Exam (elaborations)
QMB 3200 Test 1 Questions And Answers Latest Update
- Course
- QMB 3200
- Institution
- University Of Central Florida
QMB 3200 Test 1 Questions And Answers Latest Update
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Solution 2024/2025Pepper
QMB 3200 Test 1 Questions And Answers Latest Update
What is the z score formula? ANS✔✔ (the observation - mean) / standard deviation
What does a z score tell us? ANS✔✔ how many standard deviations a value of from the mean
How do you find the range? ANS✔✔ biggest value minus smallest value
What is the formula used in excel to find the range? ANS✔✔ =max(array) - min (array)
If a data set has an odd number of observations, the median
a. Cannot be determined
b. is the value of the middle item when all items are arranged in ascending order
c. is the average value of the two middle items when all items are arranged in ascending order.
d. must be equal to the mean ANS✔✔ b. is the value of the middle item when all items are arranged in ascending order
Which of the following represents the data point that occurs most frequently in a set of observations?
a. Mean
b. Mode
c. All of these choices are correct
d. Median ANS✔✔ b. Mode
The median of a data set is represented by the:
, Solution 2024/2025
Pepper
a. 50th percentile
b. 75th percentile
c. 100th percentile
d. 25th percentile ANS✔✔ a. 50th percentile
Which of the following is a possible reason for an outlier in a data set?
a. A mistake was made while taking a measurement or entering it into the computer
b. The individual in question belongs to a different group than the bulk of individuals measured
c. The outlier is a legitimate data value and represents natural variability for the group and variables measured
d. All of these choices are possible reasons for an outlier ANS✔✔ d. All of these choices are possible reasons for an
outlier
The following is the frequency distribution for the ages of a sample of senior citizens who attend a local bingo night.
What is the standard deviation for this data set?
Age / Frequency
60-
65-
70-
75-
Total: 40
a. 47.8
b. 4.19
c. 17.54
d. 68 ANS✔✔ b. 4.19
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