PSY 435 Week 4 Individual Assignment Improving Organization Retention Paper

 

Improving Organization Retention Paper.

 

 

 

Read the following scenario:

 

 

 

You are an independent consultant who has recently been hired by JC’s Casino to help improve retention issues concerning the dealers and housekeepers.  Most of the dealers have been leaving the casino to work at other casinos in the area, even though JC’s Casino pays better than their local competition.  On several exit interviews, many of the dealers have cited the pit boss, Joe, as being “toxic, overbearing, evil, and incompetent.”  Joe is the casino owner’s step-son and the HR director, Tom Sneed, is afraid to confront the owner.

 

 

 

Among the housekeeping staff, there has been an above normal rate of absenteeism and high turnover of rooms.  Many of the managers who work in accounting, payroll, and other departments have had to ask their full-time employees to help cover for housekeeping by cleaning rooms periodically.  Because of this problem, the hotel has had to adjust their check in times from 3 p.m. (the industry standard) to 6 p.m.  Customers have arrived earlier and the hotel has had to accommodate them by creating a room to hold luggage.  They have also had to hire staff to man the luggage room.

 

 

 

The director of housekeeping, Andrew Keehn, has been working hard to add more staff but he states “good help is hard to find.”  The housekeeper’s current hourly wage is comparable to other casinos in the area but because of the staffing shortage, the housekeepers have to clean more rooms per day than their counterparts.  The casino owner only knows that there are some issues with keeping the dealers and that some customers were upset because they had to wait to check in.  You have been hired for a quick fix and your suggestions were needed yesterday.

 

 

 

Write a 1,400- to 1,700-word paper in which you identify each issue and make recommendations to JC, the casino president, on how to improve overall retention.  What the scenario does not provide, you can create.  Be sure to include the following in your assessment:

 

 

 

Evaluate at least two work motivation theories and how they can be applied in order to improve employee recruitment and retention at JC’s Casino.

Examine possible occupational stressors that are negatively influencing recruitment and retention.  What improvements would you suggest to alleviate these stressors?

Examine the role of job satisfaction and its influence on retention at the casino.  Provide recommendations for improving job satisfaction of the employees and how that can play a part in successfully improving retention.

Discuss counterproductive employee behavior occurring at the casino.  What suggestions would you make to reduce the counterproductive behavior and increase productive employee behavior?

 

 

Include at least three references.

Format your papers consistent with APA guidelines.

Assignment 3: Cultural Activity Report

Due Week 10 and worth 100 points

As a way of experiencing the Humanities beyond your classroom, computer, and textbook, you are asked to do a certain type of “cultural activity” that fits well with our course and then report on your experience.   Your instructor will require you to propose an activity and get instructor approval before you do it and report on it (students should look for any instructions in that respect). Every effort should be made to ensure that this is a hands-on experience (not a virtual one), that this activity fits the HUM 112 class well, and that the activity is of sufficient quality for this university course. The two (2) key types of activities are a museum visit or a performance. Note: This must not be a report on the same activity (and certainly not the same report) as done for another class, like HUM 111. For instance, one might go to the same museum as done for HUM 111, but this HUM 112 report will focus on entirely different works and displays. 

1. Visit a museum or gallery exhibition or attend a theater, dance, or musical performance before the end of Week 10. The activity (museum or performance) should have content that fits our course well. Have fun doing this. 
2. Write a two to three (2-3) page report (500-750 words) that describes your experience.

• • Clearly identify the event location, date attended, the attendees, and your initial reaction upon arriving at the event.
  • Provide specific information and a description of at least two (2) pieces.
  • Provide a summary of the event and describe your overall reaction after attending the event.
  • Use at least the class text as a reference (additional sources are fine, not necessary unless required by your content). Your report should include connections you make between things observed in your activity and things learned in the course and text. 

Note: Submit your cultural activity choice to the instructor for approval before the end of Week 5 (earlier is even better). Look for guidance from the instructor for how or where to make your proposal. You may also seek advice from your instructor (provide your town / state or zip code) for a good activity in your general area. 

