QNT 561 Final Exam Study Guide

QNT 561 Final Exam – Assignment
1. A random sample of size 15 is selected from a normal population. The
population standard deviation is unknown. Assume the null hypothesis
indicates a two-tailed test and the researcher decided to use the 0.10
significance level. For what values of t will the null hypothesis not be
rejected?
a) To the left of -1.645 or to the right of 1.645
b) To the left of -1.345 or to the right of 1.345
c) Between -1.761 and 1.761
d) To the left of -1.282 or to the right of 1.282

2. Which of the following is a characteristic of the F distribution?
a) Normally distributed
b) Negatively skewed
c) Equal to the t-distribution
d) Positively skewed
Complete Answers here QNT 561 Final Exam
3. For a chi-square test involving a contingency table, suppose the null
hypothesis is rejected. We conclude that the two variables are __________.
a) related
b) curvilinear
c) linear
d) not related
4. A sales manager for an advertising agency believes that there is a
relationship between the number of contacts that a salesperson makes and
the amount of sales dollars earned. What is the dependent variable?
a) sales managers
b) amount of sales dollars
c) salesperson
d) number of contacts
Download now QNT 561 Entire Course
5. Which of the following is most appropriately displayed with a frequency
table?
a) What percentage of people prefer Hunt's brand ketchup
b) The home location of the most valuable customers

c) How much explanatory value comes from the study's variables
d) The relationship between gender and job performance
6. The manager of Paul's fruit and vegetable store is considering the purchase
of a new seedless watermelon from a wholesale distributor. Since this
seedless watermelon costs $4, will sell for $7, and is highly perishable, he
only expects to sell between six and nine of them. What is the opportunity
loss for purchasing nine watermelons when the demand is for seven
watermelons?
a) 8
b) 4
c) 12
d) 0
Complete paper here UOP Final Exam Answers
7. A firm offers routine physical examinations as part of a health service
program for its employees. The exams showed that 8% of the employees
needed corrective shoes, 15% needed major dental work, and 3% needed
both corrective shoes and major dental work. What is the probability that
an employee selected at random will need either corrective shoes or major
dental work?
a) .25
b) 1.00
c) .50
d) .20
8. When data is collected using a qualitative, nominal variable, what is true
about a frequency distribution that summarizes the data?
a) The upper and lower class limits must be calculated.

) The number of classes is equal to the number of variables plus 2.
c) The “5 to the k rule” can be applied.
d) A pie chart can be used to summarize the data.
Click here to download Complete Answers of QNT 561 Final Exam -
Assignment
9. If an ANOVA test is conducted and the null hypothesis is rejected, what
does this indicate?
a) The p-value is less than a.
b) All population means are different.
c) At least one pair of population means is different.
d) The population means are equal.
10. A random sample of 20 items is selected from a population. When
computing a confidence interval for the population mean, what number of
degrees of freedom should be used to determine the appropriate t-value?
a) 25
b) 21
c) 19
d) 20
To download the complete answer check QNT 561 Complete Assignment
11. The question, "Should products be withdrawn if even one death is
associated with its prescribed use, even if no fault for the tampered product
accrues to the manufacturer?" is an example of a(n) _____.
a) strip data mining issue
b) unresearchable question

c) ill-defined problem
d) favored-technique problem
12. A large department store examined a sample of the 18 credit card sales and
recorded the amounts charged for each of three types of credit cards:
MasterCard, Visa, and Discover. Six MasterCard sales, seven Visa, and five
Discover sales were recorded. The store used an ANOVA to test if the mean
sales for each credit card were equal. What are the degrees of freedom for
the F statistic?
a) 2 in the numerator, 15 in the denominator
b) 6 in the numerator, 15 in the denominator
c) 18 in the numerator, 3 in the denominator
d) 3 in the numerator, 18 in the denominator
Want more details? Download now UOP Complete Course Tutorials
13. A linear trend equation is used to represent time series values when the data
are changing by equal what?
a) amounts
b) percents and proportions
c) proportions
d) percents
14. Which of the following goals should a good survey instrument accomplish?
a) Encourage each participant to provide accurate responses
b) Encourage participants to be succinct in their responses
c) Encourage participants to answer only those questions they are comfortable
answering

