Chapter 6:
Elements of Hypothesis Testing:
1. Null (H0) hypothesis accepted unless evidence (ALWAYS contains =, , )
2. Alternative (H1 or H)- accepted IF evidence
3. Test statistics- from sample data
4. Rejection region
5. Assumption about distribution o
MGT 501 Statistical Analysis for Business Decisions
Chapter 2 Method for Describing Sets of Data
Q1. Key terms
a. What is class? What is class frequency? What is class relative frequency? What is class
percentage?
b. What are the tools that can be used to
MGT 501 Statistical Analysis for Business Decisions
Chapter 11 Multiple Regression and Model Building
Q1. Multiple vs. simple regression model
a. What are the differences between multiple and simple regression?
b. What is the general form of multiple regr
MGT 501 Statistical Analysis for Business Decisions
Chapter 10 Simple Linear Regression
Q1. Deterministic vs. Probabilistic Model
1. What is deterministic model and what is probabilistic model?
2. What is the general form of probabilistic model?
3. What i
MGT 501 Statistical Analysis for Business Decisions
Chapter 7 Inferences based on two samples
Q1. Large sample confidence interval
Youre a financial analyst for Charles Schwab. You want to estimate the difference in dividend
yield between stocks listed on
MGT 501 Statistical Analysis for Business Decisions
Chapter 6 Inferences based on a single sample: tests of hypotheses
Q1. Terms and elements of hypothesis testing
a. What are the elements of hypothesis testing?
b. What is null hypothesis
c. What is alter
MGT 501 Statistical Analysis for Business Decisions
Chapter 5 Inferences based on a single sample: estimation with confidence
intervals
Q1. Point vs. interval estimation
a. Statistical methods
b. What is target parameter?
The unknown population parameter
Statistical Analysis for Business Decisions
Chapter 6 7 Sample Exam
Instructor Dr. Jack Su
1. Which of the following statements is not true? (B)
a. Null hypothesis is one of the elements of hypothesis testing.
b. Null hypothesis represent the hypothesis t
MGT 501 Statistical Analysis for Business Decisions
Chapter 1 Statistic, Data, and Statistical Thinking
Q1. Descriptive vs. Inferential statistics
a. What is statistics?
b. What are the two processes of the statistics
c. What is descriptive statistics? Wh
MGT 501 Bonus Take Home Exam (30pts accounts for 5% of semester grade)
Name
Student ID
Q1. Given the following data (5pts. 1 pts each)
12, 23, 5, 8, 11, 12
Calculate
a.
b.
c.
d.
e.
Answer:
Mean
Median
Mode
Range
Sample standard deviation
Q2. Use the data