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Essentials of Business Analytics Study Set 1
Quiz 6: Statistical Inference
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Question 41
Essay
As a rule of thumb, the sampling distribution of the sample proportions can be approximated by a normal probability distribution when
Question 42
Multiple Choice
A student wants to determine if pennies are really fair, meaning equally likely to land heads up or tails up. He flips a random sample of 50 pennies and finds that 28 of them land heads up. What are the appropriate null and alternative hypotheses?
Question 43
Short Answer
A sample of 92 observations is taken from an infinite population. The sampling distribution of is approximately normal because of what theorem?
Question 44
Multiple Choice
You are _______________ to commit a Type I error using the 0.05 level of significance than using the 0.01 level of significance.
Question 45
Short Answer
What is the general form of an interval estimate?
Question 46
Short Answer
The medical director of a company looks at the medical records of all 50 employees and finds that the mean systolic blood pressure for these employees is 126.07.The value of 126.07 is symbolized by.
Question 47
Short Answer
Numerical characteristics of the population are called
Question 48
Multiple Choice
Determine whether the alternative hypothesis is left-tailed, right-tailed, or two-tailed: H
o
: μ = 11 H
a
: μ > 11
Question 49
Multiple Choice
Which statement is NOT true?
Question 50
Short Answer
The sample mean is the point estimator of what population parameter?
Question 51
Multiple Choice
Statistical significance at the 0.01 level is___________ than significance at the 0.05 level .
Question 52
Short Answer
A simple random sample of 11 observations from a population containing 400 female soccer players was taken, and the following values were obtained. 48 53 72 56 63 64 56 76 50 46 73 What is the value of the point estimate of the population mean?
Question 53
Short Answer
A simple random sample of 100 observations was taken from a large population. The sample mean and the standard deviation were determined to be 80 and 12 respectively. Calculate the standard error of the mean.
Question 54
Short Answer
It is impossible to construct a sampling frame for an __________ population
Question 55
Short Answer
Sample statistics, such as , s, or , that provide an estimate of the population parameter are known as
Question 56
Short Answer
As the sample size increases, the standard error of the mean ______________.
Question 57
Short Answer
Random samples of size 100 are taken from an infinite population whose population proportion is 0.2. The mean and standard deviation of the sample proportion are?
Question 58
Short Answer
A random sample of 150 people was taken from a very large population. Ninety of the people in the sample were female. What is the standard error of the proportion?
Question 59
Essay
A cellular phone company claims that the mean amount spent per month is more than $75. A test is made of H
o
: μ = 75 versus H
a
: μ > 75. The null hypothesis is rejected. State the appropriate conclusion.