This quiz works best with JavaScript enabled. Home > Economics > Agricultural Economics > Agricultural Statistics And Economics > Agricultural Statistics And Economics – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Statistics And Economics Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The null hypothesis always contains a: A) < or >. B) =. C) >. D) = or >. Show Answer Correct Answer: B) =. 2. Statistics is applied in- A) Economics. B) Commerce and industry. C) Business management. D) All of these. Show Answer Correct Answer: D) All of these. 3. The 90% interval for a statistics test was given by 72 +-7. What is the lower value for the interval? A) 7. B) 72. C) 65. D) 79. Show Answer Correct Answer: C) 65. 4. An agricultural company wanted to know if a new insecticide would increase corn yields. Eight test plots showed an average increase of 3.125 bushels per acre. The standard deviation of the increases was 2.911 bushels per acre. Determine a 99% confidence interval for the mean increase in yield. A) (-0.476, 6.726). B) (-6.726, -4.399). C) (-0.476, 4.399). D) (1.851, 6.726). Show Answer Correct Answer: A) (-0.476, 6.726). 5. Identify whether the information described is a parameter or statistic. In a recent year, the interest category for 12% of all new magazines was sports. A) Parameter. B) Statistic. C) Cannot be determined. D) Needs more information. Show Answer Correct Answer: A) Parameter. 6. A business evaluates a proposed venture as follows. It stands to make a profit of $ 10, 000 with probability 3/20, to make a profit of $ 5000 with probability 9/20, to break even with probability 5/20, and to lose $ 5000 with probability 3/20. The expected profit in dollars is A) 0. B) -2050. C) 1500. D) 3000. Show Answer Correct Answer: D) 3000. 7. Scatterplots require that both variables be quantitative. A) True. B) False. C) I need to study more. D) None of above. Show Answer Correct Answer: A) True. 8. The correlation coefficient measures A) Whether there is a relationship between two variables. B) The strength of the relationship between two quantitative variables. C) Whether or not a scatterplot shows an interesting pattern. D) The strength of the linear relationship between two quantitative variables. Show Answer Correct Answer: D) The strength of the linear relationship between two quantitative variables. 9. Slab avalanches studied in Canada have an average thickness of $\mu$ = 67 cm. The ski patrol at Vail Colorado, is studying slab avalanches in their region. A random sample of 16 avalanches showed that x-bar = 61.8cm and s = 10.6 cm. Assuming the slab thickness is normally distributed, test the claim that the mean slab thickness is the Vail region is different from that in Canada with a level of significance of 1%. A) Do not reject H0 (z =-1.96). B) Reject H0 (z =-1.57). C) Do not reject H0 (z =-1.96). D) Reject H0 (z =-1.57). Show Answer Correct Answer: A) Do not reject H0 (z =-1.96). 10. Using the information below, identify which of the following is NOT an outlier:Q1 = 53Q2 = 55Q3=61 A) 73. B) 40. C) 80. D) 73.5. Show Answer Correct Answer: A) 73. 11. Correlation and regression requires an explanatory and response variable. A) True. B) False. C) I need to study more. D) None of above. Show Answer Correct Answer: B) False. 12. Part of the survey that gives the respondent the SURVEY TOPIC (or what the survey is all about) and what to do with the survey. A) Header. B) Profile of the respondents. C) Introduction. D) Greeting. Show Answer Correct Answer: C) Introduction. 13. At right is a cumulative relative frequency graph for the 48 racers who finished the grueling 50km cross-country ski race at the 2014 Sochi Olympics. Approximately what proportion of the racers finished the race in MORE than 2.15 hours? A) 1.34. B) 0.45. C) 0.238. D) 0.54. Show Answer Correct Answer: B) 0.45. 14. If a number is added to a set that is far away from the mean, how does this affect standard deviation? A) Increase. B) Decrease. C) Stay the same. D) Both increase and decrease. Show Answer Correct Answer: A) Increase. 15. In a survey of 2480 golfers, 15% said they were left-handed. The survey's margin of error was 3%. Construct a confidence interval for the proportion of left-handed golfers. A) (0.18, 0.21). B) (0.12, 0.18). C) (0.12, 0.15). D) (0.11, 0.19). Show Answer Correct Answer: B) (0.12, 0.18). 16. Which is NOT an example of categorical data? A) Gender. B) Hair color. C) Academic level. D) Amount of money one makes. Show Answer Correct Answer: D) Amount of money one makes. 17. For the set of data below, which statement is correct.55, 60, 76, 88, 92, 111, 120 A) Any value below 4 or above 162 is an outlier. B) Any value below-21.5 or above 196.5 is an outlier. C) Any value below-16.5 or above 187.5 is an outlier. D) None of above. Show Answer Correct Answer: C) Any value below-16.5 or above 187.5 is an outlier. 18. Which is the strongest correlation? A) 0.3. B) -0.81. C) 1.1. D) 0.77. E) -0.2. Show Answer Correct Answer: B) -0.81. 19. Complete the equation:point estimate +/ ..... A) Standard deviation. B) Margin of error. C) Critical value. D) Confidence level. Show Answer Correct Answer: B) Margin of error. 20. Select three students from a class to receive ice cream by putting all the students' names in a hat and picking out three names randomly. A) Simple random sampling. B) Stratified random sampling. C) Cluster sampling. D) Systematic sampling. Show Answer Correct Answer: A) Simple random sampling. ← PreviousNext →Related QuizzesAgricultural Economics QuizzesEconomics QuizzesAgricultural Statistics And Economics Quiz 1Agricultural Statistics And Economics Quiz 2Agricultural Statistics And Economics Quiz 4Agricultural Statistics And Economics Quiz 5Agricultural Statistics And Economics Quiz 6Agricultural Statistics And Economics Quiz 7Agricultural Statistics And Economics Quiz 8Agricultural Statistics And Economics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books