Business Statistics Question Answer MBA First Semester
Business Statistics Question Answer MBA First Semester
Which of the following is an assumption of one-way anova comparing sample from three or
exprimental treatments?
____test would be best weather the population means is less than a specified value
Ans- hypothesis
___ Is just another team for variance that is used in the analysis of variance
In a simple linear regression to determine whether the slope is statistically significant which test do
we use an alternative of t test
Ans- means
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It is known that the variance of a population equal …. A random sample of 121 has been taken from
the population there is a 95 probability that the mean will provide a margin of error of
Name the technique used to make comparisons between all pairs of group
Ans- Chisquare
Consider a set of 18 samples from a standard normal distribution we square each sample and sum all
the squares the number of degrees of freedom square distribution will be
Ans- 18
Whenever the population standard deviation is unknown and the population has a normal or near-
normal distribution which distribution is used in developing the interval estimation
Ans- t distribution
Ans- F- Distribution
Ans- 1.328
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Using an a=0.04 a confidence interval for a population proportion is determined to be 0.65 to 0.75 if
the level of significance is decreased the interval population proposition
A sample of 20 items from a population return unknown s is selected in order to develop an interval
estimate of m which of the following is necessary
some important assumption must be satisfied by a t test when assumption are related
normal distribution
independent
On which of the following does the critical value for a chi-square static rely.
Which parametric test can be used to find the difference in perception about Metro services
We can evaluate the assumption of ———— of the errors by plotting the residuals.
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Normality.
in order to estimate average time spend on the computer terminal per student
0.26
In a simple linear regression to determine whether the slope is statistically significant which test do
we use as an alternative of t test.
1. none of these
1.587
In a two-tail test for the population mean, if the null hypothesis is reject
the proportion of data items with values less than or equal to the upper limit of each class.
Z value
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in Hypothesis testing if the null hypothesis has been rejected when the alternative is true
A two-tailed test is performed at 95% confidence. The p-valueis determined to be 0.09. the null
if you assume that the difference scores are randomly and independently selected
on which of the following does the critical value for a chi-square statistic rely
We can evaluate the assumption of ——– of the errors by plotting the residuals in the order.
Normality
Some important assumptions must be satisfied by a t-test, which assumptionare related to the
samples collected for testing.
All of these
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The difference between the lower class limits of adjacent classes provided the
class width
1.74
______ is another term for variance that is used in the analysis of variance.
Mean square
T-test
a population parameter
t-test
Inverse method
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-2.45
if you assume that difference scores are randomly and independently selected from a
which test will you use if you have a numerical variable and related samples?
paired t-test
(c-1) and (n – c )
Children can learn a second language faster before the age of 7. This statement is_____
A one-tailed hypothesis
Hypothesis
The following test can be used to determine the type of distribution of any data set.
1.316
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1.48
continous variation
In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the
Null Hypothesis
Normality
Vector
What assumptions is being made when we use the t-distribution to perform a hypothesis test?
A.
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trend line
What would be then consequences for the OLS estimator if heteroscedasticity is present
it will be inefficient
All of these
A Tabular method that can be used to summarize the data on two variables simultaneously is called
crosstabulation
an estimate of a population parameter that providesin interval of values believed to contain the value
of the parameters
Interval estimate
Frequencies
Data that provide labels or names for categories of like items are known as
Qualitative
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independent simple random samples are taken to test the difference between
none of these
-1.717
becomes narrower
which test will you use if you have a numerical variable and
paired t-test
The p–value
is a probability
LIN are
Linearity
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2.41
Multicollinearity
decreases
F – Distribution
-1.53
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_______ test would test whether the population mean is less than a specific value.
both of these
4/3
0.16
A.4560
How many lamps will fail between 950 and 1000 hrs.
