Showing posts with label Business Stats. Show all posts
Showing posts with label Business Stats. Show all posts

During a cold winter, the temperature stayed below zero for ten days (ranging from -20 to -5). The variance of the temperatures of the ten day period

During a cold winter, the temperature stayed below zero for ten days (ranging from -20 to -5). The variance of the temperatures of the ten day period



a.) is negative since all the numbers are negative

b.) must be at least zero

c.) cannot be computed since all the numbers are negative

d.) can be either negative or positive



Answer: B

The coefficient of correlation

The coefficient of correlation



a.) is the same as the coefficient of determination

b.) can be larger than 1

c.) cannot be larger than 1

d.) cannot be negative



Answer: C

Positive values of covariance indicate

Positive values of covariance indicate



a.) a positive variance of the x values

b.) a positive variance of the y values

c.) the standard deviation is positive

d.) positive relation between the independent and the dependent variables



Answer: D

The symbol sigma2 is used to represent

The symbol sigma2 is used to represent



a.) the variance of the population

b.) the standard deviation of the sample

c.) the standard deviation of the population

d.) the variance of the sample



Answer: A

The symbol sigma is used to represent

The symbol sigma is used to represent



a.) the variance of the population

b.) the standard deviation of the sample

c.) the standard deviation of the population

d.) the variance of the sample



Answer: C

If two groups of numbers have the same mean, then

If two groups of numbers have the same mean, then 



a.) their standard deviations must also be equal

b.) their medians must also be equal

c.) their modes must also be equal

d.) None of these alternative is correct



Answer: D

The variance can never be

The variance can never be



a.) zero

b.) larger than the standard deviation

c.) negative

d.) smaller than the standard deviation



Answer: C

The sample variance

The sample variance



a.) is always smaller than the true value of the population variance

b.) is always larger than the true value of the population variance

c.) could be smaller, equal to, or larger than the true value of the population variance

d.) can never be zero



Answer: C