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INDEX 1
STATISTICS FOR BUSINESS
Lecturer
Student ID:
Name:
INSTRUCTIONS
1.
This is an open book examination.
2.
Calculator and dictionary are allowed.
3.
Discussion and material transfer are strictly prohibited.
PART I : (Please answer on the QUESTION SHEET)
30%
2.
3.
Area 4
16.22
18.99
18.55
17.55
18
SS
df
MS
7.165
2.388
2.593
14.738
16
0.921
21.903
19
3.24
b.
4.08
c.
2.46
d.
Other result(s):
Reject the null hypothesis that all the means are equal is:
a.
True
b.
False
INDEX 1
4.
5.
6.
7.
8.
9.
Track
Before
After
226
190
280
210
320
340
235
250
17.75
b.
16.58
c.
18.23
d.
Other result(s):
State the null hypothesis to test that the training was beneficial to this driver:
a.
H0: D = 0
b.
H0: D 0
c.
H0: D 0
d.
Other result(s):
Yes
b.
No
In a multiple regression analysis, MSE = 30, n = 24, k = 3, and SST = 2,000. What is the R2 of
the regression:
a.
0.28
b.
0.315
c.
0.685
d.
3.51
b.
3.83
c.
3.65
d.
Other result(s):
In ANOVA, k = 5, n = 45, = 0.01, the degree of freedom that sum of square error has:
a.
b.
39
c.
40
d.
Other result(s):
10. Suppose that the average volume of a bottle is 333ml. A sample of 100 bottles are randomly
selected with the the variance 169 ml2. What is the probability that the sample mean is in the
range [330.4, 335.6]
INDEX 1
a.
0.955
b.
0.023
c.
d.
Other result(s):
0.159
b.
0.841
c.
d.
Other result(s):
12. Assume that the standard deviation of population is 40grs. The probability that the sample
mean exceeds 210grs is
a.
0.106
b.
0.894
c.
d.
Other result(s):
13. Assume that the standard deviation of population is 40grs. The probability that the sample
mean is in the range [186.84, 213.16] is
a.
0.95
b. 0.9
c.
d.
Other result(s):
Rejected
b.
Failed to reject
17. A random sample of 200 yields 22 defectives. What is the 98% C.I. for the proportion of the
defective products?
a.
[0.053, 0.167]
b.
[0.067, 0.153]
c.
[0.059, 0.161]
d.
Others: (specified)
INDEX 1
18. In order to find the 95%C.I. of the population mean, what assumption we need
a.
b.
c.
All of above
d.
Others: (specified)
19. All the necessary assumptions are given. What is the 95%C.I.
a.
[482.92, 508.83]
b.
[488.17, 503.58]
c.
[486.51, 505.24]
d.
Others: (specified)
20. All the necessary assumptions are given. The upper bound of confident interval is 501.77. What
is the level of significance?
a.
10%
b.
20%
c.
5%
d.
Others: (specified)
True
b.
False
is known
b.
c.
One of a bove
d.
All of above
e.
Others (specified)..
70%
Question 1:
A real estate agent records for each listing the size of the house (in square feet), X1, the number of
bedrooms, X2, the annual average income, X3, in the respective neighborhood to see whether and
how these measures relate to the price, Y. The data for the 25 houses are collected and the multiple
- regression is carried out with = 0.05.
Results are given as follows:
ANOVA Table:
Source
Regn.
SS
df.
MS
619,263
Error
Total
Data Analysis Techniques Final Exam
INDEX 1
R 0.9682
Coefficient Table:
b
s(b)
p-value
-87.735
71.785
-1.222
0.235
X1
0.503
0.206
2.442
0.024
X2
79.032
12.736
6.205
0.000
X3
-1.26
0.795
-1.585
0.128
Intercept
Stimulus
Placebo
101
117
120
121
116
118
98
116
109
108
102
127
99
111
127
Conduct the ANOVA to test whether there is any different between mean blood pressures for four
methods. Given = 0.05.
Question 3:
A company applies a new method to produce their products. They want to test the new method
before adopting it, because it can reduce the weight of their products.
Data are collected and given as follows:
No.
1
2
3
4
5
6
7
Sample 1
(Old method)
75
74
73
71
81
79
76
Sample 2
(New method)
71
72
70
74
69
71
73
INDEX 1
GOOD LUCK!
INDEX 1