Question 1 

(3 points)

Referring to Table 1, the agronomist decided to perform an ANOVA F test. The amount of total variation
or SST is ________.

Question 1 options:

1)  114.82.

2)  41.19.

3)  32.43.

4)  82.39.

Question 2 (3 points)

Referring to Table 1, the value of MSA is ________.

Question 2 options:

1)  82.39.

2)  114.82.

3)  2.70.

4)  41.19.

Question 3 (3 points)

Referring to Table 1, the null hypothesis will be rejected at a level of significance of 0.01 if the value of
the test statistic is greater than ________.

Question 3 options:

1)  0.000508.

2)  15.24.

3)  6.93.

4)  5.99.

Question 4 (3 points)

 

Referring to Table 1, the decision made at 0.005 level of significance implies that all 3 means are
significantly different.

Question 4 options:

1)  True.

2)  False.

3)  Cannot decide.

Question 5 (3 points)

Referring to Table 2, the sum square for the factor mold temperature is ________.

Question 5 options:

1)  0.4515

2)  0.9030

3)  0.4234

4)  0.2117

Question 6 (3 points)

Referring to Table 2, at the 0.05 level, what conclusions can you reach from the analysis?

Question 6 options:

1)  At the 0.05 level, there is insufficient evidence of a difference in warpage due to the filling time.

2)  At the 0.05 level, there is evidence of a difference in warpage due to the filling time.

3)  At the 0.05 level, there is insufficient evidence of a difference in warpage due to the mold temperature.

4)  At the 0.05 level, there is sufficient evidence of interaction between filling time and mold temperature.

Question 7 (3 points)

Referring to Table 2, at the 0.05 level of significance, the critical value of the test for significant
differences between the filling time is ________.
Question 7 options:

1)  9.022

2)  3.554

3)  2.269

4)  4.230

Question 8 (3 points)

Referring to Table 3, the alternative hypothesis the dean should use are

Question 8 options:

1)   π1 - π2 > 0.

2)  π1 - π2 = 0 

3)  π1 - π2 < 0.

4)  π1 - π2 ≠ 0 

Question 9 (3 points)

Referring to Table 3, the null hypothesis will be rejected if the test statistic is greater than ________.

Question 9 options:

1)  6.635

2)  3.841

3)  5.024

4)  2.706

Question 10 (3 points)

 
Referring to Table 3, suppose the value of the test statistic is 3.480, the null hypothesis should be
rejected.

Question 10 options:

1)  True

2)  False

3)  Unknown

Question 11 (3 points)

Referring to Table 4, what is the form of the alternative hypothesis?

Question 11 options:

1)  H1 : π1 = π2 ≠ π3≠ π4 ≠ π5

2)  H1 : not all πj are the same

3)  H1 : π1 ≠ π2 ≠ π3≠ π4 ≠ π5

4)  H1 : π1 ≠ π2 = π3= π4= π5

Question 12 (3 points)

Referring to Table 4, the degrees of freedom of the test statistic is

Question 12 options:

1)  10.

2)  8.

3)  4.

4)  448.

Question 13 (3 points)

Referring to Table 4, the critical value of the test statistic at 1% level of significance is
Question 13 options:

1)  9.488.

2)  13.277.

3)  20.090.

4)  7.779.

Question 14 (3 points)

Referring to Table 4, the expected cell frequency for the cell Number of Transactions/2 is ________.

Question 14 options:

1)  90.4

2)  100.8

3)  101.2

4)  25.69

Question 15 (3 points)

Saved

Referring to Table 5, the null hypothesis that should be used is

Question 15 options:

1)  M1 ≠  M2.

2)  M1 = M2.

3)  μ1 = μ2.

4)  μ1 ≠  μ2.

Question 16 (3 points)

Referring to Table 5, the rank given to the last observation in the Sample 2 (18.5) is ________.
Question 16 options:

1)  9.

2)  10.

3)  11.

4)  8.

