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STRAIGHTERLINE BUSINESS STATS EXAM FINAL QUESTIONS & CORRECT ANSWERS LATEST 2025
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STRAIGHTERLINE BUSINESS STATS EXAM FINAL QUESTIONS & CORRECT ANSWERS LATEST 2025
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HOSMERITSTRAIGHTERLINE BUSINESS STATS EXAM FINAL
QUESTIONS & CORRECT ANSWERS LATEST 2025
The main purpose of descriptive statistics is to - ANSWER Summarize data in a useful and
informative manner
Which word is NOT part of the definition of descriptive statistics? - ANSWER Predicting
A marketing class of 50 students evaluated the instructor using the following scale: superior,
good, average, poor, and inferior. The descriptive summary showed the following survey results:
2% superior, 8% good, 45% average, 45% poor, and 0% inferior. - ANSWER c. Most students
rated the instructor as poor or average.
What type of variable is the number of robberies reported in your city? -ANSWER Quantitative
The Nielsen Ratings break down the number of people watching a particular television show by
age. What level of measurement is age? - ANSWER Ratio
What level of measurement is a person's "favorite sport"? - ANSWER Nominal
The final rankings of the top 20 NCAA college basketball teams are an example of which level of
measurement? - ANSWER Ordinal
What level of measurement is the Centigrade temperature scale? - ANSWER Interval
A survey includes a question regarding marital status that has the following responses: single,
married, divorced, separated, or widowed. What is the scale of measurement for this question? -
ANSWER Nominal
A group of women tried five brands of fingernail polish and ranked them according to preference.
What level of measurement is this? - ANSWER Ordinal
Shoe style is an example of what level of measurement? - ANSWER Nominal
When TV advertisements report "2 out of 3 dentists surveyed indicated they would recommend
Brand X toothpaste to their patients," an informed consumer may question the conclusion
because the: - ANSWER Advertisement does not include the total number of dentists surveyed
A sample of the paramedical fees charged by clinics revealed these amounts: $55,
$49, $50, $45, $52, and $55. What is the median charge? - ANSWER 51.00
,For a data set with an odd number of observations that have been sorted from smallest to largest
values, where is the median located? - ANSWER (n + 1)/2
Assume a student received the following grades for the semester: History, B; Statistics, A;
Spanish, C; and English, C. History and English are 5 credit-hour courses, Statistics a 4 credit-
hour course, and Spanish a 3 credit-hour course. If 4 grade points are assigned for an A, 3 for a
B, and 2 for a C, what is the weighted mean grade for the semester? - ANSWER 2.76
A disadvantage of using an arithmetic mean to summarize a set of data is that
. - ANSWER It can be biased by one or two extremely small or large values
A survey item asked students to indicate their class in college: freshman, sophomore, junior, or
senior. Which measure(s) of central location would be appropriate for the data generated by that
questionnaire item? - ANSWER Mode and median
The times (in minutes) that several underwriters took to review applications for similar insurance
coverage are 50, 230, 52, and 57. What is the median length of time required to review an
application? - ANSWER 54.5
For the most recent seven years, the U.S. Department of Education reported the following
number of bachelor's degrees awarded in computer science: 4,033; 5,652; 6,407; 7,201; 8,719;
11,154; 15,121. What is the annual arithmetic mean number of degrees awarded? - ANSWER
About 8,327
Which of the following measures of dispersion are based on deviations from the mean? -
ANSWER All apply
From the easiest to the hardest "ease of interpretation," rank the measures of dispersion. -
ANSWER Range, mean deviation, variance
The weights of a sample of crates ready for shipment to Moscow, Russia are (in kilograms): 103,
97, 101, 106, and 103. What is the mean deviation? - ANSWER 2.4 kg
A sample of assistant professors on the business faculty at state-supported institutions in Ohio
revealed the mean income to be $72,000 for nine months, with a standard deviation of $3,000.
Using Chebyshev's Theorem, what proportion of the faculty earns more than $66,000, but less
than $78,000? -ANSWER At least 75%
Based on the Empirical Rule, what percent of the observations will lie between plus or minus two
standard deviations from the mean? - ANSWER 95%
What is the relationship between the variance and the standard deviation? - ANSWER Variance
is the square of the standard deviation.
What statistics are needed to draw a box plot? - ANSWER The minimum, maximum,
median, first and third quartiles
, A box plot shows . - ANSWER The relative symmetry of a distribution for a set of data
A dot plot can be used to show .- ANSWER The distribution for a quantitative
variable
If a student places in the 99th percentile on an exam, she performed better than 99% of all
students who completed the exam. Her performance is similar to a statement based on a . -
ANSWER Cumulative frequency distribution
To locate the percentile for a given observation in a data set, the data must be
.- ANSWER Sorted and listed from the minimum to the maximum values
The test scores for a class of 147 students are computed. What is the location of the test score
associated with the third quartile? - ANSWER 111
In a distribution, the second quartile corresponds with the . - ANSWER Median
A dot plot shows . - ANSWER The general shape of a distribution
The range of the coefficient of skewness is . - ANSWER Both positive and negative
values
A sample of experienced typists revealed that their mean typing speed is 87 words per minute
and the median typing speed is 73 words per minute. The standard deviation of typing speed is
16.9 words per minute. What is the Pearson coefficient of skewness? - ANSWER +2.5
If the coefficient of skewness is equal to zero, the shape of the distribution is
. - ANSWER Symmetric
A large oil company is studying the number of gallons of gasoline purchased per customer at
self-service pumps. The mean number of gallons is 10.0, with a standard deviation of 3.0 gallons.
The median is 10.75 gallons. What is Pearson's coefficient of skewness in this instance? -
ANSWER -0.75
In a contingency table, we describe the relationship between .- ANSWER Two
variables measured at the ordinal or nominal level
The first card selected from a standard 52-card deck was a king. If it is NOT returned to the deck,
what is the probability that a king will be drawn on the second selection?
- ANSWER 3/51 or 0.0588
There are 10 AAA batteries in a box and 3 are defective. Two batteries are selected without
replacement. What is the probability of selecting a defective battery followed by another
defective battery? - ANSWER 1/15 or about 0.07
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