MAKING BUNDLE 2026 COMPLETE
QUESTIONS AND VERIFIED
ANSWERS GRADED A PLUS
◉ Question - You conduct a trend analysis. You find that R-square is
over 0.8 and p-value is 0.023. What does your analysis show? You had 3
years of monthly incidence rates.
A - High R-square is good fit and low p is significant
B - Not enough data was used
C - High R-square is good fit but p is NOT significant
D - R-square is Not a good fit but low p is significant. Answer: A - High
R-square is good fit and low p is significant
•P-value less than 0.05
• R-square greater than 0.5
• Over 30+ data points
◉ Question - Part of our success was the new point of sale system. Our
customer sales representatives were trained in utilizing the system to
data mine and apply new marketing techniques. They had to pass their
final exam with a 90% or higher. What type of test is this?
A - Criterion referenced
, B - Six Sigma
C - Test-Retest
D - Norm referenced. Answer: A - Criterion referenced
Key words: pass, 90% or higher
◉ Question - An Organization seeks to shift its business strategy to
development of new products for the future while still growing sales of
its current products. Which tool could help the company focus on both
its financial objective and growth of new products?
A - Net Promoter Score
B - Six Sigma
C - Results Based Management
D - Balanced Scorecard. Answer: D - Balanced Scorecard
Key words: strategy, focus on both, financial, growth
◉ Question - There is an 70 percent chance of rain.
When it rains, there is a 10 percent chance of Todd walking to the store
and there is also a 15 percent chance of Todd having an umbrella. It is
raining today. What probability principle will determine if Todd will at
least have his umbrella today?
A - Multiplication