Essentials of Statistics for Business and Economics 6th Edition By David R. Anderson – Test Bank

Essentials of Statistics for Business and Economics 6th Edition By David R. Anderson – Test Bank Sample Test CHAPTER 3—DESCRIPTIVE STATISTICS: NUMERICAL MEASURES MULTIPLE CHOICE 1. The measure of location which is the most likely to be influenced by extreme values in the data set is the a. range b. median c. mode d. mean ANS: D PTS: 1 TOP: Descriptive Statistics 2. The most important statistical descriptive measure of the location of a data set is the a. mean b. median c. mode d. variance ANS: A PTS: 1 TOP: Descriptive Statistics 3. If two groups of numbers have the same mean, then a. their standard deviations must also be equal b. their medians must also be equal c. their modes must also be equal d. None of these alternatives is correct. ANS: D PTS: 1 TOP: Descriptive Statistics 4. The mean of the sample a. is always smaller than the mean of the population from which the sample was taken b. can never be zero c. can never be negative d. None of these alternatives is correct. ANS: D PTS: 1 TOP: Descriptive Statistics 5. When the smallest and largest percentage of items are removed from a data set and the mean is computed, the mean of the remaining data is a. the median b. the mode c. the trimmed mean d. any of the above ANS: C PTS: 1 TOP: Descriptive Statistics 6. Since the population is always larger than the sample, the value of the sample mean a. is always smaller than the true value of the population mean b. is always larger than the true value of the population mean c. is always equal to the true value of the population mean d. could be larger, equal to, or smaller than the true value of the population mean ANS: D PTS: 1 TOP: Descriptive Statistics 7. Which of the following provides a measure of central location for the data? a. standard deviation b. mean c. variance d. range ANS: B PTS: 1 TOP: Descriptive Statistics 8. When computing the mean of a set of values xi, the value of åxi a. can never be zero b. can never be negative c. must always be positive d. can be any value ANS: D PTS: 1 TOP: Descriptive Statistics 9. In computing the mean of a sample, the value of åxi is divided by a. n b. n – 1 c. n + 1 d. n – 2 ANS: A PTS: 1 TOP: Descriptive Statistics 10. A numerical value used as a summary measure for a sample, such as sample mean, is known as a a. population parameter b. sample parameter c. sample statistic d. population mean ANS: C PTS: 1 TOP: Descriptive Statistics 11. Since the population size is always larger than the sample size, then the sample statistic a. can never be larger than the population parameter b. can never be equal to the population parameter c. can be smaller, larger, or equal to the population parameter d. can never be smaller than the population parameter ANS: C PTS: 1 TOP: Descriptive Statistics 12. m is an example of a a. population parameter b. sample statistic c. population variance d. mode ANS: A PTS: 1 TOP: Descriptive Statistics 13. The mean of a sample a. is always equal to the mean of the population b. is always smaller than the mean of the population c. is computed by summing the data values and dividing the sum by (n – 1) d. is computed by summing all the data values and dividing the sum by the number of ANS: D PTS: 1 TOP: Descriptive Statistics 14. The hourly wages of a sample of 130 system analysts are given below. mean = 60 range = 20 mode = 73 variance = 324 median = 74 The coefficient of variation equals a. 0.30% b. 30% c. 5.4% d. 54% ANS: B PTS: 1 TOP: Descriptive Statistics 15. The variance of a sample of 169 observations equals 576. The standard deviation of the sample equals a. 13 b. 24 c. 576 d. 28,461 ANS: B PTS: 1 TOP: Descriptive Statistics 16. The median of a sample will always equal the a. mode b. mean c. 50th percentile d. all of the above answers are correct ANS: C PTS: 1 TOP: Descriptive Statistics 17. The median is a measure of a. relative dispersion b. absolute dispersion c. central location d. relative location ANS: C PTS: 1 TOP: Descriptive Statistics 18. The 50th percentile is the a. mode b. median c. mean d. third