Visiting a Museum 

• It makes sense to approach a museum the way a seasoned traveler approaches visiting a city for the first time. Find out what is available to see. In the museum, find out what sort of exhibitions are currently housed in the museum and start with the exhibits that interest you.
• If there is a travelling exhibition, it’s always a good idea to see it while you have the chance. Then, if you have time, you can look at other things in the museum.
• Every effort should be made ahead of time to identify a museum that has items and works one can easily connect to our HUM 112 class and book. Since HUM 112 covers from 1600 AD to the present, it makes more sense to focus on items from this time frame. In general, museums with fine arts work better than history museums. 
• Any questions about whether a museum-visit activity fits the course and assignment well enough will be decided by the instructor when the student seeks approval for the activity. Any alternative activity outside the normal ones listed here, such as for those limited by disability or distance, will be determined by the instructor. Normally, we do not expect students to travel over an hour to get to an approved activity. 
• Make notes as you go through the museum and accept any handouts or pamphlets that the museum staff gives you. While you should not quote anything from the printed material when you do your report, the handouts may help to refresh your memory later.
• The quality of your experience is not measured by the amount of time you spend in the galleries or the number of works of art that you actually see. The most rewarding experiences can come from finding two or three (2 or 3) pieces of art or exhibits which intrigue you and then considering those works in leisurely contemplation. Most museums have benches where you can sit and study a particular piece.
• If you are having a difficult time deciding which pieces to write about, ask yourself these questions: (1) If the museum you are visiting suddenly caught fire, which two (2) pieces of art or exhibits would you most want to see saved from the fire? (2) Why would you choose those two (2) particular pieces?  

Attending a Performance

• Check your local colleges to see if there are any free or low-cost performances or student recitals. Student performances are generally of almost the same quality as professional performances, but typically cost much less. However, performances of high school level or lower will not meet this requirement. 
• Try to do a quality performance that fits the class subject matter well. Sorry—but this is not for pop music or rock music, rap, country music, gospel music, comedy routines, your kid’s dance recital, your international friend’s wedding, high school plays, renaissance fairs, etc. Instead, think of college level or professional recitals, string quartets, symphony orchestras, opera, jazz, some stage dramas, etc. 

• Any questions about whether a performance activity fits the course and assignment well enough will be decided by the instructor when the student seeks approval for an activity. Any alternative activity outside the normal ones listed here, such as for those limited by disability or distance, will be determined by the instructor. Normally, we do not expect students to travel over an hour to get to an approved activity. 
• Unlike visiting a museum, where you can wear almost anything, people attending performances are often expected to “dress up” a bit.
• Take a pen or pencil with you and accept the program you are offered by the usher; you will probably want to take notes on it during or after the performance.
• Turn off your cell phone before entering the auditorium. Do not use your phone to record the music or to take pictures or videos. To play it safe, turn the phone off. 
• Most long musical performances have at least one (1) intermission. If the lights start blinking, it is the sign that the performance is about to begin. 
• Look for very specific things (such as a particular piece of music or the way certain instruments sounded at a specific time) which tend to stand out as either enjoyable or not enjoyable. Be sure to take notes of the things which you find enjoyable as well as the things which are not enjoyable.  

Note: If a student is unable to attend a cultural event in person due to circumstances beyond the student’s control, then the instructor will recommend an alternate event / activity for the student to “attend” online. The “virtual” event / activity is usually only for students who, due to their physical location, cannot possibly attend an event / activity in person; typically, these students are stationed overseas or have no means of transportation. Experience shows most museums and activities are modest in cost and manageable for students, and you will often see students from other universities there on similar course projects. If you are facing financial hardship, keep in mind that many museums have a free day each week and performance discounts are often available for students and veterans, among others. Feel free to ask your instructor to help with finding low-cost options. If you believe that you have a legitimate reason for attending a “virtual” activity, you must contact the instructor no later than Week 5 for your request to be considered.  

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA Style format. Check with your professor for any additional instructions. (Note: Students can find APA style materials located in the course shell for reference)
• Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Due Week 10 and worth 100 points

As a way of experiencing the Humanities beyond your classroom, computer, and textbook, you are asked to do a certain type of “cultural activity” that fits well with our course and then report on your experience.   Your instructor will require you to propose an activity and get instructor approval before you do it and report on it (students should look for any instructions in that respect). Every effort should be made to ensure that this is a hands-on experience (not a virtual one), that this activity fits the HUM 112 class well, and that the activity is of sufficient quality for this university course. The two (2) key types of activities are a museum visit or a performance. Note: This must not be a report on the same activity (and certainly not the same report) as done for another class, like HUM 111. For instance, one might go to the same museum as done for HUM 111, but this HUM 112 report will focus on entirely different works and displays. 

