Exam 10: Standard Deviation
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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A double glazing firm compares the number of windows in customers' orders in one month and produces the following data [number of windows(frequency)]: 0 to 2(15); 3 to 5(6); 6 to 8(3). Calculate the standard deviation of this data (2 decimal places).
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(Multiple Choice)
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Correct Answer:
C
You are told that wage levels are skewed to the right. What does this tell you about the value for Pearson's measure of skewness?
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C
The mean price of a house in Bristol is £210,000 . In which city do house prices vary more?
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(Multiple Choice)
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Correct Answer:
B
Calculate the standard deviation (2 decimal places) from the following set of data: 4, 8, 12, 16
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How might the variability of two distributions be compared assuming the means are not similar?
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Which of the following statements about the standard deviation IS true?
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In a flour mill 6 bags of flour are weighed to check for consistency. The weights of the bags are 0.95kg, 1.00kg, 1.10kg, 1.05kg, 0.95kg, 1.10kg. Calculate the standard deviation of these samples (2 decimal places)
(Multiple Choice)
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Calculate the coefficient of variation for a data set where the mean is 3 and the standard deviation is 0.5 (1 decimal place).
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Calculate Pearson's measure of skewness for data that has a mean of 8, a mode of 4 and a standard deviation of 0.8
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Why is the standard deviation often considered a better measure of dispersion than the mean deviation?
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