Business 882 Quiz 1

subject Type Homework Help
subject Pages 4
subject Words 670
subject Authors Douglas Lind, Samuel Wathen, William Marchal

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A company's human resources department was interested in the average number of
years that a person works before retiring. The sample of size 11 follows:
Based on the values of the arithmetic mean, median, and mode, what is the most likely
shape of the distribution?
The number of observations in each class of a frequency distribution is called a
________________________.
There are 250 computer programmers employed at Computers.com, Inc. A sample of 50
programmers revealed that 30 graduated with a four-year college degree. Construct the
95 percent confidence interval for the proportion of all programmers who graduated
from a four-year university.
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Twenty-one executives in a large corporation were randomly selected to study the effect
of several factors on annual salary (expressed in $000s). The factors selected were age,
seniority, years of college, number of company divisions they had been exposed to, and
the level of their responsibility. The results of the regression analysis follow:
What proportion of the total variation in salary is accounted for by the set of
independent variables?
Affirmative action commitments by many organizations have led to an increase in the
number of women in executive positions. Satellite Office Systems has vacancies for
two executives that it will fill from among four women and six men.
What is the probability that exactly one woman is selected?
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What is the difference between a bar chart and a pie chart?
Over the last ten days, a manufacturer of cell phones counts the number of defective
phones created in each eight-hour shift. The results are shown next.
What is the average number of defective phones per eight-hour shift?
Suppose your annual 2001 salary was $40,000 and your 2006 salary was $52,000.
Assume the annual CPI rose from 177.1 to 202.9 during this period of time. What was
your real income in 2001?
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What is the purpose of quality control in production and service operations?

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