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QNT 351

Quantitative Analysis for Business


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QNT 351 Week 1 Connect Problem Set
1.
Which of the following is an example of a continuous variable?
Tons of concrete to complete a parking garage
Number of students in a statistics class
Zip codes of shoppers
Rankings of baseball teams in a league

2.
The incomes of 50 loan applicants are obtained. Which level of measurement is income?
Nominal
Ordinal
Interval
Ratio

3.
The members of each basketball team wear numbers on their jerseys. What scale of measurement
are these numbers considered?
Nominal
Ordinal
Interval
Ratio

4
The reported unemployment is 5.5% of the population. What measurement scale is used to measure
unemployment?
Nominal
Ordinal
Interval or ratio
Descriptive
5.
The Nielsen Ratings break down the number of people watching a particular television show by age.
What level of measurement is age?
Nominal
Ordinal
Interval
Ratio

6.

An example of a qualitative variable is _________________.


Number of children in a family
Weight of a person
Color of ink in a pen
Miles between oil changes
7.

Two thousand one hundred and forty frequent business travelers are asked which midwestern
city they prefer: Indianapolis, Saint Louis, Chicago, or Milwaukee. 180 liked Indianapolis best,
460 liked Saint Louis, 1240 liked Chicago, and the remainder preferred Milwaukee. Develop a
frequency table and a relative frequency table to summarize this information. (Round relative
frequency to 3 decimal places.)

City

Indianapolis

St. Louis

Chicago

Milwaukee

Frequency

Relative Frequency

8.

The Cambridge Power and Light Company selected a random sample of 20 residential
customers. Following are the amounts, to the nearest dollar, the customers were charged for
electrical service last month:

9.

Consider these five values a population: 6, 3, 5, 3, and 6.

a. Determine the mean of the population. (Round your answer to 1 decimal place.)

b. Determine the variance of the population. (Round your answer to 2 decimal places.)

10.

An investor buys 100 shares of AT&T stock and records its price change daily. Which concept

of probability would you use to estimate the probability of an individual event?

Probability of an individual event

Empirical
Classical

QNT 351 Week 2 Connect Problem Set


1. Award: 10 out of 10.00 points
The director of admissions at Kinzua University in Nova Scotia estimated the distribution of
student admissions for the fall semester on the basis of past experience.

Admissions

Probability

1. What is the expected number of admissions for the fall semester?

Expected number of admissions

Compute the variance and the standard deviation of the number of admissions. (Round
2.
your standard deviation to 2 decimal places.)

Variance

Standard deviation

2.Award: 10 out of 10.00 points


The Internal Revenue Service is studying the category of charitable contributions. A sample of
26 returns is selected from young couples between the ages of 20 and 35 who had an adjusted
gross income of more than $100,000. Of these 26 returns, 6 had charitable contributions of
more than $1,000. Suppose 5 of these returns are selected for a comprehensive audit.

a You should use the hypergeometric distribution is appropriate. Because

What is the probability exactly one of the five audited had a charitable deduction of more
b.
than $1,000? (Round your answer to 4 decimal places.)

Probability

What is the probability at least one of the audited returns had a charitable contribution of
c.
more than $1,000? (Round your answer to 4 decimal places.)

Probability

3.Award: 10 out of 10.00 points


According to the January theory, if the stock market is up for the month of January, it will be up
for the year. If it is down in January, it will be down for the year. According to an article in The
Wall Street Journal, this theory held for x out of the last x years. Suppose there is no truth to this
theory; that is, the probability it is either up or down is 0.5.

What is the probability this could occur by chance? (Round your answer to 6 decimal places.)

Probability

4.Award: 10 out of 10.00 points


Customers experiencing technical difficulty with their internet cable hookup may call an 800
number for technical support. It takes the technician between x seconds and x minutes to
resolve the problem. The distribution of this support time follows the uniform distribution.

