statistics-4 by keller.docVIP

CHAPTER 4 NUMERICAL DESCRIPTIVE TECHNIQUES SECTIONS 1 MULTIPLE CHOICE QUESTIONS In the following multiple-choice questions, please circle the correct answer. 1. Which measure of central location is appropriate whenever we wish to estimate the expected mean return, or growth rate, for a single year in the future? The arithmetic mean The geometric mean The median The mode ANSWER: a 2. Which of the following statistics is not a measure of central tendency? Mean Median Mode Interquartile range ANSWER: d 3. Which measure of central location is meaningful when the data are nominal? The arithmetic mean The geometric mean The median The mode ANSWER: d 4. Which measure of central location is appropriate whenever we wish to find the average growth rate, or rate of change, in a variable over time? The arithmetic mean The geometric mean The median The mode ANSWER: b 5. Which of the following statements about the arithmetic mean is not always correct? The sum of the deviations from the mean is zero Half of the observations are on either side of the mean The mean is a measure of the middle (center) of a distribution The value of the mean times the number of observations equals the sum of all observations ANSWER: b 6. Since the population is always larger than the sample, the population mean: is always larger than or equal to the sample mean is always smaller than or equal to the sample mean can be smaller than, or larger than, or equal to the sample mean None of the above ANSWER: c 7. Which of the following statements is true for the following data values: 7, 5, 6, 4, 7, 8, and 12? The mean, median and mode are all equal Only the mean and median are equal Only the mean and mode are equal Only the median and mode are equal ANSWER: a 8. In a histogram, the proportion of the total area which must be to the left of the median is: exactly 0.50 less than 0.50 if the distribution is skewed to the left more than 0.50 if the distribution is skew