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1 The members of each basketball team wear numbers on the back of their jerseys. What scale of measurement are these numbers considered? A. Nominal B. Ordinal C. Interval D. Ratio E. None of the above 1.2 Respondents were asked, “Do you now earn more than or less than you did five years ago?” What is this level of measurement? A. Interval B. Ratio C. Nominal D. Ordinal E. None of the above 1-3 What type of data is the projected return on an investment? A. Qualitative B. Continuous C. Attribute D. Discrete E. None of the above 1-4 The gathering, organizing, analyzing, and interpreting data is called

A. statistics. B. descriptive statistics. C. inferential statistics. D. levels of measurement. E. None of the above. 1-5 Which of the following is an example of attribute data? A. Number of children in a family B. Weight of a person C. Color of ink in a pen D. Miles between oil changes E. None of the above

040 to a high of $1. frequency distribution.180 and $1. 2-1: Monthly commissions of first-year insurance brokers are $1. $1. $1. $100 C. C. what are the limits for the class with the greatest frequency? Heights 60” up to 65” 65” up to 70” 70” up to 75” Number 10 70 20 A. what is the most convenient class interval? A. B. Number of households watching the Home Improvement. Number of members of the Dobbs Ferry-Irvington Lions Club. ogive.570. D.5 and 74.270. Number of employees reporting in sick. 65 and up to 70 D. E. Number of family members. Number of miles between New York City and Chicago. C.1-6 Which one of the following is NOT an example of discrete data? A. none of the above.680. $150 D. E. $1. 65 and 69 C. $1. D. If we want to condense the data into seven classes. B. $1. $1. They ranged from a low of $1. raw data. $200 E. None of the above 2-4: Why are unequal class intervals sometimes used in a frequency distribution? .720. None of the above 2-3: For the following distribution of heights.420. 64 and up to 70 B. 69. histogram.310.410.380. 2-2: The monthly salaries of a sample of 100 employees were rounded to the nearest ten dollars.5 E. $ 50 B. These figures are referred to as: A.

32. $12. To avoid the need for midpoints E. 24. None of the above 3-3 What is the median of 26. For the sake of variety in presenting the data C.00 and up to $15.S. [img src="@3339559"] E. Mode and median D.75 and $14.25 D. m C. Sample D. Federal Aviation Administration reported that passenger evenues on international flights increased from $528 million in 1972 to $5. 29 C. 32 B. $12. None of the above 2-5 A sample distribution of hourly earnings in Paul’s Cookie Factory is: Hourly Earnings $6 up to $9 $9 up to $12 $12 up to $15 Numbers 16 42 10 The limits of the class with the smallest frequency are: A.00 and $9. Mean and median B.00 B. $ 6.00 E. None of the above 3-4 The U. 30. 30 D. To avoid a large number of empty classes B.00 and up to $14. None of the above 3-1 Which measures of central tendency are not affected by extremely low or extremely high values? A. None of the above 3-2 Which one of the following is referred to as the population mean? A.100 . 31. 29. To make the class frequencies smaller D. Statistic B. Geometric mean and mean E. 27 and 29? A.A.5 E. $11. 32.00 C. Mean and mode C.

What is the geometric mean annual percent increase in international passenger revenues? A.4 What is the relationship between the variance and the standard deviation? A. which are difficult to manipulate D.2 What disadvantage(s) are there of the mean deviation? A. All of the above E.3 Which of the following measures of dispersion are based on deviations from the mean? A. Uses absolute values.4 B. Can be distorted by a large mean C. All of the above E.6 D.million in 1995. None of the above 4. Has no disadvantage E.9 C. Mean deviation D. 9. Based on only two observations B. Variance B. Not in the same units as the original data D. Variance is the square of the standard deviation C. 103.1 What is a disadvantage of the range as a measure of dispersion? A. Based on deviations from the mean C. None of the above 4.96 E. 10. Based on only two observations B. Standard deviation C. Variance is twice the standard deviation D. Variance is the square root of the standard deviation B. None of the above 4. No constant relationship between the variance and the standard deviation . None of the above 4. 27.