What are the values for a and b in minutes? (Do not round your intermediate
a.
calculations. Round your answers to 1 decimal place.)

b- What is the mean time to resolve the problem? (Do not round your intermediate
1. calculations. Round your answer to 2 decimal places.)

Mean

b- What is the standard deviation of the time? (Do not round your intermediate
2. calculations. Round your answer to 2 decimal places.)

Standard deviation

What percent of the problems take more than 5 minutes to resolve? (Do not round your
c.
intermediate calculations. Round your answer to 2 decimal places.)

Percent

Suppose we wish to find the middle 50% of the problem-solving times. What are the end
d. points of these two times? (Do not round your intermediate calculations. Round your
answers to 3 decimal places.)

End point 1

End point 2

5.Award: 10 out of 10.00 points


A normal population has a mean of 20 and a standard deviation of 5.

a. Compute the z value associated with 24. (Round your answer to 2 decimal places.)

What proportion of the population is between 20 and 24? (Round z-score computation to
b.
2 decimal places and your final answer to 4 decimal places.)

Proportion

c.

What proportion of the population is less than 18? (Round z-score computation to 2

decimal places and your final answer to 4 decimal places.)

Proportion

6.Award: 10 out of 10.00 points


Assume that the hourly cost to operate a commercial airplane follows the normal distribution
with a mean of $x per hour and a standard deviation of $x.

What is the operating cost for the lowest x% of the airplanes? (Round z value to 2 decimal
places and round final answer to nearest whole dollar.)

Operating cost

7.Award: 10 out of 10.00 points


The manufacturer of a laser printer reports the mean number of pages a cartridge will print
before it needs replacing is x. The distribution of pages printed per cartridge closely follows the
normal probability distribution and the standard deviation is x pages. The manufacturer wants to
provide guidelines to potential customers as to how long they can expect a cartridge to last.

How many pages should the manufacturer advertise for each cartridge if it wants to be
correct 99 percent of the time? (Round z value to 2 decimal places. Round your answer to
the nearest whole number.)

Pages

8.Award: 8 out of 10.00 points


A study of long-distance phone calls made from General Electric Corporate Headquarters in
Fairfield, Connecticut, revealed the length of the calls, in minutes, follows the normal probability
distribution. The mean length of time per call was 4.90 minutes and the standard deviation was
0.40 minutes.

What fraction of the calls last between 4.90 and 5.60 minutes? (Round z-score
a.
computation to 2 decimal places and your final answer to 4 decimal places.)

Fraction of calls

What fraction of the calls last more than 5.60 minutes? (Round z-score computation to 2
b.
decimal places and your final answer to 4 decimal places.)

Fraction of calls

What fraction of the calls last between 5.60 and 6.50 minutes? (Round z-score
c.
computation to 2 decimal places and your final answer to 4 decimal places.)

Fraction of calls

What fraction of the calls last between 4.50 and 6.50 minutes? (Round z-score
d.
computation to 2 decimal places and your final answer to 4 decimal places.)

Fraction of calls

As part of her report to the president, the director of communications would like to report the
e. length of the longest (in duration) 5 percent of the calls. What is this time? (Round z-score
computation to 2 decimal places and your final answer to 2 decimal places.)

Duration

9.Award: 10 out of 10.00 points


A population consists of the following five values:xxx, x x, and x.

List all samples of size 3, and compute the mean of each sample. (Round your mean value
a.
to 2 decimal places.)

Sample

Values

Sum

Mean

Compute the mean of the distribution of sample means and the population mean. (Round
b.
your answers to 2 decimal places.)

Sample means

Population mean

10.Award: 10 out of 10.00 points


The mean age at which men in the United States marry for the first time follows the normal
distribution with a mean of 24.1 years. The standard deviation of the distribution is 2.5 years.

For a random sample of 66 men, what is the likelihood that the age at which they were married
for the first time is less than 24.6 years? (Round z value to 2 decimal places. Round your
answer to 4 decimal places.)

