Exam 7: Sampling Methods and the Central Limit Theorem
Exam 1: What Is Statistics78 Questions
Exam 2: Describing Data: Frequency Distributions and Graphic Presentation101 Questions
Exam 3: Describing Data: Numerical Measures186 Questions
Exam 4: A Survey of Probability Concepts121 Questions
Exam 5: Discrete Probability Distributions111 Questions
Exam 6: The Normal Probability Distribution129 Questions
Exam 7: Sampling Methods and the Central Limit Theorem78 Questions
Exam 8: Estimation and Confidence Intervals128 Questions
Exam 9: One-Sample Tests of a Hypothesis223 Questions
Exam 10: Two-Sample Tests of Hypothesis87 Questions
Exam 11: Analysis of Variance80 Questions
Exam 12: Linear Regression and Correlation150 Questions
Exam 13: Multiple Regression and Correlation Analysis98 Questions
Exam 14: Chi-Square Applications for Nominal Data113 Questions
Exam 15: Index Numbers65 Questions
Exam 16: Time Series and Forecasting86 Questions
Exam 17: An Introduction to Decision Theory37 Questions
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Suppose a research firm conducted a survey to determine the average amount of money steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $80 and the sample standard deviation is $20. What is the probability that a sample of 100 steady smokers spend between $76 and $84?
(Multiple Choice)
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Dawson's Repair Service orders parts from an electronic company who advertises its parts o be no more than 2% defective. What is the probability that Bill Dawson finds 2 or more parts out of a sample of 60 to be defective?
(Multiple Choice)
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A retailer claims that 90% of its customers are "pleased" or "very pleased" with the customer service. In a survey of 300 customers taken last week, what is the probability that between 80% and 90% will be "pleased" or "very pleased" with the service?
(Multiple Choice)
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The mean weight of trucks traveling on a particular section of I-475 is not known. A provincial highway inspector needs an estimate of the mean. He selects a random sample of 49 trucks passing the weighing station and finds the mean is 15.8 tonnes, with a standard deviation of the sample of 4.2 tonnes. What is probability that a truck will weigh less than 14.3 tonnes?
(Multiple Choice)
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The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15. i. What is the probability that a person would score between 85 and 115?
Ii) Given a class with 25 students, what is the probability that the class' average IQ score is between 85 and 115?
(Multiple Choice)
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An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes.
What is the probability of finding a sample mean less than 18 hours?
(Multiple Choice)
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Alpha Corporation receives a shipment of flour every morning from their supplier. The flour is in 40 kg bags and Alpha will reject any shipment that is more than 4% underweight. The foreman samples
60 bags with each shipment and if the bags average more than 4% underweight, the whole shipment is returned to the supplier. Determine the value for the standard error of the proportion.
(Multiple Choice)
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Sampling error is the difference between a corresponding sample statistic and the
(Multiple Choice)
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What is it called when all the items in a population have a chance of being selected in a sample?
(Multiple Choice)
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Dawson's Repair Service orders parts from an electronic company who advertises its parts o be no more than 2% defective. What is the probability that Bill Dawson finds 4 or more parts out of a sample of 50 to be defective?
(Multiple Choice)
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The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15.
i. What is the probability that a person would score 130 or more on the test?
ii. You enrolled in a class of 25 students. What is the probability that the class' average IQ exceeds
130?
(Multiple Choice)
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Suppose a research firm conducted a survey to determine the average amount of money steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20 and the sample standard deviation is $5. What is the probability that a sample of 100 steady smokers spend between $19 and $21?
(Multiple Choice)
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If the sampling size equals the population size, what is the sampling error?
(Short Answer)
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As the size of the sample increases, what happens to the shape of the sampling means?
(Multiple Choice)
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An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings. The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes. What is the probability that the mean completion time is between 1 and 2 hours, i.e., 60 and 120 minutes?
(Multiple Choice)
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Dawson's Repair Service orders parts from an electronic company who advertises its parts o be no more than 2% defective. What is the probability that Bill Dawson finds 2 or more parts out of a sample of 50 to be defective?
(Multiple Choice)
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Alpha Corporation receives a shipment of flour every morning from their supplier. The flour is in 40 kg bags and Alpha will reject any shipment that is more than 4% underweight. The foreman samples
40 bags with each shipment and if the bags average more than 4% underweight, the whole shipment is returned to the supplier. Determine the value for the standard error of the proportion.
(Multiple Choice)
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Auditors may select every 20th file starting with say, the 5th file in the top drawer. Then file numbers 25, 45, 65, 85, . . . are audited. What type of sampling is this?_____ sampling.
(Short Answer)
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i. An estimate of the population mean based on a large sample is less reliable than an estimate made using a small sample.
Ii) The standard error of the mean will vary according to the size of the sample that is in the denominator. As the sample size n gets larger, the variability of the sample means gets smaller.
Iii) To determine the value of the standard error of the mean, the total error is divided by the sample size.
(Multiple Choice)
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A convenience store estimates that 25% of its customers come in to buy milk. What is the probability that out of the next 200 customers, 60 or fewer will buy milk?
(Multiple Choice)
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