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Econ 390 Midterm 1 Sample Questions

The document is a sample midterm exam for an Economics course (Econ 390) consisting of five questions. It covers topics such as summation notation, probability distributions, z-scores, hypothesis testing, confidence intervals, and data analysis related to household TV watching habits and college distance. Each question is assigned a specific weight towards the total score, with detailed instructions for statistical analysis and data interpretation.

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7 views2 pages

Econ 390 Midterm 1 Sample Questions

The document is a sample midterm exam for an Economics course (Econ 390) consisting of five questions. It covers topics such as summation notation, probability distributions, z-scores, hypothesis testing, confidence intervals, and data analysis related to household TV watching habits and college distance. Each question is assigned a specific weight towards the total score, with detailed instructions for statistical analysis and data interpretation.

Uploaded by

wgt5jjb9w5
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Econ 390

Midterm 1 Sample

n n n
Q1. (15/100) Show that ∑ ( a x 2i + b y i+ c )=a ∑ xi2+¿ b ∑ y i+ nc ¿.
i=1 i=1 i =1

Q2. (15/100) If y N (1 ,16) then find p( y ≥ 2.5).

Q3. (10/100) You take the Econometrics exam and score 80. The mean score for the test is 70 and the standard deviation is 5.
If we assume the distribution of Econometrics score is normal, how well did you score on the test other test takers? (calculate
your z-score first and find what percent of the test takers scored below you)

Q4. Suppose, according to a report, the average U. S. household spends 85 minutes per day watching TV. Suppose you recently
took a random sample of 99 households in the U.S. (See the data attached). Using a 0.05 level of significance,

a. (15/100) Can it be concluded that the average minutes spent per day by U.S. households has changed? (please
provide 2 approached both the “T-test” and “P-value” approach. (You should write down the null, alternative,
formulas, and provide your p-value on the z graph.)
b. (10/100) Create the 95 % Confidence Interval for the population mean using the information above? (Do not
forget the complete formula of the interval)

Q5. Open the data “College Distance” and read the description, both are attached to this midterm exam:
a. (5/100) What is “ed” variable.
b. (5/100) How many variables and how many observations does this data include?
c. (5/100) What is “dist” variable? What is the unit of this variable?
d. (5/100) Provide a scatterplot in which ed is the dependent variable and dist is the independent variable.
e. (5/100) Do you see any linear association in the previous plot?
f. (5/100) Find the correlation value, what does this number mean?
g. (5/100) Provide a histogram for ed.
h. What is average of female?
i. Is it an unfair data?
Econ 390
Midterm 1 Sample

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