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 symmetry position skewness central tendency variability2) If two events (both with probability greater than 0) are mutually exclusive, then They cannot be independent and could be complement They must be independent and could be complement They cannot be independent and they cannot be complement They must be independent and complement3) which of the following is a correct statement? An event that is certain not to happen has a probability of 1.0 The total of all the probabilities assigned to all outcomes in a sample space must be equal to 1.0 Probabilities are numbers whose values can be from -1 to +1 Probabilities are always whole numbers4) 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 and 3 1/2 4.8 and 3 4 and 3 4 and 3 1/35) 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 or a smaller one The value of the measurement and the percent of individuals with that value6) 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 5/23 4/23 6/23 7/237) An experiment consists of making 80 telephone calls in order to sell a particular insurance policy. The random variable in this experiment is a complex random variable continuous random variable simplex random variable discrete random variable8) Which one of these variables is a binomial random variable? number of textbooks a randomly selected student bought this term 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 owns9) Which of the following is not a property of a binomial experiment? the experiment consists of a sequence of n identical trials the trials are independent each outcome can be referred to as a success or a failure the probabilities of the two outcomes can change from one trial to the next10) If you are told a sample has a mean of 19 and a variance of 0, what must you conclude? Someone has made a mistake. There is only one element in the sample All the elements in the sample are 25 None of the above There are no elements in the sampleThank 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