This quiz works best with JavaScript enabled. Home > Economics > Agricultural Economics > Agricultural Statistics And Economics > Agricultural Statistics And Economics – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Statistics And Economics Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If random samples are selected from a population, what happens to the margin of error is the sample size is increased from 50 to 200? A) It decreases. B) It increases. C) It remains the same. D) There is no way to know without more information. Show Answer Correct Answer: A) It decreases. 2. Identify whether the information described is a parameter or statistic. 3. There are 250 genetically modified fruit-bearing plants in the agricultural farm. After two weeks of observation, it was found that 75 plant samples have an average fruit size of 7.5 inches in length. A) Parameter. B) Statistic. C) Cannot be determined. D) Needs more information. Show Answer Correct Answer: B) Statistic. 3. A left-tailed test with n = 41 has a test statistic t = 2.72. Which is the correct p-value? A) 0.0033. B) .00486. C) .0096. D) Not enough information. Show Answer Correct Answer: B) .00486. 4. Find the t* value for a 99% confidence interval with a sample of 23 people. A) 1.714. B) 1.711. C) 2.576. D) 2.818. Show Answer Correct Answer: D) 2.818. 5. Units of information, often numeric, recorded and used for the purpose of analysis. A) Statistics. B) Data. C) Vertices. D) None of these. Show Answer Correct Answer: B) Data. 6. Which of the following is an economic activity? A) Production. B) Consumption. C) Distribution. D) All of these. Show Answer Correct Answer: D) All of these. 7. If I tell you that you scored at the 55th percentile on your last exam, you would know: A) 55% of the class scored as good or worse than I did. B) I earned a 55% on the exam. C) I failed the exam. D) 45% of the class scored worse than I did. Show Answer Correct Answer: A) 55% of the class scored as good or worse than I did. 8. Michael is trying to gather data for his study. He goes to a fast food restaurant during the lunch hour and asks people who walk into the restaurant if they would be willing to fill out a questionnaire. Which of the following methods of sampling is Michael using? A) Convenience Sampling. B) Judgement Sampling. C) Quota Sampling. D) Probability Sampling. Show Answer Correct Answer: A) Convenience Sampling. 9. Mr. Marino has compiled a list of 1, 348 students in his high school. He has selected a sample of 42 students by choosing every 14 th student on this list.Which type of sampling is he using? A) Simple random sampling. B) Stratified random sampling. C) Cluster sampling. D) Systematic random sampling. Show Answer Correct Answer: D) Systematic random sampling. 10. Choose the correct sequence of steps followed in a statistical enquiry- A) Collection of data organisation of data presentation of data analysis of data interpretation of data. B) Organisation of data presentation of Data Collection of data interpretation of data analysis of data. C) Collection of data analysis of data presentation of data organisation of data interpretation of data. D) Collection of data analysis of data organisation of data presentation of data interpretation of data. Show Answer Correct Answer: A) Collection of data organisation of data presentation of data analysis of data interpretation of data. 11. What is the degrees of freedom equal to? A) N. B) N+1. C) 1-n. D) N-1. Show Answer Correct Answer: D) N-1. 12. Which of the following values below represents the critical value for a 98% confidence interval? A) 2.326. B) 2.054. C) 1.645. D) 3.091. Show Answer Correct Answer: A) 2.326. 13. Data for children between the ages of 18 and 30 months show that there is an approximately linear relationship between height and age. The relationship can be represented by y = 63.81 + 0.39x, where y represents height in cm and x represents age in months.Joseph is 22.5 months old. What is his predicted height? A) 74.38. B) 83.46. C) 72.59. D) 95.67. Show Answer Correct Answer: C) 72.59. 14. The z-score represents ..... A) The amount of standard deviations a data value is above or below the mean. B) The percentile the data value is above or below the mean. C) The amount of standard deviations a data value is above or below the median. D) The percent the data value is above or below the mean. Show Answer Correct Answer: A) The amount of standard deviations a data value is above or below the mean. 15. Which of the following is the critical value for an 80% confidence interval? A) 1.282. B) 1.036. C) 1.960. D) 0.841. Show Answer Correct Answer: A) 1.282. 16. How small is a small p-value? All year we have defined small as any probability that is less than ..... A) 1%. B) 2.5%. C) 5%. D) 10%. Show Answer Correct Answer: C) 5%. 17. In a simple random sample of 100 cars of a certain popular model in 2010, it was found that 20 had a certain minor defect in the brakes. For an independent SRS of 400 cars of the same model in 2011, it was found that 50 had the same defect. Let p1 and p2 be the proportions of all cars of this model in 2010 and 2011, respectively, that have the defect. We wish to test if the proportion of cars with the defect has decreased from 2010 to 2011. Which of the following is closest to the P-value for this test? A) 0.0268. B) 0.0418. C) 0.0536. D) 0.9732. Show Answer Correct Answer: A) 0.0268. 18. Which is the term that means a line that comes closest to all of the points in a scatter plot? A) Positive Correlation. B) Negative Correlation. C) No Correlation. D) Line of best fit. Show Answer Correct Answer: D) Line of best fit. 19. In a simple random sample of 100 cars of a certain popular model in 2010, it was found that 20 had a certain minor defect in the brakes. For an independent SRS of 400 cars of the same model in 2011, it was found that 50 had the same defect. Let p1 and p2 be the proportions of all cars of this model in 2010 and 2011, respectively, that have the defect. We wish to test H0:p1-p2 = 0 against HA:p1-p2 > 0 . Which of the following is closest to the P-value for this test? A) 0.0418. B) 0.0536. C) 0.0268. D) None of above. Show Answer Correct Answer: C) 0.0268. 20. When you employ somebody giving them a wage then you are an- A) Employer. B) Employee. C) Service provider. D) Service holder. Show Answer Correct Answer: A) Employer. ← 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 7Agricultural Statistics And Economics Quiz 8Agricultural Statistics And Economics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books