Exam 18: Data Analysis Overview

A manager of a product sales group believes the number of sales made by an employee depends on how many years that employee has been with the company and how he/she scored on a business aptitude test. A random sample of 38 employees was selected to collect data on their number of sales, number of years with the company and scores on a business aptitude test. Which of the following would you perform to draw conclusion on the belief?

Data on the amount of money made in a year by 1000 families in a small town were collected. You want to know how much each family will get if the money made by all the 1000 families is pooled together and then evenly redistributed back to them. Which of the following would you compute?

A supplier of silicone sheets for producers of computer chips wants to evaluate her manufacturing process. She takes samples of size 5 from each day's output and counts the number of blemishes on each silicone sheet for 20 days consecutive days. Which of the following would be the most appropriate analysis to perform?

A realtor wants to compare the variability of sales-to-appraisal ratios of residential properties sold in four neighborhoods (A, B, C, and D). Four properties are randomly selected from each neighborhood and the ratios recorded for each were collected. Which of the following tests will be the most appropriate?

Data on the amount of money made in a year by 1000 families in a small town were collected. You want to know the difference in the amount of money made in that year by the middle 50% of the 1000 families. Which of the following would you compute?

A contractor wants to forecast the number of contracts in future quarters, using quarterly data on number of contracts during the 10-year period from 1997 to 2006. Which of the following would be the most appropriate analysis to perform?

An investor wanted to forecast the price of a certain stock. He collected the average daily price for the stock over the past 10 years. Which of the following would be the most appropriate analysis to perform?

An insurance company evaluates many variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of 100 insured drivers and recorded, X, the amount of claims each made in the last 3 years. A Pareto chart can be used to present this information.

The director of a training program wanted to know if a one week orientation would change the perception of potential clients who would perceive the program as being good. He collected information on the number of clients who would rate the program as being good before and after the orientation. Which of the following tests will be the most appropriate?

An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). Annual data from 30 years were collected. Which of the following would be the most appropriate analysis to perform?

An airline wants to select a computer software package for its reservation system. Four software packages (1, 2, 3, and 4) are commercially available. The airline will choose the package that bumps as few passengers, on the average, as possible during a month. An experiment is set up in which each package is used to make reservations for 5 randomly selected weeks. (A total of 20 weeks was included in the experiment.) Which of the following tests will be the most appropriate?

The director of admissions at a state college is interested in seeing if admissions status (admitted, waiting list, denied admission) at his college is related to the type of community (urban, rural, suburban) in which an applicant resides. Which of the following tests will be the most appropriate?