Progressive Pre-Employment Assessment Test Exam
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Question #2
Using statistics in decision-making eliminates business
risks
Answer op - Answer-The correct answer is: Can't say
How to solve this question?
The information given is that business statistics are used
for decision-making in the face of risk. There is no
suggestion in the passage that such use eliminates
business risks, and the answer therefore is "Can't say".
Question #3
There is no kid that doesn't like chocolate.
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What inference can be drawn from this sentence?
Answer options
A. Everyone who likes chocolate is a kid.
B. All kids like chocolate.
C. There are kids that don't like chocolate.
D. Only kids like chocolate. - Answer-The correct answer
is: All kids like chocolate.
How to solve this question?
A double negative (no kid + doesn't like) turns into a
positive. A no statement turns into an all statement. Kid =>
likes chocolate
Soy- and rice- based diets are very popular in Third World
countries. The soy bean has a higher phytate content than
any other grain or legume that has been studied. Phytate
is an organic acid, present in the bran or hulls of all seeds,
which blocks the uptake of essential minerals - calcium,
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magnesium, iron and especially zinc - in the intestinal
tract.
Soy beans seem to be highly resistant to many phytate-
reducing techniques such as long, slow cooking. Only a
long period of fermentation will significantly reduce the
phytate content of soy beans. Thus, fermented products
such as tempeh and miso provide nourishment that is
easily assimilated. When precipitated soy products are
consumed with meat, the mineral-blocking effects of the
phytates are reduced.
If you count 1 to 100, how many 5s will you pass on the
way? - Answer-There are 20 numbers that contain 5 in it
5, 15, 25, 35, 45, 50, 51 to 59, 65, 75, 85, 95
(55 contains 2 five's)
So the answer is 20 ...
Julie is a hair stylist. She makes $10.25 an hour, plus $6
extra for every haircut she performs. This week she
worked a total of 40 hours and performed 46 haircuts.
How much money did she make? - Answer-$686.05 10.25
x 40 = 410.05 46 x 6 = 276
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410.05
+276
=686.06
Business statistics is a scientific approach to decision-
making in the face of risk and is used in many disciplines,
such as financial analysis, econometrics, auditing,
production and operations, and marketing research. The
main objective of business statistics is to make inferences
about certain characteristics of a population based on
information contained in a random sample from the entire
population.
Statistical forecasting concentrates on using the past to
predict the future by identifying trends, patterns and
business drives within the data to develop a forecast. This
forecast is referred to as a statistical forecast because it
uses mathematical formulas to identify the patterns and
trends while testing the results for mathematical
reasonableness and confidence. Statistical forecasting is
used for forecasting sales and budget.
Question #1
Statistical forecasting deals with estimating the likelihood
of an event - Answer-The correct answer is: True