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QNT 561 Final Exam (Latest)

1. A random sample of size 15 is selected from a normal
population. The population standard deviation is unknown.
Assume the null hypothesis indicates a two-tailed test and the
researcher decided to use the 0.10 significance level. For what
values of t will the null hypothesis not be rejected?

To the left of -1.645 or to the right of 1.645

To the left of -1.345 or to the right of 1.345
Between -1.761 and 1.761
To the left of -1.282 or to the right of 1.282

2. Which of the following is a characteristic of the F

distribution?

Normally distributed
Negatively skewed
Equal to the t-distribution
Positively skewed

3. For a chi-square test involving a contingency table, suppose

the null hypothesis is rejected. We conclude that the two
variables are __________.

related
curvilinear
linear
not related

4. A sales manager for an advertising agency believes that

there is a relationship between the number of contacts that a
salesperson makes and the amount of sales dollars earned.
What is the dependent variable?

sales managers
amount of sales dollars
salesperson
number of contacts

5. Which of the following is most appropriately displayed with a

frequency table?
What percentage of people prefer Hunt's brand ketchup
The home location of the most valuable customers
How much explanatory value comes from the study's
variables
The relationship between gender and job performance

6. The manager of Paul's fruit and vegetable store is

considering the purchase of a new seedless watermelon from a
wholesale distributor. Since this seedless watermelon costs $4,
will sell for $7, and is highly perishable, he only expects to sell
between six and nine of them. What is the opportunity loss for
purchasing nine watermelons when the demand is for seven
watermelons?

8
4
12
0

7. A firm offers routine physical examinations as part of a

health service program for its employees. The exams showed
that 8% of the employees needed corrective shoes, 15%
needed major dental work, and 3% needed both corrective
shoes and major dental work. What is the probability that an
employee selected at random will need either corrective shoes
or major dental work?

.25
1.00
.50
.20

8. When data is collected using a qualitative, nominal variable,

what is true about a frequency distribution that summarizes the
data?
The upper and lower class limits must be calculated.
The number of classes is equal to the number of variables
plus 2.

 The 5 to the k rule can be applied.

A pie chart can be used to summarize the data.

9. If an ANOVA test is conducted and the null hypothesis is

rejected, what does this indicate?

The p-value is less than a.

All population means are different.
At least one pair of population means is different.
The population means are equal.

10. A random sample of 20 items is selected from a population.

When computing a confidence interval for the population mean,
what number of degrees of freedom should be used to
determine the appropriate t-value?

25
21
19
20

11. The question, "Should products be withdrawn if even one

death is associated with its prescribed use, even if no fault for
the tampered product accrues to the manufacturer?" is an
example of a(n) _____.

strip data mining issue

unresearchable question
ill-defined problem
favored-technique problem

12. A large department store examined a sample of the 18

credit card sales and recorded the amounts charged for each of
three types of credit cards: MasterCard, Visa, and Discover. Six

MasterCard sales, seven Visa, and five Discover sales were

recorded. The store used an ANOVA to test if the mean sales for
each credit card were equal. What are the degrees of freedom
for the F statistic?

2 in the numerator, 15
6 in the numerator, 15
18 in the numerator, 3
3 in the numerator, 18

in
in
in
in

the
the
the
the

denominator
denominator
denominator
denominator

13. A linear trend equation is used to represent time series

values when the data are changing by equal what?

amounts
percents and proportions
proportions
percents

14. Which of the following goals should a good survey

instrument accomplish?
Encourage each participant to provide accurate responses
Encourage participants to be succinct in their responses
Encourage participants to answer only those questions
they are comfortable answering
Encourage participants to end the survey when they feel
they have contributed enough information

15. Kroger, a grocery store chain, wants to identify the ideal

store layout for increasing store sales. Because it primarily uses
two store designs, one a grid layout with vertical aisles divided
by a center aisle and another using a traditional straight-aisle
pattern, Kroger will match pairs of stores that have different
designs but similar shopper demographics and location. Sales
from each pair will then be compared to determine if store
design is related to sales. Which type of study is this an
example of?

