Exam 28: Inference for Decision Making
Exam 2: Data20 Questions
Exam 3: Surveys and Sampling26 Questions
Exam 4: Displaying and Describing Categorical Data21 Questions
Exam 5: Displaying and Describing Quantitative Data24 Questions
Exam 6: Correlation and Linear Regression36 Questions
Exam 7: Randomness and Probability28 Questions
Exam 8: Random Variables and Probability Models24 Questions
Exam 9: The Normal Distribution21 Questions
Exam 10: Confidence Intervals for Means20 Questions
Exam 11: Confidence Intervals for Proportions28 Questions
Exam 12: Confidence Intervals for Means21 Questions
Exam 13: Testing Hypotheses18 Questions
Exam 14: Comparing Two Groups19 Questions
Exam 15: Inference for Counts: Chi-Square20 Questions
Exam 16: Inference for Regression22 Questions
Exam 17: Understanding Residuals22 Questions
Exam 18: Multiple Regression15 Questions
Exam 19: Data13 Questions
Exam 22: Business Statistics20 Questions
Exam 24: Decision Making and Risk25 Questions
Exam 25: Introduction to Data Mining11 Questions
Exam 26: Exploring and Collecting Data43 Questions
Exam 27: Modeling With Probability20 Questions
Exam 28: Inference for Decision Making25 Questions
Exam 29: Models for Decision Making38 Questions
Exam 30: Selected Topics in Decision Making22 Questions
Select questions type
A newspaper poll asked respondents if they trusted "eco friendly" labels on
Cleaning products. Out of 1000 adults surveyed, 498 responded "yes." We would like to
Test if the proportion of respondents that trust these labels is at least 50%. The correct
Alternative hypothesis is A.
B.
C.
D.
E.
Chapter 13: Calculate the appropriate test statistic.
Free
(Short Answer)
4.8/5
(40)
Correct Answer:
E
A professor was interested in determining whether the prices of new textbooks in
The bookstore were higher than if purchased online. She selected 6 textbooks and priced
Each at the bookstore and online.
Paired T-Test and CI: Bookstore, Online Paired for Bookstore - online
N Mean StDev SE Mean Bookstore 6 115.00 22.36 9.13 Online 6 105.83 13.20 5.39 Difference 6 9.17 13.20 5.39
95\% lower bound for mean difference: -1.69
T-Test of mean difference -Value P-Value
Based on her analysis, we can conclude at the .05 level of significance that
Free
(Multiple Choice)
4.8/5
(41)
Correct Answer:
A
Chris Columbus is responsible for controlling inventory levels for four types of
Sailboats sold by his company. Chris takes a sample of 48 boats sold over the past
Several months to determine if demand is the same for each type. His results are as
Follows: Type of Boat Sales Pirate's Revenge 15 Jolly Roger 11 Sails Delight 10 Cruiser Cove 12
The calculated value of the Chi Square statistic is
Free
(Multiple Choice)
4.8/5
(42)
Correct Answer:
B
The weights of soy patties sold by Veggie Burgers Delight are normally
Distributed. A random sample of 15 patties yields a mean weight of 3.8 ounces with a
Sample standard deviation of 0.5 ounces. At the .05 level of significance, perform a
Hypothesis test to see if the true mean weight is less than 4 ounces.
The correct calculated value of the test statistic is
(Multiple Choice)
4.9/5
(36)
Suppose that a manufacturer is testing one of its machines to make sure that the
Machine is producing more than 97% good parts and . The test results in a P-value of . In reality, the machine is producing good parts. What probably happens as a result of our testing?
A. We correctly fail to reject .
B. We correctly reject .
C. We reject , making a Type I error.
D. We fail to reject , making a Type I error.
E. We fail to reject , making a Type II error.
(Short Answer)
4.8/5
(45)
A manufacturer of cordless electric shavers sampled 13 from a day's production
And found the mean time of continuous usage without recharging to be 410 minutes with a sample standard deviation of 30 minutes. We can assume that times are normally
Distributed. We wish to test if the true mean operating time without recharging is more
Than 400 minutes. The correct calculated value of the test statistic is
(Multiple Choice)
4.9/5
(37)
A truck company wants on-time delivery for 98% of the parts they order from a
Metal manufacturing plant. They have been ordering from Hudson Manufacturing
But will switch to a new, cheaper manufacturer (Steel-R-Us) unless there is
Evidence that this new manufacturer cannot meet the 98% on-time goal. As a test
The truck company purchases a random sample of metal parts from Steel-R-Us,
And then determines if these parts were delivered on-time. Which hypotheses
Should they test? A.
B.
C.
D.
E.
(Short Answer)
4.8/5
(37)
A contact lens wearer read that the producer of a new contact lens boasts that their
Lenses are cheaper than contact lenses from another popular company. The null hypothesis is tested against the alternative . Which of the following would be a Type II error?
(Multiple Choice)
4.8/5
(35)
We have created a 95% confidence interval for µ with the result (10, 15). What
Conclusion will we make if we test
(Multiple Choice)
4.8/5
(29)
After computing a confidence interval, the investigator believes that the results
Are meaningless because the width of the interval is too large. In reconstructing the
Interval, the investigator should
(Multiple Choice)
4.8/5
(33)
In economic downturns, companies attempt to downsize their workforces by
Offering early retirement incentives to older employees. A survey of 723 companies
Found that 195 engage in such downsizing practices. The 99% confidence interval for the
Proportion of companies that downsize their workforces by offering early retirement
Incentives is
(Multiple Choice)
4.8/5
(34)
Which of the following is not an assumption or condition that needs to be checked
For a paired t-interval?
(Multiple Choice)
4.9/5
(30)
Which is true about a 99% confidence interval based on a given sample?
I. The interval contains 99% of the population.
II. Results from 99% of all samples will lie in this interval.
III. The interval is wider than a 95% confidence interval would be.
(Multiple Choice)
4.9/5
(31)
A human resources manager at a large company wants to estimate the proportion
Of employees that would be interested in reimbursement for college courses. If she
Wishes to be 95% confident that her estimate is within 5% of the true proportion, how
Many employees would need to be sampled?
(Multiple Choice)
4.8/5
(43)
A manufacturer of cordless electric shavers sampled 13 from a day's production
And found the mean time of continuous usage without recharging to be 410 minutes with a sample standard deviation of 30 minutes. We can assume that times are normally
Distributed. We wish to test if the true mean operating time without recharging is more
Than 400 minutes. The correct null and alternative hypotheses are A.
B.
C.
D.
E.
(Short Answer)
4.9/5
(39)
A newspaper poll asked respondents if they trusted "eco friendly" labels on
Cleaning products. Out of 1000 adults surveyed, 498 responded "yes." We would like to
Test if the proportion of respondents that trust these labels is at least 50%. The calculated
Test statistic value is
(Multiple Choice)
4.8/5
(31)
We have calculated a 95% confidence interval and would like our next
Confidence interval to have a smaller margin of error without losing any
Confidence. In order to do this, we can I. change the value to a smaller number.
II. take a larger sample.
III. take a smaller sample.
(Multiple Choice)
4.8/5
(36)
The weights of soy patties sold by Veggie Burgers Delight are normally
Distributed. A random sample of 15 patties yields a mean weight of 3.8 ounces with a
Sample standard deviation of 0.5 ounces. At the .05 level of significance, perform a
Hypothesis test to see if the true mean weight is less than 4 ounces.
The correct null and alternative hypotheses are A.
B.
C.
D.
E.
(Short Answer)
4.9/5
(33)
Showing 1 - 20 of 25
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)