Saturday, 11 August 2018

Statistical Analysis Lesson


Statistical Analysis Lesson
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QUESTION 1
From the histogram or ogive of the variable "Pay", the percentage of the sample paid more than $40000 is:

                92.97%

                22.68%

                7.03%

                0.96%
0.7 points  
QUESTION 2
Which of the following chart types would be best to illustrate the frequency of distribution of the variable "Age"?

                Pie chart

                Scatter plot

                Line graph

                Histogram

                Bar chart
0.65 points  
QUESTION 3
Which of the following variables is an example of nominal data:


                Age

                Pay

                Experience

                Tenure

                Gender
0.65 points  
QUESTION 4
The most appropriate measure of central tendency when you have "outliers" or extreme values in your dataset is:


                Median

                Mean and mode

                Harmonic Mean

                Only the mode
0.65 points  
QUESTION 5
Which of the following is an appropriate measure of variability for the variable Gender:


                IQR

                Range

                25th percentile

                Variance

                None of the above
0.65 points  
QUESTION 6
The skewness of the variable Experience is:


                0.33

                0.29

                -0.22

                -0.63

                -3.33
0.65 points  
QUESTION 7
The kurtosis of the variable Experience is:


                -0.63

                -0.09

                -0.22

                2.03

                2.37
0.65 points  
QUESTION 8
Using the mean and the standard deviation for the variable AGE, approximately what value would lie three standard deviations to the right of the mean and therefore be considered an "outlier"?

                32

                123

                76

                65
0.65 points  
QUESTION 9
Based on the Empirical Rule, what proportion of a normally distributed sample lies within two standard deviations of the mean?

                89%

                95.0%

                3.8%

                2.6%
0.65 points  
QUESTION 10
For a population comprising 30% males, what is the probabilility of drawing a random sample of 313 and getting more than 94 males? Hint: use the binomial distribution.

                4.9%

                30.0%

                46.7%

                50.0%

                53.3%
0.65 points  
QUESTION 11
If the variable "Education" were uniformly distributed over the range measured in the sample, the mean would be:

                12

                13

                16

                20

                Cannot be calculated
0.65 points  
QUESTION 12
Assume that Pay follows a normal distribution with the parameters measured by the sample. Using this information, what proportion of the population earns less than $37500?

                1.3%

                3.0%

                5.6%

                97.0%

                98.0%
0.65 points  
QUESTION 13
Assume that Pay follows a normal distribution with the parameters measured by the sample. Using this information, what proportion of the population earns between $45000 and $55000?

                20.9%

                48.6%

                52.4%

                73.3%

                Cannot be calculated
0.65 points  
QUESTION 14
The lower bound of the 90% confidence interval for the mean of the variable "Pay" is:

                $49632

                $49878

                $50004

                $51432

                $51678
0.65 points  
QUESTION 15
The upper limit of the 95% confidence interval for the proportion of males in the sample is:

                23.4%

                25.0%

                25.8%

                35.1%

                36.7%
0.65 points  
QUESTION 16
In order test whether the mean Experince is more than 15 years, the hypotheses should be set up as follows:






                H¬¬¬0¬: µ≥15 and HA: µ≤15

                H¬¬¬0¬: µ≠15 and HA: µ=15

                H¬¬¬0¬: µ=15 and HA: µ≠15

                H¬¬¬0¬: µ≤15 and HA: µ>15

                H¬¬¬0¬: µ≥15 and HA: µ<15
0.65 points  
QUESTION 17
For the equivalent group of employees at Ellion, the mean gross annual remuneration is $51500 with a standard deviation of $7000. At a 10% significance level, testing the hypothesis that the results from the BizProsammmple are the same results in the following decision:

                Reject  H¬¬¬0

                Reject  HA

                Accept  H¬¬¬0

                Do not reject  H¬¬¬0

                Do not reject  HA
0.65 points  
QUESTION 18
When testing the hypothess that the proportion of males in the sample is 35% at a 5% significance level, the decision is:

                Accept the null hypothesis

                Do not reject the null hypothesis

                Reject the null hypothesis

                Reject the alternative hypothesis

                Do not reject the alternative hypothesis
0.65 points  
QUESTION 19
The correlation between Education and Pay indicates that:

                As Education increases, Pay decreases

                As Education increases, Pay increases

                As Education decreases, Pay increases

                Pay causes Education

                Education causes Pay
0.65 points  
QUESTION 20
At a 1% significance level:

                Pay and Tenure are correlated

                Pay and Experience are correlated

                Pay and Education are correlated

                Education and Tenure are correlated

                None of the above
0.65 points  
QUESTION 21
The regression equation between Pay (dependent variable) and Education (independent variable) accounts for:

                81.9% of the variance in Pay

                81.4%  of the variance in Pay

                43.4%  of the variance in Pay

                18.9%  of the variance in Pay
0.65 points  
QUESTION 22
The regression equation between Pay (dependnet variable) and Education (independent variable) may be written as follows"

                Pay = 2786 + 206*Education

                Pay = 27138 + 1753*Education

                Pay = 206 + 27138*Pay

                Pay = 206 + 2786*Education

                Education = 2713 + 1753*Pay
0.65 points  
QUESTION 23
The regression equation between Pay (dependnet variable) and Education (independent variable)

                An extra year of education results in an increase in Pay of $27138

                An extra year of education results in an increase in Pay of $2786

                An extra year of education results in an increase in Pay of $1753

                An extra year of education results in an increase in Pay of $206

                This cannot be determined from the regression equation


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