Probability

QNT 351 Week 2 LT Assignments


Chapter 1
4.
5.
6.
7.
8.

For each of the following, determine whether the group is a sample or a population.
The participants in a study of a new cholesterol drug.
The drivers who received a speeding ticket in Kansas City last month.
Those on welfare in Cook County (Chicago), Illinois.
The 30 stocks reported as a part of the Dow Jones Industrial Average.

8.

For the following questions, would you collect information using a sample or a population?
Why?

1.

Statistics 201 is a course taught at a university. Professor A. Verage has taught nearly1,500
students in the course over the past 5 years. You would like to know the averagegrade for the course.
2.
As part of a research project, you need to report the average profitability of the numberone
corporation in the Fortune 500 for the past 10 years.
3.
You are looking forward to graduation and your first job as a salesperson for one offive large
pharmaceutical corporations. Planning for your interviews, you will need toknow about each
companys mission, profitability, products, and markets.
4.
You are shopping for a new MP3 music player such as the Apple iPod. The
manufacturersadvertise the number of music tracks that can be stored in the memory. Usually,the
advertisers assume relatively short, popular music to estimate the number oftracks that can be stored.
You, however, like Broadway musical tunes and they aremuch longer. You would like to estimate how
many Broadway tunes will fit on yourMP3 player.

12.

Utilize the concepts of sample and population to describe how a presidential election isunlike
an exit poll of the electorate.

16.

AVX Stereo Equipment, Inc., recently began a no -hassles return policy. A sample of500
customers who had recently returned items showed 400 thought the policy wasfair, 32 thought it took
too long to complete the transaction, and the rest had no opinion.

On the basis of this information, make an inference about customer reaction to thenew policy
18.

The following chart depicts the average amounts spent by consumers on holiday gifts.
Write a brief report summarizing the amounts spent during the holidays. Be sure toinclude the total
amount spent, and the percent spent by each group.

QNT 351 Week 3 Connect Problem Set


Score:70/70Points100%

1.
A sample of 43 observations is selected from a normal population. The sample mean is 30, and
the population standard deviation is 3. Conduct the following test of hypothesis using the 0.05
significance level.

H0 : 29

H1 : > 29

a. Is this a one- or two-tailed test?

b. What is the decision rule? (Round your answer to 3 decimal places.)

c. What is the value of the test statistic? (Round your answer to 2 decimal places.)

d.

What is your decision regarding H0?

e. What is the p-value? (Round your answer to 4 decimal places.)

p-value

2.

At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was
told, You can average $86 a day in tips. Assume the population of daily tips is normally
distributed with a standard deviation of $3.81. Over the first 48 days she was employed at the
restaurant, the mean daily amount of her tips was $87.07. At the 0.02 significance level, can
Ms. Brigden conclude that her daily tips average more than $86?

a. State the null hypothesis and the alternate hypothesis.

b. State the decision rule.

c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

Value of the test statistic

d. What is your decision regarding H0?

e. What is the p-value? (Round your answer to 4 decimal places.)

3.

The Rocky Mountain district sales manager of Rath Publishing Inc., a college textbook
publishing company, claims that the sales representatives make an average of 43 sales calls
per week on professors. Several reps say that this estimate is too low. To investigate, a random
sample of 41 sales representatives reveals that the mean number of calls made last week was
44. The standard deviation of the sample is 2.9 calls. Using the 0.100 significance level, can we
conclude that the mean number of calls per salesperson per week is more than 43?

H0 : 43

H1 : > 43

1. Compute the value of the test statistic. (Round your answer to 3 decimal places.)

Value of the test statistic

2. What is your decision regarding H0?

4.

A United Nations report shows the mean family income for Mexican migrants to the United
States is $27,150 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 30
Mexican family units reveals a mean to be $29,500 with a sample standard deviation of
$11,150. Does this information disagree with the United Nations report? Apply the 0.01
significance level.

a. State the null hypothesis and the alternate hypothesis.

