QMB 3200 Final Exam 2024 Questions & Answers 100% Correct!

Excel's ______ function can be used to compute the sample standard deviation - ANSWERSSTDEV.S The mean of the sample is - ANSWERScomputed by summing all the data values and dividing the sum by the number of items symbol that represents the size of population - ANSWERSN The variance of a sample or population cannot be - ANSWERSNegative Symbol representing the size of sample - ANSWERSn symbol representing standard deviation of a population - ANSWERSσ symbol representing variance of a population - ANSWERSσ 2 symbol representing mean of a population - ANSWERSμ symbol representing mean of a sample - ANSWERSx̄ The measure of central location most often reported for annual income and property value data is the - ANSWERSmedian correlation coefficient ranges from? - ANSWERS-1 to +1 Excel's _____ function can be used to compute the sample variance. - ANSWERSVAR.S variance is equal to - ANSWERSsquared value of the standard deviation Excel's _____ function can be used to compute the mean. - ANSWERSAVERAGE If the variance of a data set is correctly computed with the formula using n − 1 in the denominator, which of the following is true? a. The data set is a population. b. The data set is a sample. c. The data set could be either a sample or a population. d. The data set is from a census. - ANSWERSb. The data set is a sample.