1250
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Given the same mean life, what would the standard deviation
100
both of these
Homogeneity of Variance
decreases
if you assume that the difference scores are randomly and independently selected
None of these
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In a two-tailed hypothesis test the test statistic is determined to be -2.5. the p-value for this tets
0.0124
Precision
A frequency distribution is
a tabular summary of a set of data showing the frequency of items in each of several
a pooled variance t test to used to determine whether there is a significant difference between means
in anova with 4 groups and a total sample size of 44 Greater than 0.05
in a sample of 500 voters, 400 indicated they favour the incumbent governor.The 95% confidence
interval of voters not favouring the incumbent is 0.165 to 0.235
1. Arlingtons scenario
2. Dcova
3. Pool variance T test
4. None of these
1. -1.27
2. -1.53
3. -1.96
4. -1.64
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1. Significance
2. Degree of association
Confidence level
1. Precision
Following is a two way , between – subjects anova a simple effect would involve
We can evaluate the assumptions of ___ of the error by piloting the residual(52)
1. Independence
2. Normality
3. Equal Variance
4. None of these
Which of the following is an assumption of one way anova comparing the samples from three(56)
In order to use the normal distribution for interval estimation of m when s is known, the
population(59)
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In a one tailed hypothesis test ( Lower tail ) the test statistic is determined to be -2. The P value
for the test is(64)
1. 4772
2. 0228
3. 0056
4. 0228
1. 200
2. 100
3. 58
4. 196
Chi square test statistic is equal to the square difference between the ___ and ___ frequency(65)
1. Observed
2. Expected
3. Both of these
4. None of these
a situation in which conclusion is based upon aggregate cross tabulation the different from un-
aggregated cross tabulation is
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1. Continuous models
2. Discrete models
3. Both of these
4. None of these
When a data value in one sample is matched with a corresponding data value in another sample.
1. Corresponding samples
2. Matched samples
3. Independent samples
4. None of these alternative is correct
In constructing a frequency distribution as the no of class are decreased. The class width
1. Decreased
2. Remain unchanged
3. Increased
4. Can increase or decrease depending upon the data value
Independence simples random samples are taken to test the difference between the means of two
population those standard deviation are not known. The sample size are n1=25 and n2=35. The
correct distribution to use is the
1. Poisson distribution
2. T distribution with 60 degree of freedom
3. T distribution with 59 degree of freedom
4. T distribution with 58 degree of freedom
A frequency distribution is
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Suppose that we reject a null hypothesis at the 5% level of significance. For which of the following
level of significance do we also reject the null hypothesis
1. 0.025
2. 0.06
3. 0.02
4. 0.04
The p-Value
is a probability
The Null Hypothesis uses ——— and the alternative hypothesis never uses an
equal sign
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After computing a confidence interval, the user believes the results are meaningless because the
width
No relationship
The Chi-square test is extended to compare more than two ___________ population.
independent
The sum of relative frequencies for all classes will always equal
one
Independence of errors
Alternative Hypothesis
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Independence
is (1 – confidence level)
Which of the following best describes the form of sampling distribution of the sample proportion?
Fifteen present of the students in a school of business administration are majoring in Economics, 20%
in finance, 35% in management, & 30% in accounts.
a pooled variance t test to used to determine whether there is asignificant difference between means
inanova with 4 groups and a total sample size of 44Greater than 0.05
In testing a hypothesis using the chi-square test, the theoretical frequencies are based on the:
A. null hypothesis
Children can learn a second language faster before the age of 7’. Is this statement:A one-tailed
hypothesis
one tail hypothesis testwould test whether the population is less than specific value
in a sample of 500 voters, 400 indicated they favour the incumbent governor.The 95% confidence
interval of voters not favouring the incumbent is 0.165 to 0.235
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1. To monitor campus security, the campus police office is taking a survey of the number of students
in a parking lot each 30 minutes of a 24-hour period with the goal of determining when patrols of
the lot would serve the most students. If X is the number of students in the lot each period of
time, then X is an example of a.
