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Statistics
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Basic Business Statistics
Quiz 3: Describing Data: Numerical Measures
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Question 81
Multiple Choice
Based on the Empirical Rule,what percent of the observations will lie between plus or minus two standard deviations from the mean?
Question 82
Multiple Choice
A sample of assistant professors on the business faculty at state supported institutions in Ohio revealed the mean income to be $72,000 for 9 months with a standard deviation of $3,000.Using Chebyshev's Theorem,what proportion of the faculty earns more than $66,000 but less than $78,000?
Question 83
Multiple Choice
The weights (in grams) of the contents of several small bottles are 4,2,5,4,5,2 and 6.What is the sample variance?
Question 84
Short Answer
A small manufacturing company with 52 employees has annual salaries distributed such that the mean is $25,459,the median is $24,798 and the mode is $24,000.An additional foreman is hired at an annual salary of $50,700.What measure of central location that is most affected by the addition of this salary? ____________________.
Question 85
Short Answer
What measure of central location cannot be determined if the distribution has an open-ended class? _____________________.
Question 86
Short Answer
What is the smallest measure of central location in a positively skewed distribution? ____________.
Question 87
Short Answer
If a distribution is highly skewed,what measure of central location should be avoided? _____________.
Question 88
Short Answer
The value that occurs most often in a set of data is called the _____.
Question 89
Multiple Choice
Samples of the wires coming off the production line were tested for tensile strength.The statistical results (in PSI) were:
According to the Empirical Rule,the middle 95 percent of the wires tested between approximately what two values?
Question 90
Multiple Choice
If the sample variance for a frequency distribution consisting of hourly wages was computed to be 10,what is the sample standard deviation?
Question 91
Multiple Choice
The distribution of a sample of the outside diameters of PVC gas pipes approximates a symmetrical,bell-shaped distribution.The arithmetic mean is 14.0 inches,and the standard deviation is 0.1 inches.About 68 percent of the outside diameters lie between what two amounts?
Question 92
Short Answer
A statistic computed by summing all of the values of a distribution and dividing by the number of values is called _____________.
Question 93
Short Answer
What is a characteristic of a population called? __________________.
Question 94
Short Answer
What measure of central location uses all of the observations in its calculation? ______________.
Question 95
Short Answer
Which measure of central location requires that the data be ranked before it is possible to determine it? _____________.
Question 96
Short Answer
A sample revealed that the ages of musicians playing in small local combos are 36,29,37,32,36 and 75.What is the most appropriate measure of central location to represent the ages of the musicians? ______________.