STA mo Fim eam Phockico 63 MULTIPLE CHOICE. Choose the one alternative that best completes th statement or answer the question. ‘The following boxplts show monthly sales revenue Figures (§ thousands) fora discount offic supply company with Toaations in three diferent regione ofthe US, (Northeart Southeast, and Wes. 1) Which ofthe following statements true? » {A) The northeast has the highest median sales revenue. 2B) The suthenet ha he lowest mean sles revenee. (The west has the lowest median sles evens 1D) The northeast has the lowest median sale evens ) None the oher answers is coed. aaigutes (in units) and number of months of expirence onthe ob for 3 “Te flloing caterplt shows monthly sale sample of 19 salespeople Scent of Seve baerince 2) Refersing tothe scaterpot shove, the assocation between monthly sales and level of eperience 2) canbe deserted os ‘A) nagauve and strong, 1B) postive nd weak ) negatveand weak, 1) postive and strong. 5) onlin 3) Reerting tothe seaterpot above, the coreation between monthly sales and lve of experience is 3) most aly ‘4) 0924 5) -0265. oso yous. 5000 4) A seve of banks revealed the fellosing dstibution forthe intrest ate being charged on shore 4) loan (based ona 30-year morgage with 210% down payment. Probabiiy Wa bankisstted at random from this dstbution, whats the chance thatthe interest ate sharged ona Homeloan wil bees than 510% ? "a) 008 039 ‘coat 100 ass a2An olcholawarenestath force at a Blg-Ten university sampled 200 students alter the midterm to ask them whither they ‘nent bar hopping the weekend before the midterm oe spent the weekend staying and whether they di well poorly om the midtrm, The lowing esl was obtained. [Did Wel on Midterm 7a oly on ie Isayng or Bam 0 I [Went Bs Flopping br '5)Raering to the Table above, whats the probably that a randomly selected student who studled forthe am di poorly onthe midterm? 'A) 2090 oF 257% 1) 20000 or 10% ©) 20000 08 20% D)2070or 23.66% 5 1092000107200) 0 27.50% 6 i we new thatthe length of time itakesa colege student ein a parking spot inthe brary parking ot follows norma distibotion with a mean of 35 minutes anda standard deviation of rime ind the probability tata randonrly selected collage stadet wil ake between 15 and 45 ‘inutste finda parking spot in telibrary poking ot. Ay09123 5) 08185 ‘Gosns pyosr 00s 7) ina"el-shaped" norma distibution percent of th observations wil be contained ‘within 2tandard deviaons around the aimee mean. Ay e826 3)977 O97 pss 2500 £5 Suppose a 95% confidence interval for hasbeen constructed. I tis decided to construct 50% ontidrce interval forthe sme imp, he new conidence interval (e 1990% confidence Inte will ‘A benarrowerthan the cures iteval width 1) belarger than the current interval with ©) beuirknow uni actsl sample sizes and reliably loves were determined Dpnone ofthe other answers iscorec beth sre ge thecurent interval width 45) you were construing 99% confidence interval of the poputin mean based ona smpe of 1 1230 where the standard deviation ofthe sample §=0.05, thecal value of willbe 1A) 2600 1) 27564 ©) 27300 27968 pawn 10) A university dean is interes in determining the proportion of students who receive some sort of financial a, Rather than examine the records fr al student, the dean randomly sles 200 ‘dent and ins tht 118 of ther ae eecsving inca id The 95% confidence interval for {059 27 Inerret this interval 'A) We ae 95% confident thatthe true propertio ofall students reciving nancial id is between 052 and O86. ') Wo sr 95% confident that between 52% and 6% ofthe sampled students eeive some sort offinanca (€) 9% ofthe stents get between 52% and 66% af tel tition pa forby financial a 1) 8% of the stents the college ae on some sot f Finacial aid } We are 95% confident that 39% ofthe stadens are on some sort of fnancal ad as 9 6 a ® » 119 A major department store chains ineested in estimating te mean amount its ret card » ‘customers spent on the fst vist othe ehale's new store in the mal. Fite ere cord accounts ‘were andoml, sampled and analyzed with the following reps: ¥=S3050 and § wat. Construct 3 ‘95% confdene interval for the mean amount its cred cae customers spent on thee is si 0 ‘he chain's new store in the mall assuming thatthe amount spent flows. normal dsebation 1)$505028129, 3) $5050 = 51661 9) s#050251651 Dy si0s0=51366 )ss030251100, 12) AType Lertoris commited when 2 A) you reject nul hypothe thats tre, 3) you rjc ul hypothe hai fs, {) you dont eject nil hypothesis that fase, 1) you dont eee nul hypothesis hat tre, ) nenecf theabove 15) An entrepreneurs considering the purchase fa cin-operatd laundry. The current ewer aims 13) that ove the pst five yor, the mean cy revenue was S67 sample of 25 day ovale a daly mean evenueof 628 witha simple anda devston of 10H you were to text Ser hypothesis tht the dily mean revenue wat 67S which et woul you use? ‘A Zt of» population proportion 