categorical variable
discrete variable <<
continuous variable
statistic
1. Researchers are concerned that the weight of the average American school child is increasing
implying, among other things, that children’s clothing should be manufactured and marketed in
larger sizes. If X is the weight of school children sampled in a nationwide study, then X is an
example of
categorical variable
discrete variable
continuous variable <<
a table of random numbers
The classification of student class designation (freshman, sophomore, junior, senior) is an example of
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1. The chancellor of a major university was concerned about alcohol abuse on her campus and
wanted to find out the proportion of students at her university who visited campus bars on the
weekend before the final exam week. Her assistant took a random sample of 250 students. The
answer on “whether you visited campus bars on the weekend before the final exam week” from
students in the sample is an example of ___________
1. Referring to Scenario 1-1, the possible responses to the question “How many Blu-ray players made
by other manufacturers have you used?” are values from
1. continuous variable
2. categorical variable
3. table of random numbers
1. Referring to Scenario 1-1, the possible responses to the question “Are you happy, indifferent, or
unhappy with the performance per dollar spent on the Blu-ray player?” are values from
1. Referring to Scenario 1-1, the possible responses to the question “What is your annual income
rounded to the nearest thousands?” are values from
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1. A type of vertical bar chart in which the categories are plotted in the descending rank order of the
magnitude of their frequencies is called
a a. contingency table
1. frequency histograms
2. percentage polygons <<
3. cumulative percentage polygon (ogives)
4. All of the above
1. Which of the following is appropriate for displaying data collected on the different brands of cars
students at a major university drive?
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1. One of the developing countries is experiencing a baby boom, with the number of births rising for
the fifth year in a row, according to a BBC News report. Which of the following is best for
displaying this data?
1. A Pareto chart
2. A two-way classification table
3. A histogram
4. A time-series plot <<
1. When studying the simultaneous responses to two categorical questions, you should set up a
1. Data on 1,500 students’ height were collected at a larger university in the East Coast. Which of the
following is the best chart for presenting the information?
1. A pie chart
2. A Pareto chart
3. A side-by-side bar chart
4. A histogram <<
1. Data on the number of part-time hours students at a public university worked in a week were
collected. Which of the following is the best chart for presenting the information?
1. A pie chart
2. A Pareto chart
3. A percentage table
4. A percentage polygon <<
1. Data on the number of credit hours of 20,000 students at a public university enrolled in a Spring
semester were collected. Which of the following is the best for presenting the information?
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1. A pie chart
2. A Pareto chart
3. A stem-and-leaf display <<
4. A contingency table
1. A survey of 150 executives were asked what they think is the most common mistake candidates
make during job interviews. Six different mistakes were given. Which of the following is the best
for presenting the information?
1. Which measure of central tendency can be used for both numerical and categorical variables?
2. Arithmetic mean b. Median
3. Mode d. Geometric mean
1. Which of the arithmetic mean, median, mode, and geometric mean are resistant measures of
central tendency?
2. The arithmetic mean and median only
3. The median and mode only
4. The mode and geometric mean only
5. The arithmetic mean and mode only
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1. In a right-skewed distribution
2. the median equals the arithmetic mean
3. the median is less than the arithmetic mean
4. the median is greater than the arithmetic mean
5. none of the above
1. When extreme values are present in a set of data, which of the following descriptive summary
measures are most appropriate
2. CV and range
3. arithmetic mean and standard deviation
4. interquartile range and median
5. variance and interquartile range
1. In general, which of the following descriptive summary measures cannot be easily approximated
from a boxplot?
2. The variance b. The range
3. The interquartile range d. The median
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1. If two events are collectively exhaustive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are collectively exhaustive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive and collectively exhaustive, what is the probability that both
occur?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive and collectively exhaustive, what is the probability that one or
the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs?
2. 0 .b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the
probability that event
A occurs?
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1. 0 b. 0.50
2. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are mutually exclusive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are collectively exhaustive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio-
Pulmonary Resuscitation (CPR). In 180 days of school, about how many days can we expect that
the teacher on bus duty will likely be certified in CPR?
2. 5 days b. 45 days
3. 65 days d. 81 days
1. A campus program evenly enrolls undergraduate and graduate students. If a random sample of 4
students is selected from the program to be interviewed about the introduction of a new fast food
outlet on the ground floor of the campus building, what is the probability that all 4 students
selected are undergraduate students?
