Copy of BUS105 PCOQ Answers.docx

Ans 50000 12 in a market test of a new chocolate

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Ans: 50000 12) In a market test of a new chocolate raspberry coffee, a poll of 400 people from Dobbs Ferry showed 250 preferred the new coffee. In Irvington, 170 out of 350 people preferred the new coffee. To test the hypothesis that there is no difference in preferences between the two villages, what is the null hypothesis? Ans: H0: π1 = π2
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13) An experiment to determine the most effective way to teach safety principles applied four different teaching methods. Some employees were given programmed instruction booklets and worked through the course at their own pace. Other employees attended lectures. A third group watched a television presentation, and a fourth group was divided into small discussion groups. A high of 10 was possible. A sample of five tests was selected from each group. The test grade results were: At the 0.01 level, what is the critical value? Ans: 5.29 14) Analysis of variance is used to _____________. Ans: Simultaneously compare several population means. 15) Two accounting professors decided to compare the variance of their grading procedures. To accomplish this, they each graded the same 10 exams, with the following results: What is the null hypothesis? Ans: H 0 : σ 12 = σ 22 . 16) An electronics company wants to compare the quality of their cell phones to the cell phones from three competitors. They sample 10 phones from each company and count the number of defects for each phone. If ANOVA was used to compare the average number of defects, then the treatments would be defined as: Ans: The Four Companies 17) A random sample of 30 executives from companies with assets over $1 million was selected and asked for their annual income and level of education. The ANOVA comparing the average income among three levels of education rejected the null hypothesis. The Mean Square Error (MSE) was 243.7. The following table summarized the results:
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When comparing the mean annual incomes for executives with undergraduate and master's degrees or more, the following 95% confidence interval can be constructed: Ans: 2.0 ± 2.052 * 6.52. 18) A random sample of 40 companies with assets over $10 million was surveyed and asked to indicate their industry and annual computer technology expense. The ANOVA comparing the average computer technology expense among three industries rejected the null hypothesis. The Mean Square Error (MSE) was 195. The following table summarized the results: Based on the comparison between the mean annual computer technology expense for companies in the tax service and food service industries, the 95% confidence interval shows an interval of -5.85 to 14.85 for the difference. This result indicates that _______________. Ans: There is no significant difference between the two industry technology expenses. 19) An F statistic is __________. Ans: Ratio of two variances 20) The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The Mean Square Error (MSE) was 3.36. The following table summarized the results:
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