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    Business Statistics FinalExam Paper 1 Spring 2022

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    Nguyễn Thu Hương
    This document contains an exam for a business statistics course. It consists of 5 questions testing various statistical concepts. Question 1 involves a two-way ANOVA with interaction. Question 2 tests for independence using a chi-squared test. Question 3 tests a hypothesis about population proportions using a z-test. Question 4 involves multiple linear regression analysis. Question 5 tests for normality using measures of kurtosis and skewness. The questions require constructing tables, interpreting outputs, and performing statistical hypothesis tests.

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    Business Statistics FinalExam Paper 1 Spring 2022

    Uploaded by

    Nguyễn Thu Hương
    64 views2 pages
    This document contains an exam for a business statistics course. It consists of 5 questions testing various statistical concepts. Question 1 involves a two-way ANOVA with interaction. Question 2 tests for independence using a chi-squared test. Question 3 tests a hypothesis about population proportions using a z-test. Question 4 involves multiple linear regression analysis. Question 5 tests for normality using measures of kurtosis and skewness. The questions require constructing tables, interpreting outputs, and performing statistical hypothesis tests.

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    This document contains an exam for a business statistics course. It consists of 5 questions testing various statistical concepts. Question 1 involves a two-way ANOVA with interaction. Question 2 tests for independence using a chi-squared test. Question 3 tests a hypothesis about population proportions using a z-test. Question 4 involves multiple linear regression analysis. Question 5 tests for normality using measures of kurtosis and skewness. The questions require constructing tables, interpreting outputs, and performing statistical hypothesis tests.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    64 views2 pages

    Business Statistics FinalExam Paper 1 Spring 2022

    Uploaded by

    Nguyễn Thu Hương
    This document contains an exam for a business statistics course. It consists of 5 questions testing various statistical concepts. Question 1 involves a two-way ANOVA with interaction. Question 2 tests for independence using a chi-squared test. Question 3 tests a hypothesis about population proportions using a z-test. Question 4 involves multiple linear regression analysis. Question 5 tests for normality using measures of kurtosis and skewness. The questions require constructing tables, interpreting outputs, and performing statistical hypothesis tests.

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    © All Rights Reserved
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    of 2

    BỘ GIÁO DỤC VÀ ĐÀO TẠO

    ĐỀ THI HỌC PHẦN


    TRƯỜNG ĐẠI HỌC KINH TẾ QUỐC DÂN

    BUSINESS STATISTIC (Paper 1)


    Hệ: CHÍNH QUY Khóa: EBBA
    12…….
    Địa điểm thi: Viện QTKD
    KHOA/VIỆN: Viện QTKD Ngày thi: 6/5/2022……… Ca thi: 14h00
    Bộ môn/Chương trình: EBBA Thời gian làm bài: 90 phút

    Question 1 (2 points) 5 different brokerage houses were asked for stocks earnings forecasts for the next
    year for 6 different corporations. The brokerage houses asked the analysts on staff who had experience
    with the corporations in question. 5 analysts were surveyed at each brokerage house. Some descriptive
    statistics are listed below:
    Source of Variation Sum of
    Squares
    Between brokerage houses 340.3
    Between stocks’ earnings forecasts 132.5
    Interaction 22.3
    Total 584.3
    a. What type of ANOVA applied in this case?
    b. Construct full ANOVA table.
    c. Conduct the test for effect of each factor and interaction?
    d. What assumptions needed to do the tests?

    Question 2 (2 points)
    In a recent survey, 250 respondents were asked how many hours of television they watched each
    week. In addition, data were collected on the highest level of education attained by the individual.
    The data are summarized in the table below.

    Education Level

    Time Watching TV High School College Graduate


    Degree
    < 10 hours 23 43 6
    >10 but < 20 hours 29 58 4
    > 20 hours 43 37 7

    Can you reject the null hypothesis that there is no relationship between the level of education and
    television habits?
    Question 3 (2 points)
    A campus administrator has found that 64% of all students view courses as very useful, 20% as somewhat
    useful, and 16% as worthless. Of a random sample of 150 students taking business courses, 105 found the
    course in question very useful, 25 somewhat useful, and 20 worthless. Test the null hypothesis that the
    population distribution for business courses is the same as the above figures for all courses.

    Question 4 (3 points) An actuary wanted to develop a model to predict how long individuals will live.
    After consulting a number of physicians, she collected the age at death (y), the average number of hours
    of exercise per week ( x 1 ), the cholesterol level ( x 2 ), and the number of points that the individual’s blood
    x
    pressure exceeded the recommended value ( 3 ). A random sample of 40 individuals was selected. The
    computer output of the multiple regression model is shown below.

    THE REGRESSION EQUATION IS

    ; R2=66.72%

    Independent Coef Standard T


    variable error
    Constant 55.8 11.8
    x1 1.79 0.44
    x2 -0.021 0.011
    x3 -0.016 0.014
    a. Explain the meaning of coefficients of x1, x2, x3 and R2
    b. Is there enough evidence to infer that the model is significant in predicting length of life?
    c. Is there enough evidence to infer that the average number of hours of exercise per week and the
    age at death are linearly related?
    d. Predict the age at death for a person with x1=12, x2=5.6, x3=20.

    Question 5 (1 point)
    A recent survey examined the first-year salaries of 178 MBA graduates. The kurtosis for this data set was
    calculated to be 3.56, with a skewness of 0.29. Is there sufficient evidence to reject the null hypothesis
    that first-year salaries for MBA graduates are normally distributed?

    Note: All hard-copy documents can be used. Use α=5% for all the tests.

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