Exploratory study
Case study
Ex post facto study
Longitudinal study

16. Bones Brothers & Associates prepare individual tax returns.

Over prior years, Bones Brothers has maintained careful
records regarding the time to prepare a return. The mean time
to prepare a return is 90 minutes and the standard deviation of
this distribution is 14 minutes. Suppose 100 returns from this
year are selected and analyzed regarding the preparation time.
What assumption do you need to make about the shape of the
population distribution of all possible tax preparation times to
make inferences about the mean time to complete a tax form?

The
The
The
The

population distribution is skewed to the left.

population distribution is skewed to the right.
shape of the population distribution does not matter.
population distribution is normal.

17. Checklists with several items

respondents may be subject to _____.

to

be

considered

by

recency effects
leniency effects
halo effects
primacy effects

18. In a multiple rating list scale, ____.

participants rate multiple items on a 3-point scale
the participant is restricted to circling their rating
it is possible to visualize the results better than with other
numerical scales
the data generated are always ordinal

19. As the size of the sample increases, what happens to the

shape of the distribution of sample means?

It
It
It
It

cannot be predicted in advance

is positively skewed
is negatively skewed
approaches a normal distribution

20. For any chi-square goodness-of-fit test, the number of

degrees of freedom is found by ______.

n+k
k -1
nk-1
n+1

21. BankChoice is concerned about stagnating profits and asks,

"How can profitability be improved?" This is an example of a(n)
_____.

research question
measurement question
management question
investigative question

22. A machine is set to fill the small-size packages of M&M

candies with 56 candies per bag. A sample revealed three bags
of 56, two bags of 57, one bag of 55, and two bags of 58. To
test the hypothesis that the mean candies per bag is 56, how
many degrees of freedom are there?

1
7
9
8

23. An experimental study is one that _____.

attempts to reveal why or how one variable produces
changes in another
involves manipulation of one or more variables to
determine the effect on another variable
attempts to capture a population's characteristics by
making inferences from a sample's characteristics and
testing resulting hypotheses
discovers answers to the questions who, what, when,
where, or how much

24. The monthly salaries of a sample of 100 employees were

rounded to the nearest $10. They ranged from a low of $1,040
to a high of $1,720. If we want to condense the data into seven
classes, what is the most convenient class interval?

$200
$50
$150
$100

25. Consider a regression analysis, where the correlation

coefficient is 0.18. Then, the coefficient of determination is
_______.

.0324
.36
1.16
.424

26. In multiple regression analysis, when the independent

variables are highly correlated, this situation is called
__________________.

homoscedasticity
curvilinearity
multicollinearity
autocorrelation

27. Sam's Club installed self-checkout stations that can track

not only member's purchases but also packaging problems, as
the system uses universal product codes to match the item the
shopper has in their cart with its price and inventory level in the
store, generating a spreadsheet style report for the researcher.
If you consider the scanner as the tool for collecting data for
Sam's researchers, they are doing data entry by ____.

spreadsheet
Optical Character Recognition
Field editing
Voice recognition

28. The weekly incomes of a large group of executives are

normally distributed with a mean of $2,000 and a standard
deviation of $100. What is the z-score for an income of $2,100?

1.683
0.90
2.00
1.00

29. A ranking scale is a scale that _____.

scores an object without making a direct comparison to
another object
groups participants
groups concepts according to specific criteria
scores an object by making a comparison and determining
order among two or more objects

30. What is the interpretation of a 96% confidence level?

The interval contains 96% of all sample means.
Approximately 96 out of 100 such intervals would include
the true value of the population parameter.
There's a 96% chance that the given interval includes the
true value of the population parameter.
There's a 4% chance that the given interval does not
include the true value of the population parameter.

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