Archives: Quiz

Chapter 13 Risk Analysis MULTIPLE CHOICE 1. A frequency definition of probability is: a. a weighted average of different peoples’ degrees of certainty of an event’s occurring b. a theoretical probability distribution c. a person’s degree of certainty of an […]

Chapter 12 Auctions MULTIPLE CHOICE 1. As far as we know, auctions first emerged: a. as e-commerce exploded in recent years b. when capitalism became a popular form of economic organization c. after the emergence of communism, since black markets […]

Chapter 11 Game Theory MULTIPLE CHOICE 1. A player in a game theoretic model is: a. anyone working for a firm that is operating strategically b. a decision-making entity at a firm involved in a strategic game c. a firm […]

Chapter 10 Oligopoly MULTIPLE CHOICE 1. If duopolists engage in price competition, the result is: a. always zero profits b. always zero profits unless the firms produce differentiated products c. always zero profits unless the two goods are perfect substitutes […]

Chapter 9 Bundling and Intrafirm Pricing MULTIPLE CHOICE 1. Products should be regarded as a bundle when they are: a. produced in variable proportions b. consumed in variable proportions c. produced in fixed proportions d. consumed in fixed proportions e. […]

Chapter 8 Managerial Use of Price Discrimination MULTIPLE CHOICE 1. When a monopolist requires a customer to pay an initial fee for the right to buy a product as well as a usage fee for each unit of the product […]

Chapter 7 Monopoly and Monopolistic Competition MULTIPLE CHOICE 1. At the profit-maximizing level of output for the monopolist: a. total revenue is equal to total cost b. total costs are minimized c. total revenue is maximized d. marginal revenue is […]

Chapter 6 Perfect Competition MULTIPLE CHOICE 1. In the model of perfect competition, firms produce a: a. standardized product with considerable control over price b. differentiated product with considerable control over price c. standardized product with no control over price […]

Chapter 5 The Analysis of Costs MULTIPLE CHOICE 1. The opportunity cost of a firm’s inputs: a. depends on who supplies them to the firm b. includes implicit costs but does not include explicit costs c. includes explicit costs but […]

Chapter 4 Production Theory MULTIPLE CHOICE 1. A production function is a table, a graph, or an equation showing the: a. least-cost method of producing output b. optimal combination of inputs c. maximum output that can be achieved from specified […]

Chapter 3 Consumer Behavior and Rational Choice MULTIPLE CHOICE 1. Points along an indifference curve represent bundles of goods that: a. cost the same amount to buy b. consumers don’t like very much c. decline in marginal utility d. deliver […]

c. –2.00 d. –0.20 e. –0.50 37. Marginal revenue can be defined as the: a. percent increase in total revenue resulting from a one percent increase in output b. increase in total revenue resulting from a one unit increase in […]

Chapter 2 Demand Theory MULTIPLE CHOICE 1. Information on the quantities that would be purchased at different prices, holding all other factors constant, in a given time period from a group of firms is shown in a: a. firm demand […]

Chapter 1 Introduction MULTIPLE CHOICE 1. Managerial economics uses ____________ to help managers solve problems. a. formal models b. prescribed behavior c. quantitative methods d. microeconomic theory e. all of the above 2. Managerial economics draws upon all of the […]

1 Practice Exam for Residential Mortgage Lending Principles and Practices, 6e 1. The history of mortgage lending can be dated as far back to a. The Greeks b. England c. California gold Rush d. French Middle Ages 2- In American, […]

Ch.11 NonparametricTests 11.1 TheSignTest 1 PerformaSignTest MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 1) Aconveniencestoreownerbelievesthatthemediannumberoflotteryticketssoldperdayis49.Arandom sampleof20daysyieldsthedatabelow.Findthecriticalvaluetotesttheownerʹsclaim. Useα=0.05. 32 48 59 64 31 55 70 27 33 38 47 54 54 44 44 49 49 59 54 38 A) 4 B) 2 C) 3 D) 5 […]