8) testo population mean () tes of population proportion 1) Ztestofs population mesn Ea chlesqane test 1M) An organization wants to estimate the percent of peopel ait that arin avorof are parks 1) rogram, Theorgaizatin wants the plus and mir error swith 45% lve of cnfidence ‘The organization has never conducted research on this question zo they da ot know what petenlagetoepectin te survey. What sample sizes esded,? ‘A)neLO68 B) 752 Cynaats Dyneeor Bass Insurance companies rc fe expectancy information to asst in determining the oa of We nsurance polices Five years ‘2go the average life expeancy of al payholders wat 7 eats AB Insurance wants to determi if clots now have 8 Longe life expectancy compared to five yeas aga on averag, sl randemy samples some of ksrecenily pod plies, The fasurance company wil ely change its premium stctare if there is evidence that people who buy thelr polices now ae living longer than they wae five yrs ago. The sample has a mean of 784 years an a standart deviation of 48 years, BTS Se aE 7185 | 70] Te] ORL S| Ta eR 15) Which othe elowing are the correct ul aid slematve hypotheses? 1» A) Hop's 72nd Hi: > 77 1B) Ho:y27" and Fy: <7, © Hoy > 77 and i: = 77 D) Ho: y= 77 and Hy: 4277, 5) Hosp 277 and M1: = 77 A16) A politica researcher wants to see what percent of voles suppor the mayor's polices Last weok, 16) fe found that of voters supported the mayer’ polices bute thinks that thas incrssed ‘Shee then, What are the approprite hypotheses? (A) Ho: W=.60 v8 Hy: #60 B) Hy: s 60's Hyrm> 60 ©) Ho: =60vs Hy «60 Dy 4.60 vs Hy w> 60 ynone ofthe above 17) How many tissues should the Kimberly Clark Corporation package of Kieenex Sconain? ” Reseorchers determine that 6 sues fhe mean numberof sues used dung = cold. Suppose 2 random simple of 100 Kleenex users yielded the lowing data on thenumbr of tse used during colt: X=55,$=22, Using the spl information provide, caculte the vale ofthe test tiie A) t= 68-60) / 21100) Byte 65-50)/22 f= @5-@)/ 210) t= @8—ea)/ 2/002) 18) fan economist wishes to determine wheter there is evidence that mean family income in 3 1%) community isles than $5000, ‘A ethene or o-allst ould be used with equivalent rests 1B) stwortall txt shouldbe utilize ©) one-talltest shouldbe ubzed. 1) bath one-tail and otal et wil be neoded 5) none ofthe above ‘Areporton the US. economy indicates that 28% of American tho are buying homes have experienced fic in ‘sting morgage payment inthe an year, A rnin ple f 20 aula who sre buying homes ind tha 168 have {xperence iffy in making morgage poymens. We ae intrested tose thee isevidence thatthe reported peteenoge of 28% is incorel, Iti decided To doa est with t= O05, 1) The et tte Z fr this tas 1») "A)estaMO By zw SBS C)a=19654 D202 ABOT 2 tn testing fo liferencesin either direction between the means of two iedependent populations, 20) ‘he nll Rypothessis A) Ho: ut =P 2) Mo: 61 2: O Hen = 9222 Dye: nn ~H2 <2 He 22 as"tis believed that GPA (grade pint average, based ona four-point cle) should have 2 postive liner relationship with "ACT scores. Given below isthe Mierosft¥ Exel output for predicting GPA using ACT sees hae nan wo ight ‘andomly chosen stadens from 3 Big Ten univers. —Ragesion Sara Maple 07508 R Square 0577 Adjusted Square 0.5069 Standard Eror 02691 (Observations 5 ANOVA a ss a Scene Regrestion T Oso 05940 8.1986 0.0286 Residual 6 04347 00724 Tava i 10787 Coaiiens Standard Error iat —Prvalue Lower 93%7 — Upper 05% Tereept 05681 09288 0611905630 1706 2898 Act, x02 0.0336 28633 0.0286 0148 0.195 2) Referring tothe MS Excel output the interpretation ofthe coin of determination inthis 21) rmpesion is a 'A)GPA accounts for 3774% of the variably of ACT sores. 8) More than 20% ofthe total variation in GPA can be explined by ACT scores ©) More thon 3% of he total variation in ACT sere can be explained by GPA, 1) 2651% of he otal variation in GPA can be explained by ACT sores ) 7394% ofthe total variation in ACT scores can be explained by GPA. 22 fetersng to the MS Excel ouput, what the predicted vale of GPA when ACT = 227 2 ays. — 3)266 281 D261 ) none the above a623) A researchers in eng wheter alo of plaza ade by 0 rent plzeriasharthesame 23) ‘unter ofcres “The prinout bow sas tne IS Enel up fort een — arcane Pravaear aT Toateat one Fron Frstwoar rooaces Refering tothe print shove wold est dns a5 sgicace eel, wit tree evalu) Ouse? A) L108 B) 21.7109 6) 220899 byszasn pam 24) To Referring to the piu koe, eng wheter ace of pz made by two dient pizras has tbe 24) same number of caries, hich ofthe following are the hypotheses being ested? A Hop = wer Ha a # 2 2B) Hos By Re versus My: # No 6) Hos By = Revers ty: By 2 Rp ) Horr & wer Hawa = 2 noneof the above 25) Refecring tothe pina above the auld valu ofthe t-statistic is » A) 4229 B29 cyan Dy-17t pomsAnswer Key. ‘Testname: FINAL_V7_NIGHT_LB pa aD 3c DE aC OB nD BA 98 A mp mA 198 wD HA 168 me wc DE aa ze zc BC wa 2A As