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Statistics
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Basic Business Statistics
Exam 7: Sampling and Sampling Distributions
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Question 141
Short Answer
TABLE 7-4 The lifetimes of a certain brand of light bulbs are known to be normally distributed with a mean of 1,600 hours and a standard deviation of 400 hours.A random sample of 64 of these light bulbs is taken. -Referring to Table 7-4,what is the probability that the sample mean lifetime is more than 1,550 hours?
Question 142
Multiple Choice
Which of the following scenarios will yield a nonprobability sample?
Question 143
Multiple Choice
Which of the following sampling methods is a probability sample?
Question 144
True/False
The question: "How much did you earn last year rounded to the nearest hundreds of dollars?" will most likely result in measurement error.
Question 145
Multiple Choice
A population frame for a survey contains a listing of 72,345 names.Using a table of random numbers,how many digits will the code numbers for each member of your population contain?
Question 146
True/False
As the sample size increases,the standard error of the mean increases.
Question 147
Short Answer
TABLE 7-5 According to a survey,only 15% of customers who visited the website of a major retail store made a purchase.Random samples of size 50 are selected. -Referring to Table 7-5,what is the probability that a random sample of 50 will have at least 30% of customers who will make a purchase after visiting the website?
Question 148
True/False
Sampling error becomes an ethical issue if the findings are purposely presented without reference to sample size and margin of error so that the sponsor can promote a viewpoint that might otherwise be truly insignificant.