# Statistics

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FMBA SQA Final Exam

Prof. Kihoon Kim Oct. 10, 2012

F-MBA SQA Final Exam
Problem 1 2 3 4 5 Total Points 10 10 10 20 10 60 Score

Exam Rules A. B. C. D. The exam is open-book and open-note. You can use only a calculator during the exam; but you cannot use a laptop. You are NOT allowed to discuss any issues with students in the class during the exam. Any kind of cheating during the exam will result in zero score with possibly further penalties by Korea University Business School.

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Date:

FMBA SQA Final Exam

Prof. Kihoon Kim Oct. 10, 2012

1. Multiple and True/False Questions (10 points) Please circle the right answer for the questions below. Each question is assigned 2.5 points. 1. The sample mean of population 1 is smaller than that of population 2. If we are interested in testing whether the mean of population 1 is significantly smaller than the mean of population 2, the a. null hypothesis should state µ1 − µ2 < 0 b. null hypothesis should state µ1 − µ2 ≤ 0 c. alternative hypothesis should state µ1 − µ2 < 0 d. alternative hypothesis should state µ1 − µ2 > 0 ANSWER: c

2.

A Type I error is committed when a. a true alternative hypothesis is not accepted b. a true null hypothesis is rejected c. the critical value is greater than the value of the test statistic d. sample data contradict the null hypothesis ANSWER: b In determining an interval estimate of a population mean when σ is unknown, we use a t distribution with a. n − 1 degrees of freedom

3.