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NEW QUESTION: 1
A bell-shaped, symmetrical frequency distribution has a mean of 10. If 16% of the observations in the distribution are negative, what is the coefficient of variation of X?
A. 1.0
B. 0.1
C. 10.0
Answer: A
Explanation:
The fraction of observations which are less than zero equals 16% i.e. the fraction of observations which are less than (mean - 10) equals 16% (given). Since the distribution is symmetrical about the mean, this implies that the fraction of observations which are more than (mean + 10) also equals 16%. Thus, the fraction of the observations lying between 0 and 20 equals 1-0.16-0.16 = 0.68. For a bell-shaped, symmetrical frequency distribution, 68% of the observations lie within one standard deviation of the mean. Hence, the standard deviation of the distribution equals 10. The coefficient of variation is then equal to standard deviation/mean = 10/10 = 1.
NEW QUESTION: 2
You are the project manager of RTF project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows causal factors for an effect to be solved. What diagramming technique are you using as a part of the risk identification process?
A. Influence diagrams
B. Cause and effect diagrams
C. System or process flow charts
D. Predecessor and successor diagramming
Answer: B
NEW QUESTION: 3
Consider the following diagram:
Which answer most accurately interprets what the diagram indicates about the goal "Reduce Expense Ratio from 13% to 11% in 2012"?
A. The goal is similar to the three other goals
B. The goal is decomposed into three other goals
C. The goal will be achieved if at least one of the other three goals is achieved in 2012
D. The goal must be achieved before any of the other three goals is achieved
Answer: B