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Examination Paper – 2022 Semester 2

ECON 1008

Data Analytics I

Lecturer: Florian Ploeckl

Total Duration 120

minutes

Instructions to Candidate:

• This is a closed book examination

• There are TWO answer sheets, write your NAME and ID number on BOTH
• Answer all TRUE/FALSE -TF- questions on the TRUE/FALSE answer sheet
• Answer all Multiple Choice questions on the MULTIPLE CHOICE answer sheet
• Do NOT separate the two answer sheets
• Statistical tables are attached at the end of the examination questions.
• Examination materials must not be removed from the examination room.

Materials:

• Calculator without alphanumeric memory or remote communications capability

permitted
• A-4 sized one sided formula sheet is allowed
• Statistical tables

PLEASE DO NOT COMMENCE WRITING UNTIL INSTRUCTED TO DO SO

PLEASE SEE NEXT PAGE

ECON 1008 - Data Analytics I 2022 Primary Examination Page 2 of 13

TRUE FALSE (25 POINTS)

Answer ALL questions on the TRUE/FALSE answer sheet
All 25 question is worth one (1) point

TF 1) Correlation is Causation
A) TRUE B) FALSE

TF 2) A cumulative frequency distribution lists the proportion of observations that are

within or below each of the classes.
A) TRUE B) FALSE
TF 3) A pie chart is always preferable to a bar chart, when describing a nominal
variable.
A) TRUE B) FALSE
TF 4) The lowest value in a set of data is 140, and the largest value is 270. If the
resulting frequency distribution is to have ten classes of equal width, the common
class width will be 15.
A) TRUE B) FALSE
TF 5) Chebyshev's theorem only relates to symmetric histograms.
A) TRUE B) FALSE
TF 6) In a negatively skewed distribution, the mean is greater than the median.
A) TRUE B) FALSE
TF 7) Quartiles divide the values in a data set into four parts of equal size.
A) TRUE B) FALSE
TF 8) Occupation of a mortgage applicant is an ordinal data.
A) TRUE B) FALSE
TF 9) The coefficient of variation gives an indication of the magnitude of the standard
deviation relative to the mean.
A) TRUE B) FALSE
TF 10) The standard deviation is expressed in terms of the original units of
measurement, but the variance is not.
A) TRUE B) FALSE
TF 11) The modal class of a histogram is the class with the largest number of
observations
A) TRUE B) FALSE
TF 12) A histogram is an appropriate chart for nominal data
A) TRUE B) FALSE
ECON 1008 - Data Analytics I 2022 Primary Examination Page 3 of 13

TF 13) Statement
A) TRUE B) FALSE
TF 14) Statement
A) TRUE B) FALSE
TF 15) Statement
A) TRUE B) FALSE
TF 16) Statement
A) TRUE B) FALSE
TF 17) Statement
A) TRUE B) FALSE
TF 18) Statement
A) TRUE B) FALSE
TF 19) Statement
A) TRUE B) FALSE
TF 20) Statement
A) TRUE B) FALSE
TF 21) Statement
A) TRUE B) FALSE
TF 22) Statement
A) TRUE B) FALSE
TF 23) Statement
A) TRUE B) FALSE
TF 24) Statement
A) TRUE B) FALSE
TF 25) Statement
A) TRUE B) FALSE
ECON 1008 - Data Analytics I 2022 Primary Examination Page 4 of 13

MULTIPLE CHOICE (75 POINTS)

Answer ALL questions on the MULTIPLE CHOICE answer sheet

All 25 questions are worth three (3) points each

1) Which of the following may be determined from the height of the bar in a relative frequency
histogram

A.) The sample size

B.) The population size
C.) The proportion of observations that fall into that class
D.) The number of observations that fall into that class

2) A survey of a magazine’s subscribers indicates that 30% own a home, 70% own a car, and
80% of the homeowners who subscribe also own a car. What proportion of subscribers own
both a car and a house?

A.) 0.20
B.) 0.24
C.) 0.21
D.) 0.15

3) Given that Z is a standard normal variable, the variance of Z

A.) is always greater than 2.0

B.) is always greater than 1.0
C.) is always equal to 1.0
D.) cannot assume a specific value

4) If and B are mutually exclusive events with P(A) = 0.80, then P(B)

A.) can take any value between 0 and 1.

B.) ban take any value between 0 and 0.80.
C.) can be larger than 0.80
D.) cannot be larger than 0.20

5) In a sample of 10.000 observations from a normal population, how many would you expect
to lie beyond three standard deviations of the mean?

A.) about 27
B.) about 270
C.) none
D.) about 3.
ECON 1008 - Data Analytics I 2022 Primary Examination Page 5 of 13

6) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

7) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

8) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

9) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

10) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D
ECON 1008 - Data Analytics I 2022 Primary Examination Page 6 of 13

11) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

12) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

13) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

14) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

15) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D
ECON 1008 - Data Analytics I 2022 Primary Examination Page 7 of 13

16) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

17) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

18) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

19) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

20) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D
ECON 1008 - Data Analytics I 2022 Primary Examination Page 8 of 13

21) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

22) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

23) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

24) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

25) Question

A.) Answer A
B.) Answer B
C.) Answer C
D.) Answer D

END OF EXAM QUESTIONS

ECON 1008 - Data Analytics I 2022 Primary Examination Page 9 of 13

Statistical Tables
ECON 1008 - Data Analytics I 2022 Primary Examination Page 10 of 13
ECON 1008 - Data Analytics I 2022 Primary Examination Page 11 of 13
ECON 1008 - Data Analytics I 2022 Primary Examination Page 12 of 13

TRUE / FALSE ANSWER SHEET

Instructions
1. Print your Student ID Number, First and Last Names clearly (BLOCK letters)
2. Mark your answer using a X or  in the space provided.

Student
ID
a

First
name:

Last
name:

T/F Question T/F Question

1 TRUE FALSE 13 TRUE FALSE

2 TRUE FALSE 14 TRUE FALSE

3 TRUE FALSE 15 TRUE FALSE

4 TRUE FALSE 16 TRUE FALSE

5 TRUE FALSE 17 TRUE FALSE

6 TRUE FALSE 18 TRUE FALSE

7 TRUE FALSE 19 TRUE FALSE

8 TRUE FALSE 20 TRUE FALSE

9 TRUE FALSE 21 TRUE FALSE

10 TRUE FALSE 22 TRUE FALSE

11 TRUE FALSE 23 TRUE FALSE

12 TRUE FALSE 24 TRUE FALSE

25 TRUE FALSE
 ECON 1008 - Data Analytics I 2022 Primary Examination Page 13 of 13

MULTIPLE CHOICE ANSWER SHEET

Instructions

1. Print your Student ID Number, First and Last Names clearly (BLOCK letters)
2. Write your answer using a CAPITAL BLOCK letter in the space provided.

Student
ID
a

First
name:

Last
name:

1 11 21

2 12 22

3 13 23

4 14 24

5 15 25

6 16

7 17

8 18

9 19

10 20

END OF EXAMINATION