UVU MGMT 2340 EXAM 3 | COMPREHENSIVE PRACTICE QUESTIONS AND ANSWERS | STUDY GUIDE 2026

UVU MGMT 2340 EXAM 3 | COMPREHENSIVE PRACTICE QUESTIONS AND
ANSWERS | STUDY GUIDE 2026


All of the following are examples of cross-sectional data EXCEPT:

1:Last year's starting salary for 100 recent business graduates at Penn State University.

2:Quarterly sales for a computer company for the last five years.

3:Last months unemployment rate for various cities in Ohio.

4:The hours worked last week by 50 employees in a factory. - correct answer ✔✔Quarterly sales
for a computer company for the last five years.



The term _______ ________ relates to the way data tend to cluster around some middle or
central value. - correct answer ✔✔Central Location



True or false: The mean is the most widely used measure of central location for quantitative
data. - correct answer ✔✔True



This is the symbol for the population size.

σ2

x

n

μ

σ

N - correct answer ✔✔N



This is the symbol for the population variance. - correct answer ✔✔σ2



This is the symbol for the sample mean. - correct answer ✔✔x

, This is the symbol for the sample size. - correct answer ✔✔n



This is the symbol for the population mean. - correct answer ✔✔μ



This is the symbol for the population standard deviation. - correct answer ✔✔σ



The formula for the sample mean is - correct answer ✔✔Sum of the sample measurements
divided by the number of measurements



The arithmetic mean is usually NOT a good measure of central location if a(n) ______ exists. -
correct answer ✔✔Outlier



Which of the following is not a measure of central location?

Weighted Mean

Mode

Variance

Median

Mean - correct answer ✔✔Variance



What is the most widely-used measure of central location?

Mode

Variance

Mode

Mean - correct answer ✔✔Mean