Exam 1 Flashcards
All of the following are measures of central tendency except the ____________.
Mode
Median
Range
Mean
Range
If the mean is greater than the median, then the distribution is ___________.
Skewed right
Skewed left
Bimodal
Symmetrical
Skewed Right
As a measure of variation, the sample ___________ is easy to understand and compute. It is based on the two extreme values and is therefore a highly unstable measure.
Range
If a population distribution is skewed to the right, then, given a random sample from that population, one would expect that the ____________.
Median would be less than the mean
A quantity that measures the variation of a population or a sample relative to its mean is called the ____________.
Coefficient of variation
As the coefficient of variation _______________ risk ______________.
Increases, Increases
Which of the following is influenced the least by the occurrence of extreme values in a sample?
Median
The average of the squared deviations of the individual population measurement from the population mean is the ___________.
Variance
A normal population has 99.73 percent of the population measurements within __________ standard deviations of the mean.
Three
A measure of the strength of the linear relationship between x and y that is dependent on the units in which x and y are measured.
Covariance
If the mean, median, and mode for a given population all equal 25, then we know that the shape of the distribution of the population is ____________.
Symmetrical
Determine whether the two events are mutually exclusive.
Consumer with an unlisted phone number and a consumer who does not drive
Not mutually exclusive
The simultaneous occurrence of events A and B is represented by the notation _______________.
A “junction” B
The set of all possible experimental outcomes is called a(n) ____________.
Sample space
If events A and B are independent, then P(A|B) is equal to _____________.
P(A)
A(n) _______________ probability is a probability assessment that is based on experience, intuitive judgment, or expertise.
Subjective
Determine whether the two events are mutually exclusive.
Unmarried person and a person with an employed spouse
Mutually exclusive
If events A and B are mutually exclusive, calculate P(A|B).
0
Mutually exclusive events have intersection = 0. Therefore, the conditional probability is also 0.