H0: =

H1:

State the decision rule for .01 significance level. (Negative amounts should be indicated
b.
by a minus sign. Round your answers to 3 decimal places.)

c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

Value of the test statistic

Does this information disagree with the United Nations report? Apply the 0.01 significance
d.
level.

5.
he following information is available.

H0 : 220

H1 : < 220

A sample of 64 observations is selected from a normal population. The sample mean is 215,
and the population standard deviation is 15. Conduct the following test of hypothesis using
the .025 significance level.

a. Is this a one- or two-tailed test?

What is the decision rule? (Negative amount should be indicated by a minus sign.
b.
Round your answer to 2 decimal places.)

What is the value of the test statistic? (Negative amount should be indicated by a minus
c.
sign. Round your answer to 3 decimal places.)

d. What is your decision regarding H0?

e. What is the p-value? (Round your answer to 4 decimal places.)

6.

Given the following hypotheses:

H0 : 10

H1 : > 10

A random sample of 10 observations is selected from a normal population. The sample mean
was 12 and the sample standard deviation 3. Using the .05 significance level:

a. State the decision rule. (Round your answer to 3 decimal places.)

Reject H0 if t >

b. Compute the value of the test statistic. (Round your answer to 3 decimal places.)

Value of the test statistic

c. What is your decision regarding the null hypothesis?

Given the following hypotheses:

H0 : = 400

H1 : 400

A random sample of 12 observations is selected from a normal population. The sample mean
was 407 and the sample standard deviation 6. Using the .01 significance level:

State the decision rule. (Negative amount should be indicated by a minus sign. Round
a.
your answers to 3 decimal places.)

b. Compute the value of the test statistic. (Round your answer to 3 decimal places.)

Value of the test statistic

c. What is your decision regarding the null hypothesis?

QNT 351 Week 3 LT Assignment


1.

The events X and Y are mutually exclusive. Suppose P(X) _ .05 and P(Y) _ .02. What isthe
probability of either X or Y occurring? What is the probability that neither X nor Y willhappen?

2.

Let P(X) _ .55 and P(Y) _ .35. Assume the probability that they both occur is .20. Whatis the
probability of either X or Y occurring?

3.

Suppose P(X1) = .75 and P(Y2 |X1 ) = .40. What is the joint probability of X1 and Y2?

4.

Refer to the following table.

1.
2.
3.

Determine P(A1 ).
Determine P(B1 |A2 ).
Determine P(B2 and A3 ).

5.

Berdines Chicken Factory has several stores in the Hilton Head, South Carolina, area.
Wheninterviewing applicants for server positions, the owner would like to include information onthe

amount of tip a server can expect to earn per check (or bill). A study of 500 recentchecks indicated
the server earned the following amounts in tips per 8 -hour shift.

Amount of Tip Number


$0 up to $ 20 200
20 up to 50 100
50 up to 100 75
100 up to 200 75
200 or more 50
Total 500

1.
2.
3.
4.
5.

What is the probability of a tip of $200 or more?


Are the categories $0 up to $20, $20 up to $50, and so on considered mutuallyexclusive?
If the probabilities associated with each outcome were totaled, what would that total be?
What is the probability of a tip of up to $50?
What is the probability of a tip of less than $200?

QNT 351 Week 4 Connect Problem Set


1.

The production department of Celltronics International wants to explore the relationship


between the number of employees who assemble a subassembly and the number pro duced. As
an experiment, 2 employees were assigned to assemble the subassemblies. They produced 6
during a one-hour period. Then 4 employees assembled them. They produced 10 during a one -

hour period. The complete set of paired observations follows.

Number of

Assemblers

One-Hour
Production (units)

10

18

12

The dependent variable is production; that is, it is assumed that different levels of production
result from a different number of employees.

