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Part I: A Random Sample of Conceptual Questions of The Past First Test

The document provides a sample of conceptual and statistical application questions from a past statistics exam. The questions cover topics such as the central limit theorem, probability, hypothesis testing, confidence intervals, normal distributions, and sampling. Examples of statistical applications include analyzing food expenditure data, determining if cookie weights fall within a normal distribution, comparing public and private sector salaries, calculating probabilities of defective products in samples, and determining what percentage of shoppers buy certain products.

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Madhu Mangal Kumar
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78 views3 pages

Part I: A Random Sample of Conceptual Questions of The Past First Test

The document provides a sample of conceptual and statistical application questions from a past statistics exam. The questions cover topics such as the central limit theorem, probability, hypothesis testing, confidence intervals, normal distributions, and sampling. Examples of statistical applications include analyzing food expenditure data, determining if cookie weights fall within a normal distribution, comparing public and private sector salaries, calculating probabilities of defective products in samples, and determining what percentage of shoppers buy certain products.

Uploaded by

Madhu Mangal Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Part I: A random sample of conceptual questions of the past first test

1. What Central Limit Theorem states? (Explain). 5 pts

2. What is Business Statistics? 5 pts

3. Using the standard normal table, determine P(2<z<3) 5 pts

4. True or false (why?)


"If one wishes to reduce by 50% the error that can exist in estimating the mean µ
by sample mean, it simply requires that the sample size be doubled" 5 pts

5. A man is in the process of buying a new car. He has a choice of 3 engine makes, 7
body styles and 10 colors. How many different cars does he have to choose from?
5 pts

6. A family has two children. What is the conditional probability that both are boys
given that at least one of them is a boy? 5 pts

7. How variation is related to quality? Describe three measures of variations. 5 pts

8. Why normal distribution is so popular? (Explain) 5 pts

9. What is relationship between the Z-table, and T-table? (Explain) 5 pts

10. Why do you need randomness in statistical sampling? (Explain) 5 pts

11. What is margin of error in estimation of a population mean? (Explain) 5 pts

12. Given a 95% confidence interval for the mean of a population is from 110 to 120.
How do you interpret this confidence interval? (Explain) 5 pts

13. What are Type I, and Type II errors in statistical test of any hypothesis? (Explain)
5 pts

14. What is significance level? What is confidence level? 5 pts

15. Consider the following events in the toss of a single die:


A: observe an odd number
B: observe an even number
C: observe a 1 or a 2

a) Are A and B independent? Why?


b) Are A and C independent? Why? 10 pts

16. Which of the following two events is more likely? Why?


a. Obtaining exactly 3 heads in tossing a fair coin 10 times.
b. Obtaining exactly 3 heads in tossing a fair coin 15 times. 10 pts

Part II: A random sample of statistical applications questions of the past first test

1. A marketing consultant is in the process of studying the perceptions of married


couples concerning their weekly food expenditure. He takes a random sample of 5
married couples and asks each spouse to estimate the family food expenditure during the
previous week. The data has shown below. Can the consultant conclude with α = 0.05
that the husband's estimate is higher than the wife's estimate?

Couple 1 2 3 4 5
Husband 280 350 410 360 400
Wife 300 320 390 320 330 15 pts

2. Given a random variable Y, with P(y) as follows:

Y 0 1 2 3 4
-------------------------------------------------
P(y) 0.1 0.2 0.4 0.2 0.1

Find the expected value µ and standard deviation σ of random variable Y. 10 pts

3. System data for a job shop revealed that the average time spent by a job in the shop
was approximately µ = 4 working days. A random sample of size five is taken with time
spent in the shop, 3.7, 4.6, 3.9, 4.1, and 3.8. Is the output consistent with system
behavior? Construct a statistical test using a level of significance α = 0.05.
15 pts

4. The weight of Greenbay Brand cookies packed in a box is normally distributed with
mean µ =12 ounces and standard deviation σ = 0.5 ounce. If an inspector from FDA
weight one box chosen at random, what is the probability that the weight is

a. More than 13 ounces?


b. Between 11.5 and 13 ounces? 10pts
5. A state employees association wishes to determine whether the salaries paid to
secretaries in public schools fall behind those paid to the secretaries in private industry.
The following information is obtained:

Public Schools Private Industry


Sample size 18 12
Sample mean ($) 1660 1800
Sample variance 24000 23000

Assuming that the population variances are identical and salaries are normally
distributed, shall we reject the hypothesis that the average salary for secretaries in public
school is below that in private industry at significance level 0.05.
10 pts

6. Suppose that 10 percent of all the new steel-belted radial tires shipped to a large
department chain store are defective. Find the probability that in a shipment of 30 such
tires:
a. At most two are defective.
b. At least two are defective. 10 pts

7. A salesman has find that the probability that a sale on a single contact is 0.01. If the
salesman contacts 200 prospects, find the probability that he will make at least one sale.
10 pts

8. Surveys show that 40% of all convenience store shoppers buy milk and 30% buy
bread. If 25% buy both bread and milk, what percentage buys neither? 10 pts

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