MASTAT DEPARTMENTAL MIDTERM EXAM Part 1: True or False. Write your answer on the space provided. L_1. Variance is variation. 1_2. The range of discrete probabi distributions isthe set of real numbers. —£_ 3.An example of ratio measurement is Fahrenheit temperature. 4. Nominal and ordinal data are called qualitative data because they are derived from imprecise measurements. —E__5. The making of a conjecture about the characteristics of a population based on a sample is called descriptive statistics. —1_6.Agiven set of observations has a mean ¥and variance s?. If 3 is subtracted from each observation in the data set, then the new data set will have a variance s—9. —£__7. The Poisson experiment and a binomial experiment are similar in the sense that both of them have a given number of trials. —L_.8. You randomly select three bonds out a possible ten for an investment portfolio. Unknown to you, eight of the ten will maintain their present value and the other two will lose value due to a change in their ratings. Let X be the number of three bonds you select that lose value. Then X is a binomial random variable. _-1_9. Axiomatic probability is @ function. —F_ 10. The empirical rule isa guideline that states the approximate percentage of values that are within a given number of standard deviations of the mean of a set of data for any probability distribution. Part 2: Multiple Choice. Encircle the correct answer and show your complete solutions in your yellow papers to get the complete credit except in the theory-based questions, 1. The probability of outcomes is constant throughout the experiment. This is an assumption of: 2. Hypergeometrie distribution {© inomial distribution 'b. Poisson distribution d. both binomial and Poisson distributions 2. Part ofthe box and-whiser plot donot includ 2. Hinge Powties b. Outer fence None of the above 3. Which of the following probabilities has a range that is not limited to the interval [0, 1]? 2. Union Probability ¢. Conditional probablity b. Joint Probability @None of the above 4, Which of the following is not a way of defining probability? a. Bayesian probability «, Subjective probability b. Historical probability (®None of the above 5. On the following scale, rate the espresso: Poor 1 2 3 4 5 6 7 Excellent A response to this ?-point attitude scale is: Ordinal data Ratio data b) Interval data d. Both a and b 6. Which of the following is NOT the same as the median of a data set? a. 2" quartile {c) 5" decile © miatractite (6) 50” percentile