WorksheetsStatistics for Business and Economics C3
Total questions: 9
Worksheet time: 7mins
The median and the second quartile of a data set are always equal.
True
False
Depending on the numbers in a data set, the sum of deviations from the arithmetic mean for the set of numerical data may be greater than or less than zero.
True
False
For a set of data that are distributed in a bell or mound shape, approximately what percentage of values will lie between the mean and two standard deviations?
68%
85%
95%
99.7%
For a skewed distribution, what is the minimum percentage of the observations that will lie within 2.5 standard deviations of the mean based on Chebyshev’s rule?
84%
75%
78%
95%
Compared to the formula for determining the population variance, the formula for determining the sample variance is ________.
exactly same
totally different
similar except for (n − 1) in the denominator instead of N
similar except for (n + 1) in the denominator instead of N
If the z-score of an observation in a set of normally distributed numerical data is bigger than zero, it means that the observation is ________. hint: z score= (x-x̄)/s
an error
an outlier
bigger than the mean
bigger than the standard deviation
If the sample variance of a dataset of size 8 is 2.57, what is the population variance if considering the same dataset to be a population?
2.57
2.25
1.60
1.5
Which one of the following is not used in developing a box and whisker plot to describe the distribution of data?
the median
the mean
the lower quartile
the upper quartile
the smallest value within the inner fence
For a set of data with a distribution skewed to the left ________.
the mean is equal to the median
the mean is lower than the median
the mean is greater than the median
the median is greater than the mean
