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1. A political ballot gives voters the option to vote for one of three candidates. Eight voters cast their ballots.
Which statistical rule should be used to determine the possible voting outcomes?
A) Bayes ' theorem
B) Combination
C) Multiplication principle
D) Conditional probability
2. A firm seeks to sharply reduce sales lead times to enhance sales effectiveness and productivity. Which action should the firm take to accomplish this?
A) Deploy a customer relationship management tool
B) Increase the research and development budget
C) Implement additional quality assurance measures
D) Prepare a media campaign
3. Which statement is an accurate reflection of an analytical decision made by a for-profit organization?
A) Optimize profit using hardware programming.
B) Optimize profit using social programming.
C) Optimize profit using software programming.
D) Optimize profit using linear programming.
4. What is the 80/20 rule associated with a Pareto chart?
A) Twenty percent of quality management problems can be explained by the other 80% of the problems.
B) Twenty percent of quality management problems result from 80% of causes.
C) Eighty percent of quality management problems result from 20% of causes.
D) Eighty percent of quality management problems can be explained by the other 20% of the problems.
5. Why would a human resources department use both mean and median when doing a salary evaluation of a department?
A) A large difference between mean and median shows there are outliers to assess.
B) A large difference between mean and median shows that some employees need raises.
C) A large difference between mean and median shows a miscalculation in the analysis.
D) A large difference between mean and median shows an abnormal standard deviation.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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