Sample Final Examination - Attempt Review Have Answers

17/12/2021, 19:25 Sample Final Examination: Attempt review
Question 1 Complete Mark 1.00 out of 1.00
A marketing class of 50 students evaluated the instructor using the following scale: superior, good, average,
poor, or inferior. The descriptive summary showed the following survey results: 2% superior, 8% good, 45%
average, 45% poor, and 0% inferior.
a. The instructor's performance was inferior.
b. No conclusions can be made.
c. The instructor's performance was great!
d. Most students rated the instructor as poor or average.
The correct answer is: Most students rated the instructor as poor or average.
An example of a qualitative variable is
a. color of ink in a pen.
b. miles between oil changes.
c. number of children in a family.
d. weight of a person.
The correct answer is: color of ink in a pen.
A data set with two values that are tied for the highest number of occurrences is called bimodal.
Select one:
True
False
The correct answer is 'True'.
https://voduchoangvu.vn/moodle/mod/quiz/review.php?attempt=3964&cmid=294&showall=1 1/23
Which is not a measure of variability?
Select one:
A. Mean absolute deviation (MAD)
B. Range
C. Coefficient of variation
D. Trimmed mean
The correct answer is: Trimmed mean
In a contingency table, the probability of the union of two events is found by taking the frequency of the
intersection of the two events and dividing by the total.
Select one:
True
False
The correct answer is 'False'.
If two events are complementary, then we know that
Select one:
A. the joint probability of the two events is one.
B. they are independent events.
C. the sum of their probabilities is one.
D. their intersection has a nonzero probability.
The correct answer is: the sum of their probabilities is one.
A stock portfolio consists of two stocks X and Y. Their daily closing prices are correlated random variables with
variances σX2 = 3.51 and σY2 = 5.22, and covariance σXY = -1.55. What is the standard deviation of the sum
of the closing prices of these two stocks?
Select one:
A. 5.63
B. 2.68
C. 7.18
D. 8.73
The correct answer is: 2.68
On a particular day, 112 of 280 passengers on a particular DTW-LAX flight used the e-ticket check-in kiosk to
obtain boarding passes. In a random sample of eight passengers, use the binomial model to find
the approximate hypergeometric probability that four will have used the e-ticket check-in kiosk to obtain
boarding passes.
Select one:
A. .5613
B. .2322
C. .2926
D. .8263
The correct answer is: .2322
The normal distribution is a good approximation to the binomial when n is greater than or equal to 10.
Select one:
True
False
The price-earnings ratio for firms in a certain industry follows the normal distribution. In this industry, a firm
whose price-earnings ratio has a standardized value of z = 1.00 is approximately in the highest __________
percent of firms in the industry.
a. 34 percent
b. 16 percent
c. 68 percent
d. 75 percent
The correct answer is: 16 percent
Question 11 Complete Marked out of 1.00
Read the news story below. Using the 95 percent confidence level, what sample size would be needed to
estimate the true proportion of stores selling cigarettes to minors with an error of ± 3 percent? Explain carefully,
showing all steps in your reasoning.

Decoys Catch Stores in Cigarette-Sale Sting

The Tri-Cities Tobacco Reduction coalition recently sent three underage

teenagers out to see whether they could buy cigarettes from stores in Detroit and
Highland Park. The results were not good..

Of the 320 stores checked, 82 sold cigarettes to the teens, who were between the
ages of 15 and 17. People must be 18 to legally buy cigarettes in Michigan. When
the age of the buyer is not clear, the retailer is supposed to check the buyer’s ID.
The stores that sold the cigarettes will face fines.

Source: Detroit Free Press, March 19, 2001, p. 2C.
95 percent confidence interval --> level of significant = 0.05 percent

