23/05/2024, 18:35
Post-seminar Quiz - Week 3: Attempt review | MonashELMS
ETF1100 - S1 2024 / Post-seminar Quiz - Week 3
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Sunday, 17 March 2024, 3:28 PM
Finished
Sunday, 17 March 2024, 11:59 PM
8 hours 30 mins
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Information
Analyze the differences between the price distributions of new and old houses
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23/05/2024, 18:35
Post-seminar Quiz - Week 3: Attempt review | MonashELMS
Question 1
Not answered
Marked out of 1.00
Which measure of central tendency is most appropriate for the price distribution of new houses?
a. Mean
b. Median
c. Mode
The correct answer is:
Median
Question 2
Not answered
Marked out of 1.00
Which of the following statement(s) are TRUE? (multiple selection allowed)
a.
Old houses tend to be more expensive according to the measures of central location
b. Both distributions are asymmetric.
c. The price distribution of new houses is less variable than the price distribution of old houses.
d. 25% of old houses cost more than $1.35million
The correct answers are:
Both distributions are asymmetric.,
25% of old houses cost more than $1.35million
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23/05/2024, 18:35
Post-seminar Quiz - Week 3: Attempt review | MonashELMS
Information
Use the excel function of NORM.DIST and NORM.INV to work out the probabilities and X values for the following scenarios. Answers in
numbers only, no need to provide the units.
You measured your resting heart rate at 10am every day for a month and recorded the data. You discover that your resting heart rate
has a normal distribution with a mean of 65 beats per minute (bpm) and a standard deviation of 3 bpm.
Question 3
Not answered
Marked out of 1.00
What is the probability that your resting heart rate is below 62 bpm? (Provide the answer to 4 decimal places)
Answer:

The correct answer is: 0.1587
Question 4
Not answered
Marked out of 1.00
What would you expect your heart rate to be if 15% of the recorded times, your heart rate is above that number? (Provide no decimals)
Answer:

The correct answer is: 68
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