MNAGERIAL STATISTICS MID-TERM EXAM FOR THE DEPARTMENT OF MARKETING
MANAGEMENT 3rd YEAR WEEKEND STUDENTS
EXAM WEIGHT: 25%
NAME---------------------------------------------SECTION--------------------------------- ID------------------
I. Write true if the statement is correct and false if statement is Incorrect
1. The standardized normal distribution is purely theoretical probability distribution, but it is the
most useful distribution in inferential statistics.
2. Interval estimation is a statistical procedure in which we use a single value to estimate a
population parameter.
3. Population is the entire collection of measurements in which we are interested, and the sample is a
smaller set of measurements selected from the population.
4. Sampling theory is the study of relationships existing between a population and samples drawn.
5. Sampling distribution plays a vital role in statistical work because they enable us to use data from
random sample to make prediction or judgments about the population.
6. Sampling error is the difference between the sample estimation and the actual value of the
population.
II. Choose the correct answer from the given alternatives
7. Which one of the following is true about properties of statistical estimators?
A. Biasness C. accurateness
B. Inconsistency D. Insufficiency
8. What are the possible contributing factors for the creation of Systematic Error?
A. Inappropriate sampling frame D. Non-response bias or defects in data
collection.
B. Accessibility bias
E. All of the above
C. Defective measuring device
9. One of the following may not be considered as the major characteristics of the standardized
normal distribution.
A. It is symmetrical about its mean; the tails on both sides are equal.
B. The standardized normal distribution has a mean of 0 and a standard deviation of 1.
C. The normal curve has a finite number of cases, and the area under the curve has a probability density equal
to 1.0.
D. All of the above
10. Which one of the following is not true about Random/ Probabilistic sampling?
A. All probability samples are based on chance selection procedures.
B. Chance selection eliminates the bias inherent in the non-probability sampling procedure.
C. The procedure of randomization should be thought as unplanned or unscientific.
D. All probability samples have an equal chance of being selected.
Set By: Aynetu Terefe
MNAGERIAL STATISTICS MID-TERM EXAM FOR THE DEPARTMENT OF MARKETING
MANAGEMENT 3rd YEAR WEEKEND STUDENTS
EXAM WEIGHT: 25%
11. One of the following is different from the other
A. Convenience Sampling D. Purposive or deliberate sampling
B. Snowball Sampling
C. Cluster sampling
10. Which one of the following is not categorized under probability sampling technique?
A. Stratified sampling C. Systematic Sampling
B. Simple random sampling D. Quota sampling
11. Which one of the following is true about Judgment (Purposive or deliberate) sampling
A. The investigator has complete freedom in choosing his sample according to his wishes and
desire.
B. The researcher select the sample based upon his judgment about some appropriate characteristics
required from the sample members.
C. its value depends on entirely on the expert judgment of the researcher
D. all of the above
12. One of the following may not be true about stratified sampling technique
A. The population is divided into various classes or sub-population
B. This method of sampling is a mixture of deliberate and random sampling technique.
C. Suitable when population from which the sample to be drawn does not constitute a
homogeneous group.
D. None of the above
III. Workout
13. A company uses a filling machine to fill plastic bottles with popular cola. The bottles are supposed to contain
300 milliliters. In fact, the contents vary according to normal distribution with a mean (µ) of 298 ml. and
standard deviation ( ) of 3 ml.
A. What is the probability that the mean contents of the bottles in a six-pack is less than 295 ml? Interpret the
result.
B. What is the probability that a single bottle contains less than 295 ml? Interpret the result.
14. To set the price of a product, one strategy is competition-oriented in which you fix the price of your product at
the average level charged by other producers. Suppose you want to market a 300-gram bar or soap that you
produce. The current wholesale prices charged by a random sample of 10 soap producers (in birr) are: 30,
35.20,25, 36, 45, 50, 55, 42& 54.
What is an estimate of the mean wholesale price charged by all soap producers? Find an estimate of the standard
deviation in the wholesale prices of all the producers?
Set By: Aynetu Terefe
MNAGERIAL STATISTICS MID-TERM EXAM FOR THE DEPARTMENT OF MARKETING
MANAGEMENT 3rd YEAR WEEKEND STUDENTS
EXAM WEIGHT: 25%
Set By: Aynetu Terefe
