Managerial Statistics Practice testThis entry was posted in Quiz Statistics by Kamal Kishore Instructions for Students: 1- Kindly attempt all the questions, before submitting. 2- For every correct answer, you will get 1 mark. 3- There is no negative marking. 4- Try to submit quiz, before the time runs out. 5- DO NOT REFRESH OR PRESS BACK BUTTON ON YOUR WEB BROWSER. All the best. Name Email 1. The mean is a measure of variability position central tendency skewness symmetry2. which of the following is a correct statement? Probabilities are always whole numbers An event that is certain not to happen has a probability of 1.0 Probabilities are numbers whose values can be from -1 to +1 The total of all the probabilities assigned to all outcomes in a sample space must be equal to 1.03. Consider the following data: 1, 7, 3, 3, 6, 4 the mean and median for this data are 4 and 3 1/2 4.8 and 3 4 and 3 1/3 4.8 and 3 1/2 4 and 34. If you are told a sample has a mean of 19 and a variance of 0, what must you conclude? All the elements in the sample are 25 There is only one element in the sample Someone has made a mistake. None of the above There are no elements in the sample5. Which of the following is not a property of a binomial experiment? the experiment consists of a sequence of n identical trials the probabilities of the two outcomes can change from one trial to the next the trials are independent each outcome can be referred to as a success or a failure6. If two events (both with probability greater than 0) are mutually exclusive, then They cannot be independent and they cannot be complement They must be independent and complement They cannot be independent and could be complement They must be independent and could be complement7. The probabilities of X, Y, Z becoming managers are 4/9, 2/9 and 1/3 respectively. The probability that the bonus scheme will be introduced, if X, Y , Z becomes managers are, 3/10, 1/2, and 4/5 respectively. If the bonus scheme has been introduced, what is the prob. that a manager appointed was X 4/23 5/23 6/23 7/238. An experiment consists of making 80 telephone calls in order to sell a particular insurance policy. The random variable in this experiment is a simplex random variable complex random variable continuous random variable discrete random variable9. Which one of these variables is a binomial random variable? number of CDs a randomly selected person owns number of women taller than 68 inches in a random sample of 5 women number of textbooks a randomly selected student bought this term time it takes a randomly selected student to complete a multiple choice exam 10. A frequency distribution provides the following information The value of the measurement and the percent of individuals with that value or a smaller one The value of the measurement and the percent of individuals with that value The value of the measurement and the number of individuals with that value.Thank you for taking - Managerial Statistics Poisson and Bayes theorem Give your best to show up in the board below: [mlw_quizmaster_leaderboard mlw_quiz=7] Share this:FacebookTwitterEmailGoogleLinkedIn