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Steve Herrod, Master's Degree

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Examination Number 501785RR Tools for Analysis 1. In the

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Examination Number 501785RR Tools for Analysis 1. In the event that a researcher conducting a program evaluation intentionally or unintentionally distorts the findings of a study, we are probably observing some kind of _______ bias. A. survivorship B. participant C. coincidental D. self-selection 2. What we call the sampling error is, simply, the _______ variation that results from taking a sample as opposed to studying the whole study population. A. improvident B. natural C. accidental D. incidental 3. In a multiple regression analysis, we find that two of the independent variables are so tightly correlated that the unique influence of either variable can't be determined. What is the name for this common regression analysis error? A. Multicollinearity B. Endogeneity C. Data mining D. Intervariable bias 4. A type I error occurs when A. both the alternate hypotheses are rejected due to an absence of data. B. the null hypothesis is rejected even though it is true. C. the null hypothesis is accepted even though it is false. D. the alternate hypothesis is rejected even though it is true. 5. Which of the following best describes a Type II error? A. This occurs when the null hypothesis is accepted because it is true B. This occurs when the null hypothesis is accepted even though it is false C. This occurs when the null hypothesis is rejected even though it is true D. This occurs when the null hypothesis is accepted even though it is false 6. In the general formula FV = PV(1 + r)n, in monetary terms, what does PV stand for? A. Probable value B. Predicted values C. Potential value D. Present value 7. In the context of interpreting the results of a multiple regression analysis, which statement is true? A. The statistical significance of a regression analysis outcome can't be calculated accurately. B. If the sign of an independent variable is "+," its correlation with the dependent variable will be negative. C. If the sign of an independent variable is "+," its correlation with the dependent variable will be positive. D. As the sample size increases, the size of the standard error will also increase. 8. The Zee Company wants to see how customers feel about their lawn care product. They select a sample from their customer records and send each of them a survey. They promise a $50 gift certificate in exchange for filling out and returning the survey. Company Z won't be able to gather a representative sample in this manner because it will be tainted by a _______ bias. A. selection B. self-selection C. opportunity cost D. positive-selection 9. In a bivariate regression analysis, the _______ of the regression line is the change in y generated by every change in x. A. fit B. residual C. slope D. intercept 10. In multivariate regression analysis, the degrees of freedom are a function of the amount of data on which the results are based. Therefore, where degrees of freedom = n – k – 1, the expression k will stand for the number of A. independent variables in the equation minus the dependent variable. B. independent variables in the equation. C. variables in the equation. D. observations. 11. In the context of cost-benefit analysis, a selected _______ discount rate will have the most profound effects on costs and benefits projected for the distant future. A. public B. social C. marginal D. private-sector 12. An insurance company can use the formula for calculating expected value to establish expected _______ on 10,000 home insurance policies, thus allowing them to calculate _______ fair premium prices. A. gain; actuarially B. loss; monetarily C. loss; actuarially D. gain; monetarily 13. The _____ id the midpoint in a distribution of numbers when they are organized in increasing or decreasing order. A. decile B. mean C. median D. outlier 14. Imagine that we are using multivariate analysis to assess the outcome of a drug-use prevention program. If we lay out our regression equation properly, the coefficient on our _______ dummy variable should measure the relationship between people who participated in our antidrug program and those who didn't. A. control B. explanatory C. affiliation D. treatment 15. In the context of hypothesis testing, the proposition we wish to test is stated as the _______ hypothesis A. experimental B. control C. alternative D. null 16. The process of assigning a/an _______ cost to resources with no obvious market price will employ some form of shadow pricing. A. advantage B. monetized C. social D. opportunity cost