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1. Which set of numbers has the largest variance? a) 7, 8, 9, 10 b) -4, -2, -1, 0 c) -1, 3, 4, 7 d)
1. Which set of numbers has the largest variance?
a) | 7, 8, 9, 10 |
b) | -4, -2, -1, 0 |
c) | -1, 3, 4, 7 |
d) | -1, 0, 2, 4 |
2. Why do financiers need hypothesis testing?
a) | Data sets do not cover every instance of an event or measurement. |
b) | Stock and bond pricing data is difficult to obtain and impossible to predict. |
c) | So they can predict within a degree of certainty where stock prices will go in the future. |
d) | The normal distribution does not give them enough information to make sound decisions. |
3. What method would you use to gather a data set on voter preferences?
a) | Distributing |
b) | Hypothesizing |
c) | Engineering |
d) | Sampling |
4. The null hypothesis represents ________.
a) | the old idea that you wish to disprove |
b) | no idea at all, a placeholder |
c) | the new idea that you wish to prove |
d) | a third idea that is completely neutral |
5. The alternative hypothesis represents ________.
a) | a third idea that is completely neutral |
b) | the old idea that you wish to disprove |
c) | no idea at all, a placeholder |
d) | the new idea that you wish to prove |
6. The result of any hypothesis test is ________.
a) | we accept or fail to accept the null hypothesis |
b) | we reject or fail to reject the alternative hypothesis |
c) | we reject or fail to reject the null hypothesis |
d) | we accept or fail to accept the alternative hypothesis |
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