This quiz works best with JavaScript enabled. Home > Economics > Agricultural Economics > Agricultural Statistics And Economics > Agricultural Statistics And Economics – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Statistics And Economics Quiz 12 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What happens to your confidence as your interval gets smaller? A) It increases. B) It remains the same. C) It decreases. D) None of above. Show Answer Correct Answer: C) It decreases. 2. If p-value < $ \alpha$, we ..... the null and have convincing evidence that the alternative is true, and the results are ..... A) Fail to reject, statistically significant. B) Reject, statistically significant. C) Fail to reject, not statistically significant. D) Reject, not statistically significant. Show Answer Correct Answer: B) Reject, statistically significant. 3. Small p-values mean that our sample was very unlikely if the null hypothesis is true. Therefore, small p-values are ..... that the null hypothesis is wrong. A) Convincing evidence. B) Believable proof. C) Reliable information. D) Justifiable inference. Show Answer Correct Answer: A) Convincing evidence. 4. ..... is a statistical method used to determine whether a relationship between variables exists. A) Coefficient of Determination. B) Correlation. C) Bivariate Statistics. D) Least Squares Regression Line. Show Answer Correct Answer: B) Correlation. 5. A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at random is travelling at more than 100 km/hr? A) 0.4391. B) 1.368. C) 0.675. D) 0.1587. Show Answer Correct Answer: D) 0.1587. 6. The Process of converting raw material into goods is called A) Production. B) Saving. C) Investment. D) Exchange. Show Answer Correct Answer: A) Production. 7. What is the P-value if I have a test statistic of t = 1.632, sample size of 35, and I am doing a two-sided test? A) .1119. B) .9440. C) .0358. D) .1753. Show Answer Correct Answer: A) .1119. 8. Which subject area it belongs? How can you save money from your weekly allowance? A) Science. B) Agriculture. C) Finance. D) Medicine. Show Answer Correct Answer: C) Finance. 9. If the line of best fit is y =-x + 8, what is the predicted y if x = 12? A) -4. B) 4. C) 12. D) 20. Show Answer Correct Answer: A) -4. 10. The standard error of estimate is the square root of the unexplained variation. A) True. B) False. C) The answer to this question is beyond the parameters of my intellectual understanding. D) I need to study more. Show Answer Correct Answer: B) False. 11. Some questions be asked from respondents on trial basis, if their answers involve some difficulty these can be reframed accordingly .Such testing is called A) Cluster Survey. B) Census Survey. C) First hand survey. D) Pilot survey. Show Answer Correct Answer: D) Pilot survey. 12. The distances male long jumpers for State College jump are approximately normal with a mean of 263 inches and a standard deviation of 14 inches. Suppose a male long jumper's jump ranked in the 75th percentile. How long was his jump? A) 0.67 inch. B) 263 inches. C) 272.44 inches. D) 277.25 inches. Show Answer Correct Answer: C) 272.44 inches. 13. An Air Force vase mess hall has received a shipment of 10, 000 gallon size cams of cherries. The supplier claims that the average amount of liquid is 0.25 gallons per can. A government inspector took a random sample of 100 cans and found that the average liquid content to be 0.28 gallons per can with a standard deviation of 0.10. Does this indicate that the supplier's claim is too low? (Use a 5% level of significance) A) Do not reject H0 (z = 3). B) Reject H0 (z = 2.56). C) Do not reject H0 (z = 3). D) Reject H0 (z = 2.56). Show Answer Correct Answer: A) Do not reject H0 (z = 3). 14. Which of the following are true statements? I. Correlation requires that there are clearly-identified explanatory and response variables.II. Scatterplots require that both variables be quantitative.III. Every least-squares regression line passes through (x ....., y ..... ). A) I and II only. B) I and III only. C) II and III only. D) I, II, and III. E) None of the above. Show Answer Correct Answer: C) II and III only. 15. How sample method is differ from census method on the basis of cost? A) Sample method enssures the correctness of the data. B) Census is less time consuming. C) It is less expensive. D) It is suitable when universe comprises of homogeneous nature. Show Answer Correct Answer: C) It is less expensive. 16. It is a systematic way to arrange data in rows or horizontal and column or vertical for easy referencing A) Graph. B) Line. C) Pictures. D) Table. Show Answer Correct Answer: D) Table. 17. Division of the national income into wages, profits rents, and interest is called as- A) Distribution. B) Consumption. C) Investment. D) Exchange. Show Answer Correct Answer: A) Distribution. 18. The factors of production are- A) Manager, labour, raw material and land. B) Machinery, factory, electricity and labour. C) Entrepreneur, land, labour and capital. D) Money, labour, entrepreneur and raw material. Show Answer Correct Answer: C) Entrepreneur, land, labour and capital. 19. ..... is the root of all economic problems A) Scarcity. B) Population. C) High demand. D) None of the above. Show Answer Correct Answer: A) Scarcity. 20. Suppose that the Department of Agriculture wishes to investigate the use of pesticides by farmers in California. A sample could be taken by identifying the different counties in California, and a random sample of these counties then be chosen. This would be a A) Simple random sample. B) Multi-stage sample. C) Cluster sample. D) Stratified random sample. Show Answer Correct Answer: C) Cluster sample. ← PreviousNext →Related QuizzesAgricultural Economics QuizzesEconomics QuizzesAgricultural Statistics And Economics Quiz 1Agricultural Statistics And Economics Quiz 2Agricultural Statistics And Economics Quiz 3Agricultural Statistics And Economics Quiz 4Agricultural Statistics And Economics Quiz 5Agricultural Statistics And Economics Quiz 6Agricultural Statistics And Economics Quiz 7Agricultural Statistics And Economics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books