This quiz works best with JavaScript enabled. Home > Finance > Economics > Agricultural Economics > Agricultural Statistics And Economics > Agricultural Statistics And Economics – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Statistics And Economics Quiz 8 (29 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The 75th percentile is also know as the A) 1st quartile'. B) Third quartile. C) Interquartile range. D) Median. Show Answer Correct Answer: B) Third quartile. 2. A radio talk show host is interested in the proportion p of adults in his listening area who think that the drinking age should be lowered to 18. To find this proportion, he poses the following question to his listeners: "Do you think that the drinking age should be reduced to 18? " He asks listeners to phone in and vote "yes" or "no" depending upon their opinions. Of 200 people who phone in, 140 answer "yes." The standard error of the sample proportion of "yes" votes among those who phone in is A) .108. B) .21. C) .00105. D) .032. Show Answer Correct Answer: D) .032. 3. In order to test the effect of music on productivity, a group of assembly line workers are given music players to play whatever music they choose while working for one month. For another month, they work without music. The order of the two treatments for each worker is determined randomly. This is ..... A) A survey expirament. B) A randomized expirament. C) A matched pairs expirament. D) A factorial expirament. Show Answer Correct Answer: C) A matched pairs expirament. 4. ..... are those which are already in existence and which might be collected for some purpose other than the answering of the question in hand. A) Primary data. B) Secondary data. C) Direct data. D) Basic data. Show Answer Correct Answer: B) Secondary data. 5. Find the critical value tc necessary to form a 95% confidence interval with a sample size of 15. A) 1.960. B) 2.145. C) 2.120. D) 2.131. Show Answer Correct Answer: B) 2.145. 6. 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. 7. 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. 8. 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) Believable proof. B) Convincing evidence. C) Justifiable inference. D) Reliable information. Show Answer Correct Answer: B) Convincing evidence. 9. ..... is a statistical method used to determine whether a relationship between variables exists. A) Coefficient of Determination. B) Bivariate Statistics. C) Least Squares Regression Line. D) Correlation. Show Answer Correct Answer: D) Correlation. 10. 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) 0.675. B) 0.4391. C) 0.1587. D) 1.368. Show Answer Correct Answer: C) 0.1587. 11. The Process of converting raw material into goods is called A) Investment. B) Production. C) Exchange. D) Saving. Show Answer Correct Answer: B) Production. 12. 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) .1753. C) .9440. D) .0358. Show Answer Correct Answer: A) .1119. 13. Which subject area it belongs? How can you save money from your weekly allowance? A) Medicine. B) Agriculture. C) Finance. D) Science. Show Answer Correct Answer: C) Finance. 14. If the line of best fit is y =-x + 8, what is the predicted y if x = 12? A) -4. B) 4. C) 20. D) 12. Show Answer Correct Answer: A) -4. 15. 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. 16. 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. 17. 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) 277.25 inches. B) 0.67 inch. C) 272.44 inches. D) 263 inches. Show Answer Correct Answer: C) 272.44 inches. 18. 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) Do not reject H0 (z = 3). C) Reject H0 (z = 2.56). D) Reject H0 (z = 2.56). Show Answer Correct Answer: A) Do not reject H0 (z = 3). 19. 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. 20. How sample method is differ from census method on the basis of cost? A) It is less expensive. B) Census is less time consuming. C) It is suitable when universe comprises of homogeneous nature. D) Sample method enssures the correctness of the data. Show Answer Correct Answer: A) It is less expensive. 21. It is a systematic way to arrange data in rows or horizontal and column or vertical for easy referencing A) Table. B) Line. C) Graph. D) Pictures. Show Answer Correct Answer: A) Table. 22. Division of the national income into wages, profits rents, and interest is called as- A) Distribution. B) Exchange. C) Investment. D) Consumption. Show Answer Correct Answer: A) Distribution. 23. 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. 24. ..... 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. 25. 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. 26. Is a characteristics that is being studied is called ..... A) Quantitative variables. B) Qualitative variables. C) Discrete variable. D) Continuous variable. E) Variable. Show Answer Correct Answer: E) Variable. 27. Construct a 98% confidence interval for the population mean, $\mu$. Assume the population has a normal distribution. A study of 14 car owners showed that their average repair bill was $ 192 with a standard deviation of $ 8. A) ($ 188.38, $ 195.62). B) ($ 185.03, $ 198.97). C) ($ 186.33, $ 197.67). D) ($ 187.52, $ 196.48). Show Answer Correct Answer: C) ($ 186.33, $ 197.67). 28. A researcher studying reaction time of drivers states that, "A 95% confidence interval for the mean time it takes for a driver to apply the brakes after seeing the brake lights on a vehicle in front of him is 1.2 to 1.8 seconds. What are the point estimate and margin of error for this interval? A) Point estimate = 1.5 seconds; margin of error = 0.6 seconds. B) Point estimate = 1.2 seconds; margin of error = 0.6 seconds. C) Point estimate = 1.2 seconds; margin of error = 0.3 seconds. D) Point estimate = 1.5 seconds; margin of error = 0.3 seconds. Show Answer Correct Answer: D) Point estimate = 1.5 seconds; margin of error = 0.3 seconds. 29. Each student at a school has a student identification number. Counselors have a computer generate 50 random identification numbers, and the students associated with those numbers are asked to take a survey.What type of sample is this? A) Simple random sampling. B) Systematic random sampling. C) Cluster random sampling. D) None of the above. Show Answer Correct Answer: A) Simple random sampling. ← PreviousRelated 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 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books