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WebQuizzing Ch. 9
Book ISBN-10 0538477490
Book ISBN-13 9780538477499
Author: Gerald Keller
Title: Statistics for Management and Economics
Ed: 9e
# Questions Submitted: 20 Multiple Choice
Chapter 9
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Analysis:
A. Correct. It is defined as an estimator whose expected value is equal to the parameter.
B. Incorrect. It is defined as an estimator whose expected value is equal to the parameter.
C. Incorrect. It is defined as an estimator whose expected value is equal to the parameter.
D. Incorrect. It is defined as an estimator whose expected value is equal to the parameter.
ANSWER: A Ref: Section 9.1
4. An
A.
B.
C.
Analysis:
A. Incorrect. An estimator is said to be consistent if the difference between the estimator and the
population parameter grows smaller as the sample size grows larger.
B. Incorrect. An estimator is said to be consistent if the difference between the estimator and the
population parameter grows smaller as the sample size grows larger.
C. Incorrect. An estimator is said to be consistent if the difference between the estimator and the
population parameter grows smaller as the sample size grows larger.
D. Correct. An estimator is said to be consistent if the difference between the estimator and the
population parameter grows smaller as the sample size grows larger.
ANSWER: D Ref: Section 9.1
5. If there are two unbiased estimators of a population parameter available, the one that has the
smallest variance is said to be:
A. a biased estimator.
B. relatively efficient.
C. consistent.
D. relatively unbiased.
Analysis:
A. Incorrect. The one that has the smallest variance is said to be relatively efficient.
B. Correct. The one that has the smallest variance is said to be relatively efficient.
C. Incorrect. The one that has the smallest variance is said to be relatively efficient.
D. Incorrect. The one that has the smallest variance is said to be relatively efficient.
ANSWER: B Ref: Section 9.1
6. Which of the following statements is correct?
A. The sample mean is an unbiased estimator of the population proportion.
B. The sample proportion is an unbiased estimator of the population proportion.
C. The difference between two sample proportions is an unbiased estimator of the difference
between two sample means.
D. All of these choices are true.
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Analysis:
A. Incorrect. The sample mean is an unbiased estimator of the population mean.
B. Correct. The sample proportion is an unbiased estimator of the population proportion.
C. Incorrect. The difference between two sample proportions is an unbiased estimator of the
difference between two sample proportions.
D. Incorrect.
ANSWER: D Ref: Section 9.2
7. When estimating the population proportion and the value of p is unknown, we can construct a
confidence interval using which of the following?
A. The Standard Error of the Mean
B. The Sample Proportion,
C. The Standard Deviation of
D. None of the above.
Analysis:
A. Incorrect. When the value of p is unknown, we can use or the Sample Proportion.
B. Correct. When the value of p is unknown, we can use or the Sample Proportion.
C. Incorrect. When the value of p is unknown, we can use or the Sample Proportion.
D. Incorrect. When the value of p is unknown, we can use or the Sample Proportion.
ANSWER: B Ref: Section 9.2
8. The problem with relying on a point estimate of a population parameter is that:
A. it is virtually certain to be wrong.
B. it doesnt have the capacity to reflect the effects of larger sample sizes.
C. it doesnt tell us how close or far the point estimate might be from the parameter.
D. All of these choices are true.
Analysis:
A. Incorrect. All of these choices are true.
B. Incorrect. All of these choices are true.
C. Incorrect. All of these choices are true.
D. Correct. All of these choices are true.
ANSWER: D Ref: Section 9.1
9. The term 1- refers to:
A. the probability that a confidence interval does contain the population parameter.
B. the probability that a confidence interval does not contain the population parameter.
C. the level of unbiasedness.
D. the level of consistency.
Analysis:
A. Correct. The term 1- refers to the confidence level.
B. Incorrect. The term 1- refers to the confidence level.
C. Incorrect. The term 1- refers to the confidence level.
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Chapter 9
A.
B.
C.
D.
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increase
increase
increase
increase
the
the
the
the
Analysis:
A. Incorrect. In order to correct this problem, you need to increase the sample size.
B. Correct. In order to correct this problem, you need to increase the sample size.
C. Incorrect. In order to correct this problem, you need to increase the sample size.
D. Incorrect. In order to correct this problem, you need to increase the sample size.
ANSWER: B Ref: Section 9.2
14. A confidence interval is defined as:
A. a point estimate plus or minus a specific confidence level.
B. a lower and upper confidence limit associated with a specific level of confidence.
C. an interval that has a 95% probability of containing the population parameter.
D. a lower and upper confidence limit that has a 95% probability of containing the
population parameter.
Analysis:
A. Incorrect. A confidence interval is defined as a lower and upper confidence limit associated
with a specific level of confidence.
B. Correct. A confidence interval is defined as a lower and upper confidence limit associated
with a specific level of confidence.
C. Incorrect. A confidence interval is defined as a lower and upper confidence limit associated
with a specific level of confidence.
D. Incorrect. A confidence interval is defined as a lower and upper confidence limit associated
with a specific level of confidence.
ANSWER: B Ref: Section 9.2
15. Which of the following is not a part of the formula for constructing a confidence interval
estimate of the population proportion?
A. A point estimate of the population proportion.
B. The standard error of the sampling distribution of the sample proportion.
C. The confidence level.
D. The value of the population proportion.
Analysis:
A. Incorrect. The value of the population proportion is not a part of the formula.
B. Incorrect. The value of the population proportion is not a part of the formula.
C. Incorrect. The value of the population proportion is not a part of the formula.
D. Correct. The value of the population proportion is not a part of the formula.
ANSWER: D Ref: Section 9.2
16. Which of the following statements is false regarding the sample size needed to estimate a
population proportion?
A. It is directly proportional to the population variance.
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If everything is held equal, and the margin of error is increased, then the sample size will
A. increase.
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B. remain unchanged.
C. decrease
D. be determined by the sample proportion.
Analysis:
A. Incorrect. The sample size will decrease as the margin of error increases.
B. Incorrect. The sample size will decrease as the margin of error increases
C. Correct. The sample size will decrease as the margin of error increases
D. Incorrect. The sample size will decrease as the margin of error increases
ANSWER: C Ref: Section 9.3
20. In a production facility, 10% of the parts produced are defective. With a .95 probability, the sample
size that needs to be taken if the desired margin of error is 4% is
A.
B.
C.
D.
100
217
95
111
Analysis:
A. Incorrect. It requires a sample size of at least 217
B. Correct. It requires a sample size of at least 217
C. Incorrect. It requires a sample size of at least 217
D. Incorrect. It requires a sample size of at least 217
ANSWER: B Ref: Section 9.3