11/27/23, 5:20 PM Questionmark Perception
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Introduction
Quantitative Methods for Business
IB9BA0
2023-2024
Test
10 questions, 60 minutes
Question
1 of 10
A firm samples 87 customers and asks how much they spend on sweets.
The mean was £60
They calculate an exact 95 percent confidence interval around the mean using a critical value of 1.96, and the lower limit equals 58.466
What is the standard deviation they used to calculate the lower limit?
Use at least 4 decimals in your computations. Round the answer to 1 decimal place
Standard deviation = 7.3
Question
2 of 10
There are 18 girls and 5 boys in a class. Suppose you pick two students randomly, without replacement. What is the probability they are both boys?
Write your answer as a proportion rounded to two decimal places (i.e., write 38% as 0.38).
P= 0.04
Question
3 of 10
In a sample of 51 units, the proportion of students who think the course is easy is 0.7.
Create an approximate 95% confidence interval for the proportion. What is the value of the lower confidence limit? Round your answer to two decimal places.
LCL = 0.57
Question
4 of 10
There are 1000 students at university W, 200 of which are masters students and 800 of which are undergraduates
356 of the undergraduates drive to school
78 of the masters students drive to school
What is the probability that a student is a masters student given that they drive into school?
That is what is P(masters student | drives to school)?
Use at least 4 decimals in your computations. Round the answer to 2 decimal places
Write your answer as a proportion (i.e, 0.16) not as a percentage (i.e., 16).
P= 0.18
Question
5 of 10
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11/27/23, 5:20 PM Questionmark Perception
Suppose test results are normally distributed with a mean of 51 and a standard deviation of 10.6. What is the probability that the test result is more than 29.8? Write
your answer as a proportion rounded to two decimal places (i.e. write 38% as 0.38).
P= 0.98
Question
6 of 10
Given the data on x and y, compute the correlation coefficient.
Use at least 3 decimal places in your computations and round your answer to one decimal place.
x y
2 7
4 3
6 4
5 1
r= -4.7
Question
7 of 10
Sample A consists of 21 units, with average 20 and standard deviation equal to 8.1.
Sample B consists of 25 units, with average 12 and standard deviation equal to 8.9.
Test the hypothesis that the population means are identical, using a 5% level of significance. What is the absolute value of the test statistic (the value of "t")? Round
your answer to one decimal place.
t= 0.7
Question
8 of 10
Given the data below, test the null hypothesis that the means are equal using an Anova. What is the F-ratio?
Use at least 3 decimal places in your computations and round the answer to one decimal place.
Group 1 Group 2 Group 3
2 4 8
2 3 6
3 4 3
F= 3.6
Question
9 of 10
Given the data below, test whether there is an interaction effect. What is the value of the F-ratio?
Round your answer to one decimal place.
Factor a
a1 a2
5 2
b1 7 4
4 3
Factor b
1 7
b2 6 5
4 8
F= 7.1
Question
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11/27/23, 5:20 PM Questionmark Perception
10 of 10
Suppose you test the hypothesis that the values in sample 1 are different from the values in sample 2 using a Mann-Whitney test.
Sample 1: 78 88 56 39 74 48 38
Sample 2: 22 18 17 26 20 16 X
Unfortunately, you do not know the value of X. You do know, however, that X is randomly drawn from the integers: 27, 29, 31, 33, 35, 37 (each equally likely).
What is the probability that the minimum U value is 0? Write your answer as a proportion rounded to two decimal places (i.e. write 38% as 0.38).
p= 1
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