1. Visit a museum or gallery exhibition or attend a theater, dance, or musical performance before the end of Week 10. The activity (museum or performance) should have content that fits our course well. Have fun doing this. 
2. Write a two to three (2-3) page report (500-750 words) that describes your experience.

• • Clearly identify the event location, date attended, the attendees, and your initial reaction upon arriving at the event.
  • Provide specific information and a description of at least two (2) pieces.
  • Provide a summary of the event and describe your overall reaction after attending the event.
  • Use at least the class text as a reference (additional sources are fine, not necessary unless required by your content). Your report should include connections you make between things observed in your activity and things learned in the course and text. 

Note: Submit your cultural activity choice to the instructor for approval before the end of Week 5 (earlier is even better). Look for guidance from the instructor for how or where to make your proposal. You may also seek advice from your instructor (provide your town / state or zip code) for a good activity in your general area. 

Visiting a Museum 

• It makes sense to approach a museum the way a seasoned traveler approaches visiting a city for the first time. Find out what is available to see. In the museum, find out what sort of exhibitions are currently housed in the museum and start with the exhibits that interest you.
• If there is a travelling exhibition, it’s always a good idea to see it while you have the chance. Then, if you have time, you can look at other things in the museum.
• Every effort should be made ahead of time to identify a museum that has items and works one can easily connect to our HUM 112 class and book. Since HUM 112 covers from 1600 AD to the present, it makes more sense to focus on items from this time frame. In general, museums with fine arts work better than history museums. 
• Any questions about whether a museum-visit activity fits the course and assignment well enough will be decided by the instructor when the student seeks approval for the activity. Any alternative activity outside the normal ones listed here, such as for those limited by disability or distance, will be determined by the instructor. Normally, we do not expect students to travel over an hour to get to an approved activity. 
• Make notes as you go through the museum and accept any handouts or pamphlets that the museum staff gives you. While you should not quote anything from the printed material when you do your report, the handouts may help to refresh your memory later.
• The quality of your experience is not measured by the amount of time you spend in the galleries or the number of works of art that you actually see. The most rewarding experiences can come from finding two or three (2 or 3) pieces of art or exhibits which intrigue you and then considering those works in leisurely contemplation. Most museums have benches where you can sit and study a particular piece.
• If you are having a difficult time deciding which pieces to write about, ask yourself these questions: (1) If the museum you are visiting suddenly caught fire, which two (2) pieces of art or exhibits would you most want to see saved from the fire? (2) Why would you choose those two (2) particular pieces?  

Attending a Performance

• Check your local colleges to see if there are any free or low-cost performances or student recitals. Student performances are generally of almost the same quality as professional performances, but typically cost much less. However, performances of high school level or lower will not meet this requirement. 
• Try to do a quality performance that fits the class subject matter well. Sorry—but this is not for pop music or rock music, rap, country music, gospel music, comedy routines, your kid’s dance recital, your international friend’s wedding, high school plays, renaissance fairs, etc. Instead, think of college level or professional recitals, string quartets, symphony orchestras, opera, jazz, some stage dramas, etc. 

• Any questions about whether a performance activity fits the course and assignment well enough will be decided by the instructor when the student seeks approval for an activity. Any alternative activity outside the normal ones listed here, such as for those limited by disability or distance, will be determined by the instructor. Normally, we do not expect students to travel over an hour to get to an approved activity. 
• Unlike visiting a museum, where you can wear almost anything, people attending performances are often expected to “dress up” a bit.
• Take a pen or pencil with you and accept the program you are offered by the usher; you will probably want to take notes on it during or after the performance.
• Turn off your cell phone before entering the auditorium. Do not use your phone to record the music or to take pictures or videos. To play it safe, turn the phone off. 
• Most long musical performances have at least one (1) intermission. If the lights start blinking, it is the sign that the performance is about to begin. 
• Look for very specific things (such as a particular piece of music or the way certain instruments sounded at a specific time) which tend to stand out as either enjoyable or not enjoyable. Be sure to take notes of the things which you find enjoyable as well as the things which are not enjoyable.  