2. 0.0256 b. 0.0625
3. 0.16 d. 1.00
1. The connotation “expected value” or “expected gain” from playing roulette at a casino means
2. the amount you expect to “gain” on a single play
3. the amount you expect to “gain” in the long run over many plays
4. the amount you need to “break even” over many plays
5. the amount you should expect to gain if you are lucky
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1. A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab
conducts. Suppose the mean cost of rats used in lab experiments turned out to be $13.00 per
week. Interpret this value
2. Most of the weeks resulted in rat costs of $13.00
3. The median cost for the distribution of rat costs is $13.00
4. The expected or mean cost for all weekly rat purchases is $13.00
5. The rat cost that occurs more often than any other is $13.00
1. True or False: Another name for the mean of a probability distribution is its expected value
True
1. Which of the following about the binomial distribution is not a true statement?
2. The probability of the event of interest must be constant from trial to trial
3. Each outcome is independent of the other
4. Each outcome may be classified as either “event of interest” or “not event of interest”
5. The variable of interest is continuous
1. In a binomial distribution
2. the variable X is continuous
3. the probability of event of interest is stable from trial to trial
4. the number of trials n must be at least 30
5. the results of one trial are dependent on the results of the other trials
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1. If a particular set of data is approximately normally distributed, we would find that approximately
2. 2 of every 3 observations would fall between } 1 standard deviation around the mean.
3. 4 of every 5 observations would fall between } 1.28 standard deviations around the mean.
4. 19 of every 20 observations would fall between } 2 standard deviations around the mean.
5. All the above.
1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is:
2. 0.18 b. 0.81
3. 1.16 d. 1.47
1. For some value of Z, the value of the cumulative standardized normal distribution is 0.2090. The
value of Z is:
2. – 0.81 b. – 0.31
3. 0.31 d. 1.96
1. For some value of Z, the value of the cumulative standardized normal distribution is 0.8340. The
value of Z is:
2. 0.07 b. 0.37
3. 0.97 d. 1.06
1. The value of the cumulative standardized normal distribution at Z is 0.6255. The value of Z is:
2. 0.99 b. 0.40
3. c. 0.32 0.16
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1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X is:
2. 0.10 b. 0.50
3. 1.00 d. 1.50
1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1
minute, find the probability that a randomly selected college student will find a parking spot in the
library parking lot in less than 3 minutes.
2. 0.3551 b. 0.3085
3. 0.2674 d. 0.1915
1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1
minute, find the probability that a randomly selected college student will take between 2 and 4.5
minutes to find a parking spot in the library parking lot.
2. 0.0919 b. 0.2255
3. 0.4938 d. 0.7745
1. If a particular set of data is approximately normally distributed, we would find that approximately
2. 2 of every 3 observations would fall between } 1 standard deviation around the mean.
3. 4 of every 5 observations would fall between } 1.28 standard deviations around the mean.
4. 19 of every 20 observations would fall between } 2 standard deviations around the mean.
5. All the above.
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1. The value of the cumulative standardized normal distribution at Z is 0.8770. The value of Z is:
2. 0.18 b. 0.81
3. 1.16 d. 1.47
1. For some value of Z, the value of the cumulative standardized normal distribution is 0.2090. The
value of Z is:
2. – 0.81 b. – 0.31
3. 0.31 d. 1.96
1. For some value of Z, the value of the cumulative standardized normal distribution is 0.8340. The
value of Z is:
2. 0.07 b. 0.37
3. 0.97 d. 1.06
1. The value of the cumulative standardized normal distribution at Z is 0.6255. The value of Z is:
2. 0.99 b. 0.40
3. 0.32 d. 0.16
1. The value of the cumulative standardized normal distribution at 1.5X is 0.9332. The value of X is:
2. 0.10 b. 0.50
3. 1.00 d. 1.50
1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1
minute, find the probability that a randomly selected college student will find a parking spot in the
library parking lot in less than 3 minutes.
2. 0.3551 b. 0.3085
3. 0.2674 d. 0.1915
1. If we know that the length of time it takes a college student to find a parking spot in the library
parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1
minute, find the probability that a randomly selected college student will take between 2 and 4.5
minutes to find a parking spot in the library parking lot.
2. 0.0919 b. 0.2255
3. 0.4938 d. 0.7745
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1. If the expected value of a sample statistic is equal to the parameter it is estimating, then we call
that sample statistic
2. unbiased b. minimum variance
3. biased d. random
1. For air travelers, one of the biggest complaints is of the waiting time between when the airplane
taxis away from the terminal until the flight takes off. This waiting time is known to have a right
skewed distribution with a mean of 10 minutes and a standard deviation of 8 minutes. Suppose
100 flights have been randomly sampled. Describe the sampling distribution of the mean waiting
time between when the airplane taxis away from the terminal until the flight takes off for these
100 flights.
