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QNT 561 Final

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QNT 561 Final Exam (Latest)


1. A random sample of size 15 is selected from a
normal population. The population standard deviation is
unknown. Assume the null hypothesis indicates a twotailed test and the researcher decided to use the 0.10
significance level. For what values of t will the null
hypothesis not be rejected?

To the left of -1.645 or to the right of 1.645


To the left of -1.345 or to the right of 1.345
Between -1.761 and 1.761
To the left of -1.282 or to the right of 1.282

2. Which of the following is a characteristic of the F


distribution?
Normally distributed
Negatively skewed

Equal to the t-distribution


Positively skewed
3. For a chi-square test involving a contingency table,
suppose the null hypothesis is rejected. We conclude
that the two variables are __________.

related
curvilinear
linear
not related

4. A sales manager for an advertising agency believes


that there is a relationship between the number of
contacts that a salesperson makes and the amount of
sales dollars earned. What is the dependent variable?

sales managers
amount of sales dollars
salesperson
number of contacts

5. Which of the following is


displayed with a frequency table?

most

appropriately

What percentage of people prefer Hunt's brand


ketchup
The home location of the most valuable customers
How much explanatory value comes from the
study's variables
The relationship between gender and job
performance

6. The manager of Paul's fruit and vegetable store is


considering the purchase of a new seedless watermelon
from a wholesale distributor. Since this seedless
watermelon costs $4, will sell for $7, and is highly
perishable, he only expects to sell between six and nine
of them. What is the opportunity loss for purchasing
nine watermelons when the demand is for seven
watermelons?

8
4
12
0

7. A firm offers routine physical examinations as part of


a health service program for its employees. The exams
showed that 8% of the employees needed corrective
shoes, 15% needed major dental work, and 3% needed
both corrective shoes and major dental work. What is
the probability that an employee selected at random
will need either corrective shoes or major dental work?

.25
1.00
.50
.20

8. When data is collected using a qualitative, nominal


variable, what is true about a frequency distribution
that summarizes the data?

The upper and lower class limits must be


calculated.
The number of classes is equal to the number of
variables plus 2.
The 5 to the k rule can be applied.
A pie chart can be used to summarize the data.
9. If an ANOVA test is conducted and the null
hypothesis is rejected, what does this indicate?

The p-value is less than a.


All population means are different.
At least one pair of population means is different.
The population means are equal.

10. A random sample of 20 items is selected from a


population. When computing a confidence interval for
the population mean, what number of degrees of
freedom should be used to determine the appropriate tvalue?

25
21
19
20

11. The question, "Should products be withdrawn if


even one death is associated with its prescribed use,
even if no fault for the tampered product accrues to the
manufacturer?" is an example of a(n) _____.
strip data mining issue

unresearchable question
ill-defined problem
favored-technique problem

12. A large department store examined a sample of the


18 credit card sales and recorded the amounts charged
for each of three types of credit cards: MasterCard,
Visa, and Discover. Six MasterCard sales, seven Visa,
and five Discover sales were recorded. The store used
an ANOVA to test if the mean sales for each credit card
were equal. What are the degrees of freedom for the F
statistic?

2 in the numerator, 15
6 in the numerator, 15
18 in the numerator, 3
3 in the numerator, 18

in
in
in
in

the
the
the
the

denominator
denominator
denominator
denominator

13. A linear trend equation is used to represent time


series values when the data are changing by equal
what?

amounts
percents and proportions
proportions
percents

14. Which of the following goals should a good survey


instrument accomplish?

Encourage each participant to provide accurate


responses
Encourage participants to be succinct in their
responses
Encourage participants to answer only those
questions they are comfortable answering
Encourage participants to end the survey when
they
feel
they
have
contributed
enough
information
15. Kroger, a grocery store chain, wants to identify the
ideal store layout for increasing store sales. Because it
primarily uses two store designs, one a grid layout with
vertical aisles divided by a center aisle and another
using a traditional straight-aisle pattern, Kroger will
match pairs of stores that have different designs but
similar shopper demographics and location. Sales from
each pair will then be compared to determine if store
design is related to sales. Which type of study is this an
example of?

