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Bana 3363 Questions With Correct Answers..

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This document contains practice questions and answers covering key BANA 3363 business analytics and statistics topics, including confidence intervals, hypothesis testing, ANOVA, regression analysis, chi-square tests, and dependent samples. It includes formula-selection questions, degrees of freedom, parameter estimation, regression interpretation, and statistical hypothesis conclusions.

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In a completely randomized design for a nova the numerator and denominator
degrees of freedom or 4 and 25 respectively the total number of observation must
equal


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30




In a multiple regression analysis involving K independent variables and n data points
the number of degrees of freedom associated with the sum of squares for error is


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n-k-1

, In a test of contingency table rejecting the no hypothesis concludes the variables are
not independent


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True




A company claims that 10% of the users of a certain allergy drug experience
drowsiness In clinical studies of the drug 81 of the 900 subjects experienced
drowsiness. You want to calculate a 90% confidence interval for the proportion of all
users that would experience drowsiness.Assuming that the confidence interval is
(0.0743, 0.1057) how should this enjoy will be interpreted?


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We are 90% confident that between 7.43% and 10.57% of all users will
experience drowsiness




A random sample of 10 waitresses in Iowa City, Iowa, revealed the following hourly
earnings, included tips: 19, 18, 15, 16, 18, 17, 16, 18, 20, and 14. (Units are dollars) if the
hourly earnings are normally distributed with a population standard deviation of
$4.50. You want to calculate a 95% confidence interval for the mean hourly earnings
for all waitresses in Iowa City. What formula from the formula sheet will you use to
make the confidence interval calculation?


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Formula sheet row 1 right column

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