News & World Report.S. –0.75 standard deviations of the mean? A.E. What is the coefficient of skewness? A. None of the above 4-6 A large oil company is studying the number of gallons of gasoline purchased per customer at self-service pumps. What is the probability that an employee selected at random will need either corrective shoes or major dental work? A. None of the above 5. Ten percent read both Time and U.S.5 According to Chebyshev’s Theorem.0 gallons.75 D. what percent of the observations lie within plus and minus 1. What is the probability that a particular top executive reads either Time or U. News & World Report regularly? . 67% D. 1.00 E. +1. 56% B. News & World Report. None of the above 4.50 D.0 with a standard deviation of 3. None of the above 5-1 Routine physical examinations are conducted annually as part of a health service program for the employees.75 gallons. 15% needed major dental work and 3% needed both corrective shoes and major dental work. 0.S.20 B. Cannot compute because it depends on the shape of the distribution E. The mean number of gallons is 10. The median is 10.25 C. It was discovered that 8% of the employees needed corrective shoes. 95% C. 0. 0.2 A survey of top executives revealed that 35% of them regularly read Time magazine. +0. –1. 20% read Newsweek and 40% read U.75 C.00 B.00 E.

25 C. or 0.000 miles. It is immaterial what order he calls on them. or 0. What is the probability that all four tires will wear out before traveling 50. 1/64. 0. 40% visit the Tetons and 35% visit both.65 E. 1/16. 0. 37 E. 24 C. 1. 120 D. None of the above 5.0156 D. or 0.55 D.85 B. or 0.4 A tire manufacturer advertises that “the average life of our new allseason radial tire is 50.000 miles. 0. 0.35 C.95 B. How many ways can he organize his calls? A.06 C. 0. 0.3 A study by the National Park Service revealed that 50% of the vacationers going to the Rocky Mountain region visit Yellowstone Park.A.000 miles? A. None of the above 5. What is the probability that a vacationer will visit at least one of these magnificent attractions? A. 0.” You purchased four of these tires.05 E. ¼.10 B.00 D. 1/10. None of the above 5-5 A sales representative calls on four hospitals in Westchester County. None of the above . An immediate adjustment will be made on any tire that does not last 50. 4 B.0625 E.

) for service are: Number Probability 1 0. 0.07 E. 1/15.85 D. predicting a future outcome.1 The probabilities and the number of automobiles lined up at a Lakeside Olds at opening time (7:30 a. 1/2. or about 0. None of the above 6. 1/120.00 C. Using the rules of probability. 0. D. what is the likelihood that the agent will sell a policy to 3 of the 4 prospective clients? A. descriptive statistics.2 An insurance agent has appointments with four prospective clients tomorrow.50 B. or 0.96 E.5. inferential statistics.250 B.410 D.026 .500 C.0083 D. 0.05 2 0.25 On a typical day.5 There are 10 rolls of film in a box and 3 are defective. 2.6 Calculating the probability of an outcome is useful in the following except A.25 C. 1/4. relative frequency. or about 0. one after the other.40 4 0. how many automobiles should Lakeside Olds expect to be lined up at opening? A. None of the above 5. C. 6. or 0. 10. none of the above.00 B. E. Two rolls are to be selected. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5. 1. B. 1.30 3 0.m. What is the probability of selecting a defective roll followed by another defective roll? A. 0.

50 D.0005. None of the above are correct 6-7 What kind of distribution are the binomial and Poisson distributions? A. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0164 D. Independent trials B. None of the above 6.2500 C. Probability of success remains constant from trial to trial D.4 Which one of the following is NOT a condition of the binomial distribution? A. 0. Suppose they wrote 400 policies for the coming weekend. There are three or more possible outcomes B. None of the above 6. Subjective probability D. Random variable B. Value of p is equal to 1. Only two outcomes C. what is the probability that exactly two claims will be filed? A. Frequency distribution E.3 Sweetwater & Associates write weekend trip insurance at a very nominal charge. None of the above 6-6 Which is true for a binomial distribution? A. 0. Probability distribution C. Probability of success remains the same from trial to trial C.8187 B. Discrete B. All of the above are correct E. 0. 0. Continuous . At least 10 observations E.0001 F. None of the above 6-4 What is a listing of all possible outcomes of an experiment and their corresponding probability of occurrence called? A.E.