Note: If a student is unable to attend a cultural event in person due to circumstances beyond the student’s control, then the instructor will recommend an alternate event / activity for the student to “attend” online. The “virtual” event / activity is usually only for students who, due to their physical location, cannot possibly attend an event / activity in person; typically, these students are stationed overseas or have no means of transportation. Experience shows most museums and activities are modest in cost and manageable for students, and you will often see students from other universities there on similar course projects. If you are facing financial hardship, keep in mind that many museums have a free day each week and performance discounts are often available for students and veterans, among others. Feel free to ask your instructor to help with finding low-cost options. If you believe that you have a legitimate reason for attending a “virtual” activity, you must contact the instructor no later than Week 5 for your request to be considered.  

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA Style format. Check with your professor for any additional instructions. (Note: Students can find APA style materials located in the course shell for reference)
• Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

This document of  ACC 280 Final Exam includes:

 

 

PART I

 

1) The accounting process is correctly sequenced as

A.  identification, communication, recording

B.  recording, communication, identification

C.  identification, recording, communication

D.  communication, recording, identification

 

2) Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?

A.  Identification

B.  Communication

C.  Recording

D.  Analysis

 

3) Generally accepted accounting principles are

A.  income tax regulations of the Internal Revenue Service

B.  standards that indicate how to report economic events

C.  theories that are based on physical laws of the universe

D.  principles that have been proven correct by academic researchers

 

4) The private sector organization involved in developing accounting principles is the

A.  Feasible Accounting Standards Body

B.  Financial Accounting Studies Board

C.  Financial Accounting Standards Board

D.  Financial Auditors’ Standards Body

 

5) GAAP stands for

A.  Generally Accepted Auditing Procedures

B.  Generally Accepted Accounting Principles

C.  Generally Accepted Auditing Principles

D.  Generally Accepted Accounting Procedures

 

6) The four primary financial statements are

A.  the general ledger, the working trial balance, the general journal and the balance sheet

B.  the balance sheet, the working trial balance, the income statement and the statement of cash flows

C.  the cash account, the statement of stockholder’s equity, the year-end worksheet, and the balance sheet

D.  the balance sheet, the income statement, the statement of stockholder’s equity and the statement of cash flows

 

7) Which of the following financial statements is a point in time report?

A.  Balance sheet

B.  Income statement

C.  Statement of stockholder’s equity

D.  Statement of cash flows

 

8) In recording an accounting transaction in a double-entry system,

A.  the number of debit accounts must equal the number of credit accounts

B.  there must always be entries made on both sides of the accounting equation

C.  the amount of the debits must equal the amount of the credits

D.  there must only be two accounts affected by any transaction

 

9) An account will have a credit balance if the

A.  credits exceed the debits

B.  first transaction entered was a credit

C.  debits exceed the credits

D.  last transaction entered was a credit

 

10) Which of the following statements is true?

A.  Debits increase assets and increase liabilities.

B.  Credits decrease assets and decrease liabilities.

C.  Credits decrease assets and increase liabilities.

D.  Debits decrease liabilities and decrease assets.

 

11) On June 1, 2008, Leno Inc. buys a copier machine for its business and finances this purchase with cash and a note. When journalizing this transaction, the company’s accountant will

A.  use two journal entries

B.  make a compound entry

C.  make a simple entry

D.  list the credit entries first, which is proper form for this type of transaction acc 280 final exam

 

12) Posting of journal entries should be done in

A.  account number order

B.  alphabetical order

C.  chronological order

D.  dollar amount order

 

13) Bank errors

A.  occur because of time lags

B.  must be corrected by debits

C.  are infrequent in occurrence

D.  are corrected by making an adjusting entry on the depositor’s books

 

14) A $2,000 advance payment for a 1-year insurance is recorded as

A.  Insurance expense $2,000            Cash $2,000

B.  Cash $2,000                                 Insurance expense $2,000

C.  Prepaid insurance $2,000 Cash $2,000

D.  Prepaid insurance $2,000 Insurance expense $2,000

 

15) Carson company purchased a 2-year insurance policy for $4,800 on January 1, 2010. The $4,800 was debited to the Prepaid Insurance account. What adjustment should be made to record expired insurance January 31, 2010?

A.  Debit insurance expense and credit prepaid insurance for $2,400.

 B.  Debit prepaid insurance and credit insurance expense for $200.

C.  Debit prepaid insurance and credit insurance expense for $400.

D.  Debit insurance expense and credit prepaid insurance for $200.

           

16) Can financial statements be prepared directly from the adjusted trial balance?

