ECON 261 EXAM 1

Descrição

ECON 261 Quiz sobre ECON 261 EXAM 1 , criado por Natalie Balzert em 19-09-2016.
Natalie Balzert
Quiz por Natalie Balzert, atualizado more than 1 year ago
Natalie Balzert
Criado por Natalie Balzert quase 8 anos atrás
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Resumo de Recurso

Questão 1

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

Questão 2

Questão
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) _____?
Responda
  • median
  • mean
  • mode
  • standard deviation

Questão 3

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

Questão 4

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

Questão 5

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

Questão 6

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

Questão 7

Questão
The square root of the variance is the _____?
Responda
  • mean
  • variance
  • standard deviation
  • none of the above

Questão 8

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

Questão 9

Questão
The relationship between the variance and the standard deviation is:
Responda
  • 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.

Questão 10

Questão
Variability is measured by:
Responda
  • The Mean.
  • The Median.
  • The Standard Deviation.
  • The Mode.

Questão 11

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

Questão 12

Questão
The range of a data set is:
Responda
  • 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.

Questão 13

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

Questão 14

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

Questão 15

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

Questão 16

Questão
What does it mean if r=-1 for two variables X and Y?
Responda
  • 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.

Questão 17

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

Questão 18

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

Questão 19

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

Questão 20

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

Questão 21

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

Questão 22

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

Questão 23

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

Questão 24

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

Questão 25

Questão
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:
Responda
  • (33000,47000)
  • (36500,43500)
  • (29500,55000)
  • (42000,53000)

Questão 26

Questão
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?
Responda
  • 95%
  • 99%
  • 84%
  • 68%

Questão 27

Questão
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?
Responda
  • 5%
  • 2.5%
  • 10%
  • 1%

Questão 28

Questão
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?
Responda
  • 2.5%
  • 90%
  • 86%
  • 84%

Questão 29

Questão
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
Responda
  • (1.58, 1.58)
  • (1.83, 2.16)
  • (3.33, 4,67)
  • (1.25, 2.25)

Questão 30

Questão
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:
Responda
  • 3.20
  • 1.56
  • 4.10
  • 3.67

Questão 31

Questão
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:
Responda
  • 0.57
  • 0.93
  • 0.83
  • 0.10

Questão 32

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

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