What are the limitations of using mean as a measure of central tendency?

  • It can't be used with large data sets
  • It can't be used with small data sets
  • It is difficult to calculate
  • It is highly sensitive to outliers
The main limitation of the mean as a measure of central tendency is that it is highly sensitive to outliers or extreme values. An outlier can skew the mean and make it a less accurate representation of the data. Moreover, mean does not describe the middle value or most common value in the dataset, which are often important characteristics.

What does a 95% confidence interval estimate?

  • The mean of the sample
  • The range within which 95% of the data points lie
  • The standard deviation of the population
  • The true population parameter with a 95% level of confidence
A 95% confidence interval estimates the range within which we are 95% confident that the true population parameter lies. It is not about the range of the data or the mean of the sample.

What is the effect of monotonic transformations on Spearman’s rank correlation coefficient?

  • They decrease the coefficient
  • They don't affect the coefficient
  • They increase the coefficient
  • They make the coefficient negative
Monotonic transformations do not affect the Spearman’s rank correlation coefficient. This is because Spearman's correlation is based on the rank order of data, and monotonic transformations preserve this order.

What's the difference between a histogram and a bar plot?

  • Bar plots are for continuous data, histograms for categorical data
  • Both are for continuous data only
  • Histograms are for continuous data, bar plots for categorical data
  • There is no difference
The main difference between a histogram and a bar plot is the type of data they represent. A histogram is used for continuous data, where the bins represent ranges of data, while a bar plot is used for categorical data to compare the frequency or count of different categories.

What is the error term in a simple linear regression model?

  • It is the dependent variable
  • It is the difference between the observed and predicted values
  • It is the independent variable
  • It is the slope of the regression line
The error term in a simple linear regression model is the difference between the observed and predicted values. It captures the variability in the dependent variable that is not explained by the independent variable in the model.

What can be inferred if the residuals are not randomly distributed in the residual plot?

  • The data has no outliers
  • The data is perfectly linear
  • The linear regression model is a perfect fit for the data
  • The linear regression model is not a good fit for the data
If the residuals are not randomly distributed (e.g., if they form a pattern), it suggests that the linear regression model is not a good fit for the data. This could be because the relationship between the variables is not linear, or because the data exhibits heteroscedasticity (unequal variances of errors), among other reasons.

What type of data is used in the Chi-square test for goodness of fit?

  • Categorical data
  • Continuous data
  • Interval data
  • Ordinal data
The Chi-square test for goodness of fit is used with categorical data. It compares the observed frequencies in each category with the frequencies we would expect to see if the data followed the theoretical distribution.

What is the null hypothesis in the Mann-Whitney U test?

  • The groups have different variances
  • The groups have equal variances
  • There is a significant difference between the groups
  • There is no significant difference between the groups
In the Mann-Whitney U test, the null hypothesis is that there is no significant difference between the groups. More specifically, it states that the probability that a randomly selected value from the first group is greater than a randomly selected value from the second group is equal to 0.5.

How does sample size affect the width of a confidence interval?

  • Increasing the sample size decreases the width of the confidence interval
  • Increasing the sample size has no effect on the width of the confidence interval
  • Increasing the sample size increases the width of the confidence interval
  • The relationship between sample size and the width of the confidence interval is unpredictable
Increasing the sample size decreases the width of the confidence interval. The larger the sample size, the more information you have, and thus the less uncertainty (which translates into a smaller standard error and narrower confidence interval).

If A and B are independent events, the probability of both occurring is ________.

  • P(A + B)
  • P(A / B)
  • P(A ∩ B)
  • P(A ∪ B)
If A and B are independent events, the probability of both occurring is P(A ∩ B) which is equal to P(A) * P(B). This is the fundamental characteristic of independent events in probability.