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3.

If the linear relationship between two variables is


negative:
a) The intercept term is zero.
b) Multiple R is negative and significantly different
from zero.
c) 95% confidence interval limits for the slope of the
regression line are negative.
d) 95% confidence interval limits of the intercept
term are negative. (0.5p)

4. Which statement is correct?


a) normal distribution has zero mean and variance equal to
one only for nonnumeric variables;
b) If the calculated value of the test z is greater than the
critical value then the null hypothes is rejected in the case
of a upper-tail test;
c) F-test is used to test the significance of the mean of a
normal population for a small volume sample;
d) Standard normal distribution has mean zero and
variance equal to one.(0.5p)

5. An economist analyzes salaries in different departments. In a preliminary study, he selects a stratified random
sample of size 120 employees of a total of 1,250 employees of the three departments: Sales, Marketing and IT,
recording each salary . After processing the data, the results are presented in the following table: (2p)
Department
Sales
Marketing
IT

Number of
employees
35
45
40

Sum(monetary units)
24150
28800
31600

Std. Dev
151
160
200

a) Estimate the confidence interval of mean salary of a employee from total population, in the hypothesis of a
sampling without replacement and with a confidence level of 95% (z = 1,96);
b) At the .05 significance level, are there significant differences between mean wages of employees in the
three departments? (critical value:3.07).
6. The airline tickets sold by a travel agency during the period May 2014 December 2014
(2 p)
Month
Number of sold tickets

May
195

Jun
180

Jul.
200

Aug.
224

Sept. Oct.
242
240

Nov.
245

Dec.
252

a) Please identify the type of the time series and make a graphical analysis of the number of sold tickets (0,5p)
b) Please conduct an analysis of the given time series using the average indicators. (0,5p)
c) Adjust the values of the time series (the trend component) using the regression method and forecast the values
for the next two months (1, 0 p).
7. A real estate agent wants to determine the relationship between the price of the apartment and its area. He
considers that by using such an analysis he will improve his future activity. Using the data for the latest 12
apartments that were sold and the Microsoft Excel software (assuming a linear relationship between the above
mentioned phenomena and a 5% Significance level) he obtains the following output: (3 p)
Regression Statistics
Multiple R
......
R Square
0,914
Adjusted R Square
0,906
Standard Error
.
Observations
.
ANOVA
df
Regression
Residual
Total

SS
MS
.
................
.
.......
............ 392228,0646
.. 4558010,852

F
.

Significance
F
0,000001

Intercept
Area (sq. m.)

Coefficient
s
.
14,195

Standard Error
151,016
1,370

t Stat
2,259
.

P-value
0,052
0,0000011

Lower
95%
-3,922
.

Upper
95%
...............
17,24736

a) Compute the missing information (tcritic=2,228).


(1,0 p)
b) Specify the employed regression model and analyze if the model is valid or not; (1,0 p)
c) Test the significance of the parameters of the proposed model and briefly explain their confidence intervals
(0,5 p)
d) Analyze the direction and the strength of the correlation between the two variables and estimate, using the
identified model the selling price of an apartment with an area of 72 sq. m.
(0,5 p)

1. In the process of hypothesis testing, type II error


can occur by:
a) accepting the null hypothesis when it is true;
b) accepting the alternative hypothesis when it is
false;
c) rejecting the null hypothesis when it is true;

2. In a linear regression model between two variables


Y a b X , the slope has the following meaning:
a. shows the percentage change in Y if X changes by a unit
of measurement;
b. is positive in the case of a linear relationship between the
variables;

d) eliminating the alternative hypothesis when it is


false;
e) has the same meaning as the second error type.
(0,5 p)

3. Determine the appropriate sample size used in


the estimation of average age of the 1,500 company
employees, within 0.5 years with 95%
confidence(z=1.96). A simple random sample
without replacement was taken and from previous
research it is known that the standard deviation of
age is 3.5 years. (0.5p)

c. is positive or negative, depending on the intensity of the


relationship;
d. estimated change in the average value of y as a result of
a one-unit change in x.
e. has a value close to 1 if a strong relationship between
variables.
(0,5p)
4. A grocery store manager appreciates that the average
amount spent by shoppers in the store is 50 lei. To test this
claim, he selects a random sample of 80 customers who are
asked to say how much they spent. The results show that the
total amount spent by all 80 buyers was 4150 lei,
80

x 2 =1800. There is sufficient evidence to support

i 1

the managers claim for a significance level of 5%?


( critical value is 1.645).(0.5p)
5. An auditor analyses the stock of printers in an ERP company for the last 7 months. This information is presented
in the following table: (2.0 pts)
Month
Printers

1
150

2
152

3
165

4
163

5
172

6
170

7
168

a) Specify the series type and build the appropriate chart (0.5p)
b) Characterize the evolution of printers stock using relative indicators (0.5p).
c) Estimate the values of trend component using the analytical method and forecast the evolution of the stock
for the next 3 months (1.0 p).
6. We have the following information regarding the size of 350 companies and their advertising expenditure for the
year 2014:
(2.0 pct)
Groups

Count

Small companies
Medium companies
Big companies

100
130
120

Average yearly expenditure


(thousands of Euro)
15
18
27

Variance
36
29
64

a) Knowing the data were collected using a stratified sampling procedure without replacement ( the sample
represents 5% of the entire collectivity), please estimate the average expenditure with advertising of a
company from the general population and also the total advertising expenditures of the entire population,
using a confidence interval and a confidence level of 95% (z=1,96);
b) Using the ANOVA analysis decide if there are significant statistical differences between the average
expenditure with advertising of the three type of companies (critical value: 3, 02).
7. For 19 employees we have collected the following data: number of years of experience and the number of daily
produced objects. Using Microsoft Excel and assuming that between the two variables we have a linear relationship
we have obtained the following output (Significance level 5%):
(3.0 pct)
Regression Statistics
Multiple R
.
R Square
0,740267
Adjusted R
Square
0,703163
Standard Error
.

Observations

......

ANOVA
df
Regression
Residual
Total

.
.
.

Intercept
Years of experience

SS
739,9384
.
.

MS

.
37,08817

Coefficient
s
.
1,6659864

Significance
F
0,00291271

Standard
Error
t Stat
P-value
5,908839 13,95131 0,0000023
4,466631 0,00291271

Lower
95%
.
.

Upper 95%
.
.

a) Compute the missing information (tcritic=2.11); (1.0 pct)


b) Specify the employed regression model and analyze if the model is valid or not; (1.0 pct)
c) Test the significance of the parameters of the proposed model and briefly explain their confidence intervals; (0.5
pct)
d) Analyze the direction and the strength of the correlation between the two variables and estimate, using the
identified model the productivity for an employee with 20 years of experience; (0.5 pct)

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