2. Distribution is right skewed with mean = 10 minutes and standard error = 0.8 minutes
3. Distribution is right skewed with mean = 10 minutes and standard error = 8 minutes
4. Distribution is approximately normal with mean = 10 minutes and standard error = 0.8
minutes
5. Distribution is approximately normal with mean = 10 minutes and standard error = 8 minutes
1. Which of the following statements about the sampling distribution of the sample mean is
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incorrect?
1. The sampling distribution of the sample mean is approximately normal whenever the sample size
is sufficiently large (n >30).
2. The sampling distribution of the sample mean is generated by repeatedly taking samples of size n
and computing the sample means.
3. The mean of the sampling distribution of the sample mean is equal to.
4. The standard deviation of the sampling distribution of the sample mean is equal to.
1. Which of the following is true about the sampling distribution of the sample mean?
2. The mean of the sampling distribution is always.
3. The standard deviation of the sampling distribution is always.
4. The shape of the sampling distribution is always approximately normal.
5. All of the above are true.
1. True or False: The amount of time it takes to complete an examination has a left skewed
distribution with a mean of 65 minutes and a standard deviation of 8 minutes. If 64 students were
randomly sampled, the probability that the sample mean of the sampled students exceeds 71
minutes is approximately 0.
True
1. Suppose the ages of students in Statistics 101 follow a right skewed distribution with a mean of 23
years and a standard deviation of 3 years. If we randomly sampled 100 students, which of the
following statements about the sampling distribution of the sample mean age is incorrect?
2. The mean of the sampling distribution is equal to 23 years.
3. The standard deviation of the sampling distribution is equal to 3 years.
4. The shape of the sampling distribution is approximately normal.
5. The standard error of the sampling distribution is equal to 0.3 years.
1. Why is the Central Limit Theorem so important to the study of sampling distributions?
2. It allows us to disregard the size of the sample selected when the population is not normal.
3. It allows us to disregard the shape of the sampling distribution when the size of the population is
large.
4. It allows us to disregard the size of the population we are sampling from.
5. d. It allows us to disregard the shape of the population when n is large.
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1. If an economist wishes to determine whether there is evidence that mean family income in a
community exceeds $50,000
2. either a one-tail or two-tail test could be used with equivalent results
3. a one-tail test should be utilized
4. a two-tail test should be utilized
5. None of the above
1. If an economist wishes to determine whether there is evidence that mean family income in a
community equals $50,000
2. either a one-tail or two-tail test could be used with equivalent results
3. a one-tail test should be utilized
4. a two-tail test should be utilized
5. None of the above
1. True or False: For all two-sample tests, the sample sizes must be equal in the two groups.
1. True or False: When the sample sizes are equal, the pooled variance of the two groups is the
average of the 2 sample variances.
1. The t test for the difference between the means of 2 independent populations assumes that the
respective
2. sample sizes are equal
3. sample variances are equal
4. populations are approximately normal
5. All of the above
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1. If we are testing for the difference between the means of 2 independent populations presuming
equal variances with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is equal
to
2. 39 b.
3. If two events are collectively exhaustive, what is the probability that one or the other occurs?
4. 0 b. 0.50
5. 1.00 d. Cannot be determined from the information given
1. If two events are collectively exhaustive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive, what is the probability that one or the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive, what is the probability that both occur at the same time?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive and collectively exhaustive, what is the probability that both
occur?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two events are mutually exclusive and collectively exhaustive, what is the probability that one or
the other occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If events A and B are mutually exclusive and collectively exhaustive, what is the probability that
event A occurs?
2. 0 .b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the
probability that event
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A occurs?
1. 0 b. 0.50
2. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are mutually exclusive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. If two equally likely events A and B are collectively exhaustive, what is the probability that event A
occurs?
