Business MCQ: June 2020

Archive for June 2020

Which of the following happens if a defendant is not informed of his or her Miranda rights?

A) The arrest warrant issued by the magistrate will cease to be legally enforceable
B) The arresting officers can make no appeal after the verdict of the trial has been pronounced
C) The information provided by the defendant at the time of arrest will not be admissible at trial
D) The defendant will be given the liberty to consult an attorney before speaking to the police

Answer: C

Which of the following happens if a defendant is not informed of his or her Miranda rights?

Marsha worked as a personal secretary to the manager of a firm. She was caught taking away stationary from the office for personal use. It was revealed during trial that she had been doing this ever since she joined work. This is a case of ________.

Three elements necessary for a valid gift are delivery, acceptance, and:

A property that the original owner has discarded is _____ property.

Which of the following is a characteristic of a personal property?

Which of the following is an example of tangible personal property?

Jonathan was in his last stages of lung cancer. In contemplation of his death, he gave away his Mercedes to his best friend as a gift. The gift is an example of a(n) _____.

____ are best described as torts that occur when the defendant takes an action that is inherently dangerous and cannot be undertaken safely, no matter what precautions the defendant takes.

Which of the following statements is true of an assault?

If an assault is followed by an intentional, unwanted, offensive bodily contact, it constitutes a(n) ______.

A noted women's rights organization sued an apparel retail chain for installing hidden cameras in its fitting rooms. Which of the following privacy torts does this scenario best illustrate?

Which of the following is considered an absolute defense for a person accused of defamation?

An important application of the chi-square distribution is _____.

In hypothesis testing, the critical value is _____.

The error of rejecting a true null hypothesis is _____.

The confidence associated with an interval estimate is called the _____.

Whenever the population has a normal probability distribution, the sampling distribution of is a normal probability distribution for _____.

Each customer entering a department store will either buy or not buy some merchandise. An experiment consists of following three customers and determining whether or not they purchase any merchandise. The number of sample points in this experiment is _____.

Initial estimates of the probabilities of events are known as _____.

The variance of a sample or a population cannot be _____.

Categorical data can be graphically represented by using a(n) _____.

A graphical method that can be used to show both the rank order and shape of a data set simultaneously is a _____.

Which two scales of measurement can be either numeric or nonnumeric?

In an application for a credit card, potential customers are asked for their social security numbers. A social security number is an example of a _____.

The required condition for using an ANOVA procedure on data from several populations is that the _____.

In an analysis of variance problem, if SST = 120 and SSTR = 80, then SSE is _____.

A term that means the same as the term "variable" in an ANOVA procedure is _____.

The independent variable of interest in an ANOVA procedure is called _____.

A Type II error is committed when _____.

The probability of making a Type I error is denoted by ___

If a hypothesis test has a Type I error probability of .05, that means if the null hypothesis is _____.

In general, higher confidence levels provide _____.

A 95% confidence interval for a population mean is determined to be 100 to 120. If the confidence coefficient is reduced to .90, the interval for μ _____.

From a population that is normally distributed with an unknown standard deviation, a sample of 25 elements is selected. For the interval estimation of μ, the proper distribution to use is the _____.

An estimate of a population parameter that provides an interval believed to contain the value of the parameter is known as the _____.

We can reduce the margin of error in an interval estimate of p by doing any of the following EXCEPT _____.

To compute the minimum sample size for an interval estimate of μ when the population standard deviation is known, we must first determine all of the following EXCEPT _____.

The general form of an interval estimate of a population mean or population proportion is the _____ plus or minus the _____.

If we change a 95% confidence interval estimate to a 99% confidence interval estimate, we can expect the _____.

Using α = .04, a confidence interval for a population proportion is determined to be .65 to .75. If the level of significance is decreased, the interval for the population proportion _____.

A simple random sample of size n from a finite population of size N is to be selected. Each possible sample should have _____.

The fact that the sampling distribution of the sample mean can be approximated by a normal probability distribution whenever the sample size is large is based on the _____.

How many different samples of size 3 (without replacement) can be taken from a finite population of size 10?

A numerical measure from a sample, such as a sample mean, is known as _____.

The set of all elements of interest in a study is _____.

The number of random samples (without replacement) of size 3 that can be drawn from a population of size 5 is _____.

Random samples of size 36 are taken from a process (an infinite population) whose mean and standard deviation are 20 and 15, respectively. The distribution of the population is unknown. The mean and the standard error of the distribution of sample mean are _____.

As a general rule, the sampling distribution of the sample proportions can be approximated by a normal probability distribution whenever _____.

Random samples of size 525 are taken from a process (an infinite population) whose population proportion is .3. The standard deviation of the sample proportions (i.e., the standard error of the proportion) is _____.

For the standard normal probability distribution, the area to the left of the mean is _____.

The probability density function for a uniform distribution ranging between 2 and 6 is _____.

Assume z is a standard normal random variable. Then P(–1.96 ≤ z ≤ –1.4) equals _____.

Assume z is a standard normal random variable. Then P(–1.20 ≤ z ≤ 1.50) equals _____.

For a standard normal distribution, the probability of obtaining a z value between –2.4 and –2.0 is _____.

The probability distribution that can be described by just one parameter is the _____ distribution.

The assembly time for a product is uniformly distributed between 6 and 10 minutes. The probability density function has what value in the interval between 6 and 10?

Suppose x is a normally distributed random variable with a mean of 5 and a variance of 4. The probability that x is greater than 10.52 is _____.

Excel's NORM.S.INV function can be used to compute _____.

A numerical description of the outcome of an experiment is called a _____.

The variance for the binomial probability distribution is _____.

The standard deviation is the _____.

The function used to compute the probability of x successes in n trials, when the trials are dependent, is the _____.

In a binomial experiment consisting of five trials, the number of different values that x (the number of successes) can assume is _____.

Assume that you have a binomial experiment with p = 0.5 and a sample size of 100. The expected value of this distribution is _____.

The mean and the standard deviation for the number of electrical outages (respectively) are _____.

Excel's HYPGEOM.DIST function can be used to compute _____.

To compute the probability that in a random sample of nelements, selected without replacement, we will obtain xsuccesses, we would use the _____.

In a binomial experiment, the probability of success is .06. What is the probability of two successes in seven trials?

Excel's BINOM.DIST function can be used to compute _____.

When dealing with the number of occurrences of an event over a specified interval of time or space and when the occurrence or nonoccurrence in any interval is independent of the occurrence or nonoccurrence in any other interval, the appropriate probability distribution is a _____.

A binomial probability distribution with p = 0.3 is _____.

A description of how the probabilities are distributed over the values the random variable can assume is called a(n) _____.

When using Excel's BINOM.DIST function, one should choose TRUE for the fourth input if _____.

The general form of an interval estimate of a population mean or population proportion is the _ plus or minus the _.