LOG708 1 Applied Statistics

 Front page Log 708

Log 708 Exam Fall 2021

Date: 26.11.2021
Time: 09.00 - 13.00, including time for any practical and technical actions needed to hand in
your exam paper.
Supporting materials: All supporting materials permitted. It is not allowed to cooperate with
or receive help from others.
Number of questions in question set: There are 23 ordinary questions, plus four options
24-27 to upload results from your R work during the week. You should need only two of
those options, depending on your choice of solution format.

Technical, administrative or academic questions: +47 71 19 59 90

or studentweb@himolde.no

The following marking with minor exceptions applies to the Exam:

Correct answers are awarded two points (+2)

Incorrect answers are deducted -1 point per answer
Unanswered questions receive no point (0)
This means if you have no clue about an answer, it will not pay off to just guess.

Note the little flag in the top right corner of each question page.

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The best of luck!

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 LOG708 1 Applied Statistics

1 Log 708 - probability 3

For a standard normal variable

a. find the probability : Give the answer with three decimals

b. find a number b such that : Give the answer with two decimals

2 Log 708 - probability 2

Suppose are uncorrelated random variables with mean 200 and standard deviation 20. If
, find the mean and standard deviation of
Select one alternative:

mean=1600, std.dev=117

mean=1544, std.dev=132

mean=1600, std.dev=40

mean=400, std.dev=93

mean=1400, std.dev=117

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3 Log 708 - probability 4

Suppose the sales volume of milk in a supermarket is modeled with a normal random variable
with mean 500 and standard deviation 40. Find an inventory level such that the sales is below
with probability 0.95
Select one alternative:

551.3

565.8

434.2

862.4

593.1

4 Log 708 - probability 5

Suppose production of one unit of a product requires 5 units of material A, and 3 units of material
B. Suppose the future price is for materials A, B respectively. Assume
, where denotes a normal distribution. Assume prices
are correlated with coefficient 0.5. Let denote the total material cost of producing one unit. Find
the mean and standard deviation of
Select one alternative:

mean = 1000, stdev = 19.8

mean = 70, stdev = 25.0

mean = 140, stdev = 25.7

mean = 140, stdev = 48.1

mean = 180, stdev = 21.9

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5 Log 708 - data 1

The picture above shows histograms, based on data for four continuous variables W, X, Y, Z. For
which of these samples would you guess that the median gives a better representation of "typical
value" as compared to the mean?
Select one or more alternatives:

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6 Log 708 - Data 2

The picture above shows histograms, based on data for four continuous variables W, X, Y, Z.
Which statement seems most correct?

Select one alternative:

For variables Y, Z the mean is larger than the median

For variables Y, Z the mean is smaller than the median

The mean and the median is roughly the same for all variables.

For variables W, X the mean is smaller than the median

For variables W, X the mean is larger than the median

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7 Data 3
Pick the (most) correct classification of the variable described in each row.

Please match the rows and columns:

Numerical Numerical Categorical Categorical

continuous discrete Nominal Ordinal

Major religion in a country

Number of children in a family

Price of a share in the stock

market

The town where a flat is located

(e.g Molde, Kristiansund,
Ålesund)

Annual revenue for a company

education level (primary school,

high school, ..., master, phD)

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8 Data 4
For each descriptive measure or graphic, pick the suitable variable type for its use.

Please match the rows and columns:

Categorical Numerical

Frequency table

Bar chart

Standard deviation

Scatterplot

Boxplot

Mean value

9 Log 708 Inference 1

Suppose we sample observations for a variable and we want to estimate the
mean of using the sample average as the obvious estimator. What do we mean by a
"sampling distribution" in this context?
Select one alternative:

The probability distribution of

The probability distribution of the sampled variable

The distribution of the data on the line

The distribution of questions asked to the sampled people

None of the alternatives

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10 Log 708 - Inference 2

In the estimation of a population mean we have a sample of observations, resulting in
a sample mean = 55, with sample standard deviation . When calculating a 95%
confidence interval the upper limit is closest to:
Select one alternative:

57

64

56.6

55.8

58

11 Log 708 - Inference 4

In the estimation of a population mean we have a sample of observations, resulting in
a sample mean , with sample standard deviation . Suppose we want to test
hypotheses . The relevant test statistic has the observed value
Select one alternative:

