Question 61

Exhibit: Based on the histogram below of 28 nations' performances in the Winter Olympic games, in which bin would the median be located?
  • Question 62

    In an automobile manufacturing factory, selected cars are subjected to a crash test to ensure they meet baseline safety requirements. The null hypothesis of the crash test is that all cars are safe. The manufacturer aims to guarantee that all cars it sells meet the safety requirements. Which type of error is MORE serious for the automobile manufacturer?
  • Question 63

    In which of the following scenarios would both the price and quantity sold of paperback books decrease?
  • Question 64

    Company A has been profitable for the past five years but the Retained Earnings reported on the financial statements has not grown. Which of the following statements could explain the situation?
  • Question 65

    A city planner believes that as people's income rises, they are less likely to travel to work using public transportation or carpools. To see whether this belief is substantiated, the city planner gathers data from the 50 U.S. states on mean household income (in thousands of dollars) as well as the percent of people who take public transportation or carpool to work. The results for this regression are given below.

    Which of the following Excel formulas would correctly forecast the dependent variable for a state with a mean household income of $37,000?