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Business
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Research Methods and Methodology in Finance and Accounting
Exam 7: Probability and Hypothesis Testing
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Question 1
Short Answer
Imagine that I have a jar that contains20 black poker chips and 40 red poker chips. What is the probability of selecting a red poker chip?
Question 2
Multiple Choice
Given that on one section of the SAT the mean is 500 and the standard deviation is 100, what is the approximate probability of selecting a student whose score is 300 or lower followed by selecting a student whose score is 700 or higher on the test?
Question 3
Multiple Choice
Given that on one section of the SAT the mean is 500 and the standard deviation is 100, what is the approximate probability of a student scoring 400 or higher on the test?
Question 4
Multiple Choice
Given that on one section of the SAT the mean is 500 and the standard deviation is 100, what is the approximate probability of a student scoring 400 or lower or 700 or higher on the test?
Question 5
Multiple Choice
Inferential statistics allow us to
Question 6
Multiple Choice
A liberal statistical test is one that
Question 7
Multiple Choice
No effect is to _____ hypothesis as effect is to _____ hypothesis.
Question 8
Short Answer
Imagine that I have a jar that contains20 black poker chips and 40 red poker chips. What is the probability of selecting a red poker chip or a black poker chip?
Question 9
Multiple Choice
Given that on one section of the SAT the mean is 500 and the standard deviation is 100, what is the approximate probability of a student scoring 300 or lower or 700 or higher on the test?
Question 10
Multiple Choice
Given that on one section of the SAT the mean is 500 and the standard deviation is 100, what is the approximate probability of selecting a student whose score is 400 or lower followed by selecting a student whose score is 500 or higher on the test?
Question 11
Short Answer
If weight in the general population is normally distributed with an average of 160 pounds and a standard deviation of 20 pounds, what is the probability of selecting someone who weighs 120 or less or 170 or more pounds?