11/20/23, 4:36 PM Questionmark Perception

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Introduction
Quantitative Methods for Business

IB9BA0

2023-2024

Mock Test

10 questions, 60 minutes

Question

1 of 10
It is known that 40% of retail outlets in a certain area stock your product. An intensive marketing campaign is carried out, after which a survey of 80 outlets shows 41
stocking the product. Does this indicate a change significant at the 1% level? Test the null-hypothesis of no change. What is the value of the t-statistic (the “t” value)?
Round your answer to one decimal place.

Answer:

Question

2 of 10
Given the data below, test the null hypothesis that the averages are equal for all groups, using an Anova and a significance level of 0.05. What is the F-ratio? Round
your answer to 1 decimal place.

Group 1 Group 2 Group 3 Group 4

3 3 5 7

1 4 7 5

Answer:

Question

3 of 10
A box contains 3 yellow pencils and 7 green pencils. Two pencils are chosen at random from the box without replacement. What is the probability they are different
colours? Round your answer to 2 decimal places.

Answer:

Question

4 of 10

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11/20/23, 4:36 PM Questionmark Perception
The following data shows the number of different type of students with different backgrounds who have received three different grades in their statistics course.

Test the null-hypothesis that there is no association between the student background and grade using a Chi-square test. What is the test statistic (the uncorrected
chi-square sum, not the Yates corrected chi-square)? Round your answer to the nearest integer.

Answer:

Question

5 of 10
The annual salaries of employees in a large company are approximately normally distributed with a mean of £50,000 and a standard deviation of £20,000. What is
the proportion of people earning between £45,000 and £65,000? Round your answer to two decimal places.

Answer:

Question

6 of 10
The following table shows profitability (x) and investments (y) for five firms.

Firm x y

1 6 5

2 2 3

3 5 4

4 3 1

5 7 3

Assuming the regression line is Y = a + bX, what is the value of b? Round your answer to 1 decimal place.

Answer:

Question

7 of 10

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11/20/23, 4:36 PM Questionmark Perception
The following data shows the sales for firms using two different quality management systems (intuitive and statistical) and two different incentive systems (fixed and
variable).

Using a two factor Anova, what is the F-ratio for the interaction effect? Round your answer to the nearest integer.

Answer:

Question

8 of 10
100 students were randomly selected for a national survey. Among survey participants, the mean grade-point average (GPA) was 3.5 and the standard deviation was
1.5. What is the margin of error, assuming an approximate 99% confidence level (critical value = 3)? Round your answer to two decimal places.

Answer:

Question

9 of 10
It is believed that the more carry-on baggage passengers have, the longer it takes the airplane to unload and load passengers. A regional airline considers a new
policy of allowing only one carry-on baggage per passenger. Before doing so, the airline collected a sample of 900 passengers, out of whom, 360 had more than one
bag. Develop a 95% confidence interval for the proportion of the travelling population that would have been impacted had the one-bag limit been in effect. What is the
value of the lower limit of the confidence interval? Round your answer to two decimal places.
Answer:

Question

10 of 10
The following data shows the yearly growth rate for three firms. Based on this data, test the null hypothesis that the average growth rate is equal for all firms, using an
Anova and a significance level of 0.05.

Firm 1 Firm 2 Firm 3

1 4 6

3 3 3

3 5 4

What is the F-ratio? Round your answer to 1 decimal place.

Answer:

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