A scatter diagram is provided below. Based on it, does there appear to be any relationship
b.
between the number of assemblers and production?

, as the number of assemblers


, so does the production.

Compute the correlation coefficient. (Negative amounts should be indicated by a minus


c.
sign. Round sx, sy and r to 3 decimal places.)

10

18

12

sy

( )2

-4

2.
value:
1.00 points

( )( )

16

-6

36

( )2

16

sx

The following sample observations were randomly selected. (Round your answers to 2
decimal places.)

X:

10

Y:

9.8

10.6

16.4

19.6

a.

The regression equation is = + X

b.

When X is 7 this gives =

3.
value:
10.00 points

Bi-lo Appliance Super-Store has outlets in several large metropolitan areas in New England.
The general sales manager aired a commercial for a digital camera on selected local TV
stations prior to a sale starting on Saturday and ending Sunday. She obtained the information
for SaturdaySunday digital camera sales at the various outlets and paired it with the number of
times the advertisement was shown on the local TV stations. The purpose is to find whether
there is any relationship between the number of times the advertisement was aired and digita l

camera sales. The pairings are:

Location of

Number of

SaturdaySunday Sales

TV Station

Airings

($ thousands)

Providence

15

Springfield

New Haven

21

Boston

24

Hartford

17

Click here for the Excel Data File

a. What is the dependent variable?

is the dependent variable.

c. Determine the correlation coefficient. (Round your answer to 2 decimal places.)

Coefficient of correlation

d. Interpret these statistical measures.

The statistical measures obtained here indicate

correlation between the variables.

4.
value:
10.00 points

The owner of Maumee Ford-Mercury-Volvo wants to study the relationship between the age of a
car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership
during the last year.

Car

Age (years)

Selling Price ($000)

Car

Age (years)

Selling Price ($000)

8.1

7.6

6.0

11

8.0

11

3.6

10

8.0

12

4.0

10

12

6.0

5.0

11

8.6

10.0

12

8.0

Click here for the Excel Data File


If we want to estimate selling price on the basis of the age of the car, which variable is the
a.
dependent variable and which is the independent variable?

is the independent variable and


is the dependent variable.

b-

Determine the correlation coefficient. (Negative amounts should be indicated by a

1.

minus sign. Round your answers to 3 decimal places.)

( )2

( )2

( )( )

9.0

8.1

1.192

0.007

1.420

0.099

7.0

6.0

-0.908

3.674

0.825

1.741

11.0

3.6

2.083

4.340

10.945

-6.892

12.0

4.0

3.083

9.507

8.458

-8.967

8.0

5.0

-0.917

-1.908

3.642

1.749

7.0

10.0

-1.917

3.092

9.558

-5.926

8.0

7.6

-0.917

0.692

0.840

-0.634

11.0

8.0

2.083

1.092

4.340

2.274

10.0

8.0

1.083

1.092

1.174

1.192

12.0

6.0

3.083

-0.908

9.507

0.825

6.0

8.6

-2.917

1.692

8.507

2.862

-4.934

6.0

8.0

-2.917

1.092

8.507

1.192

-3.184

107.000 82.900

sx =

sy =

bDetermine the coefficient of determination. (Round your answer to 3 decimal places.)


2.

Interpret the correlation coefficient. Does it surprise you that the correlation coe fficient is
c.
negative? (Round your answer to nearest whole number.)

correlation between age of car and selling price. So, % of the variation in the selling price is
explained by the variation in the age of the car.

5.
value:
10.00 points

Pennsylvania Refining Company is studying the relationship between the pump price of
gasoline and the number of gallons sold. For a sample of 20 stations last Tuesday, the
correlation was .78.

At the .01 significance level, is the correlation in the population greater than zero? (Round your
answer to 3 decimal places.)

The test statistic is .

Decision:

H 0: 0

QNT 351 Week 4 LT Assignment


1.

The following hypotheses are given.


