SlideShare a Scribd company logo
1 of 8
RES 341 FINAL EXAMS
CLICK HERE TO DOWNLOAD
1) Unstructured interviews are best used for
A. measuring worker productivity
B. solving manufacturing defect problems
C. assessing management effectiveness
D. asking individualized questions with no specific order
2) A recent study of breast cancer revealed that 13% of the women in the sample used antibiotics
more than 500 days in their lifetime. Further, 79% of these “heavy antibiotics users” developed
breast cancer. According to the American Cancer Society, one in twelve women will develop
breast cancer at some time in her life. Of the numbers mentioned, which are parameters?
A. 13% and 79%
B. 13% and one in twelve
C. 79% and 500 days
D. 79% and one in twelve
3) Basic business research methods would be used to
A. identify factors that affect worker absenteeism
B. evaluate a retail store’s inventory tracking system
C. assess consumer acceptance of a redesigned computer keyboard
D. determine the effect of a 10% price increase on the sale of school supplies
4) The collection and summarization of the socioeconomic and physical characteristics of the
employees of a particular firm is an example of
A. inferential statistics
B. descriptive statistics
C. a parameter
D. an estimation
5) Which of the following is an example of statistical inference?
A. Counting the number of patients who file malpractice suits after being discharged from
hospitals in New York
B. Calculating the mean number of fruit trees damaged by Mediterranean fruit flies in
California last year
C. Calculating the mean age of patients discharged from hospitals in New York in 1997
D. Calculating the amount of fly spray needed for your orchard next season
6) A logically conjectured statement that describes the relationship between two or more
variables and is formulated for empirical testing is a
A. hypothesis
B. theory
C. construct
D. thesis statement RES 341 Final Exam
7) The variable that causes a measurable effect or change on the dependent variable is
A independent
B. dependent
C. intervening
D. moderating
8) Survey questionnaires may be effectively used for research to determine
A. defect rates in automobile parts coming off a production line
B. the effect of price changes on sales volume
C. the attitudes of prospective voters
D. how temperature and humidity affect concrete cure time
9) A company is designing a survey to obtain information on the reliability of a product it sells.
To obtain the most valid research information, who should the company send this type of survey
to?
A. A random sample of its customers
B. Vendors
C. Customers who have bought the product
D. Employees
10) The following practice is considered ethical when conducting business research:
A. Disclosing some, but not all, financial interests that may affect research
B. Allowing participants to withdraw from a business research project whenever they ask to do
so
C. Keeping minimal records of research activities and research design
D. Revealing only a small part of the purpose of the business research project
11) If a population distribution is skewed to the right, then given a random sample from that
population, one would expect that the
A. median is greater than the mean
B. mode is equal to the mean
C. median is less than the mean
D. median is equal to the mean
12) RES 341 Final Exam
Textbook Price Number of Textbooks
$25 to $35 2
$35 to $45 16
$45 to $55 5
$55 to $65 7
$65 to $75 20
Estimate the standard deviation of the price of a textbook.
A. 14.03
B. 33.85
C. 196.78
D. 729.00
13)
Textbook Price Number of Textbooks
$25 to $34.99 2
$35 to $44.99 16
$45 to $54.99 5
$55 to $64.99 7
$65 to $74.99 20
Estimate the mean price of a textbook.
A. $554.00
B. $11.08
C. $60.00
D. $55.40
14) A supermarket has determined that daily demand for eggs has a bell-shaped distribution,
with a mean of 55 cartons and a standard deviation of six cartons. If the supermarket begins each
morning with a stock of 61 cartons of eggs, approximately what percentage of days will there be
a surplus of eggs?
A. 16%
B. 18%
C. 68%
D. 84%
15) Which of these measurement scales has a rank order associated with its use?
A. Ratio
B. Ordinal
C. Nominal
D. Likert
16) Identify the scale that has no meaningful zero.
A. Nominal
B. Ordinal
C. Interval
D. Ratio
17) __________ is a measure of the chance that an uncertain event will occur.