Ch.10 Chi–SquareTestsandtheF–Distribution 10.1 Goodness–o f –FitTest 1 FindExpectedFrequencies SHORTANSWER.Writethewordorphrasethatbestcompleteseachstatementoranswersthequestion. Provideanappropriateresponse. 1) Thefrequencydistributionshowstheagesforasampleof100employees.Findtheexpectedfrequenciesfor eachclasstodetermineiftheemployeeagesarenormallydistributed. Classboundaries Frequency,f 29.5–39.5 14 39.5–49.5 29 49.5–59.5 31 59.5–69.5 18 69.5–79.5 8 2 PerformaChi–SquareGoodness–of–FitTest MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 2) Manytrackrunnersbelievethattheyhaveabetterchanceofwinningiftheystartintheinsidelanethatis closesttothefield.Forthedatabelow,thelaneclosesttothefieldisLane1,thenextlaneisLane2,andsoon untiltheoutermostlane,Lane6.Thedataliststhenumberofwinsfortrackrunnersinthedifferentstarting positions.Calculatethechi–squareteststatisticχ2totesttheclaimthatthenumberofwinsisuniformly distributedacrossthedifferentstartingpositions.Theresultsarebasedon240wins. StartingPosition 123456 NumberofWins 36 45 […]

Ch.9 CorrelationandRegression 9.1 Correlation 1 InterpretScatterPlotsandCorrelations MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 1) Giventhelengthofahumanʹsfemur,x,andthelengthofahumanʹshumerus,y,wouldyouexpectapositive correlation,anegativecorrelation,ornocorrelation? A) positivecorrelation B) negativecorrelation C) nocorrelation 2) Giventhesupplyofacommodity,x,andthepriceofacommodity,y,wouldyouexpectapositivecorrelation, anegativecorrelation,ornocorrelation? A) negativecorrelation B) positivecorrelation C) nocorrelation 3) Giventhesizeofahumanʹsbrain,x,andtheirscoreonanIQtest,y,wouldyouexpectapositivecorrelation,a negativecorrelation,ornocorrelation? A) nocorrelation B) positivecorrelation C) negativecorrelation 2 IdentifytheExplanatoryandResponseVariables SHORTANSWER.Writethewordorphrasethatbestcompleteseachstatementoranswersthequestion. Identifytheexplanatoryvariableandtheresponsevariable. 4) […]

Ch.8 HypothesisTestingwithTwoSamples 8.1 TestingtheDifferenceBetweenMeans(LargeIndependentSamples) 1 DeterminetheDifferenceBetweenDependentandIndependentSamples MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 1) Classifythetwogivensamplesasindependentordependent. Sample1:Pre–trainingweightsof19people Sample2:Post–trainingweightsof19people A) dependent B) independent 2) Classifythetwogivensamplesasindependentordependent. Sample1:Theweightsinpoundsof26newbornfemales Sample2:Theweightsinpoundsof26newbornmales A) independent B) dependent 3) Classifythetwogivensamplesasindependentordependent. Sample1:Thescoresof10studentswhotooktheACT Sample2:Thescoresof10differentstudentswhotooktheSAT A) independent B) dependent 4) Aspartofamarketingexperiment,adepartmentstoreregularlymaileddiscountcouponsto25ofitscredit cardholders.Theirtotalcreditcardpurchasesoverthenextthreemonthswerecomparedtotheirpriorcredit cardpurchasesduringthepreviousthreemonths.Determinewhetherthesamplesaredependentor independent. A) dependent B) […]

Ch.7 HypothesisTestingwithOneSample 7.1 IntroductiontoHypothesisTestin g 1 StateaNullandAlternativeHypothesis SHORTANSWER.Writethewordorphrasethatbestcompleteseachstatementoranswersthequestion. Provideanappropriateresponse. 1) ThemeanageofbusdriversinChicagois48.5 years.Writethenullandalternativehypotheses. 2) ThemeanIQofstatisticsteachersisgreaterthan110.Writethenullandalternativehypotheses. 3) ThemeanscoreforallNBAgamesduringaparticularseasonwaslessthan101 pointspergame.Writethenull andalternativehypotheses. 4) Acandidateforgovernorofaparticularstateclaimstobefavoredbyatleasthalfofthevoters.Writethenull andalternativehypotheses. 5) ThedeanofamajoruniversityclaimsthatthemeantimeforstudentstoearnaMasterʹsdegreeisatmost4.9 years.Writethenullandalternativehypotheses. 6) Thebuyerofalocalhikingclubstorerecommendsagainstbuyingthenewdigitalaltimetersbecausetheyvary morethantheoldaltimeters,whichhadastandarddeviationofoneyard.Writethenullandalternative hypotheses. 7) ThemeanageofbusdriversinChicagois53.7 years.Statethisclaimmathematically.Writethenulland alternativehypotheses.Identifywhichhypothesisistheclaim. 8) ThemeanIQofstatisticsteachersisgreaterthan120.Statethisclaimmathematically.Writethenulland alternativehypotheses.Identifywhichhypothesisistheclaim. 9) ThemeanscoreforallNBAgamesduringaparticularseasonwaslessthan101 pointspergame.Statethis claimmathematically.Writethenullandalternativehypotheses.Identifywhichhypothesisistheclaim. 10) […]

Ch.6 ConfidenceIntervals 6.1 ConfidenceIntervalsfortheMean(LargeSamples) 1 FindaCriticalValue MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 1) Findthecriticalvaluezcthatcorrespondstoa95%confidencelevel. A) ±1.96 B) ±2.575 C) ±2.33 D) ±1.645 2 FindtheMarginofError MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 2) Determinethesamplingerrorifthegradepointaveragesfor10randomlyselectedstudentsfromaclassof125 studentshasameanofx=1.8.Assumethegradepointaverageofthe125studentshasameanof μ=2.4. A) 0.6 B) 2.1 C) –0.6 D) 1.5 3) Arandomsampleof120studentshasatestscoreaveragewithastandarddeviationof9.2.Findthemarginof errorifc=0.98. A) 1.96 B) […]

Ch.3 Probability 3.1 BasicConceptsofProbabilityandCounting 1 FindProbabilities MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Provideanappropriateresponse. 1) Acoinistossed.Findtheprobabilitythattheresultisheads. A) 0.5 B) 0.1 C) 0.9 D) 1 2) Asinglesix–sideddieisrolled.Findtheprobabilityofrollinganumberlessthan3. A) 0.333 B) 0.1 C) 0.5 D) 0.25 3) Asinglesix–sideddieisrolled.Findtheprobabilityofrollingaseven. A) 0 B) 0.1 C) 0.5 D) 1 4) Astudyof1000randomlyselectedflightsofamajorairlineshowedthat798 […]

Ch.2 DescriptiveStatistics 2.1 FrequencyDistributionsandTheirGraphs 1 InterpretaFrequencyDistribution MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Usethegivenfrequencydistributiontofindthe (a)classwidth. (b)classmidpointsofthefirstclass. (c)classboundariesofthefirstclass. 1) Height(ininches) Class Frequency,f 50–52 5 53–55 8 56–58 12 59–61 13 62–64 11 A) (a)3 (b)51 (c)49.5–52.5 B) (a)2 (b)51.5 (c)49.5–52.5 C) (a)3 (b)51 (c)50–52 D) (a)2 (b)51.5 […]

Ch.1 IntroductiontoStatistics 1.1 AnOverviewofStatistics 1 DistinguishBetweenaPopulationandaSample SHORTANSWER.Writethewordorphrasethatbestcompleteseachstatementoranswersthequestion. Identifythepopulationandthesample. 1) Asurveyof1378Americanhouseholdsfoundthat27%ofthehouseholdsownacomputer. 2) When1094Americanhouseholdsweresurveyed,itwasfoundthat67%ofthemownedtwocars. 3) Asurveyof2625elementaryschoolchildrenfoundthat28%ofthechildrencouldbeclassifiedasobese. 2 DistinguishBetweenaParameterandaStatistic SHORTANSWER.Writethewordorphrasethatbestcompleteseachstatementoranswersthequestion. Determinewhetherthenumericalvalueisaparameterorastatistic.Explainyourreasoning. 4) Arecentsurveybythealumniofamajoruniversityindicatedthattheaveragesalaryof10,500ofits175,000 graduateswas$95,000. 5) Theaveragesalaryofallassembly–lineemployeesatacertaincarmanufactureris$41,000.. 6) Asurveyof1162studentswastakenfromauniversitywith10,000 students. 3 DistinguishBetweenDescriptiveStatisticsandInferentialStatistics MULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion. Identifywhetherthestatementdescribesinferentialstatisticsordescriptivestatistics. 7) Theaverageageofthestudentsinastatisticsclassis19 years. A) descriptivestatistics B) inferentialstatistics 8) ThechancesofwinningtheCaliforniaLotteryareonechanceintwenty–twomillion. A) […]

Copyright © 2014 Pearson Education, Inc. Campbell Biology, 10e (Reece) Chapter 55 Ecosystems and Restoration Ecology 1) If the sun were to suddenly stop providing energy to Earth, most ecosystems would vanish. Which of the following ecosystems would likely survive […]

Copyright © 2014 Pearson Education, Inc. Campbell Biology, 10e (Reece) Chapter 54 Community Ecology 1) Some birds follow moving swarms of army ants in the tropics. As the ants march along the forest floor hunting insects and small vertebrates, birds […]

Campbell Biology, 10e (Reece) Chapter 53 Population Ecology 1) In the figure above, which of the following survivorship curves implies that an animal may lay many eggs, of which a regular number die each year on a logarithmic scale? A) […]

Campbell Biology, 10e (Reece) Chapter 51 Animal Behavior 1) What type of signal is long-lasting and works at night? A) olfactory B) visual C) auditory D) electrical Answer: A Bloom’s Taxonomy: Application/Analysis Section: 51.1 2) What type of signal is […]

Campbell Biology, 10e (Reece) Chapter 50 Sensory and Motor Mechanisms 1) When the mammalian brain compares the actual temperature of the body to the preferred temperature of the body, which general component is being used? A) sensor B) effector C) […]

Campbell Biology, 10e (Reece) Chapter 49 Nervous Systems 1) An organism that lacks integration centers _____. A) cannot receive stimuli B) will not have a nervous system C) will not be able to interpret stimuli D) can be expected to […]

Campbell Biology, 10e (Reece) Chapter 48 Neurons, Synapses, and Signaling 1) A simple nervous system _____. A) must include chemical senses, mechanoreception, and vision B) includes a minimum of twelve effector neurons C) has information flow in only one direction: […]

Campbell Biology, 10e (Reece) Chapter 47 Animal Development 1) Even in the absence of sperm, metabolic activity in an egg can be artificially activated by _____. A) abnormally high levels of carbonic acid in the cytosol B) abnormally low levels […]

Campbell Biology, 10e (Reece) Chapter 46 Animal Reproduction 1) Regeneration, the regrowth of lost body parts, normally follows _____. A) all types of asexual reproduction B) fission C) fragmentation D) parthenogenesis Answer: C Bloom’s Taxonomy: Knowledge/Comprehension Section: 46.1 2) Asexual […]

Campbell Biology, 10e (Reece) Chapter 45 Hormones and the Endocrine System 1) You are dissecting a fish in your biology laboratory section. Your teaching assistant points out a long oval structure and tells you it is an endocrine gland. Which […]

Campbell Biology, 10e (Reece) Chapter 44 Osmoregulation and Excretion 1) The force driving simple diffusion is _____, while the energy source for active transport is _____. A) the concentration gradient; ADP B) the concentration gradient; ATP C) transmembrane pumps; electron […]

26) Structures given a LEED platinum ranking are ________. A) inefficient and need to be renovated B) especially high in heavy metal content C) exemplary in sustainable design D) constructed to function without electricity E) free of lead-containing materials Answer: […]

Campbell Biology, 10e (Reece) Chapter 43 The Immune System 1) Innate immunity _____. A) is activated immediately upon infection B) depends on an infected animal’s previous exposure to the same pathogen C) is based on recognition of antigens that are […]

Environment: Science Behind the Stories, 2e Cdn. Ed. (Withgott) Chapter 23 Strategies for Sustainability 23.1 Graph and Figure Interpretation Questions Figure 23.1 Use Figure 23.1 to answer the following questions. Scientists with the Millennium Ecosystem Assessment analyzed sustainably managed ecosystems. […]

Campbell Biology, 10e (Reece) Chapter 42 Circulation and Gas Exchange 1) The circulatory systems of bony fishes, rays, and sharks are most similar to _____. A) those of birds, with a four-chambered heart B) the portal systems of mammals, where […]

22) Juanita and Sam attend a beach party and notice that much more trash has washed up on the beach than what used to wash up when they were young. The water doesn’t appear nearly as clear, and there seems […]

1 Campbell Biology, 10e (Reece) Chapter 41 Animal Nutrition 1) The following table shows the contents of a multivitamin supplement and its percentage of recommended daily values (%DV). Dietary Supplement % DV Vitamin A 70 Vitamin C 100 Vitamin D […]

Environment: Science Behind the Stories, 2e Cdn. Ed. (Withgott) Chapter 22 Environmental Policy: Decision Making and Problem Solving 22.1 Graph and Figure Interpretation Questions Figure 22.1 Use Figure 22.1 to answer the following questions. 1) Refer to Figure 22.1. According […]

Campbell Biology, 10e (Reece) Chapter 40 Basic Principles of Animal Form and Function 1) Penguins, seals, and tuna have body forms that permit rapid swimming, because _____. A) all share a recent common ancestor B) all of their bodies have […]

23) The GPI ________. A) for Canada has increased dramatically since 1950 B) adds to GDP unpaid work, such as parenting C) subtracts from GDP unpaid work, such as parenting D) is positively correlated with increases in fossil fuel use […]

1 Campbell Biology, 10e (Reece) Chapter 39 Plant Responses to Internal and External Signals 1) The detector of light during de-etiolation (greening) of a tomato plant is (are) _____. A) carotenoids B) xanthophylls C) phytochrome D) auxin 2) Plant hormones […]

Environment: Science Behind the Stories, 2e Cdn. Ed. (Withgott) Chapter 21 Environmental Ethics and Economics: Values and Choices 21.1 Graph and Figure Interpretation Questions Figure 21.1 Use Figure 21.1 to answer the following questions. 1) Refer to Figure 21.1 (a). […]

Campbell Biology, 10e (Reece) Chapter 38 Angiosperm Reproduction and Biotechnology 1) Which of the following is the correct order of floral organs from the outside to the inside of a complete flower? A) petals → sepals → stamens → carpels […]

24) People who live entirely within an urban environment ________. A) have too many luxury goods at too expensive a price B) are never provided enough quality housing, even for those who can afford it C) become disconnected from nature […]

Campbell Biology, 10e (Reece) Chapter 37 Soil and Plant Nutrition 1) What soil composition would be best for availability of nutrients, water, and root development? A) equal amounts of sand, clay, and humus B) higher proportion of humus, lower amounts […]

Environment: Science Behind the Stories, 2e Cdn. Ed. (Withgott) Chapter 20 The Urban Environment: Creating Livable Cities 20.1 Graph and Figure Interpretation Questions Figure 20.1 Use Figure 20.1 to answer the following questions. 1) Refer to Figure 20.1. According to […]