ECON 261 EXAM 1

Descripción

ECON 261 Test sobre ECON 261 EXAM 1 , creado por Natalie Balzert el 19/09/2016.
Natalie Balzert
Test por Natalie Balzert, actualizado hace más de 1 año
Natalie Balzert
Creado por Natalie Balzert hace alrededor de 8 años
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Resumen del Recurso

Pregunta 1

Pregunta
The middle value in an ordered array of numbers is the _____?
Respuesta
  • mode
  • mean
  • standard deviation
  • median

Pregunta 2

Pregunta
The average of a group of number which is computed by summing all numbers and dividing buy the number of numbers is called the (arithmetic) _____?
Respuesta
  • median
  • mean
  • mode
  • standard deviation

Pregunta 3

Pregunta
The most frequently occurring value in a set of data is the _____?
Respuesta
  • mode
  • mean
  • median
  • standard deviation

Pregunta 4

Pregunta
To describe the spread or dispersion of a set of data is called _____?
Respuesta
  • measure of variability
  • range
  • standard deviation
  • none of the above

Pregunta 5

Pregunta
The difference between the largest value of a data set and the smallest value of a range is the _____?
Respuesta
  • variability
  • standard deviation
  • range
  • none of the above

Pregunta 6

Pregunta
The average of the squared deviations about the mean for a set of numbers is the _____?
Respuesta
  • variance
  • mean
  • standard deviation
  • none of the above

Pregunta 7

Pregunta
The square root of the variance is the _____?
Respuesta
  • mean
  • variance
  • standard deviation
  • none of the above

Pregunta 8

Pregunta
For which of central value will the sum of the deviations of each value from the average always be zero?
Respuesta
  • Mean
  • Mode
  • Median
  • None of the above

Pregunta 9

Pregunta
The relationship between the variance and the standard deviation is:
Respuesta
  • Variance is the square root of the standard deviation.
  • Variance is the square of the standard deviation.
  • Variance is twice the standard deviation.
  • There is no relationship between variance and standard.

Pregunta 10

Pregunta
Variability is measured by:
Respuesta
  • The Mean.
  • The Median.
  • The Standard Deviation.
  • The Mode.

Pregunta 11

Pregunta
It is possible for a data set to contain:
Respuesta
  • Two means.
  • Two medians
  • Two modes
  • All of the above.

Pregunta 12

Pregunta
The range of a data set is:
Respuesta
  • the difference between any two values.
  • the difference between the smallest and largest values.
  • the difference between the mean and the median.
  • none of the above.

Pregunta 13

Pregunta
Which of the following is referred to as the sample mean?
Respuesta
  • X-bar
  • u
  • sample
  • none of the above

Pregunta 14

Pregunta
Which measures of central values are not affected by extremely low or extremely high values?
Respuesta
  • mean and median
  • mean and mode
  • mode and median
  • none of the above

Pregunta 15

Pregunta
The range of values of the coefficient of correlation is:
Respuesta
  • -1% and 1% inclusive
  • 0 and +1 inclusive
  • -1 and +1 inclusive
  • unlimited values

Pregunta 16

Pregunta
What does it mean if r=-1 for two variables X and Y?
Respuesta
  • X can perfectly predict Y
  • X and Y are not dependent on each other
  • high values of X are associated with low values of Y
  • none of the above.

Pregunta 17

Pregunta
Which of the following measures of dispersion are based on deviation from the mean?
Respuesta
  • variance
  • standard deviation
  • mean deviation
  • all of the above

Pregunta 18

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The sample mean for this data set is:
Respuesta
  • 7
  • 4
  • 5
  • 3

Pregunta 19

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The median for this data set is:
Respuesta
  • 4
  • 2
  • 3
  • 5

Pregunta 20

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The mode for this data set is:
Respuesta
  • 5
  • 4
  • 0
  • 3

Pregunta 21

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The range for this data set is:
Respuesta
  • 3
  • 5
  • 0
  • 4

Pregunta 22

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The variance for this data set is:
Respuesta
  • 7.50
  • 0.25
  • 3.50
  • 5.50

Pregunta 23

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The standard deviation for this data set is:
Respuesta
  • 2.74
  • 2.35
  • 2.5
  • 1.58

Pregunta 24

Pregunta
Consider the following sample data set: 4,3,8,7, and 3. The coefficient of variation for the data set is:
Respuesta
  • 0.235
  • 0.758
  • 0.548
  • 0.470

Pregunta 25

Pregunta
Human Resources Department of one hotel reports that annual salaries for its personnel have a mean of $40,000 and a standard deviation of $3,500. If the salaries are SYMMETRICALLY distributed, the interval of salaries representing two standard deviations on either side of the mean is:
Respuesta
  • (33000,47000)
  • (36500,43500)
  • (29500,55000)
  • (42000,53000)

Pregunta 26

Pregunta
Human Resources Department of one hotel reports that annual salaries for its personnel have a mean of $40,000 and a standard deviation of $3,500. What proportion of the salaries is within $3,500 of the mean?
Respuesta
  • 95%
  • 99%
  • 84%
  • 68%

Pregunta 27

Pregunta
Human Resources Department of one hotel reports that annual salaries for its personnel have a mean of $40,000 and a standard deviation of $3,500. What proportion of the salary is below $33,000?
Respuesta
  • 5%
  • 2.5%
  • 10%
  • 1%

Pregunta 28

Pregunta
Human Resources Department of one hotel reports that annual salaries for its personnel have a mean of $40,000 and a standard deviation of $3,500. If the salaries are 5/2 standard deviation of the mean?
Respuesta
  • 2.5%
  • 90%
  • 86%
  • 84%

Pregunta 29

Pregunta
Consider the following sample data describing the relationship between the variables X and Y. X = 3,4,6,7 Y = 1,4,5,6 The standard deviation of X and standard deviation of Y are respectively
Respuesta
  • (1.58, 1.58)
  • (1.83, 2.16)
  • (3.33, 4,67)
  • (1.25, 2.25)

Pregunta 30

Pregunta
Consider the following sample data describing the relationship between the variables X and Y. X = 3,4,6,7 Y = 1,4,5,6 The covariance of X and Y is:
Respuesta
  • 3.20
  • 1.56
  • 4.10
  • 3.67

Pregunta 31

Pregunta
Consider the following sample data describing the relationship between the variables X and Y. X = 3,4,6,7 Y = 1,4,5,6 The correlation coefficient of X and Y is:
Respuesta
  • 0.57
  • 0.93
  • 0.83
  • 0.10

Pregunta 32

Pregunta
You can conclude that the relationship between X and Y is:
Respuesta
  • strong
  • weak
  • mild
  • non-existent
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