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Guide for HBX CORe Final Examination

Quiz HBX CORe Final Examination

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/ 10

Quiz

1/10
Argument1
ABC Furniture Store recently hired a new salesperson and wished to examine how that affected the store's daily furniture sales. Prior to the new salesperson's hire, the store averaged $10,000 worth of sales per day with a standard deviation of $1,500. The store's manager took a random sample of 100 days after the salesperson's date of hire and found that the store averaged $11,500 worth of sales per day. Which of the following options would correctly calculate the 95% range of likely sample means for this hypothesis test? Note that the Excel function is: =CONFIDENCE.NORM(alpha, standard_dev, size)
Select the answer
1 correct answer
A.
= 10000 +- CONFIDENCE.NORM(0.05,1500,100)
B.
=11500 +- CONFIDENCE.NORM(0.05,1500,100)
C.
=10000 +- CONFIDENCE.NORM(0.025,1500,100)
D.
=11500 +- CONFIDENCE.NORM(0.025,1500,100)

Quiz

2/10
Argument2
Using the histogram below, how many companies have market capitalizations of more than $248 billion and up to and including $260 billion? Certification Exam HBX CORe Final Examination HBX HBX-CORe 119-3290230880 }
Select the answer
1 correct answer
A.
0
B.
2
C.
4
D.
6

Quiz

3/10
Argument3
After thorough market research, a company discovers that there are three well-defined customer segments for a new product it plans to release. Customer segment A represents young professionals, who each have a willingness to pay (WTP) of $45. Customer segment B represents college students, who each have a WTP of $25. Customer segment C represents mid-career professionals, who each have a WTP of $100. What price should the company charge for its new product in order to maximize revenues? Assume that each customer segment has the same number of individual customers.
Select the answer
1 correct answer
A.
$25
B.
$45
C.
$70
D.
$100

Quiz

4/10
Argument1
Topic 1, Business Analytic Exhibit: Certification Exam HBX CORe Final Examination HBX HBX-CORe 2-717116299 Based on the scatterplot below, which of the following correlation coefficients BEST describes the relationship between undergraduate GPA and beginning annual salary?
Select the answer
1 correct answer
A.
-0.9
B.
-0.2
C.
0.2
D.
0.9

Quiz

5/10
Argument2
Exhibit: Certification Exam HBX CORe Final Examination HBX HBX-CORe 10-2618545524 A recent graduate is interested in investing in a stock. This individual is particularly interested in retail companies and has been following two companies closely for the past year. In order to decide which stock to invest in, this individual decides to compare monthly returns for both companies over the past year. A table of descriptive statistics is given below. What can be said about Company A regarding risk and average returns in relation to Company B?
Select the answer
1 correct answer
A.
Company A has higher average monthly returns and is relatively more risky than Company B.
B.
Company A has higher average monthly returns and is relatively less risky than Company B.
C.
Company A has lower average monthly returns and is relatively more risky than Company B.
D.
Company A has lower average monthly returns and is relatively less risky than Company B.

Quiz

6/10
Argument3
On Valentine's Day, the price for a dozen roses typically rises 20 percent. What is the reason behind the increased price?
Select the answer
1 correct answer
A.
The price of vases falls.
B.
There is a shortage of roses.
C.
There is a network effect in the demand for roses.
D.
Consumers' willingness to pay increases.

Quiz

7/10
Argument0
A company owns an empty office building and is deciding how to use it next year. It would cost $100,000 to staff the office and $15,000 for equipment. The revenues would be $160,000. Meanwhile, it could rent the office to another company for $75,000 in revenues. In both cases, the company must pay $5,000 for the building's electricity. If the company is seeking to maximize its economic profit, which course should it pursue and what is the outcome?
Select the answer
1 correct answer
A.
Rent the office to another company, and earn $70,000 in economic profit.
B.
Rent the office to another company, and earn $30,000 in economic profit.
C.
Use the office, and earn $40,000 in economic profit.
D.
Rent the office, and earn $35,000 in economic profit.

Quiz

8/10
Argument1
Which of the following scenarios is an example of a Type I error?
Select the answer
1 correct answer
A.
A null hypothesis which is true is rejected.
B.
A null hypothesis which is true is not rejected.
C.
A null hypothesis which is false is rejected.
D.
A null hypothesis which is false is not rejected.

Quiz

9/10
Argument2
Which of the following options is an example of a biased question? (Select all that apply.)
Select the answer
2 correct answers
A.
Should the federal minimum wage be changed?
B.
What should the federal minimum wage be?
C.
Should Congress increase the federal minimum wage?
D.
Would it be better to replace the federal minimum wage with a living wage?
E.
Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?

Quiz

10/10
Argument3
On the way to purchase a shirt, a consumer realizes that the shirt is on sale for 20 percent off its original price. What is an outcome of this scenario?
Select the answer
1 correct answer
A.
The customer will capture more value from the purchase.
B.
The customer's willingness to pay for the shirt will fall.
C.
The customer will buy more shirts.
D.
The supplier will price the shirt below its willingness to sell.
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  • Quiz name:HBX CORe Final Examination
  • Total number of questions:263
  • Number of questions for the test:50
  • Pass score:80%

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