
Ha: mu of x is more than 20
and this information:
n = 36 , X bar = 24.6 , S of x = 12, Standard deviation is unknown
You decision using ? = .05 would be:

the null hypothesis should be rejected

Chapter 10

...

If you perform a hypothesis test on the population slope Parameter (?1) in regression analysis and reject the Null hypothesis: Ho: ?1= 0. Your conclusion would be:

The least squares sample regression equation should be used because there is
sufficient evidence of a relationship between the independent variable and the dependent variable..

In regression analysis the parameter ?1 is a Population Parameter measuring

the slope of the Population regression line computed from a census of the Population

In regression analysis the parameter Beta0 (?0) is a Population Parameter measuring

the Y intercept of the Population regression line computed from a census of the Population

Simple Linear Regression analysis is a statistical procedure for developing a mathematical equation that describes how

one dependent and one independent variables are related

Our company processes widgets. Consider the following data for 23 widgets. Each widget was weighed before and after processing.
Widget
Weight before processing (pounds)
Weight after processing (pounds)
1
0.1
0.07
2
0.17
0.02
3
0.4
0.16
4
0.75
0.15
5
0.66

.0114 pounds

Our company processes widgets. Consider the following data for 23 widgets. Each widget was weighed before and after processing.
Widget Weight before processing (pounds) Weight after processing (pounds)
1
0.1
0.07
2
0.17
0.02
3
0.4
0.16
4
0.75
0.15
5
0.66

.228 pounds

his following data is for Wray Enterprises. We have tracked the amount of money they spend on advertising and the sales volume for their product.
Month
Advertising
Sales
1
1000
5200
2
1500
6000
3
1900
7200
4
1400
5400
5
2200
6500
6
2468
7600
7
1210
6200
8

there is sufficient evidence of a positive relationship between advertising and sales

This following data is for Wray Enterprises. We have tracked the amount of money they spend on advertising and the sales volume for their product.
Month
Advertising
Sales
1
1000
5200
2
1500
6000
3
1900
7200
4
1400
5400
5
2200
6500
6
2468
7600
7
1210
6200

I would use the model to predict for advertising of $1500 and $2400 only.