quartile ANS: B PTS: 1 TOP: Descriptive Statistics 19. The 75th percentile is referred to as the a. first quartile b. second quartile c. third quartile d. fourth quartile ANS: C PTS: 1 TOP: Descriptive Statistics 20. The pth percentile is a value such that at least p percent of the observations are a. less than or equal to this value b. less than this value c. more than or equal to this value d. more than this value ANS: A PTS: 1 TOP: Descriptive Statistics 21. The difference between the largest and the smallest data values is the a. variance b. interquartile range c. range d. coefficient of variation ANS: C PTS: 1 TOP: Descriptive Statistics 22. The first quartile a. contains at least one third of the data elements b. is the same as the 25th percentile c. is the same as the 50th percentile d. is the same as the 75th percentile ANS: B PTS: 1 TOP: Descriptive Statistics 23. When computing the mean, the smallest value a. can never be negative b. can never be zero c. can never be less than the mean d. can be any value ANS: D PTS: 1 TOP: Descriptive Statistics 24. Which of the following is not a measure of central location? a. mean b. median c. variance d. mode ANS: C PTS: 1 TOP: Descriptive Statistics 25. If a data set has an even number of observations, the median a. cannot be determined b. is the average value of the two middle items c. must be equal to the mean d. is the average value of the two middle items when all items are arranged in ascend ANS: D PTS: 1 TOP: Descriptive Statistics 26. Which of the following is a measure of dispersion? a. percentiles b. quartiles c. interquartile range d. all of the above are measures of dispersion ANS: C PTS: 1 TOP: Descriptive Statistics 27. The value which has half of the observations above it and half the observations below it is called the a. range b. median c. mean d. mode ANS: B PTS: 1 TOP: Descriptive Statistics 28. The most frequently occurring value of a data set is called the a. range b. mode c. mean d. median ANS: B PTS: 1 TOP: Descriptive Statistics 29. The interquartile range is a. the 50th percentile b. another name for the variance c. the difference between the largest and smallest values d. the difference between the third quartile and the first quartile ANS: D PTS: 1 TOP: Descriptive Statistics 30. The weights (in pounds) of a sample of 36 individuals were recorded and the following statistics were calculated. mean = 160 range = 60 mode = 165 variance = 324 median = 170 The coefficient of variation equals a. 0.1125% b. 11.25% c. 203.12% d. 0.20312% ANS: B PTS: 1 TOP: Descriptive Statistics 31. The heights (in inches) of 25 individuals were recorded and the following statistics were calculated mean = 70 range = 20 mode = 73 variance = 784 median = 74 The coefficient of variation equals a. 11.2% b. 1120% c. 0.4% d. 40% ANS: D PTS: 1 TOP: Descriptive Statistics 32. The standard deviation of a sample of 100 observations equals 64. The variance of the sample equals a. 8 b. 10 c. 6400 d. 4,096 ANS: D PTS: 1 TOP: Descriptive Statistics 33. The variance of a sample of 81 observations equals 64. The standard deviation of the sample equals a. 9 b. 4096 c. 8 d. 6561 ANS: C PTS: 1 TOP: Descriptive Statistics 34. If index i (which is used to determine the location of the pth percentile) is not an integer, its value should be a. squared b. divided by (n – 1) c. rounded down d. rounded up ANS: D PTS: 1 TOP: Descriptive Statistics 35. When the data are skewed to the right, the measure of Skewness will be a. negative b. zero c. positive d. one ANS: C PTS: 1 TOP: Descriptive Statistics 36. When data are positively skewed, the mean will usually be a. greater than the median b. smaller than the median c. equal to the median d. positive ANS: A PTS: 1 TOP: Descriptive Statistics 37. Which of the following is not a measure of dispersion? a. the range b. the 50th percentile c. the standard deviation d. the interquartile range ANS: B PTS: 1 TOP: Descriptive Statistics 38. The interquartile range is used as a measure of variability to overcome what difficulty of the range? a. the sum of the range variances is zero b. the range is difficult to compute