QMB 3200 Final Exam Questions With 100% Correct Answers

QMB 3200 Final Exam Questions With 100% Correct Answers Excel's ______ function can be used to compute the sample standard deviation - answerSTDEV.S The mean of the sample is - answercomputed by summing all the data values and dividing the sum by the number of items symbol that represents the size of population - answerN The variance of a sample or population cannot be - answerNegative Symbol representing the size of sample - answern symbol representing standard deviation of a population - answerσ symbol representing variance of a population - answerσ 2 symbol representing mean of a population - answerμ symbol representing mean of a sample - answerx̄ The measure of central location most often reported for annual income and property value data is the - answermedian correlation coefficient ranges from? - answer-1 to +1 Excel's _____ function can be used to compute the sample variance. - answerVAR.S variance is equal to - answersquared value of the standard deviation Excel's _____ function can be used to compute the mean. - answerAVERAGE If the variance of a data set is correctly computed with the formula using n − 1 in the denominator, which of the following is true? a. The data set is a population. b. The data set is a sample. c. The data set could be either a sample or a population. d. The data set is from a census. - answerb. The data set is a sample. Standard error of the mean decreases - answeras sample size increases standard error of the mean value is influenced by the - answerstandard deviation of the population Standard error of the mean... - answermeasures the variability in the sample means the probability distribution of all possible values of the sample means called the - answersampling distribution of the sample mean The value of the sample statistic is used to