Question 17 (3 points)

Referring to Table 5, at the 0.05 level of significance, determine the critical values for the Wilcoxon rank
sum test statistic.

Question 17 options:

1)  12, 28.

2)  20, 40.

3)  16, 44.

4)  18, 42.

Question 18 (3 points)

Referring to Table 6, interpret the estimate of β0, the Y-intercept of the line.

Question 18 options:

1)  About 95% of the starting salaries fall within $1,894 of the least squares line.

2)  The starting salary is at least $1,894.

3)  For every 1 hour spent studying per day, we expect the starting salary to decrease $1,894.

4)  There is no practical interpretation.

Question 19 (3 points)

Referring to Table 6, the estimated change in mean salary (in thousands of dollars) as a result of
spending an extra hour per day studying is

Question 19 options:
 1)  $0.9795.

2)  $979.5.

3)  -1.8940.

4)  $335.0473.

Question 20 (3 points)

Referring to Table 6, interpret the 95% confidence interval for β1.

Question 20 options:

1)  You are 95% confident that the mean starting salary (Y) will increase between $832.1 and $1,127 for every 1
additional hour spent studying per day (X).

2)  You are 95% confident that the hour spent studying per day (X) will increase between 0.8321 and 1.1269
million for every $1 increase in starting salary (Y).

3)  At the α = 0.05 level, there is no evidence of a linear relationship between the mean starting salary charge (Y)
and hour spent studying per day (X).

4)  You are 95% confident that the mean starting salary will fall between $0.8321 and $1.1269 per month.

Question 21 (3 points)

Referring to Table 6, approximately ________% of the total variation in starting salary can be explained
by the numbers of hours spent studying per day.

Question 21 options:

1)  78.

2)  88.

3)  97.

4)  1.37.

Question 22 (3 points)

Referring to Table 7, when the economist used a simple linear regression model with consumption as
the dependent variable and GDP as the independent variable, he obtained an r2 value of 0.971. What
additional percentage of the total variation of consumption has been explained by including aggregate
prices in the multiple regression?

Question 22 options:

1)  2.8

2)  11.1

3)  98.2

4)  1.1

Question 23 (3 points)

Referring to Table 7, the p-value for GDP is

Question 23 options:

1)  0.05.

2)  0.01.

3)  0.001.

4)  None of the above.

Question 24 (3 points)

Referring to Table 7, one economy in the sample had an aggregate consumption level of $4 billion, a
GDP of $6 billion, and an aggregate price level of 200. What is the residual for this data point?

Question 24 options:

1)  $0.39 billion

2)  -$0.39 billion

3)  $4.39 billion

4)  -$1.33 billion

Question 25 (3 points)

 
Referring to Table 7, to test for the significance of the coefficient on aggregate price index, the value of
the relevant t-statistic is

Question 25 options:

1)  2.365.

2)  -1.960.

3)  -0.219.

4)  0.143.

Question 26 (3 points)

Referring to Table 7, to test for the significance of the coefficient on aggregate price index, the p-value is

Question 26 options:

1)  0.8837.

2)  0.9999.

3)  0.0001.

4)  0.8330.

Question 27 (3 points)

Referring to Table 8, Predict the mean ROA when the efficiency ratio is 50% and the total risk-based
capital is 10%.

Question 27 options:

1.8453

1.3872

1.1936

1.8608

Question 28 (3 points)

 
Referring to Table 8, the value of the measured t  test statistic to test whether mean ROA depends
linearly on Total Risk-Based Capital is

Question 28 options:

-9.7452

12.1047

0.0048

4.0070

Question 29 (3 points)

Referring to Table 8, the researcher wanted to test the hypothesis that the Total Risk-Based Capital did
not affect the ROA. The null hypothesis should be rejected:

Question 29 options:

True

False

Unknown

Question 30 (3 points)

Referring to Table 8, suppose the researcher wants to test whether the coefficient on Total Risk-Based
Capital  is significantly different from 0. What is the value of the relevant standard error of the slope?

Question 30 options:

0.1528

4.0070

0.0017

0.0048