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Bisiness Statistics (descriptive2)

Total questions: 14

Worksheet time: 14mins

Name
Class
Date
1.

Given the data set: 1, 3, 5, 7, 9, 11,13, what is the average?

a)

5

b)

7

c)

9

d)

7.5

2.

Given the data set: 1, 3, 5, 7, 9, 11,13, 15 what is the average?

a)

5

b)

7

c)

8

d)

7.5

3.

Given the data set: 1, 3, 5, 7, 9, 11,13, 15 what is the median?

a)

8

b)

7

c)

8.5

d)

7.5

4.

Given the data set: 1, 3, 5, 7, 9, 11,13 what is the median?

a)

6.5

b)

7

c)

8.5

d)

7.5

5.

Given the data set: 1, 2, 3, 4, 5 what is the variance?

a)

3

b)

3.5

c)

2

d)

2.5

6.

Given the data set: 1, 2, 3, 4, 5 what is the standard deviation?

a)

1.6

b)

2.1

c)

1.58

d)

2.5

7.

Given the data set: 1, 2, 3, 4, 5 what is the range?

a)

6

b)

4

c)

5

d)

3

8.

Given the data set: 1, 3, 5, 7, 9, 11,13, 150 what is the median?

a)

8

b)

7

c)

8.5

d)

7.5

9.

Given the data set: 1, 2, 3, 4, 5 what is the 0.5 percentile?

a)

2

b)

4

c)

5

d)

3

10.

Given the data set: 1, 2, 3, 4, 5 what is the 0.25 percentile?

a)

2

b)

4

c)

5

d)

3

11.

Given the data set: 1, 2, 3, 4, 5 what is the 0.75 percentile?

a)

2

b)

4

c)

5

d)

3

12.

Given the data set: 1, 2, 3, 4, 5 what is the interquartile range?

a)

2

b)

4

c)

5

d)

3

13.

What is the 68, 95, 99.7 rule?

a)

A. For bell-shaped distributed data, 68% of the data are located within one standard deviation range from the average, 95% of the data are located within two standard deviation range from the average and 99.7% of the data are within three standard deviation range from the average.

b)

B. For any data, 68% of the data are located within one standard deviation range from the average, 95% of the data are located within two standard deviation range from the average and 99.7% of the data are within three standard deviation range from the average.

c)

C. For most symettrically distributed data, 68% of the data are located within one standard deviation range from the average, 95% of the data are located within two standard deviation range from the average and 99.7% of the data are within three standard deviation range from the average.

d)

A and C.

14.

The average GMAT score is 547 (Magoosh website, January 5, 2015). Assume that GMAT scores are bell-shaped with a standard deviation of 100. Which of the following statement is correct?

a)

16% of the scores are below 447

b)

16% of the scores are above 647

c)

50% of the scores are above 547

d)

2.5 % of the scores are below 347

e)

all are correct