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QMB 2100 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS

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QMB 2100 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS

Institution
QMB 2100
Course
QMB 2100

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QMB 2100 FINAL EXAM QUESTIONS
WITH CORRECT ANSWERS

Ho (null) will always have ______ - CORRECT ANSWER✔✔-=
| | | | | | | |




Ha (alt) will always have _______ - CORRECT ANSWER✔✔-> , < , =/=
| | | | | | | | | | | |




For means, the test stat will always be - CORRECT ANSWER✔✔-Z or t
| | | | | | | | | | | |




For proportions, the test stat will always be - CORRECT ANSWER✔✔-Z
| | | | | | | | | |




For means, the test stat will be Z if it meets the following criteria: n is ______ 30 -
| | | | | | | | | | | | | | | | | |


CORRECT ANSWER✔✔-equal to or greater than
| | | | | |




For means, the test stat will be t if it meets the following criteria: n is ______ 30 -
| | | | | | | | | | | | | | | | | | |


CORRECT ANSWER✔✔-less than
| |




specifies values of the test statistic that are "unexpected" and lead us to reject Ho
| | | | | | | | | | | | | |


- CORRECT ANSWER✔✔-Rejection region
| | | |




Rejection region is based on _______, our choice of _______, and the direction
| | | | | | | | | | | | |


specified in H_ - CORRECT ANSWER✔✔-sample size, alpha, a
| | | | | | | |

, "significance level"; probability of rejecting Ho when Ho is true - CORRECT
| | | | | | | | | | | |


ANSWER✔✔-alpha, type I error | | |




probability of accepting Ho when Ha is true - CORRECT ANSWER✔✔-beta, type II
| | | | | | | | | | | | |


error


randomly and independently sample from 2 target populations - CORRECT
| | | | | | | | | |


ANSWER✔✔-independent sampling |




pair observations together and analyze the difference between the pairs of data -
| | | | | | | | | | | | |


CORRECT ANSWER✔✔-paired difference analysis
| | |




CI Interpretation 1:
| | |




(+ , +), Mu1 - M2 is ______ 0... which means M1 is ______ Mu2 - CORRECT
| | | | | | | | | | | | | | | | |


ANSWER✔✔-greater than, greater than | | |




CI Interpretation 2:
| | |




(- , -), Mu1 - M2 is ______ 0... which means M1 is ______ Mu2 - CORRECT
| | | | | | | | | | | | | | | | |


ANSWER✔✔-less than, less than | | |




CI Interpretation 3:
| |




(+ ,-), Mu1 - M2 is ______ 0... which means M1 is ______ Mu2 - CORRECT
| | | | | | | | | | | | | | | |


ANSWER✔✔-we cannot determine which mean is bigger | | | | | |




TQM stands for - CORRECT ANSWER✔✔-Total Quality Management
| | | | | | |

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Institution
QMB 2100
Course
QMB 2100

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Uploaded on
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