c. the range is influenced too much by extreme values d. the range is negative ANS: C PTS: 1 TOP: Descriptive Statistics 39. If the variance of a data set is correctly computed with the formula using n – 1 in the denominator, which of the following is true? a. the data set is a sample b. the data set is a population c. the data set could be either a sample or a population d. the data set is from a census ANS: A PTS: 1 TOP: Descriptive Statistics 40. In computing descriptive statistics from grouped data, a. data values are treated as if they occur at the midpoint of a class b. the grouped data result is more accurate than the ungrouped result c. the grouped data computations are used only when a population is being analyzed d. None of these alternatives is correct. ANS: A PTS: 1 TOP: Descriptive Statistics 41. The measure of dispersion that is influenced most by extreme values is a. the variance b. the standard deviation c. the range d. the interquartile range ANS: C PTS: 1 TOP: Descriptive Statistics 42. When should measures of location and dispersion be computed from grouped data rather than from individual data values? a. as much as possible since computations are easier b. only when individual data values are unavailable c. whenever computer packages for descriptive statistics are unavailable d. only when the data are from a population ANS: B PTS: 1 TOP: Descriptive Statistics 43. The descriptive measure of dispersion that is based on the concept of a deviation about the mean is a. the range b. the interquartile range c. the absolute value of the range d. the standard deviation ANS: D PTS: 1 TOP: Descriptive Statistics 44. The numerical value of the standard deviation can never be a. larger than the variance b. zero c. negative d. smaller than the variance ANS: C PTS: 1 TOP: Descriptive Statistics 45. The sample variance a. is always smaller than the true value of the population variance b. is always larger than the true value of the population variance c. could be smaller, equal to, or larger than the true value of the population variance d. can never be zero ANS: C PTS: 1 TOP: Descriptive Statistics 46. The coefficient of variation is a. the same as the variance b. the standard deviation divided by the mean times 100 c. the square of the standard deviation d. the mean divided by the standard deviation ANS: B PTS: 1 TOP: Descriptive Statistics 47. The variance can never be a. zero b. larger than the standard deviation c. negative d. smaller than the standard deviation ANS: C PTS: 1 TOP: Descriptive Statistics 48. The sum of deviations of the individual data elements from their mean is a. always greater than zero b. always less than zero c. sometimes greater than and sometimes less than zero, depending on the data elem d. always equal to zero ANS: D PTS: 1 TOP: Descriptive Statistics 49. Which of the following symbols represents the standard deviation of the population? a. s2 b. s c. m d. ANS: B PTS: 1 TOP: Descriptive Statistics 50. Which of the following symbols represents the mean of the population? a. s2 b. s c. m d. ANS: C PTS: 1 TOP: Descriptive Statistics 51. Which of the following symbols represents the variance of the population? a. s2 b. s c. m d. ANS: A PTS: 1 TOP: Descriptive Statistics 52. Which of the following symbols represents the size of the population? a. s2 b. s c. m d. N ANS: D PTS: 1 TOP: Descriptive Statistics 53. Which of the following symbols represents the mean of the sample? a. s2 b. s c. m d. ANS: D PTS: 1 TOP: Descriptive Statistics 54. Which of the following symbols represents the size of the sample a. s2 b. s c. N d. n ANS: D PTS: 1 TOP: Descriptive Statistics 55. The symbol s is used to represent a. the variance of the population b. the standard deviation of the sample c. the standard deviation of the population d. the variance of the sample ANS: C PTS: 1 TOP: Descriptive Statistics 56. The symbol s2 is used to represent a. the variance of the population b. the standard deviation of the sample c. the standard deviation of the population d. the variance of the sample ANS: A PTS: 1 TOP: Descriptive Statistics 57. The variance of the sample a. can