000 and the standard deviation is $100. the mean plus and minus 1.13 pounds or 210. 99. Neither discrete or continuous 6. Asymptotic E. 210. All of the above 7-4 The mean of a normally distributed group of weekly incomes of a large group of executives is $1. None of the above 7-1 Which of the following is NOT true regarding the normal distribution? A.1 pounds.137 pounds depending on the accuracy of the scale.7% C. 210. Mean. Discrete random variable C. Symmetrical D. What is the z-score for an income of $1. Both discrete and continuous D. What is this an illustration of? A.96 standard deviations will include about what percent of the observations? A. Positively-skewed B. Complement rule D. None of the above 7-3 Which of the following is NOT a characteristic of the normal probability distribution? A. The points of the curve meet the X-axis at z = –3 and z = 3 E.8 The weight of an offensive linesman may be 210 pounds. None of the above 7-2 For the normal distribution. It has a single peak C. It is symmetrical D.100? . 50% B. 95% D. median and mode are all equal B. Bell-shaped C. All of the above E.C. 68% E. Continuous random variable B.

Standard error of the mean B. All of the above are correct E. 1. What type of sampling is this? . Mean divides the distribution into two equal parts D. Any mean and a standard deviation of 1 C. -0.00 C. None of the above 8-3 Suppose we select every fifth invoice in a file. 2.683 D. None of the above are correct 8-1 What is the difference between a sample mean and the population mean called? A. Parameter B. None of the above 8-2 What sample statistic is used to estimate a population value? A. A mean of 1 and any standard deviation B. None of the above 7-5 Which of the following is true in a normal distribution? A. Sampling error C. None of the above 7-6 The standard normal probability distribution is one which has: A. 1.00 B.A. Mode equals the median C. Point estimate E. Mean equals the mode and the median B.90 E. Interval estimate E. Point estimate D. Interval estimate D. A mean of 0 and a standard deviation of 1 E. A mean of 0 and any standard deviation D. Sampling error C.

55. Stratified D.55 and the alternate is p is not equal to 0.000 persons. Systematic F. 0. None of the above 8-5 In a sample of 2. Population parameter B. Increases B.A. Sample mean D. None of the above 9-2 Test at the 0.600 favored more strict environmental protection measures. 1. 0. Decreases C. 0.80 or 80% D. A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want a condominium. Remains unchanged D.20 or 20% C. what happens to the required sample size? A. Random B. None of the above 8-4 If the level of confidence is lowered from 95% to 90%. but the allowable error and the standard deviation remain the same. Sample statistic C. The null hypothesis is p = 0. What decision should be made regarding the null hypothesis? .82 or 82% E. None of the above 9-1 What value does the null hypothesis make a claim about? A. What is the estimated population proportion? A. Cluster C. Type II error E. 0.01 level the statement that 55% of those families who plan to purchase a vacation residence in Florida want a condominium.16 or 16% B.

Do not reject it B. what is our decision? A. Reject it C. z-value of 1. Reject the null hypothesis B. Take a larger sample D. None of the above 9-5 What do we call the conditions under which the null hypothesis is NOT rejected? A. Rejecting a false null hypothesis C.07. Rejecting a false alternate hypothesis F. Probability of a Type II error B. Reserve judgment E. If the computed z is –1.A. Do not reject the null hypothesis C. None of the above 9-3 What is the level of significance? A.000. Alternate hypothesis D. None of the above 9-6 What is a Type II error? A. Probability of a Type I error C. Cannot accept nor reject it based on the information given D. Decision rule B.96 D. Accepting a false null hypothesis B. None of the above 9-4 Suppose we are testing the difference between two proportions at the 0. Test statistic C. what is the rejection region for the hypothesis test? . None of the above 9-7 If the alternate hypothesis states that m does not equal 4. Beta error E. Critical value E.05 level of significance. Accepting a false alternate hypothesis D.

Upper or right tail D. None of the above . Both tails B. Lower or left tail C.A. Center E.

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