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BUAL 2650 Auburn Exam 1 Questions and Answers

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BUAL 2650 Auburn Exam 1 Questions and Answers

Institution
BUAL 2650
Course
BUAL 2650









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Institution
BUAL 2650
Course
BUAL 2650

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Uploaded on
December 8, 2025
Number of pages
5
Written in
2025/2026
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Exam (elaborations)
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BUAL 2650 Auburn Exam 1 Questions and Answers

1. sample propor- sample of the population, p-hat, that we use because we do not know the para-
tion meter of the whole population, p. p=p-hat most of the time but not always

2. standard devia- typical ditterence between p and p-hat. the proportion from sample, p-hat, is not
tion equal to p, typically the estimate p-hat will be ott by the sq.rt of pq/n,

3. confidence inter- assume symmetry, p-hat +/- 2*SD(p-hat) for 95% confidence interval, so 95/100
val will contain p.

4. conditions to randomization condition, 10% condition (no larger than 10% of the population),
check success/failure (nq >10, np>10)

5. confidence inter- 68%- (p-sq.rt.pq/n,p+sq.rt.pq/n)
vals for propor- 95%- (p-2sq.rt.pq/n,p+2sq.rt.pq/n)
tions 99.7%- (p-3sq.rt.pq/n,p+3sq.rt.pq/n)

6. z-score p-hat - p / SD(p-hat)
mu(0,1) standard normal distribution

7. positive z-score outlier > 3 is unusual

8. negative z-score outlier < -3 is unusual

9. null hypothesis we assume someone is innocent until proven guilty, retain the hypothesis until the
facts make it unlikely beyond a reasonable doubt, consider if the data is consistent
with the hypothesis

10. stat hypothesis the population perimeter is the initial hypothesis, p=x, collect data to challenge the
testing hypothesis and form p-hat, then decide if the data proves likely or unlikely

11. Ho null hypothesis, population parameter, hypothesized value

12. Ha alternative hypothesis, the parameter we deem plausible when we reject the null
hypothesis

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, BUAL 2650 Auburn Exam 1 Questions and Answers

13. Two-sided test population parameter does not equal hypothesized value

14. One-sided test population paramater > or < hypothesized value

15. Reject the null less than 0.05, small

16. Fail to reject the more than 0.05, large
null, accept the
null

17. conclusion statement about if we reject or fail to reject the null hypothesis

18. p-value probability of deviating in either direction from the hypothesized value

19. central limit theo- when we sample at random, the proportion (p-hat) we will get varying from sample
rem to sample because of point estimates

20. bell-shaped mod- normal distribution sample size gets larger and each sample average tends to
el become closer to the population mean and approach the normal model

21. CLT sampling dis- of any mean becomes normal as the sample size grows regardless of the shape of
tribution the population distribution

22. Mean Standard SD(y-bar)= st.dev population/sqrt(n)
Deviation

23. Standard Error when we estimate the standard deviation of the sampling distribution, mu is the
average at the center, standard deviation is the spread, SE(p-hat) sq.rt(p-hat q-hat
/n)

24. normal (y-bar - mu) / (S/sp.rt.n)
distribution/t-dis-
tribution

25.
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