Exploratory study
Case study
Ex post facto study
Longitudinal study

16. Bones Brothers & Associates prepare individual tax


returns. Over prior years, Bones Brothers has
maintained careful records regarding the time to
prepare a return. The mean time to prepare a return is
90 minutes and the standard deviation of this

distribution is 14 minutes. Suppose 100 returns from


this year are selected and analyzed regarding the
preparation time. What assumption do you need to
make about the shape of the population distribution of
all possible tax preparation times to make inferences
about the mean time to complete a tax form?
The population distribution is skewed to the left.
The population distribution is skewed to the right.
The shape of the population distribution does not
matter.
The population distribution is normal.

17. Checklists with several items to be considered by


respondents may be subject to _____.

recency effects
leniency effects
halo effects
primacy effects

18. In a multiple rating list scale, ____.


participants rate multiple items on a 3-point scale
the participant is restricted to circling their rating
it is possible to visualize the results better than
with other numerical scales
the data generated are always ordinal

19. As the size of the sample increases, what happens


to the shape of the distribution of sample means?

It
It
It
It

cannot be predicted in advance


is positively skewed
is negatively skewed
approaches a normal distribution

20. For any chi-square goodness-of-fit test, the number


of degrees of freedom is found by ______.

n+k
k -1
nk-1
n+1

21. BankChoice is concerned about stagnating profits


and asks, "How can profitability be improved?" This is
an example of a(n) _____.

research question
measurement question
management question
investigative question

22. A machine is set to fill the small-size packages of


M&M candies with 56 candies per bag. A sample
revealed three bags of 56, two bags of 57, one bag of
55, and two bags of 58. To test the hypothesis that the
mean candies per bag is 56, how many degrees of
freedom are there?
1
7

9
8
23. An experimental study is one that _____.
attempts to reveal why or how one variable
produces changes in another
involves manipulation of one or more variables to
determine the effect on another variable
attempts to capture a population's characteristics
by
making
inferences
from
a
sample's
characteristics and testing resulting hypotheses
discovers answers to the questions who, what,
when, where, or how much
24. The monthly salaries of a sample of 100 employees
were rounded to the nearest $10. They ranged from a
low of $1,040 to a high of $1,720. If we want to
condense the data into seven classes, what is the most
convenient class interval?

$200
$50
$150
$100

25. Consider a regression analysis, where the


correlation coefficient is 0.18. Then, the coefficient of
determination is _______.
.0324

.36
1.16
.424

26. In multiple regression analysis, when


independent variables are highly correlated,
situation is called __________________.

the
this

homoscedasticity
curvilinearity
multicollinearity
autocorrelation

27. Sam's Club installed self-checkout stations that can


track not only member's purchases but also packaging
problems, as the system uses universal product codes
to match the item the shopper has in their cart with its
price and inventory level in the store, generating a
spreadsheet style report for the researcher. If you
consider the scanner as the tool for collecting data for
Sam's researchers, they are doing data entry by ____.

spreadsheet
Optical Character Recognition
Field editing
Voice recognition

28. The weekly incomes of a large group of executives


are normally distributed with a mean of $2,000 and a
standard deviation of $100. What is the z-score for an
income of $2,100?

1.683
0.90
2.00
1.00

29. A ranking scale is a scale that _____.


scores an object without making a direct
comparison to another object
groups participants
groups concepts according to specific criteria
scores an object by making a comparison and
determining order among two or more objects
30. What is the interpretation of a 96% confidence
level?
The interval contains 96% of all sample means.
Approximately 96 out of 100 such intervals would
include the true value of the population parameter.
There's a 96% chance that the given interval
includes the true value of the population
parameter.
There's a 4% chance that the given interval does
not include the true value of the population
parameter.

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