Business numbers

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Test1.docx

1. A process is sensitive to ambient temperature.  Temperature has a nearly normal distribution with mean of 67 degrees and standard deviation of 2.5 degrees.  Calculate the Z-score for a temperature reading of 61 degrees.

2. 50 Consumers were asked to rate a service as 'Poor', 'Average', or 'Good'.  24% of respondents rated the service as 'Poor'.  This is an example of a binomial experiment.

True

False

3. he relationship between commercial airtime minutes and an advertiser's profits is given by the least squares regression equation

               y = 2113.84x + 406,755

What is the predicted change in profits due to a 10 minute increase in airtime?

4. An appropriate control chart for monitoring the precision or variation in a process is a: 

5. A regression analysis determines that the number of website "hits" is associated with company profitability.  The coefficient of determination is calculated as r2 = 0.72.  Interpret the meaning of this value of 0.72.

6.