UCF QMB 3200 Final Exam Questions and
Correct Detailed Answers (Verified
Answers)
Doubling the size of the sample will
✓✓ reduce the standard error of the mean
The sample mean is the point estimator of
✓✓ U
A simple random sample of size n from an infinite population
of size N is to be selected. Each possible sample should have
✓✓ the same probability of being selected
Which of the following statements regarding the sampling
distribution of sample means is incorrect?
pg. 1
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✓✓ The standard deviation of the sampling distribution is the
standard deviation of the population.
A simple random sample of size n from an infinite population
is a sample selected such that
✓✓ each element is selected independently and is selected
from the same population
The fact that the sampling distribution of sample means can be
approximated by a normal probability distribution whenever
the sample size becomes large is based on the
✓✓ central limit theorem.
Cluster sampling is
pg. 2
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✓✓ a probability sampling method.
The central limit theorem states that
✓✓ if the sample size n is large, then the sampling distribution
of the sample mean can be approximated by a normal
distribution.
The value of the _____ is used to estimate the value of the
population parameter
✓✓ sample statistic
The sampling distribution of is the
✓✓ probability distribution of all possible values of the sample
proportion.
pg. 3
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Which of the following is not a symbol for a parameter?
✓✓ S.
The sample statistic characteristic s is the point estimator of
✓✓ σ..
The distribution of values taken by a statistic in all possible
samples of the same size from the same population is called a
✓✓ sampling distribution.
Which of the following is a point estimator?
✓✓ S.
pg. 4