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Statistics
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Managerial Statistics
Quiz 4: Numerical Descriptive Techniques
Path 4
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Question 1
Multiple Choice
Which of the following is correct about the shape of a distribution?
Question 2
Short Answer
Statisticians usually apply graphical techniques as a first step in analyzing data because we first need to know the ____________________ of the distribution.
Question 3
True/False
Statisticians typically apply graphical techniques as a first step in a data analysis because we first need to know the shape of the distribution.
Question 4
True/False
If
∑
x
i
=
7587
\sum x _ { i } = 7587
∑
x
i
=
7587
,
∑
y
i
=
7106.4
\sum y _ { i } = 7106.4
∑
y
i
=
7106.4
, n = 12, and the slope equals 0.5, then the y-intercept of the least squares line is b
0
= 276.08.
Question 5
Essay
What statistics and graphs can you use to answer the following question: Is the distribution symmetric? If not, is it skewed? If symmetric, is it bell shaped?
Question 6
True/False
The coefficient of correlation and the least squares line both describe the relationship between two interval variables.
Question 7
True/False
If the covariance of x and y is 26.16, and the standard deviation of x is 32.7, then the slope of the least squares line is b
1
=.80.
Question 8
Essay
What statistics and graphs can you use to answer the following questions: Is the distribution unimodal, bimodal, or multimodal? If there is more than one mode, where are the peaks, and where are the valleys?
Question 9
Multiple Choice
A scatter diagram reveals a strong positive linear relationship between oil and gasoline prices. Which of the following numerical techniques will not give us more detailed information about this relationship?