Z value for two tails = 1.96
Error = 3 percent
--> sample size for proportion = (Z-value for two tails divided the Error)^2 x 0.5(1-0.5) = 1067
We could narrow a 95 percent confidence interval by
Select one:
A. using a larger sample.
B. raising the standard error.
C. using 99 percent confidence.
The correct answer is: using a larger sample.
The efficiency of an estimator depends on the variance of the estimator's sampling distribution.
Select one:
True
False
The distribution of the sample proportion p = x/n is normal when n ≥ 30.
Select one:
True
False
All estimators are biased since sampling error always exists to some extent.
Select one:
True
False
To estimate a proportion with a 4 percent margin of error and a 95 percent confidence level, the required
sample size is over 800.
Select one:
True
False
The standard error of the mean decreases when
Select one:
A. the standard deviation increases.
B. the standard deviation decreases or n increases.
C. the population size decreases.
D. the sample size decreases.
The correct answer is: the standard deviation decreases or n increases.
If a normal population has parameters μ = 40 and σ = 8, then for a sample size n = 4
Select one:
A. the standard error of the sample mean is approximately 2.
B. the standard error of the sample mean is approximately 8.
C. the standard error of the sample mean is approximately 4.
D. the standard error of the sample mean is approximately 10.
The correct answer is: the standard error of the sample mean is approximately 4.
The sample standard deviation s is halfway between the lower and upper confidence limits for the
population σ (i.e., the confidence interval is symmetric around s).
Select one:
True
False
The sample proportion is in the middle of the confidence interval for the population proportion
Select one:
A. in any sample.
B. only if the samples are large.
C. only if π is not too far from .50.
The correct answer is: in any sample.
Last year, 10 percent of all teenagers purchased a new iPhone. This year, a sample of 260 randomly chosen
teenagers showed that 39 had purchased a new iPhone. To test whether the percentage has risen, the critical
value at α = .05 is
a. 1.960.
b. 1.645.
c. 1.697.
d. 1.658.
The correct answer is: 1.645.
In a left-tailed test, a statistician got a z test statistic of −1.720. What is the p-value?
a. .0301
b. .0427
c. .4292
d. .0709
If we choose α = .10, then a p-value = .078 would lead us to reject the null hypothesis.
Select one:
True
False
Which of the following is not a characteristic of the t distribution?
a. It is a continuous distribution.
b. It has a mean of zero.
c. It a symmetric distribution.
d. It is similar to the z distribution when n is small.
The correct answer is: It is similar to the z distribution when n is small.
"I believe your airplane's engine is sound," states the mechanic. "I've been over it carefully, and can't see
anything wrong. I'd be happy to tear the engine down completely for an internal inspection at a cost of $1,500.
But I believe that roughness you heard in the engine on your last flight was probably just a bit of water in the
fuel, which passed harmlessly through the engine and is now gone." If the pilot decides to have the mechanic
perform the internal inspection, the cost of Type I error is
a. the pilot will experience the thrill of no-engine flight.
b. the pilot will be out $1,500 unnecessarily.
c. the mechanic will lose a good customer.
d. impossible to determine without knowing α.
The correct answer is: the pilot will be out $1,500 unnecessarily.
The critical value in a hypothesis test
a. is a cutoff between the rejection and nonrejection regions .
b. is a contradictory result from a different test.
c. is another name for level of significance.
d. is a test statistic calculated from the sample.
The correct answer is: is a cutoff between the rejection and nonrejection regions .
If a judge acquits every defendant, the judge will never commit a Type I error. ( H0 is the hypothesis of
innocence.)
Select one:
True
False
Dullco Manufacturing claims that its alkaline batteries last at least 40 hours on average in a certain type of
portable CD player. But tests on a random sample of 18 batteries from a day's large production run showed a
mean battery life of 37.8 hours with a standard deviation of 5.4 hours. To test DullCo's hypothesis, the p-value
is
a. uncertain without knowing α.
b. slightly greater than .05.
c. exactly equal to .05.
d. slightly less than .05.
The correct answer is: slightly greater than .05.
We can assume that the sample proportion is normally distributed if
a. the population is known.
b. we have 10 failures in the sample.
c. we have both 10 successes and 10 failures in the sample.
d. we have 10 successes in the sample.
The correct answer is: we have both 10 successes and 10 failures in the sample.
For a mean, we would expect the test statistic to be near zero if the null hypothesis is true.
Select one:
True
False
Group 1 has a mean of 13.4 and group 2 has a mean of 15.2. Both populations are known to have a variance
of 9.0 and each sample consists of 18 items. What is the test statistic to test for equality of population means?
Select one:
A. −1.285
B. −1.800
C. −1.643
D. −1.755
The correct answer is: −1.800
The table below shows two samples taken to compare the mean age of individuals who purchased the iPhone
3G at two AT&T store locations.

