STAT-S301 Spring 2016 Final Exam Practice 2
1. A benefit of point estimates is that they provide information about their accuracy.
A) True
B) False
Answer: B
Comment: This is the benefit of interval e
STAT-S301 Spring 2016 Final Exam Practice
1
1. A _ for the mean is an interval estimate around a sample mean that provides us with a range of
plausible values for the true population mean.
A) confiden
Quiz 10
1. The time to complete the construction of a soapbox derby car is normally distributed with
a mean of three hours and a standard deviation of one hour. Find the probability that it
would take
Quiz 7
1. A sample space contains _.
A. Outcomes of the relevant
events
B. Several outcomes of an
experiment
C. All possible outcomes of an
experiment
D. One of several outcomes of an
experiment
2. Ev
Quiz 12
1. What is the relationship between the expected value of the sample mean and the
expected value of the population?
A.
B.
C.
D.
2. How does the variance of the sample mean compare to the varia
STAT-S301 SPRING 2016 Midterm - Practice 1
1. Asking customers at the shopping mall about their voting intentions in the upcoming political election is an
example of secondary data.
A) True
B) False
A
Case Weatherhead School of Management
MSBA 433
Fall 2015
Homework 1 Due Monday, July 25 at the beginning of the class. Turn in a hard copy
of your answers. To be done individually or in a team of two
13. The weight of people in a small town in Missouri is known to be normally distributed with a mean of 180 pounds and a standard deviation of 28 pounds. On a ra
across the river, a sign states, Maxim
Quiz 8
1.
Bayes' theorem is used to update prior probabilities
based on the arrival of new relevant information.
TRUE
2.
Combinations are used when the order in which different objects are arranged ma
Quiz 9
1.
A continuous random variable is characterized by uncountable values and can take on any value
within an interval.
TRUE
2.
We are often interested in finding the probability that a continuous
Quiz 11
1. Bias refers to the tendency of a sample statistic to systematically over- or underestimate a
population parameter.
TRUE
2.
Selection bias occurs when the sample is mistakenly divided into s