A. Random experiment
B. Sample space
C. Probability
D. A complement
18) The Information Commons in the main library has 150 personal computers. The probability
that any of them will require repair on a given day is 0.02. To find the probability that 25 of the
computers will require repair, one would use what type of probability distribution?
A. Binomial
B. Poisson
C. Normal
D. Hypergeometric
19) A multiple-choice test has 20 questions. There are four choices for each question. A student
comes to class with four different colored balls of identical shape and size in her pocket. She has
decided to draw one ball from her pocket per question and allow the color of the ball to select the
answer for each question. What type of probability distribution can be used to figure out her
chance of getting 10 questions right?
A. Hypergeometric
B. Poisson
C. Normal
D. Binomial
20) Which of the following cannot generate a Poisson distribution?
A. The number of people at a movie theatre on Friday evening
B. The number of customers arriving at an automatic teller machine (ATM) in a minute
C. The number of defects in a new automobile
D. The number of goals in the World Cup soccer game
21) Which of the following is a characteristic of every binomial distribution?
A. Each outcome is dependent on the previous outcome.
B. The probability of success increases from trial to trial.
C. Each outcome is mutually exclusive.
D. The outcome of the trial depends on the number of trials.
22) The average qualifying speed for a championship NASCAR® race is 145.65 mph and the
standard deviation is 9.45 mph. Only drivers who obtain z-scores greater than 1.2 will qualify for
the race. If the speeds are normally distributed, what minimum speed must be clocked to
compete for the trophy?
A. 146.9 mph
B. 155.2 mph
C. 157.0 mph
D. 174.8 mph
23) Trudy Jones recently completed her certification examination and learned that her z-score
was -2.5. The examining board also informed her that a failure to pass would equal all scores that
were one or more standard deviations below the mean and that those with scores higher than two
standard deviations above the mean would receive a special commendation award. Trudy can
conclude that she
A. failed the exam
B. needs more data to determine if she passed the exam
C. passed the exam and will receive a special commendation award
D. passed the exam, but no commendation award is forthcoming
24) The use of the student’s distribution requires which of the following assumptions?
A. The sample size is greater than 30.
B. The population variance is known.
C. The population is normal.
D. The sample is drawn from a positively skewed distribution.
25) The standard error of the sample mean is equal to 5 when n=25. If the sample size increases
by a factor of four, how will the standard error change?
A. It will be double.
B. It will be cut in half.
C. It will be cut to 1/4 of 5.
D. It will quadruple.
26) For a sample size of 1, the sampling distribution of the mean will be normally distributed
A. regardless of the shape of the population
B. only if the shape of the population is positively skewed
C. only if the population values are larger than 30
D. only if the population is normally distributed
27) A 95% confidence interval for the population mean indicates that
A. with an infinite number of samples, there’s a 5% chance that the population mean will be
outside the interval
B. more sampling is required to increase the confidence interval to 100%
C. the sampling process is biased
D. 95% of the observations from any sample will fall within the interval
28) A random sample of 16 ATM transactions at the First National Bank of Flintrock revealed a
mean transaction time of 2.8 minutes with a standard deviation of 1.2 minutes. The width, in
minutes, of the 95% confidence interval for the true mean transaction time is
A. ± 0.639
B. ± 0.588
C. ± 0.300
D. ± 2.131
29) All other things being equal, which is narrower, a 95% confidence interval with n=100 or a
99% confidence interval with n=30?
A. The 95% confidence interval
B. The 99% confidence interval
C. The same width
D. Need the margin of error to tell
30) When the only sources of variation in a production process are caused by chance, the process
is said to be
A. out of balance but under control
B. out of control but in balance
C. under control
D. out of control
RES 341 Final Exam

