7/27/2021 Assignment - 1: Attempt review

Started on Sunday, 25 July 2021, 4:45 PM

Question 1
Complete

Mark 0.50 out of 0.50

The sales of my company grew by more than 15 % three times out of the eight preceding years.Each of those years the GDP grew by 7 % or
more . It grew by 7 % or more one more year but the sales grew less than 15 % that year.What is the probability of our sales growing by 15
% or more this year?

Select one:
a. 0.29 
b. 0.41
c. 0.34
d. 0.37

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Question 2
Complete
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There are 40 employees above the age of 55 in my company among a total of 300. I meet one Mr. Das in the bus. The probability that he is
above 55 is 40/300. This is based on :

Select one:
a. Empirical Probability
b. Subjective Probability
c. A Priori Probability
d. None of these

Question 3 
Complete
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It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability that this will happen tomorrow?

Select one:
a. 0.25
b. 0.18
c. 0.22
d. 0.11

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Question 4
Complete
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Primary Data is preferred over Secondary Data because

Select one:
a. We cannot always trust secondary sources
b. It is less costly
c. The client always prefers primary data
d. Primary Data is always collected by qualified professionals

Question 5
Complete

Mark 0.50 out of 0.50

A total of 50 raffle tickets are sold for a contest to win a car. If you purchase one ticket, what are your odds against winning? 

Select one:
a. 50 to 1
b. 49 to 1
c. 0.05
d. 0.01

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Question 6
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Select one statement which matches with given situation. Suppose p = 0.3, if binomial expression appears as ((6!)/(3!X3!))((0.3)^3)((0.7)^3)
means that:

Select one:
a. Probability of getting four or more successes in seven trials.
b. Probability of getting exactly three successes in six trials.
c. Probability of getting three or more successes in seven trials.
d. Probability of getting exactly four successes in six trials.

Question 7 
Complete
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The Census method can be characterised as

Select one:
a. Random sampling
b. Nonprobabilistic sampling
c. None of these
d. Probabilistic sampling

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Question 8
Complete
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Two characteristics, or assumptions, of the Poisson distribution are that 

Select one:
a. the probability of success remains constant from trial to trial, and the random variable of interest is continuous
b. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete
c. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
d. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.

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Question 9
Complete
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It is found that 60 persons have accounts in  A, 30 persons in  B, 13 in C and 18 in D. A and C  have been ranked as risky, while B is
moderately risky and D safe. However, it is found later that 40 of Accounts in A are safe, 25 in B are safe and 0 of C are safe. Now the best
option is to tabulate them as :

Select one:
a. Frequency distribution
b. Summary table
c. Contingency Table
d. Relative Frequency Distribution


Question 10
Complete
Mark 0.50 out of 0.50

What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(10 <=x <=12) = 0.09
b. P(10 <=x <=12) = 0.06
c. P(10 <=x <=12) = 0.33
d. P(10 <=x <=12) = 0.15

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Question 11
Complete
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Samples are taken out of a population because

Select one:
a. It is less costly
b. The entire population may not be accessible
c. Analysing the entire population is cumbersome
d. All of these

Question 12
Complete

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What is the standard deviation of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 1.73
b. 1.33
c. 1.53
d. 6

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Question 13
Complete
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Variance of sample mean can be calculated as;

Select one:
a. Population standard deviation divided by sample size
b. Population variance divided by sample mean
c. Population standard deviation divided by sample mean
d. Population variance divided by sample size

Question 14
Complete

Mark 0.50 out of 0.50

My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :

Select one:
a. A Priori Probability
b. None of these
c. Subjective Probability
d. Empirical Probability

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Question 15
Complete
Mark 0.50 out of 0.50

How does standard error of the mean changes with increase in sample size?

Select one:
a. standard error of the mean increases with increase in sample size
b. standard error of the mean remains same with increase in sample size
c. standard error of the mean decreases with increase in sample size
d. standard error of the mean become equal to sample mean

Question 16
Complete

Mark 0.50 out of 0.50

It is 8th March 2019 today and I have decided to  buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening both tomorrow and the day after?

Select one:
a. None of these
b. 0.03
c. 0.22
d. 0.11

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Question 17
Complete
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In the observation method

Select one:
a. An unstructured questionnaire is administered
b. An electronic device may be used
c. A structured questionnaire is administered
d. The administrator sits face-to-face with the interviewee

Question 18
Complete

Mark 0.50 out of 0.50

The mode of the data set 3,5,1,1,5,3,2,1 is:

Select one:
a. Equal to Mean
b. More than the Mean
c. Greater than Median
d. Less than Median

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Question 19
Complete
Mark 0.50 out of 0.50

How does sampling distribution of mean changes with increase in sample size?

Select one:
a. Standard deviation of sampling distribution of mean increases with increase in sample size.
b. sampling distribution of mean becomes positively skewed with increase in sample size.
c. Standard deviation of sampling distribution of mean decreases with increase in sample size.
d. sampling distribution of mean becomes negatively skewed with increase in sample size.

Question 20
Complete

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If n = 15 and p = .4, then the standard deviation of the binomial distribution is 

Select one:
a. 1.897
b. 3.6
c. 9
d. 6

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7/27/2021 Assignment - 1: Attempt review

Question 21
Complete
Mark 0.50 out of 0.50

What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. 6
b. 12
c. 9
d. 15

Question 22
Complete

Mark 0.50 out of 0.50

What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?

Select one:
a. P(x £ 8) = 0.00
b. P(x £ 8) = 0.08
c. P(x £ 8) = 0.06
d. P(x £ 8) = 0.15

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Question 23
Complete
Mark 0.50 out of 0.50

It is found that 60 persons have accounts in  A, 30 persons in  B, 13 in C and 18 in D. A and C  have been ranked as risky, while B is
moderately risky and D safe. The table is best converted to a

Select one:
a. Frequency distribution
b. Contingency table
c. Frequency distribution and Summary table
d. Summary table

Question 24 
Complete
Mark 0.00 out of 0.50

I have no idea of the day of the week or the month today. The probability that it is January and a Tuesday is:

Select one:
a. 0.08
b. 0.02
c. 0.3
d. 0.2

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Question 25
Complete
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There is a data-set with the following elements. 16,15,4,17,11,43. Range of the set is:

Select one:
a. 34
b. 43
c. 39
d. 15

Question 26
Complete

Mark 0.50 out of 0.50

A discrete variable that can often be used to describe the number of occurrences of an event over a specified interval of time or space is a
___________ random variable. 

Select one:
a. binomial
b. none
c. poisson
d. discrete

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Question 27
Complete
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To get precise result using central limit theorem, minimum sample size should be

Select one:
a. 20
b. 100
c. 30
d.   50

Question 28
Complete

Mark 0.50 out of 0.50

Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is expected value of sample
means?

Select one:
a. 36
b. 0.6
c. 60
d. 12

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Question 29
Complete
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The mode of data set is 3,5,1,1,5,3,2,1. the 75th percentile is equal to:

Select one:
a. 3.5
b. 5
c. 3
d. 4

Question 30
Complete

Mark 0.50 out of 0.50

It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is moderately
risky and D safe. What is the percentage of persons holding risky investments?

Select one:
a. 50
b. 60
c. 30
d. 58

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7/27/2021 Assignment - 1: Attempt review

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