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Business Statistics Study Set 4
Quiz 7: Alcohol and Tobacco
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Question 21
Multiple Choice
A ------- sample is a sample in which every member of the population has an equal chance of being chosen.
Question 22
Multiple Choice
For a sample size of two or more, the standard error of the mean must be --------.
Question 23
Multiple Choice
The statistical technique where many samples are repeatedly drawn from a population is known as
Question 24
Multiple Choice
A recent study reported that 28% of shoppers only review one page when searching online for product information. A random sample of 100 shoppers was randomly selected. What is the probability that between 20 and 30 of these shoppers only review one page when searching online?
Question 25
Multiple Choice
According to Net Market Share, Microsoft's Internet Explorer browser has 53.4% of the global market. A random sample of 70 users was selected. What is the probability that 32 or more from this sample used Internet Explorer as their browser?
Question 26
Multiple Choice
According to comScore, Facebook users spent an average of 432 minutes on the site during a recent month. Assume that this population has a standard deviation of 127 minutes. A random sample of 50 users was selected from this population. What is the probability that the average number of minutes on the site in the recent month was less than 410 minutes?
Question 27
Multiple Choice
The national average price for regular gasoline was recently reported to be $3.29 per gallon. The standard deviation for the price of regular gasoline was $0.12. A random sample of 33 gas stations had an average price of $3.26. Which of the following statements is correct?
Question 28
Multiple Choice
The Central Limit Theorem requires
Question 29
Multiple Choice
As the size of the sample increases, the ---------.
Question 30
Multiple Choice
Recently, the average amount of time to foreclose on a house in the U.S. was reported to be 359 days. Assume that the standard deviation for this population is 90.4 days. A random sample of 42 homes that have completed the foreclosure process was selected. What is the probability that the sample average was less than 375 days?
Question 31
Multiple Choice
A statistics class has 140 students of which 55% are female. A random sample of 40 students was selected. What is the probability that 24 or more from this sample will be female?
Question 32
Multiple Choice
A key metric in the cell phone industry is average revenue per user (ARPU) which represents the average dollar amount that a customer spends per store visit. Recently, AT&T reported their ARPU was $67.81. Suppose the standard deviation for this population is $18.45. What is the probability that the ARPU will be between $62 and $66 from a random sample of 35 customers?
Question 33
Multiple Choice
According to market research surveys, HP controls 60% of the color inkjet printer market in the U.S. A random sample of 120 inkjet users was selected. What is the probability that 65 or fewer of these individuals used an HP printer?