H0: = .40
H1: .40
A sample of 120 observations revealed that p = .30. At the .05 significance level, can the null
hypothesis be rejected?

1.
2.
3.

State the decision rule.


Compute the value of the test statistic.
What is your decision regarding the null hypothesis?
For the following Problems, use the 6 step hypothesis testing

2.

The manufacturer of the X -15 steel-belted radial truck tire claims that the mean mileage the
tire can be driven before the tread wears out is 60,000 miles. Assume the mileage wear follows the
normal distribution and the standard deviation of the distribution is 5,000 miles. Crosset Truck
Company bought 48 tires and found that the mean mileage for its trucks is 59,500 miles. Is Crossets
experience different from that claimed by the manufacturer at the .05 significance level?
3.
The waiting time for customers at MacBurger Restaurants follows a normal distribution with a
population standard deviation of 1 minute. At the Warren Road MacBurger, the quality-assurance
department sampled 50 customers and found that the mean waiting time was 2.75 minutes. At the .05
significance level, can we conclude that the mean waiting time is less than 3 minutes?

4.

The null and alternate hypotheses are:


H0: 1 = 2
H1: 1 2
A sample of 200 observations from the first population indicated that x1 is 170. A sample of 150
observations from the second population revealed x2 to be 110. Use the .05 significance level to test
the hypothesis.

1.
2.
3.
4.

State the decision rule.


Compute the pooled proportion.
Compute the value of the test statistic.
What is your decision regarding the null hypothesis?

5.

The null and alternate hypotheses are:


H0: 1 = 2
H1: 1 2
A random sample of 10 observations from one population revealed a sample mean of 23 and a
sample standard deviation of 4. A random sample of 8 observations from another population revealed
a sample mean of 26 and a sample standard deviation of 5. At the .05 significance level, is there a
difference between the population means?

QNT 351 Week 5 LT Assignment


QNT 351: Learning Teams Problem Sets
IMPORTANT:

Showing your work and how you reached the answer is critical in receiving your
grade...simply putting down values as the final answer will not earn you any points.

Week 5 LT Assignments
1. The city council of Pine Bluffs is considering increasing the number of police in an effort to
reduce crime. Before making a final decision, the council asked the chief of police to survey
other cities of similar size to determine the relationship between the number of police and the
number of crimes reported. The chief gathered the following sample information.

a. Which variable is the dependent variable and which is the independent variable? Hint: Which of the
following makes better sense: Cities with more police have fewer crimes, or cities with fewer crimes
have more police? Explain your choice.
b. Draw a scatter diagram.
c. Determine the correlation coefficient.
d. Interpret the correlation coefficient. Does it surprise you that the correlation coefficient is negative?
2. Pennsylvania Refining Company is studying the relationship between the pump price of gasoline
and the number of gallons sold. For a sample of 20 stations last Tuesday, the correlation was .78. At
the .01 significance level, is the correlation in the population greater than zero?

3. A study of 20 worldwide financial institutions showed the correlation between their assets and
pretax profit to be .86. At the .05 significance level, can we conclude that there is positive correlation
in the population?
4. The following sample observations were randomly selected.

Determine the correlation coefficient and interpret the relationship between x and y.
5. Refer to the following table

Determine the correlation coefficient and interpret the relationship between x and y.

QNT 351 Week 5 Final Exam (The 2016 Latest Version 100% Score)
QNT 351 Week 5 Final Exam
(The 2016 Latest Version 100% Score)
https://uopcourses.com/sd_product/qnt-351-week-5-final-exam/
Number of Questions:30 questions Time Limit:3 hours
Results: 30/30 (100%)
Q1
The Director of Golf for a local course wants to study the number of rounds played by members on
weekdays. He gathered the sample information shown below for 520 rounds. At the .05 significance
level, is there a difference in the number of rounds played by day of the week?
Day Rounds
Monday 124
Tuesday 74
Wednesday 104
Thursday 98
Friday 120

No, because 2 = 7.715

Yes, because 2 = 12.288

No, because 2 = 11.793

Yes, because 2 = 15.308


2
An auditor for American Health Insurance reports that 20% of policyholders submit a claim during the
year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted
a claim the previous year?

