 Question 1

0.4 out of 0.4 points

A sample of five Fortune 500 companies showed the following revenues ($
millions): 7505.0, 2904.7, 7208.4, 6819.0, and 19500.0. Based on this
information, which of the following statements is correct?

Selected b. 
Answer: An estimate of the average revenue for all Fortune 500
companies is 8787.42 ($ millions).

 Question 2
0.6 out of 0.6 points
A survey of 400 college seniors resulted in the following crosstabulation
regarding their undergraduate major and whether or not they plan to go to
graduate school. Of those students who are majoring in business, what
percentage plans to go to graduate school?

    Undergraduate Major  
  Graduate School Business Engineering Others Total
  Yes   35   42   63 140
  No   91 104   65 260
  Total 126 146 128 400

Selected d. 
Answer: 27.78

 Question 3
1.1 out of 1.1 points
You invested $4,500 in a project which gave you a return of 12.5% the 1st year. 
You were quite happy, but the 2nd year wasn't as good.  You lost 3.3% that
year.  The 3rd year was better - you made 5.5% on  this investment.   What was
your annual average rate of return over the three years? 
 Selected 0.0469
Answer:

 Question 4
0 out of 0.8 points
If the middle  68% of the 7th graders kids in a school are in the range of 5' 1" 
and 5' 9", what is the standard deviation (in inches)? Note:  Assume Normal
Distribution as 68% is typically used for Normal Distribution.

Selected 4.8
Answer:

 Question 5
0 out of 0.3 points
In a sample of 800 students in a university, 160, or 20%, are Business majors.
Based on the above information, the school's paper reported that "20% of all
the students at the university are Business majors." This report is an example of

Selected a. 
Answer: descriptive statistics

 Question 6
1.1 out of 1.1 points
In order to study the effectiveness of a training program,  President Kirkman
randomly picks 5 employees and records the respective time taken in
assembling Part K.  If the times are  9, 7, 5, 5, and 7 minutes, what is the
standard deviation?

Selected 1.6598
Answer:

 Question 7
0.48 out of 0.8 points
 Match the following:

Question Selected Match

Covariance can be B. 

Any number

Correlation can be F. 

between -1 and +1
only

What gets affected most by the extreme values? E. 

Mean

If you are calculating the variance of a sample, you A. 

divide by (n-1)

Variance is always larger than standard deviation. C. 

True

 Question 8
0.8 out of 0.8 points
Given the 5-number summary   8,  25,  30,  47, 75,  What is the Inter Quartile
Range?

Selected Answer: 22

 Question 9
0 out of 0.8 points
Mr. Finch has 8 plants in his backyard.  These are   12.9, 8.3, 5.7, 10.6, 7.4, 9.8,
1.5 and 12.5 feet tall.  What is the 25th percentile?  Hint:  Do the way we did in
the class, not the way our book has done.
 Selected Answer: 7.85

 Question 10
0.8 out of 0.8 points
The 5-number summary for test # 2 is 17.1, 53.4, 61.2, 67.3, and 76.  What is the
left whisker? 

Selected 32.55
Answer:

 Question 11
0 out of 0.8 points
The 5-number summary for test # 2 is 20.9, 53.5, 62.7, 74.8, and 78.  What is the
right whisker? 

Selected 106.75
Answer:

 Question 12
0.3 out of 0.3 points
The average age in a sample of 90 students at City College is 20. As a result of
this sample, it can be concluded that the average age of all the students at City
College

Selected d. 
Answer: could be larger, smaller, or equal to 20

 Question 13
0.8 out of 0.8 points
The average closing price of a stock has been calculated to be $14 and the
corresponding variance to be $473.  What is the coefficient of variation?
 Selected 1.5535
Answer:

 Question 14
1 out of 1 points
Using Chebysheff's theorm, you have concluded that at least 65.57% of the
2,803 runners took between 56.7 and 87.1 minutes to complete the 10km race. 
What was the standard deviation  of these 2,803 runners?

Selected 8.9189
Answer:

 Question 15
0.8 out of 0.8 points
What will be the range for the 8 students who make 7.2, 14.4, 11.9, 9.8, 10.6,
15.4, 18.5, and 9.9 dollars / hour?

Selected Answer: 11.3

 Question 16
0 out of 1 points
You went shopping and bought 5 items  the prices of which are  $9, $7, $7, $5,
and $9. What is the standard deviation?

Selected 4.1569
Answer:

 Question 17
0.8 out of 0.8 points
2,542 runners who took part in a 10km race had an average time of 1 hr and 11
minutes.  The standard deviation was 12 minutes.  Using Chebysheff's
theorem, determine at least how many runners had a running time between  53
minutes and 89 minutes?

Selected 1,412.2223
Answer: