FINAL EXAMINATION GTP 11 TH INTAKE
INDEX 1
STATISTICS FOR BUSINESS
Lecturer
Student ID:
Assoc Prof. Ho Thanh Phong
Name:
INSTRUCTIONS
1.
This is an open book examination.
2.
Calculator and dictionary are allowed.
3.
Discussion and material transfer are strictly prohibited.
PART I : (Please answer on the QUESTION SHEET)
30%
The following data is using for the next 3 questions:
Oil price in different area is given below:
Area 1 Area 2 Area 3
15.23
18.12
18.05
16.56
17.28
19.15
18
16.25
17.39
16.25
16.99
18.66
17.15
18.85
16.99
Given that, SSE = 14.738, and SST = 21.903
1.
Fulfill the ANOVA table and answer the following question:
ANOVA Table
Source
Treatment
(Between)
Error
(Within)
Total
2.
3.
Area 4
16.22
18.99
18.55
17.55
18
SS
df
MS
7.165
2.388
2.593
14.738
16
0.921
21.903
19
The critical point at = 0.025 is:
a.
3.24
b.
4.08
c.
2.46
d.
Other result(s):
Reject the null hypothesis that all the means are equal is:
a.
True
b.
False
Data Analysis Techniques Final Exam
INDEX 1
The following data is using for next 3 questions:
An auto racing driver is given training and his timings on five different tracks are then measured.
The times before and after training are given below. The differences are taken as before after.
4.
5.
6.
7.
8.
9.
Track
Before
After
226
190
280
210
320
340
235
250
Compute the average difference, taking each difference as before after?
a.
17.75
b.
16.58
c.
18.23
d.
Other result(s):
State the null hypothesis to test that the training was beneficial to this driver:
a.
H0: D = 0
b.
H0: D 0
c.
H0: D 0
d.
Other result(s):
Was the training beneficial to this driver, at = 0.01?
a.
Yes
b.
No
In a multiple regression analysis, MSE = 30, n = 24, k = 3, and SST = 2,000. What is the R2 of
the regression:
a.
0.28
b.
0.315
c.
0.685
d.
Other result(s): 0.7
In ANOVA, k = 5, n = 45, = 0.01, the critical value is:
a.
3.51
b.
3.83
c.
3.65
d.
Other result(s):
In ANOVA, k = 5, n = 45, = 0.01, the degree of freedom that sum of square error has:
a.
b.
39
c.
40
d.
Other result(s):
10. Suppose that the average volume of a bottle is 333ml. A sample of 100 bottles are randomly
selected with the the variance 169 ml2. What is the probability that the sample mean is in the
range [330.4, 335.6]
Data Analysis Techniques Final Exam
INDEX 1
a.
0.955
b.
0.023
c.
Can not compute (reason: ..)
d.
Other result(s):
The following data is using for next 3 questions
The weight of coffee package is normally distributed and its average is 200grs. A sample of 25
pakages are randomly selected. The sample standard deviation is 50grs.
11. The probability that the sample mean exceeds 210grs is
a.
0.159
b.
0.841
c.
Can not compute (reason: ..)
d.
Other result(s):
12. Assume that the standard deviation of population is 40grs. The probability that the sample
mean exceeds 210grs is
a.
0.106
b.
0.894
c.
Can not compute (reason: ..)
d.
Other result(s):
13. Assume that the standard deviation of population is 40grs. The probability that the sample
mean is in the range [186.84, 213.16] is
a.
0.95
b. 0.9
c.
Can not compute (reason: ..)
d.
Other result(s):
The following data is using for next 3 questions
The quality control manager think that the defective rate of the production line is about 5%. In order
to test whether that rate is lower 5% or not, he selected randomly 100 products and found that there
were 36 defective ones.
14. Your null hypothesis is: H0: p 5%
15. The test statistic is: 14.224
16. Given that = 5%, your null hypothesis will be
a.
Rejected
b.
Failed to reject
17. A random sample of 200 yields 22 defectives. What is the 98% C.I. for the proportion of the
defective products?
a.
[0.053, 0.167]
b.
[0.067, 0.153]
c.
[0.059, 0.161]
d.
Others: (specified)
The following data is using for next 3 questions
The data given below are the weight of 16 powder pakages
501, 502, 438, 495, 510, 497, 508, 515, 509, 485, 489, 492, 499, 507, 496, 491
Data Analysis Techniques Final Exam
INDEX 1
18. In order to find the 95%C.I. of the population mean, what assumption we need
a.
The variance of population is known
b.
The population is normally distributed
c.
All of above
d.
Others: (specified)
19. All the necessary assumptions are given. What is the 95%C.I.
a.
[482.92, 508.83]
b.
[488.17, 503.58]
c.
[486.51, 505.24]
d.
Others: (specified)
20. All the necessary assumptions are given. The upper bound of confident interval is 501.77. What
is the level of significance?
a.
10%
b.
20%
c.
5%
d.
Others: (specified)
The following data is using for next 3 questions
A random sample of 16 is taken with the mean 35 and the standard deviation is 5. Assume that the
population is normally distributed. Using = 0.05 for testing the hypothesis:
H0 : = 30
H1 : 30
21. The critical value is: 2.131
22. Reject the null Hypothesis is
a.
True
b.
False
23. In order to use z test, we need
a.
is known
b.
The sample size is greater than 30
c.
One of a bove
d.
All of above
e.
Others (specified)..
PART II: (Please answer on ANSWER SHEET)
70%
Question 1:
A real estate agent records for each listing the size of the house (in square feet), X1, the number of
bedrooms, X2, the annual average income, X3, in the respective neighborhood to see whether and
how these measures relate to the price, Y. The data for the 25 houses are collected and the multiple
- regression is carried out with = 0.05.
Results are given as follows:
ANOVA Table:
Source
Regn.
SS
df.
MS
619,263
Error
Total
Data Analysis Techniques Final Exam
INDEX 1
R 0.9682
Coefficient Table:
b
s(b)
p-value
-87.735
71.785
-1.222
0.235
X1
0.503
0.206
2.442
0.024
X2
79.032
12.736
6.205
0.000
X3
-1.26
0.795
-1.585
0.128
Intercept
Assume that, X1, X2 and X3 are independent.
a. Fill up the ANOVA table. Is there any relationship between dependent variable Y and
independent variables X1, X2 and X3? Why?
b. Is the regression equation good? State your reasons.
c. Based on the coefficient table, which variables should be removed from that equation?
Why?
Question 2:
Six animals are measured mean blood pressures during a pre-treatment control period, then while
administering a neural stimulus alone, and in the presence of a placebo drug designed to inhibit the
effect of neural stimulation. The data are given below
Control
Stimulus
Placebo
101
117
120
121
116
118
98
116
109
108
102
127
99
111
127
Conduct the ANOVA to test whether there is any different between mean blood pressures for four
methods. Given = 0.05.
Question 3:
A company applies a new method to produce their products. They want to test the new method
before adopting it, because it can reduce the weight of their products.
Data are collected and given as follows:
No.
1
2
3
4
5
6
7
Sample 1
(Old method)
75
74
73
71
81
79
76
Sample 2
(New method)
71
72
70
74
69
71
73
Given = 0.05 and the null hypothesis is: 1 - 2 0. Normality is assumed.
Data Analysis Techniques Final Exam
INDEX 1
a. Conduct the paired different test and draw your conclusions.
b. Give the 95% confidence interval for the difference. Is this result verifying what obtained
from previous question? Why?
c. Assume that two samples are randomly selected; conduct the test about the different in
means. Assume equal population variance.
Question 4
The Industrial Ministry report that the average Vietnamese household uses 150kWh of electricity
per month. A random of 50 households is chosen. The population standard deviation of monthly
usage is 30kWh.
a. What is the probability that the sample mean is more than 200kWh?
b. What is the probability that the sample mean is less than 100kWh?
c. What is the probability that the sample mean is between 130kWh and 180kWh?
Question 5
The profits of 14 stores in a week are given as follow (in million of VND): 142.59, 148.48, 159.63,
171.93, 146.90, 168.87, 141.94, 159.09, 156.32, 142.49, 129.28, 151.56, 132.87, and 178.34.
Assume that the weekly profit of a store is approximately normally distributed.
a. Construct the 95% confident interval of the average weekly profit of a store.
b. Construct the 98% confident interval of the variance weekly profit of a store.
Question 6
The XYZ Company produces fresh milk in can. Each can contains 110ml fresh milk. The
production manager collects 20 cans for testing the volume of fresh milk in each can. The sample
data as shown as follow: 111, 105, 113, 114, 112, 107, 105, 112, 106, 107, 108, 112, 107, 111, 109,
107, 111, 110, 108, and 112. Assume that the volume of fresh milk in each can is normally
distributed. Using = 5%
a. What is the test statistic value? Given that the null Hypothesis is H0 : = 110.
b. What is the production managers conclusion about the average volume of fresh milk can?
GOOD LUCK!
Data Analysis Techniques Final Exam
INDEX 1
