Statistics conceptual:

01. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of customers is stable at 1,500, but they are purchasing less each year.
She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial
customers. One question on the survey asked the customers “How many people does your
company employ: a. 0 - 25, b. 26 - 100, c. 101 - 1000, d. 1001+.” The measurement level for this
question is?

ordinal level
nominal level
ratio level
interval level

02. The staffs of the accounting and the quality control departments rated their respective
supervisor's leadership style as either (1) authoritarian or (2) participatory. Sixty-eight percent of
the accounting staff rated their supervisor "authoritarian," and thirty-two percent rated him
"participatory." Forty percent of the quality control staff rated their supervisor "authoritarian," and
sixty percent rated her "participatory." The best graphic depiction of these data would be two?

Pareto chart
pie charts
Bar Chart
frequency polygons
histograms

03. The staff of Ms. Tamara Hill, VP of Technical Analysis at Blue Sky Brokerage, prepared a
cumulative percentage chart of market capitalization of the 937 corporations listed on the
American Stock Exchange in January 2003.The median market capitalization of the corporations
was (in $1,000,000)

200
26
12
60

04. The ages of students in a class have been put into the frequency distribution as follows: 3
students with age 18, 5 students with age 19, 28 students with age 20, and 4 students with age
21. What is the median age of these students?
19
18
20
19.5
05. A statistics instructor collects information about the background of his students. About 30% have
taken economics and about 40% have taken accounting. There are 23 male students and 27
female students in this class. This is an example of ?

inferential statistics
descriptive statistics
nonparametric statistics
nominal data

06. Manuel Banales, Marketing Director of Plano Power Plants, Inc.’s Electrical Division, is leading a
study to assess the relative importance of product features. Two items on a survey questionnaire
distributed to 100 of Plano’s customers asked them to rate the importance of “ease of
maintenance” and “efficiency of operation” on a scale of 1 to 10 (with 1 meaning “not important”
and 10 meaning “highly important”). His staff assembled the following statistics on these two
items. What can Manuel conclude from these statistics?

The Ease of Maintenance distribution is skewed to the right.

The Ease of Maintenance distribution is not skewed.
The Efficiency of Operation distribution is skewed to the left.
The Efficiency of Operation distribution is positively skewed.
Both are symmetrically distributed.

07. A sample was taken of the salaries of four employees from a large company. The following are
their salaries (in thousands of dollars) for this year: 33, 40, 25, and 45. The median of their
salaries is approximately
25
35.75
32.5
36.5
40

08. Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's
new model of automobile batteries. Life tests performed on a sample of 100 batteries indicated:
(1) an average life of 75 months, (2) a standard deviation of 5 months, and (3) a bell shaped
battery life distribution. What percentage of the batteries will fail within the first 61 months of use?
0.256%
2.275%
0.135%
1.85%
3.593%

09. In a GMAT exam, the test score generally follows normal distribution with mean 540 and standard
deviation as 100. A. What is the probability of obtaining a score between 240 and 640?
0.8399
0.8413
0.6828
0.9986
10. The Worlwide PC market is very competitive. In 1998 unit-shipment market shares were: Dell
8.2%; Compaq 13.4%; Gateway 3.8%; Hewlett-Packard 5.9%; IBM 8.4%; and others 60.3%. In
order to compare the data with today’s market which chart/graph depiction would be best ?
a frequency polygon chart
an stacked chart
a histogram chart
a pie chart