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Material Type: Exam; Professor: Kim; Class: Business Statistics; Subject: Business Administration; University: Dalton State College; Term: Summer 2011;
Typology: Exams
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Title: Exam Started: June 28, 2011 10:55 AM Submitted: June 28, 2011 12:24 PM Time spent: 01:28: Total score: Total score adjusted by 0.0 Maximum possible score: 45 1-2 Direction 1. I pledge my honor that all the work on this test is my own. Student Response Value Correct Answer Feedback A. Agree^ 100% B. Do not agree (Choosing this choice will render your exam invalid and result in zero.) Score: 0/ 2.
0=no). "Size" is a Student Response Value Correct Answer Feedback A. numerical B. categorical, nominal variable C. categorical, ordinal variable
General Feedback: Ch2-6. Distinguish different types of variables. Score: 1/ 4. Refer to the table shown in Question 3. The variable "Cars" is a Student Response Value Correct Answer Feedback A. numerical variable
B. categorical, nominal variable C. categorical, ordinal variable General Feedback: Ch2-6. Distinguish different types of variables. Score: 1/ 5. Refer to the table shown in Question 3. "OwnForeign" is a Student Response Value Correct Answer Feedback A. numerical
Score: 1/ 8. Refer to the dataset in question 7. What is the mode? Student Response Value Correct Answer
B. equal to C. less than General Feedback: Ch2-9. What kind of insight can you get from a histogram? The mean is pulled toward the longer tail due to the extreme values in the tail. Score: 1/ 10. Refer to the histogram in question 9. What numerical measure do you recommend for the central tendency (that is, a typical value) of the family income? Student Response Value Correct Answer Feedback A. mean B. median^ 100% C. mode
Student Response Value Correct Answer Feedback D. IQR General Feedback: Ch3-2. When is a median better measure for a central location than a mean? (p. 93) Score: 1/ 11. Refer to the histogram in question 9. The box-plot should be used to find potential outliers instead of the empirical rules. Student Response Value Correct Answer Feedback A. True^ 100% B. False General Feedback: Ch3-11. What are the empirical rules of the standard deviation? (p.
Score: 1/ 12. After a certain exam, the 80th percentile of the scores is found to be 75. Then, about 80% of the students who took exam scored 75 or less. Student Response Value Correct Answer True 100% True General Feedback: Ch3-4. What is the interpretation of a quartile or percentile? Score: 1/ 13. The measure of location which is the most likely to be influenced by extreme values in the data set is the Student Response Value Correct Answer Feedback A. IQR^ 0% B. median C. mode
Score: 1/ 16. Q1, Q2 and Q3 of a certain sample is 40, 47 and 50, respectively. What is the value of the end of the upper whisker of the following box plot? Student Response Value Correct Answer
General Feedback: Ch3-11. What are the empirical rules of the standard deviation? (p.
Since the distribution is roughly symmetric, the empirical rules can be applied. Mean +/- 3 * standard deviation contains about 99.7% of NORMAL data. Therefore, observations less than the lower limit or those greater than the upper limit are considered outliers. Upper limit = 20 + 3*5 = 35. Therefore, 36 is an outlier. Score: 1/ 19. Refer to question 18. An observation with value of 40 is considered an outlier. Student Response Value Correct Answer True 100% True General Feedback: Ch3-11. What are the empirical rules of the standard deviation? (p.
40 > Upper limit = 35. Therefore, 40 is an outlier. Score: 1/ 20. Variables Q and R have the correlation of 0.89. When Q is 5, R is 10. If Q = 3, then R is Student Response Value Correct Answer Feedback A. likely to be less than 10
B. likely to be greater than 10 General Feedback: Ch3-14. Can you compute and interpret the correlation? The correlation is positive. Therefore, when one variable decreases (increases), the other also decreases (increases). Since Q decreases from 5 to 3, R is likely to decrease from 10 to a smaller value. Score: 1/ 21. The correlation between X and Y is -0.35. The correlation between X and Z is 0.55. The linear relationship between X and Y is weaker than that between X and Z.
Student Response Value Correct Answer Feedback B. A: the even numbers; B: the numbers greater than 10 C. A: the numbers above 100; B: the numbers less than - 200
D. A: negative numbers; B: odd numbers General Feedback: Ch5-RQ2. What are mutually exclusive events? (p. 208) Mutually exclusive events cannot happen together (or have nothing in common). Score: 1/ 25. If A and B are independent events with P(A) = 0.40, P(B) = 0.50. The probability of A and B happen at the same time is Student Response Value Correct Answer
General Feedback: Ch5-RQ1. Do you know the rule of complements? (p. 208) Answer: The event (X > 20) is the complement of (X < 20). Therefore, P(X >
Student Response Value Correct Answer Equals 0.19 (100%) General Feedback: @Answer:
Method 1: = P(X = 2, 3, 4, 5) = P(X=2) + P(X=3) + P(X=4) + P(X=5) = .19
Method 2: = P(X <=5) - P(X<=1) = binomdist(5,20,.4, 1)- binomdist(1,20,.4, 1) =. Score: 2/ 33-37 Data Analysis 33. Answer the following questions based on this dataset (Click the link to download the dataset. Remember to save the file first.). Median salary is Student Response Value Correct Answer
Score: 0/ New score: 2/2 This score has been adjusted by the grader. 37. Refer to the dataset in question 33. The difference between average salaries of male and female employees is $1.-----. Student Response Value Correct Answer