.250

.200

.602

.708
3
When a class interval is expressed as 100 up to 200, _________________________.

The class interval is 99

Observations with values of 200 are included in the class

Observations with values of 200 are excluded from the class

Observations with values of 100 are excluded from the class


4

A coffee manufacturer is interested in whether the mean daily consumption of regular-coffee drinkers
is less than that of decaffeinated-coffee drinkers. A random sample of 50 regular-coffee drinkers
showed a mean of 4.35 cups per day, with a standard deviation of 1.2 cups per day. A sample of 40
decaffeinated coffee drinkers showed a mean of 5.84 cups per day, with a standard deviation of 1.36
cups per day. What is your computed z-statistic?

z = 3.90

z = -5.44

z = -1.81

z = -2.45
5
You perform a hypothesis test at the .05 level of significance. Your computed p-value turns out
to .042. What is your decision about the hypothesis?

You cant render a decision unless yo u know the computed test statistic

You would reject Ho

You would accept Ho if it is a two-tailed test, but reject Ho if a one-tailed test

You would accept Ho


6

In a distribution, the second quartile corresponds with the __________.

Variance

Mode

Mean

Median
7
The MacBurger restaurant chain claims that the waiting time of customers for service is normally
distributed, with a mean of 3 minutes and a standard deviation of 1 minute. The quality-assurance
department found in a sample of 50 customers at the Warren Road MacBurger that the mean waiting
time was 2.75 minutes. When you perform a test of hypothesis, what would be the resulting p -value?

.0471

.0512

.0384

.0586
8
The first card selected from a standard 52-card deck was a king. If it is returned to the deck, what is
the probability that a king will be drawn on the second selection?


1/4 or 0.25

1/3 or 0.33

1/13 or 0.077

12/13 or 0.923
9
An example of a qualitative variable is _________________.

Color of ink in a pen

Number of children in a family

Miles between oil changes

Weight of a person
10
When statisticians analyze sample data in order to draw conclusions about the characteristics of a
population, this is referred to as:

Descriptive statistics


Data analysis

Data summarization

Statistical inference
11
The ages of all the patients in the isolation ward of the hospital are 38, 26, 13, 41, and 22. What is the
population standard deviation?

9.26

6.92

10.33

15.85
12
Consider the following regression analysis between sales (Y in $1,000) and social media advertising
(X in dollars).
= 55,000 + 7X
The regression equation implies that an:

increase of $1 in advertising is associated with an increase of $7,000 in sales.


increase of $1 in advertising is associated with an increase of $62,000 in sales.

increase of $7 in advertising is associated with an increase of $7,000 in sales.

increase of $1 in advertising is associated with an increase of $7 in sales.


13
The tread life of tires mounted on light-duty trucks follows the normal probability distribution with a
mean of 60,000 miles and a standard deviation of 4,000 miles. Suppose you bought a set of four tires,
what is the likelihood the mean tire life of these four tires is between 57,000 and 63,000 miles?

1.00

0.8664

0.4332

Very likely
14
University officials say that at least 70% of the voting student population supports a fee increase. If
the 95% confidence interval estimating the proportion of students supporting the fee increase is [0.75,
0.85], what conclusion can be drawn?

Seventy percent is not in the interval, so assume it will not be supported.

The interval estimate is above 70%, so infer that it will be supported.

Seventy percent is not in the interval, so another sample is needed.

Since this was not based on the population, no conclusion can be drawn.
15
A study by the National Park Service revealed that 50% of the vacationers going to the Rocky
Mountain region visit Yellowstone Park, 40% visit the Grand Tetons, and 35% visit both. What is the
probability that a vacationer will visit at least one of these magnificent attractions?

