Appendixes A-B-C

Deadline: 30.10.2021

Theoretical Exercises (Please provide short answers to each question. You can solve
exercises by hand, take a picture, and insert to the word file).

1. If the standard deviation of a data set is 4, what is the variance? Please calculate using the formula.

2. If the standard deviation of a data set is 6, what is the variance? Please calculate using the formula.

3. Please explain how standard deviation will change if you add a number to the data set, which is fat
away from the mean?

4. There are 23 marbles, each a different colour in a bag. One of them is pink. What is the probability
of reaching into the bag, without looking, and selecting a pink marble? Please also write the relevant
formula.

5. Please provide the definition and formula of the Standard Deviation.

6. Please provide the definition and formula of the Variance.

7. Please provide the definition of the Covariance.

8. Please provide the definition and formula of the Expected Value.

9. Consider X and Y variables, if the covariance value equals 0.7, this means:

10. Please calculate the sample standard deviation for the following data: 5, 10, 7, 12, 0, 20, 15, 22, 8,
2.

11. Please calculate the sample standard deviation for the following data: 5, 10, 7, 12, 0, 20, 15, 22, 8,
2, 3, 6, 9, 11.

12. What is the Population and Sample in the following:

“Azerbaijan State University of Economics (UNEC) randomly selected 200 UNEC teachers to find
out how much they are satisfied with university examination policy. 45 teachers respond positively
while 40 teachers expressed their dissatisfaction and concerns. Remaining 20 teachers are neither
satisfied nor dissatisfied with university examination policy.”

13. Please provide the definition of the random variable.

14. What does Type I and Type II error mean? What does P-value mean in the hypothesis testing?

15. Please provide the formula of the probability of an outcome.

Page | 1
16. Please provide the definition of the Confidence Intervals.

17. Economic significance of a regression parameter relies on the practical interpretation (consistence
with theory) of the coefficient.

A) TRUE B) FALSE

Page | 2