preview

QNT 561 Final Exam

Satisfactory Essays

HYPERLINK "http://www.finalexamanswer.com/QNT-561-Final-Exam_p_61.html" DOWNLOAD ANSWERS
QNT 561 Final Exam
1) Which of the following measures of central location is affected most by extreme values? A. MeanB. MedianC. Mode D. Geometric mean
2) A correlation matrix…A.Shows all simple coefficients of correlation between variablesB. shows only correlations that are zeroC. shoes the correlations that are positiveD. shows only the correlations that are statistically significant
3) In a set of observations, which measure of central tendency reports the value that occurs most often? A. Mean B. MedianC. ModeD. Geometric mean
4) Which level of measurement is required for the median? A. Nominal B. OrdinalC. IntervalD. Ratio
5) The mean and …show more content…

A. It may range from 0 to 1.B. It may assume negative values.C. It may be greater than 1.D. It cannot be reported to more than 1 decimal place.
18) The central limit theorem is important to market researchers because it states that as sample sizes increase, the distribution of the sample ________ collected from consumers on any topic of interest being researched approaches the normal distribution. A. mediansB. meansC. standard deviationsD. variances
19) To find confidence intervals for the mean of a normal distribution, the t distribution is usually used in practical applications instead of the standard normal distribution because…A. the mean of the population is not knownB. the t distribution is more effectiveC. the variance of the population is usually not knownD. the sample size is not known
20) In a two-sample test of means for independent samples, we use the z distribution when…A. the population standard deviations are equalB. both populations have at least 4,000 observationsC. both population standard deviations are knownD. nB and n(1-B) are both greater than 5
21) The special rule of addition is used to combine…A. independent eventsB. mutually exclusive eventsC. events that total more than oneD. events based on subjective probabilities
22) A sample of 5 companies were examined for changes in their relative market share. The results showed the following increases and decreases: –5, 10, 10, 5, –10. A. 8B. 2C. -2D. 6
23) A nominal scale variable…A.

Get Access