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Foundations of Statistical Analysis and Decision Making Quiz

#1

Which statistical distribution is commonly used to model the number of successes in a fixed number of independent Bernoulli trials?

Binomial distribution
Explanation

It describes the number of successes in a fixed number of independent trials with the same probability of success.

#2

Which statistical test is appropriate for comparing the means of two independent groups?

Independent t-test
Explanation

It determines if there is a significant difference between the means of two independent groups.

#3

What is the purpose of a null hypothesis in hypothesis testing?

To assert that there is no significant difference or relationship
Explanation

It serves as a basis for comparison, assuming no effect or relationship between variables.

#4

What is the purpose of an outlier in a boxplot?

To identify extreme values in the dataset
Explanation

It visually highlights data points that significantly differ from the bulk of the data.

#5

Which of the following is NOT a measure of variability?

Mean
Explanation

It is a measure of central tendency, not variability, which describes how spread out the data points are.

#6

What is the fundamental principle of statistical inference?

Hypothesis Testing
Explanation

It involves making a hypothesis about a population parameter and then using sample data to test the hypothesis.

#7

Which measure of central tendency is most affected by outliers?

Mean
Explanation

It is heavily influenced by extreme values, pulling the value towards them.

#8

What does the term 'confidence interval' represent in statistics?

A range of values used to estimate a population parameter
Explanation

It provides a plausible range of values for an unknown parameter based on sample data.

#9

What is the formula to calculate the variance of a sample?

Σ(x - μ)² / (n - 1)
Explanation

It measures the dispersion of data points around the mean, adjusted for sample size.

#10

What is the formula to calculate the standard deviation of a population?

Σ(x - μ) / (n - 1)
Explanation

It measures the average deviation of data points from the mean, adjusted for sample size.

#11

In statistical terms, what is 'p-value'?

Probability of obtaining a test statistic at least as extreme as the one observed
Explanation

It quantifies the evidence against the null hypothesis, indicating how likely it is to observe the given data if the null hypothesis were true.

#12

What is the purpose of a Type II error in hypothesis testing?

Incorrectly failing to reject a false null hypothesis
Explanation

It means accepting the null hypothesis when it's false, thus missing a significant result.

#13

Which of the following is NOT an assumption of linear regression?

Independence of observations
Explanation

It assumes that observations are independent of each other, which is not a requirement for linear regression.

#14

What does the term 'statistical power' refer to?

The probability of correctly rejecting a false null hypothesis
Explanation

It indicates the likelihood of detecting an effect or relationship when it truly exists.

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