What This Document Is
This document contains a set of sample multiple-choice and free-response questions designed to help students prepare for the first exam in Indiana University’s Statistical Analysis for Business & Economics (ECON E370) course. It covers material from chapters 1 through 3 of the course textbook. The exam itself will consist of approximately 23 multiple-choice questions, alongside a smaller number of free-response questions.
Why This Document Matters
This sample exam is a crucial resource for students enrolled in ECON E370. It allows students to assess their understanding of key concepts *before* the actual exam, identify areas where further study is needed, and become familiar with the types of questions they can expect. It’s intended for use in the weeks leading up to the October 3rd exam date. Students will be permitted to use any type of calculator during the exam, but no other external aids are allowed.
Common Limitations or Challenges
This document provides practice questions, but it is not a substitute for attending lectures, completing assigned readings, or fully understanding the course material. The actual exam may contain questions that differ in wording or focus from those presented here. This is a *sample* and does not guarantee coverage of every topic on the exam.
What This Document Provides
The full document includes:
* Sample questions testing identification of data types (qualitative/quantitative) and levels of measurement.
* Questions differentiating between time series and cross-sectional data.
* Questions distinguishing between descriptive and inferential statistics.
* Practice problems involving calculating mean, median, mode, and range.
* Exercises on calculating and interpreting z-scores.
* An example of descriptive statistics output (similar to what might be seen in Excel).
This preview *does not* include solutions to the sample questions, nor does it provide detailed explanations of the statistical concepts involved. It also does not include the formula sheet that will be provided during the actual exam.