A.  No, they cannot. The general ledger must be used.

B.  Yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts.

C.  No, the adjusted trial balance merely proves the equality of the total debit and total credit balances in the ledger after adjustments are posted. It has no other purpose.

D.  Yes, they can because that is the only reason that an adjusted trial balance is prepared.

 

17) The information for preparing a trial balance on a worksheet is obtained from

A.  financial statements

B.  general ledger accounts

C.  general journal entries

D.  business documents acc280 final exam

 

18) If the total debit column exceeds the total credit column of the income statement columns on a worksheet, then the company has

A.  earned net income for the period

B.  an error because debits do not equal credits

C.  suffered a net loss for the period

D.  to make an adjusting entry

 

19) After all of the account balances have been extended to the income statement columns of the work sheet, the totals of the debit and credit columns are $50,000 and $40,000, respectively. What is the amount of net income or net loss for the period?

A.  $10,000 net income

B.  $10,000 net loss

C.  $50,000 net income

D.  $90,000 net income

 

20) The income summary account

A.  is a permanent account

B.  appears on the balance sheet

C.  appears on the income statement

D.  is a temporary account

 

21) Which of the following is an income statement account?

A.  Revenue

B.  Salaries payable

C.  Cash

D.  Accounts payable

 

22) Which of the following is a balance sheet account?

A.  Sales revenue

B.  Salaries payable

C.  Salaries expense

D.  Service revenue

 

23) In order to close the dividends account, the

A.  income summary account should be debited

B.  income summary account should be credited

C.  retained earnings account should be credited

D.  retained earnings account should be debited

24) In preparing closing entries,

A.  each revenue account will be credited

B.  each expense account will be credited

C.  the retained earnings account will be debited if there is net income for the period

D.  the dividends account will be debited

25) Profit margin is a measure of

A.  liquidity

B.  profitability

C.  solvency

D.  risk

26) Working capital is

A.  net income divided by sales

B.  current assets minus current liabilities

C.  current assets divided by current liabilities

D.  total debt divided by total assets

 

27) Internal control is defined, in part, as a plan that safeguards

A.  all balance sheet accounts

B.  assets

C.  liabilities

D.  capital stock

28) Having one person post entries to accounts receivable subsidiary ledger and a different person post to the Accounts Receivable Control account in the general ledger is an example of

A.  inadequate internal control

B.  duplication of effort

C.  external verification

D.  segregation of duties

29) Certified Public Accounting firms that audit public companies are reviewed by

A.  The Securities and Exchange Commission

B.  The American Institute of Certified Public Auditors

C.  The Public Company Accounting Oversight Board

D.  The Financial Auditing Standards Board

 

30) The entity responsible for setting International Accounting Standards is

A.  The Financial Accounting Standards Board

B.  The International Monetary Fund

C.  The International Accounting Standards Board

D.  The Financial Accounting Foundation

 

 

Rating  A

 

 

1) What are the critical z-values for a two-tailed hypothesis test if the significant level = 0.01?

A.  ± 1.96

B.  ± 2.33

C.  ± 2.58

D.  ± 1.65

 

2) In classical hypothesis testing, the test statistic is to the critical value what the __________.

A.  ‘p-value’ is to alpha

B.  critical value is to alpha

C.  test statistic is to the ‘p-value’

D.  level of significance is to the test statistic

 

3) For a hypothesis test of a single population mean at 95% confidence level, a calculated Z score of 1.7 supports the conclusion that

A.  the population mean is greater than the hypothesized value

B.  the null hypothesis cannot be rejected

C.  the sample is biased

D.  the population mean is less than expected

 

4) If the paired differences are normal in a test of mean differences, then the distribution used for testing is the 

A.  normal distribution

B.  chi-square

C.  student distribution 

D.  F distribution 

 

5) One hundred women were polled and 60 reported successfully communicating an automobile problem to an auto repairman. A sample of 150 men had 95 reporting the same success. The value of the test statistic for a test of the equality of proportions is 

A.  -0.5319

B.  0.7293

C.  -0.419

D.  0.2702

 

6) Weekly sales of iPods® at 20 Best Buy® stores are compared before and after installing a new eye-catching display. To determine if the display is effective in increasing sales, what type of statistical test would you perform?

A.  Comparison of means using independent samples using a t-test

B.  Comparison of proportions using independent samples using a z-test

C.  Comparison of means using a paired z-test

D.  Comparison of means using a paired t-test

 

7) When is it appropriate to use the paired difference t-test?

