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Date: ______________
University of Belize
MATH 2025 Business Statistics Sect. _____
Test I
1. [3x10=30 points] Mark the following as True (T) or False (F) to the right of each statement.
e. The range, (L.V. S.V.), cannot be used to determine an approximate range for standard
deviation. ( )
i. A z-score of two indicates a value for x that is two standard deviations above the sample
mean. ( )
1
2. The total annual compensation for a board member of the nations 100 biggest public companies
is based in part on the cash retainer, an annual payment for serving on the board. In addition to
the cash retainer, a board member may receive a stock retainer, a stock grant, a stock option, and
a fee for attending board meetings. The total compensation can easily exceed $100,000 even
with an annual retainer as low as $15,000. The following data show the cash retainer for a
sample of 15 of the nations biggest public companies.
American Express 64
Bank of America 36
Boeing 26
Chevron 35
Dell Computer 40
DuPont 35
ExxonMobil 40
Ford Motor 30
General Motors 60
International Paper 36
Kroger 28
Lucent Technology 50
Motorola 20
Sears Roebuck 30
Texaco 15
Compute the following descriptive statistics a to d, and answer questions e to g. [10 points each]