FAR EASTERN UNIVERSITY

INSTITUTE OF ACCOUNTS, BUSINESS AND FINANCE

BUSINESS ADMINISTRATION PROGRAM

Quiz 1
Subject Code: Description: Fundamentals of Business Analytics with No. of Items: 20
MGT1102 Spreadsheet
Term: First Semester Academic Year: 2020 - 2021 Score: Rating (% or Letter):
Prepared by:

Name: Date of Exam:

Course: Time: Day:

Problem Solving: Answer the following questions.

1. Compute the relative frequencies for the data given in the table below:

Number of
Grades students
A 16
B 28
C 33
D 13
Total 90

2. Compute the mean of the following data.

56, 42, 37, 29, 45, 51, 30, 25, 34, 57

3. Compute the median of the following data.

32, 41, 36, 24, 29, 30, 40, 22, 25, 37

4. Use MS Excel to compute the standard deviation for the following sample data.
32, 41, 36, 24, 29, 30, 40, 22, 25, 37
5. Compute the 50th percentile for the following data.

10, 15, 17, 21, 25, 12, 16, 11, 13, 22

6. Scores on Ms. Bond's test have a mean of 70 and a standard deviation of 11. Michelle has a score
of 48. Convert Michelle's score to a z-score. (Round to two decimal places if necessary.)
7. Scores on Ms. Nash's test have a mean of 64 and a standard deviation of 9. Steve has a score of
52. Convert Steve's score to a z-score. (Round to two decimal places if necessary.)

8. The College Board originally scaled SAT scores so that the scores for each section were
approximately normally distributed with a mean of 500 and a standard deviation of 100.
Assuming scores follow a bell-shaped distribution, use the empirical rule to find the percentage of
students who scored greater than 700.
 9. Compute the relative frequency for students who earned an A shown in the table of grades below.

Grades Number of Students

A 10
B 31
C 36
D 6
83
10. A survey on the most preferred newspaper in the USA listed The New York Times (TNYT),
Washington Post (WP), Daily News (DN), New York Post (NYP), and Los Angeles Times (LAT)
as the top five most preferred newspapers. The table below shows the preferences of 50 citizens.

TNYT WP NYP WP TNYT

DN TNYT LAT WP WP
DN LAT TNYT TNYT NYP
NYP TNYT WP LAT NYP
LAT WP DN WP LAT
WP DN TNYT DN DN
TNYT TNYT LAT TNYT NYP
LAT LAT NYP WP DN
WP WP TNYT DN TNYT
TNYT DN NYP TNYT WP

a. Are these data categorical or quantitative?

b. Provide frequency and percent frequency distributions.
c. On the basis of the sample, which newspaper is preferred the most?

II. Multiple Choice: Choose the best answer.

1. Data-ink is the ink used in a table or chart that
a. does not help in conveying the data to the audience.
b. helps in presenting data when the audience need not know exact values.
c. is necessary to convey the meaning of the data to the audience.
d. increases the non-data-ink ratio.

2. Tables should be used instead of charts when:

a. the reader needs relative comparisons of data.
b. there are more than two columns of data.
c. the values being displayed have different units or very different magnitudes.
d. the reader need not differentiate the columns and rows.

3. Fields may be chosen to represent all of the following except ____________ in the body of a
PivotTable.
a. rows b. columns
c. values d. Filters
4. A _____________ is a graphical presentation of the relationship between two quantitative
variables.
a. histogram b. bar chart
c. pie chart d. scatter chart
5. A _____________ is a line that provides an approximation of the relationship between the
variables.
a. line chart b. sparkline
c. trendline d. gridline
6. The following image is a

a. sparkline. b. trendline.
c. gridline. d. line chart.
7. A time series plot is also known as a
a. boxplot. b. frequency graph.
c. dot plot d. line chart.
8. A line chart that has no axes but is used to provide information on overall trends for time series
data is called a
a. time series plot. b. sparkline.
c. trendline. d. bubble chart.
9. A two-dimensional graph representing the data using different shades of color to indicate
magnitude is called a
a. heat map. b. bubble chart.
c. column chart. d. pie chart.
10. To avoid problems in interpreting the differences in color in a heat map, ____________ can be
added.
a. a bubble chart b. a pie chart
c. a scatter chart d. sparklines