A.  Four samples are compared at once.

B.  Any two samples are compared.

C.  Two independent samples are compared.

D.  Two dependent samples are compared.

 

8) A survey of hotels found that the average hotel room rate in New Orleans is $88.42 and the average room rate in Phoenix is $80.61. The survey sampled 50 hotels in each city. The standard deviations were $5.62 and $4.83, respectively. At alpha=.05, it can be concluded that there is a significant different in the rates?

A.  7.45

B.  -1.96

C.  1.96

D.  -7.45

 

9) If the paired differences are normal in a test of mean differences, the distribution used for testing is the

A.  normal distribution

B.  chi-square

C.  student t distribution

D.  F distribution 

 

10) The accountant for Thomas’s Furniture Store is concerned regarding the outstanding receivable owed the company. There has been a cash flow problem and it is believed that the slow collection of accounts receivable is partially the blame. The accountant believes that 40% of the present accounts are more than 4 months behind in making payments. To be able to make a decision regarding this belief, a random sample of 100 accounts was taken. It was found that 37 accounts were more than 4 months late. Did the sample data confirm the accountant’s belief? Use the .05 significant level for the statistical test.

A.  There is not enough evidence to confirm or deny the belief.

B.  The accountant’s belief is not confirmed.

C.  The accountant’s belief is confirmed.

D.  The accountant needed to take a larger sample.

 

11) New college business graduates are finding it difficult to get a job. A business journal has reported that only one in five graduates is able to find a job within 6 months of their graduation. A report by University of Phoenix indicated that out of a survey of 300 recent business graduates, 75 had jobs. You are a business major at University of Phoenix and have a concern about getting a job. Based on this data, will a graduate of University of Phoenix have a better chance of getting a job in the first 6 months after graduation? Use the .05 significant level for the test.

A.  No, there is not a significant difference.

B.  It cannot be predicted based on this data.

C.  Yes, there is a significant difference.

D.  The business journal information is incorrect.

 

12) Analysis of variance (ANOVA) is used to

A.  compare nominal data

B.  compute t- test

C.  compare population proportion

D.  simultaneously compare several population means

 

13) Mr. Thomas owns three different restaurants in Cincinnati, Ohio. He is concerned about the profitability of the restaurants. There are monthly differences between the restaurants and he wants to determine if the differences in profit are significant. Mr. Thomas wants to do a statistical test to see if he should be concerned. The best test to address this problem would be

A.  a paired t- test

B.  two different t tests

C.  an ANOVA test

D.  a two sample test

 

14) Sound engineers studied factors that might affect the output, in decibels, of a rock concert’s speaker system. The desired level of significance was a = .05. The results of their ANOVA tests are shown:

Source of Variation   SS   df   MS   F   P-value

Amplifier   99.02344       99.02344       0.005718

Position   93.98698       31.32899   3.215807   0.051003

Interaction   10.15365   3   3.384549   0.347412   0.791505

Error   155.875   16   9.742188        

Total   359.0391   23            

The interaction between the Position and Amplifier treatments was

A.  very significant

B.  slightly significant

C.  insignificant

D.  highly correlated

 

15) Totto, an automobile manufacturer, has designed a radically new engine and wants to recommend the grade of gasoline that will have the best fuel economy. The four grades are regular, below regular, premium, and super premium. The test car made three trial runs on the test track using each of the grades and the miles per gallon were recorded. At the 0.05 level, what is the critical value of F used to test the hypothesis that the miles per gallon for each fuel are the same?

A.  1.96

B.  4.07

C.  2.33

D.  12.00

16) If an ANOVA test is conducted and the null hypothesis is rejected, what does this indicate?

A.  Too many degrees of freedom

B.  A difference between at least one pair of population means

C.  No difference between the population means

D.  The variances are the same

17) Nonparametric statistics are used when

A.  you have qualitative data, with your variables being measured at the nominal or interval level

B.  you have qualitative data, with your variables being measured at the ordinal or ratio level

C.  you have qualitative data, with your variables being measured at the nominal or ordinal level

D.  you have qualitative data, with your variables being measured at the ordinal or interval level

18) The nonparametric test most commonly used for testing the statistical independence between two variables is

A.  the Kruskal- Wallis test

B.  the Chi- Square test

C.  the Mann Whitney test

D.  the Sign test

19) What nonparametric test is used when the assumptions for the parametric ANOVA cannot be met? Its purpose is to test whether three or more populations are equal. The data must be at least ordinal scaled.

