1. Quantitative data is the value of data in numeric form where each has a unique numerical value associated with it. Which of the following is suits its denition? A] The ZIP code of your home address B] Google's closing stock price today C] Your gender D] Your Social Security number E] All of the above 2. Qualitative data is the data that approximates and characterizes. Which of the following is suits its definition? A] Today's high temperature B] The class average of last test C] The amount of time you spent for your homework D] Your last name E] All of the above 3. The Republic of Manbuktu conducted presidential poll survey recently, the sample consists of 500 respondents, 350, or 70%, are voting for Kundi Mahn. Based on the given data, an article from a newspaper reported, "70% of all respondents want Kundi Mahn as the next president." This is an example of? A] Population B] A sample C] Descriptive Statistics D] Statistical Difference E] Statistical Inference 4. The task of estimating population parameters or testing hypotheses regarding such parameters takes up a signicant portion of A] Descriptive statistics B] Population statistics C] lnferential statistics, D] Business statistics E] Probable statistics 5. The average and standard deviation ofthe stock price for a particular asset are 58.50 and 8.2 5, respectively. Use the normal distribution to calculate the 95th percentile of this stock price. a] 1.645 b] 1.645 c] 44.93 d] 72.07 e] 70.27 6. The union of events A and B, denoted byA U B, a] contains all outcomes that are in A or B b] contains all outcomes of an experiment c] contains no outcomes that are in A and B d] consists only of outcomes that are in A and B e) None of the above 7. A reputable integrated marketing director instructs his team to make 80 telephone calls to attempt to sell an insurance policy. The random variable in 'diis experiment is the number of sales made. This random variable is a A. a] Discrete random variable b] Continuous random variable c] Complex random variable d] Attribute random variable e] None of the answers is correct. 8. The time required to fix a company cable issue on the customer's site is uniformly distributed between 40 and 65 minutes. Calculates the probability of randomly selected cable repairs within 2 standard deviations of the mean. a] 0.75 b) 1,00 c] 0.58 d) 0.86 e] 0.28 9. HA and B are mutually exclusive events with P(A] = .3 and P[B] = 5, then P[A '16? B] a] (l b] 0.15 c) 0.8 d) 0.2 e] None of the choices 10. The probability ofa faulty light bulb on a given production line is 4%. Five light bulbs are randomly selected. Assume that X is a binomial random variable; how likely will at least two light bulbs will be defective? a] 0.0119 b) 0.0109 c) 0.9889 d) 00.9994 e] 0.9898