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Exam (elaborations)

isds test questions with complete solutions 2024/2025

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isds test questions with complete solutions 2024/2025

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  • September 16, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Isds
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Bensuda
isds test questions with complete
solutions 2024/2025

What is the percentage of people who live below the poverty level in the west or midwest? -
ANSWERS41.87



Approximate the percentage of houses that sold for more than $500,000 - ANSWERS60



The sample data below shows the number of hours spent by 5 students over the weekend to prepare for
Mondays Business Stats Test



3 12 2 3 5



The 75th percentile of the data is closest to_________ - ANSWERS8.5



Bias can occur in sampling. Bais refers____________ - ANSWERSthe tendency of a sample statistic to
systematically over or underestimate a population parameter.



A Type 1 error occurs when we_________ - ANSWERSreject a true null hypothesis



What is the purpose of calculating a confidence interval? - ANSWERSTo provide a range of values that,
with a certain measure of confidence, contains the population parameter of interest.



Fishers LSD method is appleid when______ - ANSWERSANOVA test has rejected the null hypothesis of
equal population means



Tukey's honestly significant differences (HSD) method ensures tah the probability of a type 1 error
remains fixed irrespective of the number of______ - ANSWERSPairwise comparisons

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