STATISTICS MODELING AND FINANCE TEST
PAPER QUESTIONS AND SOLUTIONS
VERIFIED ANSWERS
●● An opinion can be all of the following EXCEPT
Answer: a guarantee
●● The gold and blue keys on an HP 12c are ________ keys.
Answer: shift
●● How much is (145.78 + 216.82) X (590.50 - 188.25) ÷ 46.12?
Answer: 3,162.53
●● "The process of drawing conclusions about population characteristics
through analysis of sample data" defines ___________ statistics.
Answer: inferential
●● How much is (459.31 + 125.75) X (329.2 - 245.85) ÷ 23.4?
Answer: 2,083.96
●● "Quantitative techniques used to identify and measure adjustments to
the sale prices of comparable properties; a variant of statistical analysis
,in which an appraiser interprets graphically displayed data visually or
through curve fit analysis" is the definition of _____________ analysis.
Answer: graphic
●● "A chart or visual representation of data relying on references to two
axes, which may be either numerical or categorical in scale" is the
definition of
Answer: graph
●● True or False: Fractiles are intervals that total 100% of the
distribution.
Answer: True
●● The symbol for a variant is
Answer: X
●● Here is a table showing 10 GRMs. GRMs 98.5 93.6 112.8 122.0
104.2 91.7 98.8 114.2 117.9 123.5 What is the mean GRM?
Answer: 107.7
●● Here is a table showing 18 rents. Monthly rents $975 $850 $1025
1100 1000 950 1000 925 1050 850 925 950 975 1000 1000 1025 1050
1100 What is the median rent?
Answer: $1,000.00
, ●● "The listing of a set of observations, such as sales ratios, in a specific
order, e.g., alphabetical, alpha-numeric, chronological, order of
magnitude" is the definition of
Answer: array
●● Which is MOST similar to a common average?
Answer: mean
●● "The central point, or representative value, around which items
cluster in a frequency distribution" is the definition of
Answer: central tendency
●● "In statistics, a population or entire body of data" is the definition of
Answer: universe
●● Here are 16 numbers. 43 56 38 61.5 46 59 35 67.5 50 52 41 44 63 49
53 46 What is the standard deviation?
Answer: 9.33
●● The difference between an observation and the measure of central
tendency for that array, without regard as to the sign of the difference, is
the
Answer: absolute deviation
PAPER QUESTIONS AND SOLUTIONS
VERIFIED ANSWERS
●● An opinion can be all of the following EXCEPT
Answer: a guarantee
●● The gold and blue keys on an HP 12c are ________ keys.
Answer: shift
●● How much is (145.78 + 216.82) X (590.50 - 188.25) ÷ 46.12?
Answer: 3,162.53
●● "The process of drawing conclusions about population characteristics
through analysis of sample data" defines ___________ statistics.
Answer: inferential
●● How much is (459.31 + 125.75) X (329.2 - 245.85) ÷ 23.4?
Answer: 2,083.96
●● "Quantitative techniques used to identify and measure adjustments to
the sale prices of comparable properties; a variant of statistical analysis
,in which an appraiser interprets graphically displayed data visually or
through curve fit analysis" is the definition of _____________ analysis.
Answer: graphic
●● "A chart or visual representation of data relying on references to two
axes, which may be either numerical or categorical in scale" is the
definition of
Answer: graph
●● True or False: Fractiles are intervals that total 100% of the
distribution.
Answer: True
●● The symbol for a variant is
Answer: X
●● Here is a table showing 10 GRMs. GRMs 98.5 93.6 112.8 122.0
104.2 91.7 98.8 114.2 117.9 123.5 What is the mean GRM?
Answer: 107.7
●● Here is a table showing 18 rents. Monthly rents $975 $850 $1025
1100 1000 950 1000 925 1050 850 925 950 975 1000 1000 1025 1050
1100 What is the median rent?
Answer: $1,000.00
, ●● "The listing of a set of observations, such as sales ratios, in a specific
order, e.g., alphabetical, alpha-numeric, chronological, order of
magnitude" is the definition of
Answer: array
●● Which is MOST similar to a common average?
Answer: mean
●● "The central point, or representative value, around which items
cluster in a frequency distribution" is the definition of
Answer: central tendency
●● "In statistics, a population or entire body of data" is the definition of
Answer: universe
●● Here are 16 numbers. 43 56 38 61.5 46 59 35 67.5 50 52 41 44 63 49
53 46 What is the standard deviation?
Answer: 9.33
●● The difference between an observation and the measure of central
tendency for that array, without regard as to the sign of the difference, is
the
Answer: absolute deviation