0.05

0.95

0.55

0.35
16
The distribution of a sample of the outside diameters of PVC pipes approximates a symmetrical, bellshaped distribution. The arithmetic mean is 14.0 inches, and the standard deviation is 0.1 inches.
About 68% of the outside diameters lie between what two amounts?

13.9 and 14.1 inches

13.0 and 15.0 inches


13.8 and 14.2 inches

13.5 and 14.5 inches


17
A group of women tried five brands of fingernail polish and ranked them according to preference.
What level of measurement is this?

Nominal

Ordinal

Ratio

Interval
18
What is the range of values for a coefficient of correlation?

0 to +1.0

Unlimited range

-1.0 to +1.0 inclusive


-3 to +3 inclusive
19
Which approach to probability assumes that the events are equally likely?

Mutually exclusive

Empirical

Subjective

Classical
20
What is the median of 26, 30, 24, 32, 32, 31, 27, and 29?

30

29.5

29

32

21
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an
advertising campaign to increase daily sales. To determine the effectiveness of the advertising
campaign, a sample of 49 days of sales was taken. It found that the average daily sales were $6,400
per day. From past history, the restaurant knew that its population standard deviation is about $1,000.
The value of the test statistic is _______.

1.96

6,400

6,000

2.8
22
The mean of a normal distribution is 400 pounds. The standard deviation is 10 pounds. What is the
probability of a weight between 415 pounds and the mean of 400 pounds?

0.1932

0.3413

0.4332

0.5000

23
Which of the following is true regarding the normal distribution?

The mean, median, and mode are all equal.

It has two modes.

The points of the curve meet the x-axis at z = -3 and z = 3.

It is asymmetrical.
24
A time series trend equation for Hammer Hardware is Y = 5.6 + 1.2t, where sales are i n millions of
dollars and t increases by one unit for each year. If the value of sales in the base year of 2016 is $5.6
million, what would be the estimated sales amount for 2018?

$6.8 million

Unable to determine from given information

$5.6 million

$8 million
25

A research firm conducted a survey to determine the mean amount steady smokers spend on
95% confidence interval for ?

$18.78 to $21.23

$18.60 to $21.40

18.37 to 21.63

18.16 to 21.84
26
A weight-loss company wants to statistically prove that its methods work. They randomly selected 10
clients who had been on the weight loss program for between 55 and 65 days. They looked at their
beginning weights and their current weight. The statistical test they should utilize is:

t test for difference in paired samples

z test for two population means

z test for two population proportions

t test for two population means


27
As the size of the sample increases, what happens to the shape of the distribution of sample means?


It approaches a normal distribution.

It cannot be predicted in advance.

It is negatively skewed.

It is positively skewed.
28
Each month the National Association of Purchasing Managers publishes the NAPM index. One of the
questions asked on the survey to purchasing agents is: Do you think that the economy is expanding?
Last month, of the 300 responses, 160 answered yes to the question. This month, 170 of the 290
responses indicated that the economy is expanding. If youre testing to find if a larger proportion of
agents believe that the economy is expanding this month, what is your computed test statistic?

t = -1.07

z = -1.29

t = -1.25

z = -1.11
29
A group of 100 students was surveyed about their interest in a new International Studies program.
Interest was measured in terms of high, medium, or low. In the study, 30 students responded high

interest, 40 students responded medium interest, and 30 students responded low interest. What is the
relative frequency of students with high interest?

.030

.40

.30

.50
30
A hypothesis regarding the weight of newborn infants at a community hospital is that the mean is 6.6
pounds. A sample of seven infants is randomly selected and their weights at birth are recorded as 9.0,
7.3, 6.0, 8.8, 6.8, 8.4, and 6.6 pounds. What is the alternate hypothesis?

H1: > 7.6

H1: 6.6

H1: 6.6

H1: = 6.6