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. NameEmail1) which of the following is a correct statement? Probabilities are numbers whose values can be from -1 to +1 Probabilities are always whole numbers The total of all the probabilities assigned to all outcomes in a sample space must be equal to 1.0 An event that is certain not to happen has a probability of 1.02) Consider the following data: 1, 7, 3, 3, 6, 4 the mean and median for this data are 4.8 and 3 1/2 4.8 and 3 4 and 3 4 and 3 1/2 4 and 3 1/33) Which one of these variables is a binomial random variable? number of women taller than 68 inches in a random sample of 5 women time it takes a randomly selected student to complete a multiple choice exam number of CDs a randomly selected person owns number of textbooks a randomly selected student bought this term 4) 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 each outcome can be referred to as a success or a failure the trials are independent5) The mean is a measure of skewness central tendency symmetry position variability6) 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 6/23 7/23 5/237) A frequency distribution provides the following information The value of the measurement and the number of individuals with that value. The value of the measurement and the percent of individuals with that value The value of the measurement and the percent of individuals with that value or a smaller one8) If two events (both with probability greater than 0) are mutually exclusive, then They must be independent and could be complement They cannot be independent and they cannot be complement They cannot be independent and could be complement They must be independent and complement9) If you are told a sample has a mean of 19 and a variance of 0, what must you conclude? There are no elements in the sample There is only one element in the sample Someone has made a mistake. All the elements in the sample are 25 None of the above10) An experiment consists of making 80 telephone calls in order to sell a particular insurance policy. The random variable in this experiment is a discrete random variable continuous random variable complex random variable simplex random variableThank you for taking - Managerial Statistics Poisson and Bayes theorem Give your best to show up in the board below: Leaderboard for Managerial Statistics Poisson and Bayes theorem 1. 1420439-9 Points 2. 1420403-9 Points 3. Akhilesh Pramudula-9 Points 4. SAKETH-9 Points 5. 1420408-9 Points Share this:FacebookTwitterEmailGoogleLinkedIn