never be negative b. can be negative c. cannot be zero d. cannot be less than one ANS: A PTS: 1 TOP: Descriptive Statistics 58. The measure of dispersion which is not measured in the same units as the original data is the a. median b. standard deviation c. coefficient of determination d. variance ANS: D PTS: 1 TOP: Descriptive Statistics 59. A numerical measure of linear association between two variables is the a. variance b. covariance c. standard deviation d. coefficient of variation ANS: B PTS: 1 TOP: Descriptive Statistics 60. Positive values of covariance indicate a. a positive variance of the x values b. a positive variance of the y values c. the standard deviation is positive d. positive relation between the independent and the dependent variables ANS: D PTS: 1 TOP: Descriptive Statistics 61. A numerical measure of linear association between two variables is the a. variance b. coefficient of variation c. correlation coefficient d. standard deviation ANS: C PTS: 1 TOP: Descriptive Statistics 62. The coefficient of correlation ranges between a. 0 and 1 b. -1 and +1 c. minus infinity and plus infinity d. 1 and 100 ANS: B PTS: 1 TOP: Descriptive Statistics 63. The coefficient of correlation a. is the same as the coefficient of determination b. can be larger than 1 c. cannot be larger than 1 d. cannot be negative ANS: C PTS: 1 TOP: Descriptive Statistics 64. The value of the sum of the deviations from the mean, i.e., must always be a. less than the zero b. negative c. either positive or negative depending on whether the mean is negative or positive d. zero ANS: D PTS: 1 TOP: Descriptive Statistics 65. The numerical value of the variance a. is always larger than the numerical value of the standard deviation b. is always smaller than the numerical value of the standard deviation c. is negative if the mean is negative d. can be larger or smaller than the numerical value of the standard deviation ANS: D PTS: 1 TOP: Descriptive Statistics 66. Since the median is the middle value of a data set it a. must always be smaller than the mode b. must always be larger than the mode c. must always be smaller than the mean d. None of these alternatives is correct. ANS: D PTS: 1 TOP: Descriptive Statistics 67. In a five number summary, which of the following is not used for data summarization? a. the smallest value b. the largest value c. the mean d. the 25th percentile ANS: C PTS: 1 TOP: Descriptive Statistics 68. The relative frequency of a class is computed by a. dividing the midpoint of the class by the sample size b. dividing the frequency of the class by the midpoint c. dividing the sample size by the frequency of the class d. dividing the frequency of the class by the sample size ANS: D PTS: 1 TOP: Descriptive Statistics 69. During a cold winter, the temperature stayed below zero for ten days (ranging from -20 to -5). The variance of the temperatures of the ten-day period a. is negative since all the numbers are negative b. must be at least zero c. cannot be computed since all the numbers are negative d. can be either negative or positive ANS: B PTS: 1 TOP: Descriptive Statistics 70. Which of the following is not a measure of dispersion? a. mode b. standard deviation c. range d. interquartile range ANS: A PTS: 1 TOP: Descriptive Statistics 71. If the coefficient of variation is 40% and the mean is 70, then the variance is a. 28 b. 2800 c. 1.75 d. 784 ANS: D PTS: 1 TOP: Descriptive Statistics 72. Given the following information: Standard deviation = 8 Coefficient of variation = 64% The mean would then be a. 12.5 b. 8 c. 0.64 d. 1.25 ANS: A PTS: 1 TOP: Descriptive Statistics 73. Since the mode is the most frequently occurring data value, it a. can never be larger than the mean b. is always larger than the median c. is always larger than the mean d. None of these alternatives is correct. ANS: D PTS: 1 TOP: Descriptive Statistics 74. A group of students had dinner at a local restaurant. The total bill for the dinner was $414.70. Each student paid his/her equal share of the bill, which was $18.85. How many student’s were at the dinner? a. 4 b. 415 c. 19 d. 22 ANS: D PTS: 1 TOP: Descriptive