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Question 24: For which of the following scenarios am I most likely to utilize a Chi-squared test?
Question 25: I have calculated an interval to document the uncertainty in my estimate of the long-term
standard deviation I will experience in time to pay invoices in my business going forward. Baaed on this
information, this should be considered what type of interval?
Bonus Questions
Question 26: The SIPOC model for a business helps everyone in the company see the business from an
overall perspective by:
1. Keeping a focus on customer needs
2. Identifying inputs and outputs for each step of the process
III.
Question 27: The fact that processes tend to be dynamic, rather than static, is a key principle of
statistical thinking. Which of the following is a natural consequence of this fact?
Question 28: Suppose the Process Improvement Framework were used to attack a problem where the
process in question was inherently unstable. Which of the following would be a likely result of this effort?
Question 29: A manufacturing process has been experiencing problems. The operators charting the
process data have identified the cause to be due to an unanticipated change in incoming raw materials.
This problem should be considered:
Question 30: Figure 2.16 shows a chart of the Dow Jones Industrial Average from 1990 through 2011.
This plot reveals some obvious change points, such as the 2008 financial collapse, and some
unexplainable short-term variation. Assuming that these are the only sources of variation in this plot, what
source of variation is NOT visible in the plot?
Question 31: In the advertising case study, the unexpected V shaped pattern in the plot of advertising
dollars versus sales indicated what?
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