Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace BUS 206 exam

PS

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

  • Do not be in a hurry to answer the questions
  • Do not waste time on a question you don’t know
  • Move as fast as possible and starting with questions that don’t have calculation first to save time
  • Always crosscheck
  • Don’t be in a hurry to submit, you are not in a competition
  • Don’t be scared. Getting an A is easy
  • Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book
  • Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

I wish you success

Please do well to use our comment box incase there’s a message you want to pass to us

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BUS 206

1 / 40

1. Tradeoff exists between

2 / 40

2. Probability of Type II error equals

3 / 40

3. Normal distribution assumption is

4 / 40

4. Statistical assumption verification happens

5 / 40

5. Process of backing predictions with data

6 / 40

6. Test statistic used to

7 / 40

7. Null hypothesis is tested

8 / 40

8. Financial analyst predicting price uses

9 / 40

9. Sample data influences

10 / 40

10. Test result provides

11 / 40

11. Larger sample sizes typically lead to

12 / 40

12. Prediction confidence increases with

13 / 40

13. Alpha value often chosen as

14 / 40

14. Statistical decision ignores

15 / 40

15. Distribution assumption must be

16 / 40

16. Threshold probability for null rejection

17 / 40

17. Rejection region defined by

18 / 40

18. Statement initially assumed to be true

19 / 40

19. Statistical inference method for population parameter evaluation

20 / 40

20. False null not rejected indicates

21 / 40

21. First step in hypothesis testing

22 / 40

22. Significance level determines

23 / 40

23. Decision rule depends on

24 / 40

24. Test power calculated as

25 / 40

25. Measure of correctly rejecting false null

26 / 40

26. Decision to reject or not reject

27 / 40

27. Statistical error from accepting a false null

28 / 40

28. Economic issues considered in

29 / 40

29. Hypothesis claiming µ ≤ 5

30 / 40

30. Probability distribution selected based on

31 / 40

31. Scientific method includes

32 / 40

32. Hypothesis testing helps

33 / 40

33. Low beta implies

34 / 40

34. Hypothesis supported upon null rejection

35 / 40

35. Null hypothesis is assumed

36 / 40

36. Collection of observed data occurs

37 / 40

37. Probability of Type I error equals

38 / 40

38. Scientific method relies on

39 / 40

39. Null rejected despite truth indicates

40 / 40

40. Hypothesis claiming µ > 5

Your score is

The average score is 57%

0%

 

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