Statistics 75. The standard deviation of a sample was reported to be 20. The report indicated that = 7200. What has been the sample size? a. 16 b. 17 c. 18 d. 19 ANS: D PTS: 1 TOP: Descriptive Statistics 76. The variance of a sample was reported to be 144. The report indicated that = 7200. What has been the sample size? a. 49 b. 50 c. 51 d. 52 ANS: C PTS: 1 TOP: Descriptive Statistics 77. From a population of size 1,000, a random sample of 100 items is selected. The mean of the sample a. must be 10 times smaller than the mean of the population b. must be equal to the mean of the population, if the sample is truly random c. must be 10 times larger than the mean of the population d. can be larger, smaller or equal to the mean of the population ANS: D PTS: 1 TOP: Descriptive Statistics 78. From a population of size 500, a random sample of 50 items is selected. The mode of the sample a. must be 500 b. must be equal to the mode of population, if the sample is truly random c. must be equal to the mean of the population, if the sample is truly random d. can be larger, smaller or equal to the mode of the population ANS: D PTS: 1 TOP: Descriptive Statistics 79. From a population of size 400, a random sample of 40 items is selected. The median of the sample a. must be 200, since 400 divided by 2 is 200 b. must be 10, since 400 divided by 400 is 10 c. must be equal to the median of population, if the sample is truly random d. None of these alternatives is correct. ANS: D PTS: 1 TOP: Descriptive Statistics 80. A box plot is a graphical technique which is used for a. only one group of data b. making comparisons between only two groups c. making comparisons between two or more groups d. summing the deviations from the mean and placing the sum in a box ANS: C PTS: 1 TOP: Descriptive Statistics Exhibit 3-1 The following data show the number of hours worked by 200 statistics students. Number of Hours Frequency 0 – 9 40 10 – 19 50 20 – 29 70 30 – 39 40 81. Refer to Exhibit 3-1. The class width for this distribution a. is 9 b. is 10 c. is 11 d. varies from class to class ANS: B PTS: 1 TOP: Descriptive Statistics 82. Refer to Exhibit 3-1. The number of students working 19 hours or less a. is 40 b. is 50 c. is 90 d. cannot be determined without the original data ANS: C PTS: 1 TOP: Descriptive Statistics 83. Refer to Exhibit 3-1. The relative frequency of students working 9 hours or less a. is .2 b. is .45 c. is 40 d. cannot be determined from the information given ANS: A PTS: 1 TOP: Descriptive Statistics 84. Refer to Exhibit 3-1. The cumulative relative frequency for the class of 10 – 19 a. is 90 b. is .25 c. is .45 d. cannot be determined from the information given ANS: C PTS: 1 TOP: Descriptive Statistics Exhibit 3-2 A researcher has collected the following sample data 5 12 6 8 6 7 5 12 85. Refer to Exhibit 3-2. The median is a. 5 b. 6 c. 7 d. 8 ANS: B PTS: 1 TOP: Descriptive Statistics 86. Refer to Exhibit 3-2. The mode is a. 5 b. 6 c. 7 d. 8 ANS: A PTS: 1 TOP: Descriptive Statistics 87. Refer to Exhibit 3-2. The mean is a. 5 b. 6 c. 7 d. 8 ANS: C PTS: 1 TOP: Descriptive Statistics 88. Refer to Exhibit 3-2. The 75th percentile is a. 5 b. 6 c. 7 d. 8 ANS: D PTS: 1 TOP: Descriptive Statistics Exhibit 3-3 A researcher has collected the following sample data. The mean of the sample is 5. 3 5 12 3 89. Refer to Exhibit 3-3. The variance is a. 80 b. 4.062 c. 13.2 d. 16.5 ANS: D PTS: 1 TOP: Descriptive Statistics 90. Refer to Exhibit 3-3. The standard deviation is a. 8.944 b. 4.062 c. 13.2 d. 16.5 ANS: B PTS: 1 TOP: Descriptive Statistics 91. Refer to Exhibit 3-3. The coefficient of variation is a. 72.66% b. 81.24% c. 264% d. 330% ANS: B PTS: 1 TOP: Descriptive Statistics 92. Refer to Exhibit 3-3. The range is a. 1 b. 2 c. 10 d. 12 ANS: C PTS: 1 TOP: Descriptive Statistics 93. Refer to Exhibit 3-3. The interquartile range is a. 1 b. 2 c. 10 d. 12 ANS: B PTS: 1 TOP: Descriptive Statistics 94. Refer to Exhibit 3-4. The mean is a. 35 b. 670 c. 10 d. 67 ANS: D PTS: 1 TOP: Descriptive Statistics 95. Refer to Exhibit 3-4. The variance is a. 6.969 b. 7.071 c. 48.570 d. 50.000 ANS: D PTS: 1 TOP: Descriptive Statistics