100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.6 TrustPilot
logo-home
Exam (elaborations)

QM 520 Business Analytics - Quiz 2

Rating
-
Sold
-
Pages
13
Grade
A+
Uploaded on
28-06-2025
Written in
2024/2025

Provides questions and answers for Business Analytics Quiz 2

Institution
Course









Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Course

Document information

Uploaded on
June 28, 2025
Number of pages
13
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

1. QM 520 SP2025 V
2. Week Four: Confidence Interval Estimation
3. Quiz #2

Status Finished
Started Wednesday, April 23, 2025, 6:19 AM
Completed Wednesday, April 23, 2025, 7:35 AM
Duration 1 hour 15 mins
Grade 92.00 out of 100.00
Question 1
Correct
4.0 points out of 4.0

Flag question

Question text
Upon discovering an improperly adjusted drill press at end of the shift (the
setting gets checked at start and end of every shift), Jack Joyner, Director of
Quality Control, ordered a 100% inspection of all castings drilled on the evening
shift. Jack is ordering a __________.
Question 1Select one:
A.
sample of the castings
B.
sorting of the castings
C.
census of the castings
D.
statistic from the castings
Feedback
The correct answer is: census of the castings

Question 2
Correct
4.0 points out of 4.0

Flag question

Question text
5. The sampling error is the
Question 2Select one:
A.
same as standard error of the mean
B.
difference between the value of the sample mean and the value of the
population mean
C.

, error caused by selecting a bad sample
D.
standard deviation multiplied by sample size
E.
None of the above answers is correct
Feedback
The correct answer is: difference between the value of the sample mean and the
value of the population mean

Question 3
Correct
4.0 points out of 4.0

Flag question

Question text
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating
sales trend. Specifically, the number of customers is stable at 1,500, but they
are purchasing less each year. She orders her staff to search for causes of the
downward trend by selecting a focus group of 40 industrial customers. One
question asked the focus group customers to rate "Merchandise is delivered on
time" on a scale of 1 to 5, with 1 meaning "never" and 5 meaning "always". The
average response of the 40 customers to this question is a __________.
Question 3Select one:
A.
parameter
B.
population
C.
sample
D.
statistic
Feedback
The correct answer is: statistic

Question 4
Correct
4.0 points out of 4.0

Flag question

Question text
10. The absolute value of the difference between the point estimate and the
population parameter it estimates is the
Question 4Select one:
A.
standard error
B.
sampling error
$7.99
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Get to know the seller
Seller avatar
amanakadush

Get to know the seller

Seller avatar
amanakadush Walsh College
Follow You need to be logged in order to follow users or courses
Sold
0
Member since
7 months
Number of followers
0
Documents
8
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions