QNT 561 FINAL

EXAM
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QNT/561 Final Exam (Recent

Upload):
1. A random sample of size 15 is selected from a
normal population. The population standard deviation

is unknown. Assume the null hypothesis indicates a

two-tailed test and the researcher decided to use the
0.10 significance level. For what values of t will the
null hypothesis not be rejected?
a)

To the left of -1.645 or to the right of 1.645

b)

To the left of -1.345 or to the right of 1.345

c)

Between -1.761 and 1.761

d)

To the left of -1.282 or to the right of 1.282

2. Which of the following is a characteristic of the F

distribution?
a)

Normally distributed

b)

Negatively skewed

c)

Equal to the t-distribution

d)

Positively skewed

3. For a chi-square test involving a contingency table,

suppose the null hypothesis is rejected. We conclude
that the two variables are __________.
a)

Related

b)

Curvilinear

c)

Linear

d)

Not related

4. A sales manager for an advertising agency believes

that there is a relationship between the number of
contacts that a salesperson makes and the amount of
sales dollars earned. What is the dependent variable?
a)

Sales managers

b)

Amount of sales dollars

c)

Salesperson

d)

Number of contacts

5. Which of the following is most appropriately

displayed with a frequency table?
a)
What percentage of people prefer Hunt's brand
ketchup
b)

The home location of the most valuable customers

c)
How much explanatory value comes from the
study's variables?
d)
The relationship
performance

between

gender

and

job

6. The manager of Paul's fruit and vegetable store is

considering the purchase of a new seedless watermelon
from a wholesale distributor. Since this seedless
watermelon costs $4, will sell for $7, and is highly
perishable, he only expects to sell between six and nine
of them. What is the opportunity loss for purchasing
nine watermelons when the demand is for seven
watermelons?
a)

b)

c)

12

d)

7. A firm offers routine physical examinations as part

of a health service program for its employees. The
exams showed that 8% of the employees needed
corrective shoes, 15% needed major dental work, and
3% needed both corrective shoes and major dental
work. What is the probability that an employee
selected at random will need either corrective shoes or
major dental work?
a)

.25

b)

1.00

c)

.50

d)

.20

8. When data is collected using a qualitative, nominal

variable, what is true about a frequency distribution
that summarizes the data?
a)

The upper and lower class limits must be calculated.

b)
The number of classes is equal to the number of
variables plus 2.
c)

The 5 to the k rule can be applied.

d)

A pie chart can be used to summarize the data.

9. If an ANOVA test is conducted and the null

hypothesis is rejected, what does this indicate?
a)

The p-value is less than a.

b)

All population means are different.

c)

At least one pair of population means is different.

d)

The population means are equal.

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