40 Questions MCQ Test Business Mathematics and Logical Reasoning & Statistics - Test: Sampling Theory - 1
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A simple random sample of size 16 is drawn from a population with 50 members. What is the SE of sample mean if the population variance is known to be 25 given that the sampling is done with replacement?
A simple random sample of size 10 is drawn without replacement from a universe containing 85 units. If the mean and SD, as obtained from the sample, are 90 and 4 respectively, what is the estimate of the standard error of sample mean?
A random sample of the heights of 100 students from a large population of students having SD as 0.35m show an average height of 1.75m. What are the 95% confidence limits for the average height of all the students forming the population?
A random sample of size 82 was taken to estimate the mean annual income of 500 families and the mean and SD were found to be Rs.7500 and Rs.80 respectively. What is upper confidence limit to the average income of all the families when the confidence level is 90 percent?
8 Life Insurance Policies in a sample of 100 taken out of 20,000 policies were found to be insured for less than Rs.10,000. How many policies in the whole lot can be expected to be insured for less than Rs. 10,000 at 95% confidence level?
A random sample of a group of people is taken and 120 were found to be in favor of liberalizing licensing regulations. If the proportion of people in the population found in favor of liberalization with 95% confidence lies between 0.683 and 0.817, then the number of people in the group is
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