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1. Which of the following best describes: 'the measure of the degree of association found between two characteristics in a series of observations?
a. Mean
b. Standard deviation
c. Correlation efficient
d. Standard error of the mean
2. Determine the range of the following set of whole numbers: 12, 13, 15, 17, 12, 18, 12, 19, 13, 12, 14, 13, 12, 15
a. 12-13
b. 12-19
c. 13-14
d. 13-15
3. When considering the standard bell curve, what percentage of observation lies within +/-2 standard deviation of the mean?
a. 68
b. 75
c. 95
d. 99
What is the probability that separates the bottom 25 percent from the rest of the distribution.
Why is cumulative relative frequency distribution so much more informative that just relative frequency distribution? Use examples to explain these differences.
For a population with a mean of μ = 60 and a standard deviation of σ = 24, find the Z score corresponding to each of the following samples.
What control limits should be applied to his sample?
At.05 significance level, can we conclude that larger proportion of the agents think the economy is expanding this month?
Describe why the normal distribution can be used as an approximation to binomial distribution. What conditions should be met to use the normal distribution to approximate the binomial distribution? Why is a correction for continuity essential.
Assume that the distribution of heights of adults American normally distributed, with mean 69 inches and standard deviation 2.8 inches.
If 1 man aged 18-24 is arbitrarily chosen, determine the probability that his serum cholesterol level is between 165 and 200.
The standard deviation of grade points was 0.65 and the mean was 2.89. The standard error for the sample was
What is the chance that stock will fall by more than 15% next month? What extra assumption are you making when replying this question?
Explain the effect outliers can have on the analysis of the center of this data set. Based on the box-plot and histogram you created for problem 1, do there appear to be any outliers?
Form the cumulative percentage distribution and plan a cumulative percentage polygon.
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