A.  Students’ t

B.  Kruskal- Wallis

C.  Mann-Whitney

D.  ANOVA

20) Rachael Smith is the personnel manager at Johnson and Johnston, an accounting firm. She is concerned about absenteeism, which seems to be an increasing problem, especially after days off work. She decided to sample the records to determine if absenteeism was distributed evenly throughout the 6-day work week. The null hypothesis to be tested was: Absenteeism is distributed evenly throughout the week. The sample results were:

Day of Week   Number Absent

Monday   12

Tuesday   9

Wednesday   11

Thursday   10

Friday   9

Saturday   9

What is the critical value of chi-square with a significant level of = 0.05?

A.  11.070

B.  12.592

C.  13.388

D.  15.033

21) A public opinion poll surveyed a simple random sample of voters. Respondents were classified by gender and by voting preference—Republican, Democrat, or Independent. The results follow.

Voting Preferences   Republican   Democrat   Independent   Row total

Male   200   150   50   400

Female   250   300   50   600

Column total   450   450   100   1000

If you conduct a chi-square test of independence, what is the expected frequency count of male Independents?

A.  50

B.  60

C.  40

D.  30

22) What parametric test is equivalent to the nonparametric Spearman’s rank test?

A.  T-test of correlation coefficient

B.  T-test of two sample means

C.  T-test of one sample mean.

D.  T-test of two sample proportions

23) What is the variable used to predict another variable called?

A.  Independent variable

B.  Dependent variable

C.  Moderating variable

D.  Intervening variable

24) Michelle used a sample of 50 U.S. cities to estimate the relationship between crime, or annual property crimes per 100,000 persons, and income, or median income per capita. Her estimated regression equation was crime = 428 – .01 income. Assuming her model is statistically significant, if income decreases by $1,000, we would predict that crime will

A.  decrease by 1

B.  increase by 10

C.  decrease by 10

D.  increase by 100

25) In the least squares equation, Y’ = 12 + 25X the value of 25 indicates

A.  the y- intercept

B.  for each unit increase in ‘x’, y’ increases by 25

C.  for each unit increase in ‘y’, ‘x’ increases by 25

D.  the residual of ‘x’ factor

26) A test is conducted in eight cities to see if giving away free transit system maps will increase bus ridership. In a regression analysis, the dependent variable is the increase in bus ridership in thousands of persons from the start of the test until its conclusion. The independent variables are X1 = the number in thousands of free maps distributed and X2 = a binary equal to 1, if the city has free downtown parking and 0 otherwise. The estimated regression equation is Y = 1.32+.0345X1-1.45X2. If the Y value for city 3 is 7.3, X1 = 140, and X2 = 0 the residual for city 3 in thousands is:

A.  6.34

B.  1.15

C.  .57

D.  2.01

27) The following linear trend equation was developed for the annual sales of the Tractor Manufacturing Company. Y’ = 355 + 50t in thousands of dollars. How much are sales increasing by?

A.  $50,000 per year

B.  $5,00 per month

C.  $500,000 per year

D.  $6,000 per year

 

28) The time series component that reflects variability over short, repetitive time periods that last less than one year is called

A.  long-term trend

B.  cyclical variation

C.  seasonal variation

D.  irregular variation

29) A research company has been hired by a realty company to do an analysis of heating cost of homes in the region. The realty company wanted to be able to predict the heating cost of a typical single-family home. The realty company was constantly being asked questions regarding heating costs by potential home buyers. It was believed that these variables would impact heating costs (Y’): mean daily outdoor temperature (X1), the number of inches of insulation (X2), and the age in years of the furnace (X3). The multiple regression analysis produced the following regression equation: Y’ = 427.2 – 4.58X1 – 14.83X2 + 6.10X3. Which statement is correct based on this analysis?

A.  The age of the furnace has an indirect relationship with heating costs.

B.  There is an inverse relationship between outdoor temperature and heating costs.

C.  There is no real clear relationship between these variables.

D.  There exists a direct relationship between inches of insulation and heating costs.

30) If we fit a linear trend to data that are growing exponentially,

A.  the fitted trend will be too high at the end

B.  the forecasts, if extrapolated, will be too low

C.  the forecasts, if extrapolated, will be too high

D.  the fitted trend will be too low in the middle