149.
Suppose that a company's sales were $3.6 million at the beginning of a three-year period and
at the end had increased to $6.1 million. Find the geometric growth rate of sales.
.19
Feedback: 3.6 (1 + Rg)3 = 6.1
(1 + Rg)3 = 1.69
(1 + Rg) = 1.1911
Rg =
67.
Find the z-score for an IQ test score of 118 when the mean is 100 and the standard deviation is
15.
A. 1.2
B. 1.0
C. 18.0
D. -1.03
E. -1.2
AACSB: Analytic
Blooms: Application
Bowerman - Chapter 03 #67
Difficulty: Medium
Learning Objective: 03-02 Const
132.
In a study of the factors that affect success in economics, data were collected for 8 business
students. Scores on a calculus placement test are given with economics final exam scores. The
data are below:
It can be shown that for these data:
545.875,
142.
The marketing research department of a company was asked to respond to the CEO's question
about the average age of the consumer of the company's most profitable product. From survey
data gathered two years ago, the researchers found the following tab
82. The probability of event A occurring given that event B has already occurred is 0.61. The
probability of both events occurring is 0.5. What is the probability of event B occurring?
A. 0.305
B. 0.195
C. 0.390
D. 0.820
E. 0.500
83. What is the probabili
128.
The Rivertown city council is attempting to choose one of four sites (A, B, C or D) as the
location for its new emergency facility. After the new emergency facility becomes available for
service, the current emergency facility will be shut down. The
Topic: Variability
120.
The average life of Canadian women is 73.75 years and the standard deviation of the women's
life expectancy in Canada is 6.5 years.
Using the Chebyshev's theorem, determine the minimum percentage of women in Canada
whose life expec
Difficulty: Hard
Learning Objective: 03-04 Construct and interpret dot plots.
Topic: Percentile
113.
The local amusement park was interested in the average wait time at their most popular roller
coaster at the peak park time (2 p.m.). They selected 13 pat
136.
In an analysis of the relationship between the average weekly temperature in a major city and
the per person consumption of ice cream (pints) a least squares line is defined by the equation
5.72 + .004x. Predict the average amount of ice cream consum
124.
The following table shows the Price-to-Earnings ratio for a Stereo equipment manufacturing
company between 1998 and 2002. The annual percentage growth rate of the P/E ratios are
also calculated and given below:
Calculate the geometric mean growth rat
35.
A quantity that measures the variation of a population or a sample relative to its mean is called
the
A. Range
B. Standard deviation
C. Coefficient of variation
D. Variance
E. Interquartile range
AACSB: Reflective Thinking
Blooms: Knowledge
Bowerman -