Business statistics questions. Business Statistics 2019-01-07

Business statistics questions Rating: 8,5/10 1554 reviews

Introduction to Business Statistics

business statistics questions

On one spin of the roulette wheel, what is the probability that the ball lands on a red slot? Back to Back to 1901-2 A: True. Back to Back to 1867-1 A: b. There are no elements in the population. A roulette wheel has 38 slots labeled with the numbers 1 through 36 and then 0 and 00. Sometimes it is easier to get the mean and variance group method -- by hand.

Next

Statistics Problems With Solutions

business statistics questions

The normal approximation of the binomial distribution without continuity correction is appropriate when: A. Sample mean: The process for computing this is exactly the same; you add up all the elements in the sample and divide by the size of the sample. Back to Back to 1878-2 A: c. Ogives of Distributions of Arithmetic Test Scores for Seventh and Eighth Graders Note: Connect 7's with a smooth curve for seventh grade ogive and connect 8's with a smooth curve for eighth grade ogive. In addition, if the spinner lands on red you win 6 points, if it lands on blue you win 1 point, and if it lands on green you lose 5 points. Back to Back to 2014-1 A: Definition: A graph indicating frequencies or relative frequencies of values or value classes of a random variable. They are also used to determine if a population follows a specified probability distribution.

Next

Statistics Problems With Solutions

business statistics questions

Because otherwise you could get a negative variance, and this is not allowed. The Contents page displays the questions in chapter order. Jim is studying how differences in the the screen color of electronic devices make an impact on eye strain experienced by the user. Return to Return to Answers: 21-1 A: a. In the figure, is it likely that the mean of distribution A corresponds closely with the mode of distribution B? Back to Back to 1879-1 A: a. If this process is carried out correctly, each sample should accurately reflect the characteristics of the population.


Next

Content of Questions for DSc310 Introduction to Business Statistics at Georgia State University

business statistics questions

There are 18 red and 18 black. If a randomly selected student is a C student, what is the probability the student is male? All of these 1803-1 Q: The mean is a measure of: a. Quincy's biology had a standard deviation of 1. Hypotheses are often tested about the values of population measures such as the mean and the variance. In this regard a warning has been added to the top of each chapter's page. .

Next

Business Statistics: Probability Sample Questions

business statistics questions

But if you are not sure after inspection, calculate the standard deviation. Age to the nearest month 94-103 104-113 114-123 124-133 134-143 144-153 f Y 46-51 4 1 5 Score 40-45 2 10 5 17 on 34-39 1 5 2 8 reading 28-33 2 8 6 3 1 1 21 speed 22-27 9 13 3 25 16-21 1 5 4 2 1 1 14 10-15 2 3 3 1 1 10 --------------------------------------------------------------- f X 6 43 34 11 3 3 100 In Table A, what proportion of those whose reading speed was more than 33 were aged between 104 and 113 months? You can reach Brian Schott at bschott gsu. All of the above are correct 11. In a survey, people on average responded that they floss seven times a week despite the fact that the actual averages are drastically lower. Back to Back to 2000-1 A: a. A and B are mutually exclusive B. The sample mean height of the males is larger than the sample mean height of the females, while the sample standard deviation of the females is larger than the sample standard deviation of the males.

Next

Practice Descriptive Statistics Questions for DSc310 Introduction to Business Statistics at Georgia State University

business statistics questions

When you have completed the practice exam, a green submit button will appear. Each trial results in one of two mutually exclusive outcomes 12. Many businesses use statistics to evaluate performance. The probability distribution of a sample statistic is known as a sampling distribution. One would expect this distribution to be a.

Next

Business Statistics MCQs

business statistics questions

Which of the following situations is best modeled by a discrete random variable? Exam Instructions: Choose your answers to the questions and click 'Next' to see the next set of questions. Events that have no sample space outcomes in common and therefore, cannot occur simultaneously are: A. The teacher computes all of the descriptive indices of central tendency and variability on these data, then discovers that an error was made, and one of the 24's is actually a 17. The intersection of A and B is zero D. The formulas for the population and sample variance are: Population variance: Sample variance: Percentiles split up a data set into 100 equal parts each consisting of 1 percent of the values in the data set.


Next

Content of Questions for DSc310 Introduction to Business Statistics at Georgia State University

business statistics questions

Back to Back to 2019-3 A: b. A person at the 15th percentile with group A will be at the 30th percentile with group B. Back to Back to 2033-2 A: d. Back to Back to 1797-2 A: c. Assume that we randomly select 10 teachers who have recently left their profession. Employment growth for individuals who have a statistics background will be due to the demand of businesses needing large amounts of data analyzed and interpreted at a much faster pace than before. Which of the following is a not a valid probability value for a discrete random variable? Historically, the show that the probability is 0.

Next