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| Section | Objectives |
|---|---|
| Topic 1: Probability Theory | - Probability Distributions
|
| Topic 2: Regression and Modeling | - Linear Relationships
|
| Topic 3: Statistical Inference | - Estimation and Confidence Intervals
|
| Topic 4: Descriptive Statistics | - Two Variable Data Analysis
|
1. Probability of drawing red card from deck = ?
A) 1/4
B) 1/13
C) 1/6
D) 26/52 = 1/2
2. Rare event count per interval modeled by:
A) Binomial
B) Normal
C) Poisson
D) Uniform
3. A marketing analyst is studying the relationship between customer age groups, teens, adults, and seniors, and their preferred shopping methods, online and in-store.
Which numerical measure is most appropriate for this study?
A) Mean difference
B) Conditional percentages
C) Five-number summaries
D) Correlation coefficient
4. Probability of exactly 1 head in 2 coin flips = ?
A) 1
B) 1/4
C) 3/4
D) 1/2
5. Sum of probabilities in sample space = ?
A) 1
B) > 1
C) Cannot exceed 2
D) 0
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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