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Username:AbhisekNayakBook:BusinessStatistics,SecondEdition.Nopartofanychapterorbookmaybereproducedortransmittedinanyformbyany
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ChapterConceptsQuiz
TrueorFalse
1.Rangeisameasureofvariationwhichgivesusinformationaboutscatterofvaluesaroundameasureofcentraltendency.
(T/F)

2.Whenadistributionconsistsofdifferentobservations,sorarerelativelylarge.
(T/F)

3.Theinterquartilerangeisbasedupononlytwovaluesinthedataset.
(T/F)

4.Absolutemeasuresofvariationareusedforcomparingvariabilityamongobservationsinadataset.
(T/F)

5.Thesemiinterquartilerangeisinappropriatetousewithskeweddistributions.
(T/F)

6.Meanabsolutedeviationtakenfrommedianisleast.
(T/F)

7.Thestandarddeviationismeasuredinthesameunitastheobservationsinthedataset.
(T/F)

8.Inasymmetricaldistribution,semiinterquartilerangeisonefourthoftherange.
(T/F)

9.Thecoefficientofvariationisarelativemeasureofdispersion.
(T/F)

10.Theinterquartilerangemeasurestheaveragerangeofthelowerfourthofadistribution.
(T/F)

11.Forasymmetricaldistribution,meanabsolutedeviationequals4/5ofstandarddeviation.
(T/F)

12.Varianceindicatestheaveragedistanceofanyobservationinthedatasetfromthemean.
(T/F)

13.Samplestandarddeviationprovidesanaccurateestimateofthepopulationstandarddeviation.
(T/F)

14.Varianceisthesquareofthestandarddeviation.
(T/F)

15.Standarddeviationcanbecalculatedbytakingdeviationfromanymeasureofcentraltendency.
(T/F)

MULTIPLECHOICE

16.Thestandarddeviationofasetof50observationsis8.Ifeachobservationismultipliedby2,thenthenewvalueofstandarddeviationwillbe:

a.4
b.8
c.16
d.noneoftheabove

17.Ifmeanandcoefficientofvariationofasetofdatais10and5,respectively,thenthestandarddeviationis:

a.10
b.50
c.5
d.noneoftheabove

18.Thesemiinterquartilerangeispreferredtostandarddeviationasameasureofdispersionwhen:

a.samplesizeissmall
b.distributionisstandardized
c.distributionishighlyskewed
d.rangeissmall

19.Inamoredispersed(spreadout)setofdata:

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a.differencebetweenthemeanandthemedianisgreater
b.valueofthemodeisgreater
c.standarddeviationisgreater
d.interquartilerangeissmaller

20.Whichofthefollowingisarelativemeasureofdispersion:

a.standarddeviation
b.variance
c.coefficientofvariation
d.alloftheabove

21.Inanormalfrequencydistribution,thenumberoifobservationsincludedin

MADare:

a.50percent
b.57.51percent
c.68.51percent
d.noneoftheabove

22.Ifquartiledeviationis8,thenvalueofthestandarddeviationwillbe:

a.12
b.16
c.24
d.noneoftheabove

23.Ifmeanabsolutedeviationis8,thenvalueofthestandarddeviationwillbe:

a.15
b.12
c.10
d.noneoftheabove

24.Ifthefirstandthirdquartilesare22.16and56.36,respectively,thenthequartiledeviationis:

a.17.1
b.34.2
c.51.3
d.noneoftheabove.

25.Thestandarddeviationofasetof50observationsis6.5.Ifvalueofeachobservationisincreasedby5,thenthestandarddeviationis:

a.2.5
b.1.5
c.3.5
d.noneoftheabove

26.Thestandarddeviationofthefirstnnaturalnumbersis:

a.

b.

c.

d.

27.Thenumberofobservationsinasetofdatacoveredbytheinterval,

Q.D.are:

a.50percent

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b.57.73percent
c.59.23percent
d.noneoftheabove

28.Inasymmetricaldistribution,observationscoveredintheinterval

3are:

a.99.475percent
b.99.65percent
c.99.73percent
d.noneoftheabove

29.Therelationshipbetweenmeanabsolutedeviationandthequartiledeviationis:

a.

b.

c.

d.

30.Whichofthefollowingmeasuresofdispersionisleastaffectedbyextremevaluesofobservationsinadataset?

a.range
b.quartiledeviation
c.meanabsolutedeviation
d.standarddeviation

31.Whichofthefollowingisnotavalidreasonformeasuringthedispersionofdistribution?

a.Itprovidesanindicationofthereliabilityofthestatisticusedtomeasurecentraltendency.
b.Itenablesustocompareseveralsampleswithsimilaraverages.
c.Itusesmoredataindiscribingadistribution.
d.Itdrawsattentiontoproblemsassociatedwithverysmallorverylargevariabilityindistributions.

32.Whyisitnecessarytosquarethedifferencesfromthemeanwhencomputingthepopulationvariance?

a.Sothatextremevalueswillnotaffectthecalculation.
b.BecauseitispossiblethatNcouldbeverysmall.
c.Someofthedifferenceswillbepositiveandsomewillbenegative.
d.Noneofthese.

33.Assumethatapopulationhas=100and=10.Ifaparticularobservationhasastandardscoreof1,itcanbeconcludedthat

a.itsvalueis110.
b.itliesbetween90and110,butitsexactvaluecannotbedetermined.
c.itsvalueisgreaterthan110.
d.nothingcanbedeterminedwithoutknowingN.

34.Howdoesthecomputationofasamplevariancedifferfromthecomputationofapopulationvariance?

a.isreplacedby

b.Nisreplacedbyn1.
c.(c)both(a)and(b)
d.noneofthese.

35.Chebyshev'stheoremsaysthat99percentofthevalueswillliewithin3standarddeviationsfromthemeanfor

a.bellshapeddistributions.
b.positivelyskeweddistributions.
c.negativelyskeweddistributions.
d.alldistributions.

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ConceptsQuizAnswers
1.F
6.T
11.T
16.(c)
21.(b)
26.(c)
31.(a)

2.T
7.T
12.T
17.(b)
22.(a)
27.(a)
32.(c)

3.T
8.T
13.F
18.(b)
23.(c)
28.(c)
33.(d)

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4.F
9.T
14.F
19.(c)
24.(a)
29.(b)
34.(c)

5.T
10.F
15.F
20.(c)
25.(b)
30.(c)
35.(a)

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