d) Encourage participants to end the survey when they feel they have
contributed enough information
Complete paper here QNT 561 Final Exam Answers
15. Kroger, a grocery store chain, wants to identify the ideal store layout for
increasing store sales. Because it primarily uses two store designs, one a grid
layout with vertical aisles divided by a center aisle and another using a
traditional straight-aisle pattern, Kroger will match pairs of stores that have
different designs but similar shopper demographics and location. Sales from
each pair will then be compared to determine if store design is related to
sales. Which type of study is this an example of?
a) Exploratory study
b) Case study
c) Ex post facto study
d) Longitudinal study
16. Bones Brothers & Associates prepare individual tax returns. Over prior
years, Bones Brothers has maintained careful records regarding the time to
prepare a return. The mean time to prepare a return is 90 minutes and the
standard deviation of this distribution is 14 minutes. Suppose 100 returns
from this year are selected and analyzed regarding the preparation time.
What assumption do you need to make about the shape of the population
distribution of all possible tax preparation times to make inferences about
the mean time to complete a tax form?
a) The population distribution is skewed to the left.
b) The population distribution is skewed to the right.
c) The shape of the population distribution does not matter.
d) The population distribution is normal.
Download Complete Answers QNT 561 Final Exam Test

17. Checklists with several items to be considered by respondents may be
subject to _____.
a) recency effects
b) leniency effects
c) halo effects
d) primacy effects
18. In a multiple rating list scale, ____.
a) participants rate multiple items on a 3-point scale
b) the participant is restricted to circling their rating
c) it is possible to visualize the results better than with other numerical scales
d) the data generated are always ordinal
Find the final exam answers here QNT 561 Complete Assignment
19. As the size of the sample increases, what happens to the shape of the
distribution of sample means?
a) It cannot be predicted in advance
b) It is positively skewed
c) It is negatively skewed
d) It approaches a normal distribution
20. For any chi-square goodness-of-fit test, the number of degrees of freedom is
found by ______.
a) n + k
b) k -1
c) n – k - 1

d) n + 1
Download now UOP Final Exam Answers
21. Bank Choice is concerned about stagnating profits and asks, "How can
profitability be improved?" This is an example of a(n) _____.
a) research question
b) measurement question
c) management question
d) investigative question
22. A machine is set to fill the small-size packages of M&M candies with 56
candies per bag. A sample revealed three bags of 56, two bags of 57, one bag
of 55, and two bags of 58. To test the hypothesis that the mean candies per
bag is 56, how many degrees of freedom are there?
a) 1
b) 7
c) 9
d) 8
Complete Answers here QNT 561 Final Questions and Answers
23. An experimental study is one that _____.
a) attempts to reveal why or how one variable produces changes in another
b) involves manipulation of one or more variables to determine the effect on
another variable
c) attempts to capture a population's characteristics by making inferences from
a sample's characteristics and testing resulting hypotheses
d) discovers answers to the questions who, what, when, where, or how much

24. The monthly salaries of a sample of 100 employees were rounded to the
nearest $10. They ranged from a low of $1,040 to a high of $1,720. If we want
to condense the data into seven classes, what is the most convenient class
interval?
a) $200
b) $50
c) $150
d) $100
Click here to download Complete Answers of QNT 561 Complete Class
25. Consider a regression analysis, where the correlation coefficient is 0.18.
Then, the coefficient of determination is _______.
a) .0324
b) .36
c) 1.16
d) .424
26. In multiple regression analysis, when the independent variables are highly
correlated, this situation is called __________________.
a) homoscedasticity
b) curvilinearity
c) multicollinearity
d) autocorrelation
Want help? Click to download UOP Final Exam Answers

27. Sam's Club installed self-checkout stations that can track not only
member's purchases but also packaging problems, as the system uses
universal product codes to match the item the shopper has in their cart with
its price and inventory level in the store, generating a spreadsheet style
report for the researcher. If you consider the scanner as the tool for
collecting data for Sam's researchers, they are doing data entry by ____.
a) spreadsheet
b) Optical Character Recognition
c) Field editing
d) Voice recognition
28. The weekly incomes of a large group of executives are normally distributed
with a mean of $2,000 and a standard deviation of $100. What is the z-score
for an income of $2,100?
a) 1.683
b) 0.90
c) 2.00
d) 1.00
Download now QNT 561 Final Exam Paper
29. A ranking scale is a scale that _____.
a) scores an object without making a direct comparison to another object
b) groups participants
c) groups concepts according to specific criteria
d) scores an object by making a comparison and determining order among two
or more objects

30. What is the interpretation of a 96% confidence level?
a) The interval contains 96% of all sample means.
b) Approximately 96 out of 100 such intervals would include the true value of
the population parameter.
c) There's a 96% chance that the given interval includes the true value of the
population parameter.
d) There's a 4% chance that the given interval does not include the true value of
the population parameter.
Download Complete Answers QNT 561 Entire Course
About Author:
This article covers the topic for the University Of Phoenix QNT 561 Final Exam -
Assignment. The author is working in the field of education from last 5 years. This
article covers the basic of QNT 561 Complete Course from UOP. Other topics in
the class are as follows:
QNT 561 Final Exam Assignment
Want to check other classes..?? Visit www.UopeHelp.com