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SCM Final Exam 2026 – 125 Verified MCQs on Probability, Hypothesis Testing, Regression, Sampling, Distributions

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This document presents 125 fully verified multiple-choice questions and answers, curated for the 2026 final exam in Supply Chain and Business Statistics. It is an A+ graded, expert-reviewed resource focused on essential quantitative methods used in SCM, Business Analytics, and Decision Sciences. The questions cover the full range of topics expected in advanced undergraduate or MBA-level statistics and data interpretation exams, with real-world examples and precise formulas. Key topics include: Descriptive statistics: mean, median, mode, range, interquartile range, box plots Probability distributions: binomial, normal, and discrete distributions; expected value and variance Sampling methods: systematic, cluster, stratified, judgment, and convenience sampling Confidence intervals and standard error: population vs sample calculations, margin of error, z- and t-distributions Hypothesis testing: p-values, Type I and II errors, one-tailed vs. two-tailed tests, test statistics Regression analysis: linear regression, correlation, coefficient of determination (R²), slope interpretation ANOVA and t-tests: paired, independent samples, degrees of freedom Time series and forecasting: components of trend, seasonal variation, smoothing Z-scores and Central Limit Theorem: application in sampling distribution Excel-based statistical analysis: using Data Analysis Toolpak and interpreting outputs All questions are clearly labeled with correct answers (

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Uploaded on
January 18, 2026
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SCM Final Questions 2026 Exam
Questions and Answers | A+ Score
Assured



the number of stocks a person traded over the past four days was recorded

as 3, 6, 0, 3. Compute the sample standard deviation for this data set

a) 4.5

b) 6

c) sq root 4.5


d) sq root 6 - 🧠ANSWER ✔✔d) sq root 6


find the variation of X for the following probability distribution

(its a column)

,x column: 5, 10, 15

P(X): .30, .40, .30




a) 7.07

b) 3.87

c) 15.00


d) 50.00 - 🧠ANSWER ✔✔c) 15.00


if a fast food restaurant decides to try a new menu item in Atlanta, Miami

and Los Angeles, the non-random sampling method used would be




a) convenience

b) systematic

c) judgement


d) self-selected - 🧠ANSWER ✔✔c) judgement


skewed right (positive) indicates

a) that there are more values on the right than on the left

,b) nothing about the shape of a distribution

c) that a distribution is symmetric


d) that there are more values on the left than the right - 🧠ANSWER ✔✔d)

that there are more values on the left than the right

if you have a histogram, how many variables do you have

a) 2

b) 1

c) 3


d) 0 - 🧠ANSWER ✔✔b) 1


the following table is given for the number of homes sold per day by a

realtor (columns)

Number Sold (X): 0, 1, 2

P(X): .4, .4, .2




is a random variable depicted in the above table?

a) No, because X is not a variable AND the probabilities are not equal



COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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, b) Yes, a random variable is depicted in the above table

c) No, because the probabilities are not equal


d) No, because X is not a variable - 🧠ANSWER ✔✔b) Yes, a random

variable is depicted in the above table

Generally speaking, which of the following values can be found or

computed from a box plot?

a) standard deviation

b) interquartile range, standard deviation, AND mean can be found or

computed from a box plot

c) mean


d) interquartile range - 🧠ANSWER ✔✔d) interquartile range


In the population of four previous days, the number of daily complaints filed

against a product were 4, 12, 12, 12. The mean absolute deviation of this

population is equal to:

a) sq root 3

b) 4

c) 3

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