2. 0 b. 0.50
3. 1.00 d. Cannot be determined from the information given
1. Thirty-six of the staff of 80 teachers at a local intermediate school are certified in Cardio-
Pulmonary Resuscitation (CPR). In 180 days of school, about how many days can we expect that
the teacher on bus duty will likely be certified in CPR?
2. 5 days b. 45 days
3. 65 days d. 81 days
1. In testing for the differences between the means of 2 independent populations where the variances
in each population are unknown but assumed equal, the degrees of freedom are
2. n – 1
3. n1 + n2 – 1
4. n1 + n2 – 2
5. n – 2
1. Given the following information, calculate sp2, the pooled sample variance that should be used in
the pooled-variance t test.
s12 = 4 s22 = 6
n1 = 16 n2 = 25
1. sp2 = 6.00
2. sp2 = 5.00
3. sp2 = 5.23
4. sp2 = 4.00
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1. True or False:The sample size in each independent sample must be the same if we are to test for
differences between the means of two independent populations.
1. True or False:When you test for differences between the means of two independent populations,
you can only use a two tail test.
1. True or False: A statistics professor wanted to test whether the grades on a statistics test were
the same for upper and lower classmen. The professor took a random sample of size 10 from each,
conducted a test and found out that the variances were equal. For this situation, the professor
should use a t test with related samples.
1. True or False: A statistics professor wanted to test whether the grades on a statistics test were
the same for upper and lower classmen. The professor took a random sample of size 10 from each,
conducted a test and found out that the variances were equal. For this situation, the professor
should use a t test with independent samples.
1. In a one-way ANOVA, if the computed F statistic is greater than the critical F value you may
2. reject H0 since there is evidence all the means differ
3. reject H0 since there is evidence that not all the means are different
4. not reject H0 since there is no evidence of a difference in the means
5. not reject H0 because a mistake has been made
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1. In a one-way ANOVA
2. an interaction term is present
3. an interaction effect can be tested
4. there is no interaction term
5. the interaction term has (c – 1)(n – 1) degrees of freedom
1. True or False: The analysis of variance (ANOVA) tests hypotheses about the population variance
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1. True or False: When the F test is used for ANOVA, the rejection region is always in the right tail
1. If we use the x2 method of analysis to test for the differences among 4 proportions, the degrees of
freedom are equal to:
2. 3 b. 4
3. 5 d. 1
1. If we wish to determine whether there is evidence that the proportion of items of interest is the
same in group 1 as in group
1. In testing a hypothesis using the x2 test, the theoretical frequencies are based on the
2. null hypothesis
3. alternative hypothesis
4. normal distribution
5. None of the above
1. True or False: In testing the difference between two proportions using the normal distribution, we
may use either a one-tail Chi-square test or two-tail Z test.
1. True or False: The squared difference between the observed and theoretical frequencies should be
large if there is no significant difference between the proportions.
1. True or False: A test for the difference between two proportions can be performed using the chi-
square distribution.
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1. True or False: A test for whether one proportion is higher than the other can be performed using
the chi-square distribution.
1. When testing for independence in a contingency table with 3 rows and 4 columns, there are
degrees of freedom.
2. 5 b. 6
3. 7 d. 12
1. To use the Wilcoxon Rank Sum Test as a test for location, you must assume that
2. the obtained data are either ranks or numerical measurements that will be converted to combined
ranks
3. both samples are randomly and independently drawn from their respective populations
4. both underlying populations from which the samples were drawn are equivalent in shape and
dispersion
5. All the above
1. Which of the following is a “robust” test procedure against the violation of distribution
assumptions?
2. x2 -test of independence
3. McNemar test for the difference between two proportions
4. x2 -test for the differences among more than two proportions
5. Wilcoxon rank sum test for difference in medians
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06/08/2022, 17:18 Business Statistics Question Answer MBA First Semester
1. True or False: The Chancellor of a university has commissioned a team to collect data on students’
GPAs and the amount of time they spend bar hopping every week (measured in minutes). He
wants to know if imposing much tougher regulations on all campus bars to make it more difficult
for students to spend time in any campus bar will have a significant impact on general students’
GPAs. His team should use a t test on the slope of the population regression.
1. The residual represents the discrepancy between the observed dependent variable and
its__predicted or estimated mean_____value.
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1. As simulation is not an analytical model, therefore the result of simulation must be viewed as?