Statistic Ann Arbor Livonia

Mean 25.817 31.248
St Dev 4.389 1.874
Sample size 7 10
At α = .05, can you conclude that the first sample has a larger variance than the second sample?
Select one:
A. No.
B. Yes, but just barely.
C. Yes, clearly.
The correct answer is: Yes, clearly.
The critical value in an F test for equal variances is the ratio of the sample variances.
Select one:
True
False
We could use the same data set for two independent samples (i.e., two columns of data) either to compare the
means (t-test) or to compare the variances (F test).
Select one:
True
False
Of 200 youthful gamers (under 18) who tried the new Z-Box-Plus game, 160 rated it "excellent," compared with
only 144 of 200 adult gamers (18 or over). The p-value for a right-tailed test to compare the two proportions
would be approximately
Select one:
A. .042
B. .054
C. .031
D. .095
During a test period, an experimental group of 10 vehicles using an 85 percent ethanol-gasoline mixture
showed mean CO2 emissions of 240 pounds per 100 miles, with a standard deviation of 20 pounds. A control
group of 14 vehicles using regular gasoline showed mean CO2 emissions of 252 pounds per 100 miles with a
standard deviation of 15 pounds. A quick comparison of the sample variances suggests that the population
variances are
Select one:
A. probably unequal.
B. probably equal.
C. incomparable.
The correct answer is: probably equal.
When using independent samples to test the difference between two population means, a pooled variance is
used if the population variances are unknown and assumed equal.
Select one:
True
False
A corporate analyst is testing whether mean inventory turnover has increased. Inventory turnover in six
randomly chosen product distribution centers (PDCs) is shown.

This Year Last Year

PDC
5.1 4.1
1
PDC
3.9 2.9
2
PDC
4.8 2.8
3
PDC
3.4 3.4
4
PDC
4.6 2.6
5
PDC
7.7 4.7
6
The value of the test statistic is
Select one:
A. 3.503
B. 3.798
C. 2.449
D. 1.225
Which Excel function would give the critical value for a left-tailed F test to compare two sample variances?
Select one:
A. =F.DIST(s12/s22, df1,df2)
B. =F.INV(α/2, df1,df2)
C. =F.INV(α, df1,df2)
D. =1−F.DIST(s12/s22, df1,df2)
The correct answer is: =F.INV(α, df1,df2)
Two well-known aviation training schools are being compared using random samples of their graduates. It is
found that 70 of 140 graduates of Fly-More Academy passed their FAA exams on the first try, compared with
104 of 260 graduates of Blue Yonder Institute. In a right-tailed test, the p-value is .0275, so at α = .025 we
should
Select one:
A. not reject the hypothesis of equal proportions.
B. change the α to .05 to get a rejection.
C. reject the hypothesis of equal proportions.
The correct answer is: reject the hypothesis of equal proportions.
A firm is studying the effect of work shift and parts supplier on its defect rate (dependent variable is defects per
1000). The resulting ANOVA results are shown below (some information is missing).

The number of observations was
Select one:
a. 45
b. 37
c. 40
d. 44
The correct answer is: 45
Three - factor ANOVA is required if we have three treatment groups (i.e., three data columns).
Select one:
True
False
A firm is studying the effect of work shift and parts supplier on its defect rate (dependent variable is defects per
1000). The resulting ANOVA results are shown below (some information is missing).

At α = 0.01, the interaction effect is
Select one:
a. clearly insignificant.
b. almost but not quite significant.
c. clearly significant.
d. just barely significant.
The correct answer is: almost but not quite significant.
A multinational firm manufactures several types of 1280 × 1024 CRT displays in several locations. They
designed a sampling experiment to analyze the number of pixels per screen that have significant color
degradation after 52,560 hours (6 years of continuous use) using accelerated life testing. The
Excel ANOVA table for their experiment is shown below. Some table entries have been obscured. The
response variable (Y) is the number of degraded pixels in a given display.

How many countries were studied?
Select one:
a. 1
b. 4
c. 3
d. 2
The correct answer is: 3
Tukey's test with 7 groups would entail 21 comparisons of means.
Select one:
True
False
Three bottles of wine are tasted by three experts. Each rater assigns a rating (scale is from 1 = terrible to 10 =
superb). Which test would you use for the most obvious hypothesis?

Select one:
a. Two - factor ANOVA without replication.
b. One - factor ANOVA.
c. Two - factor ANOVA with replication.
d. t - test for independent means.
The correct answer is: Two - factor ANOVA without replication.
Refer to the following partial ANOVA results from Excel (some information is missing).

At α = .05, the critical F value for nozzle setting is
Select one:
a. 4.71
b. 3.68
c. 3.02
d. 4.75
Refer to the following partial ANOVA results from Excel (some information is missing).

Degrees of freedom for the F - test are
Select one:
a. 5, 22
b. impossible to determine.
c. 3, 20
d. 4, 21
The correct answer is: 3, 20
The within - treatment variation reflects
Select one:
a. variation explained by factors included in the ANOVA model.
b. variation among individuals of the same group.
c. variation between individuals in different groups.
d. variation that is not part of the ANOVA model.
The correct answer is: variation among individuals of the same group.
Comparison of c means in one - factor ANOVA can equivalently be done by using c individual t - tests

on c pairs of means at the same α.
Select one:
True
False
For a regression with 200 observations, we expect that about 10 residuals will exceed two standard errors.
Select one:
True
False
We would use a logistic regression model
Select one:
A. when the residuals are not normally distributed.
B. to predict an event that occurs or does not occur.

