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Business Statistics
Exam 7: Sampling and Sampling Distributions
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Question 21
Multiple Choice
Which of the following yields a stratified sample?
Question 22
Multiple Choice
Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a recent year. Suppose a sample of 100 major league players was taken. Find the approximate probability that the mean salary of the 100 players was less than $2.5 million.
Question 23
Multiple Choice
Which of the following yields a cluster sample?
Question 24
True/False
Selection bias occurs more frequently in systematic samples than in simple random samples.
Question 25
Short Answer
TABLE 7-7 Online customer service is a key element to successful online retailing. According to a marketing survey, 37.5% of online customers take advantage of the online customer service. Random samples of 200 customers are selected. -Referring to Table 7-7, 95% of the samples proportions symmetrically around the population proportion will have between ________% and ________% of the customers who take advantage of online customer service.
Question 26
Short Answer
TABLE 7-2 The time spent studying by students in the week before final exams follows a normal distribution with a standard deviation of 8 hours. A random sample of 4 students was taken in order to estimate the mean study time for the population of all students. -Referring to Table 7-2, what is the probability that the sample mean exceeds the population mean by more than 2 hours?
Question 27
Short Answer
TABLE 7-6 According to an article, 19% of the entire population in a developing country have high-speed access to the Internet. Random samples of size 200 are selected from the country's population. -Referring to Table 7-6, the population mean of all the sample proportions is ________.
Question 28
Multiple Choice
Which of the following is true regarding the sampling distribution of the mean for a large sample size?
Question 29
True/False
An electronic appliance chain gathered customer opinions on their services using the customer feedback forms that are attached to the product registration forms. This is an example of a convenience sample.
Question 30
True/False
If you randomly select a student from the first row of a business statistics class and then every other fifth student thereafter until you get a sample of 20 students, this is an example of a convenience sample.
Question 31
Short Answer
TABLE 7-5 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected. -Referring to Table 7-5, the standard deviation of all the sample proportions of customers who will make a purchase after visiting the web site is ________.
Question 32
True/False
The amount of bleach a machine pours into bottles has a mean of 36 oz. with a standard deviation of 0.15 oz. Suppose we take a random sample of 36 bottles filled by this machine. The sampling distribution of the sample mean has a standard error of 0.15.
Question 33
Short Answer
TABLE 7-5 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected. -Referring to Table 7-5, what proportion of the samples will have less than 15% of customers who will make a purchase after visiting the web site?
Question 34
True/False
If the amount of gasoline purchased per car at a large service station has a population mean of 15 gallons and a population standard deviation of 4 gallons, then 99.73% of all cars will purchase between 3 and 27 gallons.