More Related Content

More from gradings

Fin 571 final exams 3
Fin 571 final exams 3Fin 571 final exams 3
Fin 571 final exams 3gradings
 
Mgt 420 final exams
Mgt 420 final examsMgt 420 final exams
Mgt 420 final examsgradings
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams gradings
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams gradings
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams gradings
 
Fin 571 final exams
Fin 571 final exams Fin 571 final exams
Fin 571 final exams gradings
 
Fin 571 final exams
Fin 571 final exams Fin 571 final exams
Fin 571 final exams gradings
 
Bus 475 final exams
Bus 475 final exams Bus 475 final exams
Bus 475 final exams gradings
 
Bus 475 final exams
Bus 475 final exams Bus 475 final exams
Bus 475 final exams gradings
 

More from gradings (9)

Fin 571 final exams 3
Fin 571 final exams 3Fin 571 final exams 3
Fin 571 final exams 3
 
Mgt 420 final exams
Mgt 420 final examsMgt 420 final exams
Mgt 420 final exams
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams
 
Mgt 307 final exams
Mgt 307 final exams Mgt 307 final exams
Mgt 307 final exams
 
Fin 571 final exams
Fin 571 final exams Fin 571 final exams
Fin 571 final exams
 
Fin 571 final exams
Fin 571 final exams Fin 571 final exams
Fin 571 final exams
 
Bus 475 final exams
Bus 475 final exams Bus 475 final exams
Bus 475 final exams
 
Bus 475 final exams
Bus 475 final exams Bus 475 final exams
Bus 475 final exams
 

Recently uploaded

IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024Matteo Carbone
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...ShrutiBose4
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadAyesha Khan
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 

Recently uploaded (20)

Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 

RES 341 FINAL EXAMS

  • 1. RES 341 FINAL EXAMS CLICK HERE TO DOWNLOAD 1) Unstructured interviews are best used for A. measuring worker productivity B. solving manufacturing defect problems C. assessing management effectiveness D. asking individualized questions with no specific order 2) A recent study of breast cancer revealed that 13% of the women in the sample used antibiotics more than 500 days in their lifetime. Further, 79% of these “heavy antibiotics users” developed breast cancer. According to the American Cancer Society, one in twelve women will develop breast cancer at some time in her life. Of the numbers mentioned, which are parameters? A. 13% and 79% B. 13% and one in twelve C. 79% and 500 days D. 79% and one in twelve 3) Basic business research methods would be used to A. identify factors that affect worker absenteeism B. evaluate a retail store’s inventory tracking system C. assess consumer acceptance of a redesigned computer keyboard D. determine the effect of a 10% price increase on the sale of school supplies 4) The collection and summarization of the socioeconomic and physical characteristics of the employees of a particular firm is an example of A. inferential statistics B. descriptive statistics C. a parameter D. an estimation
  • 2. 5) Which of the following is an example of statistical inference? A. Counting the number of patients who file malpractice suits after being discharged from hospitals in New York B. Calculating the mean number of fruit trees damaged by Mediterranean fruit flies in California last year C. Calculating the mean age of patients discharged from hospitals in New York in 1997 D. Calculating the amount of fly spray needed for your orchard next season 6) A logically conjectured statement that describes the relationship between two or more variables and is formulated for empirical testing is a A. hypothesis B. theory C. construct D. thesis statement RES 341 Final Exam 7) The variable that causes a measurable effect or change on the dependent variable is A independent B. dependent C. intervening D. moderating 8) Survey questionnaires may be effectively used for research to determine A. defect rates in automobile parts coming off a production line B. the effect of price changes on sales volume C. the attitudes of prospective voters D. how temperature and humidity affect concrete cure time 9) A company is designing a survey to obtain information on the reliability of a product it sells. To obtain the most valid research information, who should the company send this type of survey to? A. A random sample of its customers
  • 3. B. Vendors C. Customers who have bought the product D. Employees 10) The following practice is considered ethical when conducting business research: A. Disclosing some, but not all, financial interests that may affect research B. Allowing participants to withdraw from a business research project whenever they ask to do so C. Keeping minimal records of research activities and research design D. Revealing only a small part of the purpose of the business research project 11) If a population distribution is skewed to the right, then given a random sample from that population, one would expect that the A. median is greater than the mean B. mode is equal to the mean C. median is less than the mean D. median is equal to the mean 12) RES 341 Final Exam Textbook Price Number of Textbooks $25 to $35 2 $35 to $45 16 $45 to $55 5 $55 to $65 7 $65 to $75 20 Estimate the standard deviation of the price of a textbook. A. 14.03 B. 33.85 C. 196.78
  • 4. D. 729.00 13) Textbook Price Number of Textbooks $25 to $34.99 2 $35 to $44.99 16 $45 to $54.99 5 $55 to $64.99 7 $65 to $74.99 20 Estimate the mean price of a textbook. A. $554.00 B. $11.08 C. $60.00 D. $55.40 14) A supermarket has determined that daily demand for eggs has a bell-shaped distribution, with a mean of 55 cartons and a standard deviation of six cartons. If the supermarket begins each morning with a stock of 61 cartons of eggs, approximately what percentage of days will there be a surplus of eggs? A. 16% B. 18% C. 68% D. 84% 15) Which of these measurement scales has a rank order associated with its use? A. Ratio B. Ordinal C. Nominal D. Likert
  • 5. 16) Identify the scale that has no meaningful zero. A. Nominal B. Ordinal C. Interval D. Ratio 17) __________ is a measure of the chance that an uncertain event will occur. A. Random experiment B. Sample space C. Probability D. A complement 18) The Information Commons in the main library has 150 personal computers. The probability that any of them will require repair on a given day is 0.02. To find the probability that 25 of the computers will require repair, one would use what type of probability distribution? A. Binomial B. Poisson C. Normal D. Hypergeometric 19) A multiple-choice test has 20 questions. There are four choices for each question. A student comes to class with four different colored balls of identical shape and size in her pocket. She has decided to draw one ball from her pocket per question and allow the color of the ball to select the answer for each question. What type of probability distribution can be used to figure out her chance of getting 10 questions right? A. Hypergeometric B. Poisson C. Normal D. Binomial 20) Which of the following cannot generate a Poisson distribution?
  • 6. A. The number of people at a movie theatre on Friday evening B. The number of customers arriving at an automatic teller machine (ATM) in a minute C. The number of defects in a new automobile D. The number of goals in the World Cup soccer game 21) Which of the following is a characteristic of every binomial distribution? A. Each outcome is dependent on the previous outcome. B. The probability of success increases from trial to trial. C. Each outcome is mutually exclusive. D. The outcome of the trial depends on the number of trials. 22) The average qualifying speed for a championship NASCAR® race is 145.65 mph and the standard deviation is 9.45 mph. Only drivers who obtain z-scores greater than 1.2 will qualify for the race. If the speeds are normally distributed, what minimum speed must be clocked to compete for the trophy? A. 146.9 mph B. 155.2 mph C. 157.0 mph D. 174.8 mph 23) Trudy Jones recently completed her certification examination and learned that her z-score was -2.5. The examining board also informed her that a failure to pass would equal all scores that were one or more standard deviations below the mean and that those with scores higher than two standard deviations above the mean would receive a special commendation award. Trudy can conclude that she A. failed the exam B. needs more data to determine if she passed the exam C. passed the exam and will receive a special commendation award D. passed the exam, but no commendation award is forthcoming 24) The use of the student’s distribution requires which of the following assumptions? A. The sample size is greater than 30.
  • 7. B. The population variance is known. C. The population is normal. D. The sample is drawn from a positively skewed distribution. 25) The standard error of the sample mean is equal to 5 when n=25. If the sample size increases by a factor of four, how will the standard error change? A. It will be double. B. It will be cut in half. C. It will be cut to 1/4 of 5. D. It will quadruple. 26) For a sample size of 1, the sampling distribution of the mean will be normally distributed A. regardless of the shape of the population B. only if the shape of the population is positively skewed C. only if the population values are larger than 30 D. only if the population is normally distributed 27) A 95% confidence interval for the population mean indicates that A. with an infinite number of samples, there’s a 5% chance that the population mean will be outside the interval B. more sampling is required to increase the confidence interval to 100% C. the sampling process is biased D. 95% of the observations from any sample will fall within the interval 28) A random sample of 16 ATM transactions at the First National Bank of Flintrock revealed a mean transaction time of 2.8 minutes with a standard deviation of 1.2 minutes. The width, in minutes, of the 95% confidence interval for the true mean transaction time is A. ± 0.639 B. ± 0.588 C. ± 0.300 D. ± 2.131
  • 8. 29) All other things being equal, which is narrower, a 95% confidence interval with n=100 or a 99% confidence interval with n=30? A. The 95% confidence interval B. The 99% confidence interval C. The same width D. Need the margin of error to tell 30) When the only sources of variation in a production process are caused by chance, the process is said to be A. out of balance but under control B. out of control but in balance C. under control D. out of control RES 341 Final Exam