MGSC 291
University Of South Carolina
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University of South Carolina Mgsc 291 Exam Study Guide Questions and Answers Graded A 2024-2025 PACKAGE DEAL!!
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Mgsc 291 Exam Study Guide Questions and Answers Graded A 2024-2025
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The P-Value of a hypothesis test is the probability of seeing a test statistic this extreme or more - Correct Ans-In the direction of the alternative hypothesis if the null is true 
 
The interpretation of a hypothesis test result is about the - Correct Ans-Parameter 
 
Type 1 Error Rate - Correct Ans-Probability of rejecting the null when the null is true 
 
Power - Correct Ans-Probability of rejecting the null when the null is false 
 
Type 2 error rate - Correct Ans-Probability of failing to ...
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mgsc 291 exam 3 hendrix questions and answers graded 2024
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Increasing the sample size will usually yield a _______ confidence interval - Correct Ans-narrower 
 
Increasing the confidence level will yield a _____ confidence interval - Correct Ans-wider 
 
What does it mean if the R-square for a regression is 0.346 and the adjusted R-square is 0.271? - Correct Ans-There is a weak predictor in the model. 
 
Standard error is interpreted with the _____ variable - Correct Ans-response 
 
If the p-value for an F test is significant, it means that... - Correct...
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MGSC 291 Exam 3 Prep Test Study Questions with Verified Answers Graded A 2025
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What is the first step in processing you data for a time series analysis in R? 
- make all data factors 
- make date variable a factor with the factor() function 
-make date variable be recognized as a date in R with the as.Date() function - Correct Ans-make date variable be recognized as a date in R with the as.Date() function 
 
How does R store date variables? 
-as factors 
-as characters 
-as the number of days relative to Jan 1, 1970 - Correct Ans-as the number of days relative to Jan 1, 19...
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MGSC 291 Exam 1 University of South Carolina Questions and Answers 2024-2025
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putting in a dataset - Correct Ans-data<-c(81,85,93,93,99,76,75,84,78,84,81,82,89,81,96,82,74,70,84,86,80,70,131,75,88,102,115,89,82,79,106) 
 
length(data) - Correct Ans-tells you how may entries are in your vector 
 
sort(data) - Correct Ans-puts data smallest to largest 
 
summary(data) - Correct Ans-returns the five number summary and the sample mean 
 
mean(data) 
sd(data) 
sum(data) - Correct Ans-sample mean 
sample standard deviation 
adds all the elements of the vector 
 
seq(1,100,1)...
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