0.2

55.8

0.5

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12 Log 708 - Inference 5

Suppose we want to estimate the proportion of smokers among students. In a sample of 400
students, we find 20 smokers. The upper limit in a 95% confidence interval for is
Select one alternative:

0.063

0.075

0.071

0.080

0.065

13 Log 708 - Inference 6

Suppose is the proportion of smokers among students. In a sample of 400 students, we find 20
smokers. We want to use the data to test hypotheses . In
this case, the observed value for the relevant test statistic, and P-value for the test is
Select one alternative:

-1, 0.16

0.080, 0.532

-2.21, 0.014

-12, 0.000

-2.21, 0.986

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14 Log 708 - Inference 7

Suppose we compute a 95% confidence interval for a mean based on sample size
and we get as result.
Select true statements

With sample size we get a wider confidence interval, given other data are the
same

A 99% confidence interval with the same data will be wider.

is equal to one of the endpoints in the interval

The result indicates that

Suppose we run a hypothesis test of based on a sample of size

. The significance level is set at 0.05

Select true statements

If we must reject

The test statistic will be approximately distributed under

If the P-value for the test is less than 0.05, we must reject

The test statistic involves the difference , the sample standard deviation and the
sample size

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15 Log 708 - regression 1

Consider a general regression model (1)
In the model (1) the term represents the effect of
Select one alternative:

All factors that affect the dependent variable while not being included in the model.

All irrelevant variables

The nonlinear effect of the independent variables

None of the listed alternatives

All factors correlated to the independent variables.

16 Log 708 - regression 2

Consider a general regression model
In this model, the parameters represents
Select one alternative:

The P-value when testing against a two-sided alternative

The correlation between and

None of the listed alternatives

The correlation between and

The marginal effect of the independent variable on

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17 Log708 - regression 3

Consider the estimated regression model above, where numbers in (---) are the standard errors
of the coeffient estimates. If increases with one unit, then the expected will

Select one alternative:

increase by 3.1

increase by 1.96 * 3.1

increase by 3.1%

Increase by 0.55

increase by 3.1 + 1.96 * 0.59

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18 Log 708 - regression 4

Consider the regression results above, where numbers in (---) are standard errors of coefficient
estimates. What percentage of the total variation in data is explained by
Select one alternative:

5.2%

80% because 0.59+0.21 = 0.80

59%

45%

55%

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19 Log 708 - regression 5

Consider the regression results above, where numbers in (---) are standard errors of
coefficient estimates. The "theoretical model" that is estimated here is

The standard test for is .

By "t-value" below, we mean the observed value of the t statistic for this test. Based on the
results, and using significance level 0.05,
Select one alternative:

The t-value is 0.1, we reject the null hypothesis

The t-value is 1.89, we do not reject the null hypothesis.

The t-value is 0.1, we do not reject the null hypothesis.

The t-value is 10, we do not reject the null hypothesis

The t-value is 10, we reject the null hypothesis

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20 Log 708 - regression 6

Consider the regression results above, where numbers in (---) are standard errors of
coefficient estimates. The "theoretical model" that is estimated here is

We want to find a 95% confidence interval for . The upper limit in such an interval is
Select one alternative:

5.25

6.67

4.26

5.67

3.69

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21 708 - regression - 7

Consider the regression results above, where numbers in (---) are standard errors of
coefficient estimates. Suppose one of the observations in the data is .
The corresponding residual is
Select one alternative:

-3.2

4.4

0.8

5.8

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22 Log 708 - regression 8

Consider the regression results above, where numbers in (---) are standard errors of
coefficient estimates. The "theoretical model" that is estimated here is

Suppose we want to test .

By t below, we mean the observed value of the t statistic for this test, while P is the
corresponding P-value.
Select one alternative:

t = 5.25, P = 0.000

t = 1.35, P = 0.088

t = 0.59, P = 0.29

t = 3.56, P = 1.000

t = 3.56, P = 0.000

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23 Log 708 - regression 9

Consider the regression results above, where numbers in (---) are standard errors of
coefficient estimates. The "theoretical model" that is estimated here is

If we calculate a 95% confidence interval for , the upper limit would be approximately
Select one alternative:

4.2

2.31

2.96

3.03

2.51

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24 Upload report (html, pdf, word)

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(html, pdf or word document).

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25 Upload R markdown file

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 LOG708 1 Applied Statistics

26 Upload R script
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27 Upload text document

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with discussions, (e.g. word), upload your file here.

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