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Statistics
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Basic Business Statistics
Quiz 8: Sampling Methods and the Central Limit Theorem
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Question 61
Multiple Choice
A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week.Based on a simple random sample,they surveyed 144 students.The statistics showed that students studied an average of 20 hours per week with a standard deviation of 10 hours.What is the probability that a sample mean would exceed 20 hours per week?
Question 62
Short Answer
Sometimes,sampling from a population may be preferred because collecting statistics may require that products be ___________.
Question 63
Multiple Choice
A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week.Based on a simple random sample,they surveyed 144 students.The statistics showed that students studied an average of 20 hours per week with a standard deviation of 10 hours.What is the standard error of the mean?
Question 64
Multiple Choice
The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15.What is the probability that a person would score between 85 and 115?
Question 65
Multiple Choice
An accounting firm is planning for the next tax preparation season.From last year's returns,the firm collects a systematic random sample of 100 filings.The 100 filings showed an average preparation time of 90 minutes with a standard deviation of 140 minutes.What is the probability that the mean completion time is between 1 and 2 hours,i.e. ,60 and 120 minutes?
Question 66
Multiple Choice
Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles.You bought four tires.What is the probability that the average mileage of the four tires exceeds 66,000 miles?
Question 67
Multiple Choice
The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15.Given a class with 25 students,what is the probability that the class' average IQ score is between 85 and 115?
Question 68
Multiple Choice
Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles.What is the probability that a tire lasts between 54,000 and 66,000 miles?
Question 69
Multiple Choice
A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week.Based on a simple random sample,they surveyed 144 students.The statistics showed that students studied an average of 20 hours per week with a standard deviation of 10 hours.What is the probability of finding a sample mean less than 18 hours?
Question 70
Multiple Choice
The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15.You enrolled in a class of 25 students.What is the probability that the class' average IQ exceeds 130?
Question 71
Short Answer
Sampling from a population may be preferred because studying all the items in a population may be too _____________.
Question 72
Short Answer
What type of sampling is it when a population is first divided into subgroups and then a sample is selected from each subgroup? _________
Question 73
Short Answer
Auditors may select every 20
th
file starting with say,the 5
th
file in the top drawer.Then file numbers 25,45,65,85,...are audited.What type of sampling is this? _________________