Question 1 The process of using sample statistics to draw conclusions about Marked out of true population parameters Is called 0.50 Select one: @ = statistical inference. oo°0 the scientific method. sampling. descriptive statistics.Question 2 True or False: Managers need an understanding of statistics to be Marked out of able to present and describe information accurately, draw 0.50 conclusions about large populations based on small samples, improve processes, and make reliable forecasts. Select one: @ True © FalseQuestion 3 Marked out of 050 An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of insured drivers and recorded, X, the number of claims each made in the last 3 years, with the following results. Xf 4|s <3. Referring to the table, how many total claims are represented in the sample? Select one: oO 15 oO 50 eum © 250The following are the durations in minutes of a sample of long- distance phone calls made within the continental United States reported by one long-distance carrier. Time (in minutes) | Relative Frequency QbutlessthanS [0.37 5 but less than 10 | 0.22 10 but less than 15] 0.15 15 but less than 20| 0.10 20 but less than 25 | 0.07 25 but less than 30 | 0.07 30.or more 0.02 Referring to the table, what is the width of each class? Select one: © 1 minute @ = Sminutes O % O 100%question 5 Which of the following is NOT a measure of central tendency] Markedoutot a0 Select one: © the arithmetic mean the geometric mean the mode @#oo the interquartile rangeQuestion 6 Marked out of 050 Which of the arithmetic mean, median, mode, and geometric mean are resistant measures of central tendency? Select one: oO oo® the arithmetic mean and median only the median and mode only the mode and geometric mean only the arithmetic mean and mode only‘question 7 True or False: A population with 200 elements has an arithmetic Marked out of mean of 10. From this information, it can be shown that the 0.50 population standard deviation is 15. Select one: O Tre @ FalseInformation Question 8 Marked out of aso The data below represents the amount of grams of carbohydrates in a sample serving of breakfast cereal. 10 | 18} 24 | 30] 19} 22 | 24) 20} 18] 25| 20 alts The coefficient of variation for this data wouldbe 4 47505 4 4%. Answer should be consistent with examples in your Levine et al. text and be between one or two decimal places e.g. 12.3 or 12.34 ete. Please do NOT include units (9) in your answer.question True or False: The Z score of an observation can never be negative Markedoutot aso Select one: © Tre @ FalseQuestion 10 True or False: As a general rule, an observation is considered an Marked out of extreme value if its Z score is less than -3. a0 Select one. @ Tue Oo FalseQuestion 11 True or False: Aworker ears $15 per hour at a plant and is told inside dan ot that only 2.5% of all workers make a higher wage. if the wage is, 050 assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, the average wage for the plantis $7.50 per hour. Select one: © Trp ® FalseQuestion 12 For sample size 1, the sampling distribution of the mean will be Marked out of normally distributed oso Select one: © regardless of the shape of the population. @oco only if the shape of the population is symmptrical only if the population values are positive. only if the population is normally distributed.Question 13 True or False: As the size of the sample is increased, the standard Marked out of deviation of the sampling distripution of the sample mean fora 050 normally distributed population will stay the same Select one: O True @® Falsequestion 14 True or False: Suppose p= 50 and @ = 100 fora population. ina sample where n = 100 is randomly taken, 90% of all possible sample means will fall between 49 and 51 Marked out of 0.50 Select one: © Tre ® Falsequestion 15, Which of the following is net true about the Student's t Marked out of distribution? 050 Select one: © thas more area in the tails and less in the center than does the normal distribution. @ cis used to construct confidence intervals for the popula mean when the population standard deviation is known. © _ Itis bell shaped and symmetrical © Asthe number of degrees of freedom increases, the t distribution approaches the normal distribution.Question 16 True or False: The t distribution is used to develop a confidence Marked aut of interval estimate of the population proportion when the oso population standard deviation is unknown. Select one: @ Tre OQ FalseQuestion 17 Marked out of 0.50 A quality control engineer is interested in the mean length of sheet insulation being cut automatically by machine. The desired length of the insulation is 12 metres. It is known that the standard deviation in the cutting length is 0.15 metres. A sample of 144 cut sheets yield a mean length of 12.14 metres. This sample will be used to obtain a 99% confidence interval for the mean length cut by machine. ‘What are the two limits of the confidence interval? min'={ 121393 mox= 12.1607 Answer should be to four decimal places e.g. 1.2345 and 2.3456. Please do NOT include any units in your answer.ouestion 18 Which of the following statements is net true about the level of Marked out of significance in a hypothesis test? aso Select one: © The larger the level of significance, the more likely you are to reject the null hypothesis. © The level of significance is the maximum risk we are willing to accept in making a Type | error. © The significance level is also called the a level @ The significance level is another name for Type Il error.‘question 19 Marked out of 0.50 The marketing manager for an automobile manufacturer is interested in determining the proportion of new compact-car owners who would have purchased a passenger-side inflatable air bag if it had been available for an additional cost of $300. The manager believes from previous information that the proportion is 0.30. Suppose that a survey of 200 new compact-car owners is selected and 79 indicate that they would have purchased the inflatable air bags. If you were to conduct a test to determine whether there is evidence that the proportion is different from 0.30, which test would you use? Select one: © Ztest of a population mean Z-test of a population proportion trest of population mean o°o€ t-test of a population proportionQuestion 20 True or False: In testing a hypethesis, statements for the null and Marked outof alternative hypotheses as well as the selection of the level of 050 significance should precede the collection and examination of the data. Select one: @ True QO False