FIN 205 CBT

1. The following are Assumptions for Student’s test except_______.

2. ________ thinking considers end rather than means

3. _______ looks for the attributes or qualities of the product .i.e. comparison of the best one

4. μ in hypothesis test mean ________

5. ________is a method base on two head is better than one.

6. It has been found that 2% of the tools produced by a certain machine are defective. What is the probability that in a shipment of 400 such tools is ______

7. The degree of peakedness of a distribution is known as_________

8. These are problems encountered in the construction of index numbers except _______

9. The standard deviation of the set of data 7,6,3,4,10 is______

10. Copy - Obtain the harmonic mean of the following data 3,2,6,4, which is _______

11. _________ are indicators which reflect the relative changes in the level of certain phenomenon in any given period

12. Find the mode of the data below 2,3,3,4,2,6,3,3,4,4,4 which is _______

13. Under certainty, the decision maker simply ______ the outcome of each alternative and selects the one that best meets his/her objective

14. The scientific method for collecting, organizing, summarizing, presenting and analysing data is called________

15. Copy - Find the mode of the data below 2,3,3,4,2,6,3,3,4,4,4 which is _______

16. The heights in meters of 12 wallnut seeding, after twenty years growth are 4, 5, 6, 3, 7, 2, 8, 5, 3, 4.8, 4.5, 7.2, 5.2, which is ________

17. The normal distribution curve is otherwise known as ________

18. The art of problem solving and decision making is base on________

19. Find the root mean square of the heights in ft of 5 students in a class – 3,2,4,6,7 which is ________

20. Most common index numbers are the price index numbers which study changes in price level of commodities over a period of time is known as________

21. ________ is the comparison of one thing with another that has similar features

22. _______ Is the logical approach, it answers questions like What, Who, Where, How, When and Why

23. A hypothesis can be defined as a conjectural statement or a proposition about an assumed relationship between two or more _________.

24. Which of the following gives the median of a grouped frequency distribution_________

25. One way in which a representative sample may be obtained from a population is by ______

26. Obtain the harmonic mean of the following data 3,2,6,4, which is _______

27. _______ advocated the geometric cross of Laspeyre’s and Paasche’s Price index numbers

28. The are normally constructed for different classes of consumers is known as __________

29. The following are advantages of arithmetic mean except_______

30. Reflect changes in the volume of goods produced or consumed know as ___

31. _____ advocate that the current year quantities are taken as weights

32. Obtain the geometric mean of the following data 3,2,6,4 which is ______

33. There is no significant difference between the sample mean and the population mean can be symbolize as ______.

34. The number of employees in commercial banks in Ibadan are given as 4368, 4387, 4331, 4383, 4356, 4369. Find the mean __________

35. Aggregate of prices (of all the selected commodities) in the current year as a percentage of the aggregate of prices in the base year know as _____

36. Sampling distribution is the ______

37. ______ defined as the logical and quantitative analysis of all the factors influencing a decision

38. Find the median of the following data 8,3,5,2,6,7,3,9 which is ______

39. The mean deviation of the set of data 7,6,3,4,10 is_______

40. The mean deviation of the set of data 8,7,11,6,16,4,11 is________