QMB 3200 | 80+ Verified Exam Questions on Data Types, Probability, Distributions, Inference | Florida International University

This document is a fully verified exam preparation set for QMB 3200 – Quantitative Methods in Business at Florida International University, academic year 2025/2026. It contains over 80 multiple-choice questions with correct answers, designed to prepare students for both midterm and final exams. Topics include the fundamentals of data types (nominal, ordinal, interval, ratio), descriptive vs. inferential statistics, sampling methods, and key probability principles including classical, empirical, and subjective probability. Further sections focus on discrete and continuous random variables, binomial and Poisson distributions, z-scores, and the normal distribution. Questions also address important concepts such as standard deviation, standard error, the Central Limit Theorem, and the interpretation of probability curves. The document also tests student understanding of practical applications, such as using statistics in advertising, surveys, and business scenarios. The content is presented in a concise question-and-answer format to support rapid review and efficient learning for test-taking success. Ideal for students in: – Business Administration – Finance and Accounting – Economics – Marketing and Analytics – Research Methods – Statistics and Data Science Keywords: QMB 3200, data types, probability rules, inferential statistics, descriptive statistics, binomial distribution, Poisson distribution, z-score, normal distribution, standard deviation, continuous data, discrete data, sampling methods, Central Limit Theorem, exponential distribution, uniform distribution, Florida International University