2. Unrealistic
3. Exact
4. Approximation
5. Simplified
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06/08/2022, 17:18 Business Statistics Question Answer MBA First Semester
1. Randomness in simulation arises when the interval between successive events is?
2. Probabilistic
3. Invariable
4. Exponential
5. Convolution
1. Stimulation is a statistical experiment and it should satisfy which of the below condition?
2. Observations are independent
3. Requires predefined coding forms
4. Sampled to be drawn
5. Distributions to be observed
1. Which of the below is the most common methods of collecting observations in simulation?
2. Subinterval method
3. Interval method
4. Independent method
5. Non replication method
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06/08/2022, 17:18 Business Statistics Question Answer MBA First Semester
1. The important step required for simulation approach in solving a problem is to?
2. Test & validate and design the model
3. Appropriate level of detail
4. Decision making
5. Simulating
1. Unweighted aggregate price index numbers and weighted aggregate price index numbers are the
two caterogeries of?
2. Index number
3. Price index number
4. Laypeyre’s index number
5. Paasche’s index number
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1. How many types are used for the calculation of weighted aggregate price index numbers?
2. 7 b. 4
3. 5 d. 6
1. Which of the below index number is the arithmetic mean of Laspeyres’s price index and Paasche’s
price index?
2. Marshall–Edgeworth Price Index Number
3. Dorbish–Bowley Price Index Number
4. Bowley Price Index Number
5. Walsch Price Index Number
In testing a hypothesis using the chi square test, the theoretical frequencies are based on the
1. Null hypothesis
2. Alternate hypothesis
Normal Distribution
1. None of these
1. Significance
2. Degree of association
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Confidence level
Precision
Which test will you use if you have a numerical variable and related sample(55)
1. Paired T test
2. Z-test
F-test
1. All of these
Which of the following is an assumption of one way anova comparing the samples from three(56)
1. All of above
1. 61
2. -2.45
1. 100
In a two tail test for the population mean , if the null hypothesis is rejected when the alternate is
true
Test would test whether the population is less than specific value(54)
Both of these
1. None of these
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In order to use the normal distribution for interval estimation of m when s is known, the
population(59)
A tailed test is performed at 95% confidence. The P value is determined to be 0.09. the null
hypothesis(61)
1. Must be rejected
2. Should not be rejected
3. Could be rejected depending on the sample size
4. Has been designed incorrectly
1. The value of the outcome when all of the predictors are zero
2. The relationship between a predictor and the outcome variable
3. The value of the outcome when the predictor variable is zero
4. The gradient of the regression line
1. Normalities
2. Independence
3. Plotting the residuals in the order or sequence in which the data were collected
4. None of these
Chi square test statistic is equal to the square difference between the ___ and ___ frequency(65)
1. Observed
2. Expected
3. Both of these
4. None of these
Estimate of a population parameter that provide in interval of values believed to contain the value
of the parameters
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1. Confidence level
2. Interval estimate
3. Parameter value
4. Population estimate
a situation in which conclusion is based upon aggregate cross tabulation the different from un-
aggregated cross tabulation is
1. Matrix
2. Vector
3. Array
4. List
1. Symmetrical
2. Skewed to the left
3. Skewed to the right
4. None of these alternate is correct
When a data value in one sample is matched with a corresponding data value in another sample.
the sample are known is
1. Corresponding samples
2. Matched samples
3. Independent samples
4. None of these alternative is correct
In constructing a frequency distribution as the no of class are decreased. The class width
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06/08/2022, 17:18 Business Statistics Question Answer MBA First Semester
1. Decreased
2. Remain unchanged
3. Increased
A tubular method that can be used to summarize the data on two variable simultaneously is called
1. Simultaneously equation
2. Cross tabulation
3. Histogram
4. Ogive
In order to estimate the average time spend on the computer terminals per student at a local
university. Data were collected for a sample of 81 business student over a one week period.
Assume the population standard deviation is 1.2 hrs. If the sample mean is 9 hours. Then the 95%
confidence interval is
1. 04 to 110.96 hrs
2. 36 to 10.64
3. 80 to 10.20
4. 74 to 9.26
Avanindra Rai
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