C. to estimate a log-linear trend in time series data.
D. with Excel's exponential trend regression model.
The correct answer is: to predict an event that occurs or does not occur.
In the population model yi = β0 + β1 xi + εi the βj are
Select one:
A. observable.
B. estimated.
C. parameters.
D. statistics.
The correct answer is: parameters.
A news network stated that a study had found a positive correlation between the number of children a worker
has and his or her earnings last year. You may conclude that
Select one:
A. causation is in serious doubt.
B. the data are erroneous because the correlation should be negative.
C. people should have more children so they can get better jobs.
D. statisticians have small families.
The correct answer is: causation is in serious doubt.
The critical value for a two-tailed test of H0: β1 = 0 at α = .05 in a simple regression with 22 observations is
Select one:
A. ±2.528
B. ±1.725
C. ±1.960
D. ±2.086
The correct answer is: ±2.086
A local trucking company fitted a regression to relate the travel time (days) of its shipments as a function of the
distance traveled (miles). The fitted regression is Time = −7.126 + .0214 Distance, based on a sample of 20
shipments. The estimated standard error of the slope is 0.0053. Find the critical value for a right-tailed test to
see if the slope is positive, using α = .05.
Select one:
A. 2.101
B. 2.552
C. 1.734
D. 1.960
A hypothesis test is conducted at the 5 percent level of significance to test whether the population correlation is
zero. If the sample consists of 25 observations and the correlation coefficient is .60, what is the computed test
statistic?
Select one:
A. 3.597
B. 1.960
C. 1.645
D. 2.071
A predictor that is significant in a one-tailed t-test will also be significant in a two-tailed test at the same level of
significance α.
Select one:
True
False
Find the sample correlation coefficient for the following data.

X Y
3 8
7 12
5 13
9 10
11 17
13 23
15 35
17 34
Select one:
A. .8911
B. .9124
C. .9822
D. .9556
Omission of a relevant predictor is a common source of model misspecification.
Select one:
True
False

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17/12/2021, 19:25 Sample Final Examination: Attempt review

Question 1 Complete Mark 1.00 out of 1.00

a. The instructor's performance was inferior.

b. No conclusions can be made.

c. The instructor's performance was great!

d. Most students rated the instructor as poor or average.

Question 2 Complete Mark 1.00 out of 1.00

An example of a qualitative variable is

a. color of ink in a pen.

b. miles between oil changes.

c. number of children in a family.

The correct answer is: color of ink in a pen.

Question 3 Complete Mark 1.00 out of 1.00

The correct answer is 'True'.

Question 4 Complete Mark 1.00 out of 1.00

Which is not a measure of variability?

The correct answer is: Trimmed mean

Question 5 Complete Mark 1.00 out of 1.00

The correct answer is 'False'.

Question 6 Complete Mark 1.00 out of 1.00

If two events are complementary, then we know that

C. the sum of their probabilities is one.

D. their intersection has a nonzero probability.

The correct answer is: the sum of their probabilities is one.

Question 7 Complete Mark 0.00 out of 1.00

The correct answer is: 2.68

Question 8 Complete Mark 0.00 out of 1.00

The correct answer is: .2322

Question 9 Complete Mark 1.00 out of 1.00

The correct answer is 'False'.

Question 10 Complete Mark 1.00 out of 1.00

The correct answer is: 16 percent

Question 11 Complete Marked out of 1.00

Decoys Catch Stores in Cigarette-Sale Sting

The Tri-Cities Tobacco Reduction coalition recently sent three underage

Source: Detroit Free Press, March 19, 2001, p. 2C.

95 percent confidence interval --> level of significant = 0.05 percent

Question 12 Complete Mark 0.00 out of 1.00

We could narrow a 95 percent confidence interval by

B. raising the standard error.

C. using 99 percent confidence.

The correct answer is: using a larger sample.

Question 13 Complete Mark 1.00 out of 1.00

The correct answer is 'True'.

Question 14 Complete Mark 1.00 out of 1.00

The distribution of the sample proportion p = x/n is normal when n ≥ 30.

The correct answer is 'False'.

Question 15 Complete Mark 1.00 out of 1.00

The correct answer is 'False'.

Question 16 Complete Mark 1.00 out of 1.00

The correct answer is 'False'.

Question 17 Complete Mark 1.00 out of 1.00

The standard error of the mean decreases when

B. the standard deviation decreases or n increases.

C. the population size decreases.

D. the sample size decreases.

The correct answer is: the standard deviation decreases or n increases.

Question 18 Complete Mark 1.00 out of 1.00