John Molson School of Business Supply Chain and Business Technology Management GDBA 530 BB: Business Data Analytics Winter 2018 First Class Test Name (PRINT): K (Last, First) Student LD.; DIRECTIONS: The exam is divided into 2 parts: PART A) “Multiple Choice”, and PART B) “Problems to be solved”. For Part A, indicate the most appropriate answer. For Part B, work problems in the space provided and please show all work and the formulas used. You may use your book, notes and a calculator. GOOD LUCK! Question Maximum Your Grade PartA 30 PartB 39 Total: 69MBA 608 BB FIRST CLASS EXAM F2016 PARTA Part'"A" Directions: Please insert the best answer in the space Provided. For each of the "Multiple Choice" questions please insert the letter representing the best answer ( in capital block letters) in the space provided to the tight of each question ("Multiple Choice" questions count 2 points each). MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The Biltmore Hotel manager is geting ready to make a presentation that she hopes will justify 1) _\©2 adding additional staff. As part of the presentation, she has constructed charts and graphs. The general type of statistical analysis she is using is: A) inferential statistics. B) descriptive statistics. ©) hypothesis testing D) estimation. D 2) The Dalton Company has recently made a decision to build a new plant in Montreal. In making 2) _/-\ this decision it used data supplied by Statisties Canada. For the Dalton Company, these data are examples of: A) secondary data. B) reliable data. ©) primary data. D) experimental data, 3) The Polson Pole and Fence Company recently did a quality check on the length of fence posts. To 3) do this, each of the 400 posts in inventory was numbered. Numbers from 1 to 400 were placed in a bowl. Tiventy numbers were selected from the bowl without looking, These 20 poles were the ‘ones selected for the study. This type of sampling is called: A) nonstatistical B) cluster sampling. ©) convenience sampling. 1D) simple random sampling, E) stratified random sample 4) The human resources department at a major high tech company plans to conduct an employee 4) _( satisfaction study by sampling 100 employees from the 3,000 total employees. They plan to use systematic random sampling since the employee file isin alphabetic order. The first employee selected in the study should be: A) the 30th employee. B) employce 1 to 100 randomly selected. ©) employee 1 to 30 randomly selected. ) the first employee. E) none of the other answers are correct 5) When a survey uses the responses strongly disagree, disagree, neutral, agree, strongly agree, this is an example of A)interval data, B) nominal data ordinal data. D) ratio data, B) continuous dataez 16) One of the advantages that a stem and leaf diagram has over a histogram is: ob A) it shows the general distribution ofa quantitative variable B) the detail of the data is preserved C)it can be used with nominal data ) These are no advantages 7) Which of the following measures is not affected by extreme values in the data? A) The mean, B) The range ©) The standard deviation D) The median E) They are all affected by extreme values 8) A distribution has a coefficient of variation of 65 percent and mean of 74. What is the value of 8) A the standard deviation? A) 48.1 B) 065 oynss b) 4810 E) none of the other answers are correct 9) Which of the followint is NOT a characteristic of a binomial experiment? yee fae A) The probability of success will vary from tril to trial B) Each trial must be independent of every other tral ©) The experiment conasists of n trials 1D) The outcome of the experiment can result in only one of two possible values E) When the probability of success equals 05, the binomial distribution will be symmetrical A 10) Which ofthe following shoule be considered to be an example of a diserete variable wo) A AA) The number of unemployed persons on a daily basis in Canada B) The length of steel rods produced by a production process ©) The heights of students at Concordia University D) The actual weights of one-kilo boxes of candy E) None of the other answers could be considered a discrete variuable 11) Which of the following measurmengs (X's) randomly selected from a population could be considered a rare (extreme) event forom any population distribution A) X=4, where the mean = (and the variance = , where the mean = ~3 and the variance ‘where the mean = 1 and the variance D) X=7, where the mean = 3 and the variance = 4 16 E) X= 10, where the mean = 0 and the variance = 25 Le 12) Ifevent A and event B cannot occur atthe same time, then events A and B are said to be wf A) mutually exclusive. B) independent. C) collectively exhaustive. 1D) None of the other answers are correcrt13) Which of the following statements is incorrect? 3) _f£ 4 AA) The mean of the probability distribution is equal to the square root of the variance. B) The expected value of a discrete probability distribution is the long-run average value assuming the experiment will be repeated many times. ©) The standard deviation of a discrete probability distribution measures the average deviation of the random variable from the mean. D) The distribution is considered uniform if all the probabilities are equal. 14) Given P(A) = 0.25, P(B) = 0.40, P(A and B) = 0.10 A) A and B are independent B) A and Bare Mutually Exclusive ©) Aand Bare not independent D) Can not make a decision about mutually exclusive or independent status of the variables without more information. 15) 15) _f x POO 0 0.25) 1 0.50 2 0.25) ‘The sale manager of Montreal Motors compiled the above discrete probability distibution. In this distribution "X” represents the number of cars sold per day at the dealership. Which of the following statements is true? A) This distribution is symmetric B) This distribution is skewed to the right ©) This distribution is skewed to the left. D) Thisis a normal distibution E) We do not have enough information to make any statement about the shape of this probability distributionPARTB Work problems in the space provided and please show all work and the formulas used. You may use your book, notes and a calculator. 1 A) Draw a box plot for a data set where Q2 = 50; 75% of the values exceed 42; the range is 61; the minimum value is 30; and the interquartile ¢ range is 24. (4’points) 44B) Describe the shape of the data. (2 points) C) Ifa random item is selected from the above data set, and the value is found to be 105. Would this value be considered an extreme value or outlier....show why or why not. (2points) leg f ret + hs(e4) = bit 36 = (01 y ( Q 7 bo eee : ure 1S = 42> 36 =2) The output of a firm that produces small, inexpensive electronic parts iin three production plants in Montreal, Toronto, and Vancouver and are classified in the following table: Status | Montreal | Toronto | Vancouver Mw | om | Ww Defective (D)| _.020 032 041 O73, _ Good (G) 400 328 179 409 A)(3 points) Find P(G and V) ao B)(3 points) Find P(G|M) 46C) G points) Find P(V or G) D)(3 points) Find the probability that a randomly selected part was found to be defective, given that it is made in Vancouver P( Oe \~ a ,ere 47E) (3 points) What is P(M and T)? “POM gue F) (3 points) Are G and M independent? Yes or No, and show proof of your answer \ ~~ 2y/ ra y= Gore M) , 2 _ + doo Ner MWD, Net lod3) A person must score in the upper 2% of the population on an 1Q test to qualify for membership in Mensa, the international high-IQ society. If1Q scores are normally distributed with a mean of 100 and standard deviation of 15, A) (3 points) What score must a person have to qualify for a Mensa? B) (3 points) If 5 people are randomly selected and take the above 1Q test, what is the probability exactly 2 of the 5 qualify for Mensa? 494) The following table provides the probability distribution for the random variable “X": = 410B) (3 points) Compute the Variance of “X” PO) XA EW XrEW A-FLN]’ Py) 3 3- ~3 0G Oe ” ie oO é eG § tag C) (1 point) Compute the standard deviation of “X" ee lee, N V aul