...Name: ______________________ BUAD 820 MID-TERM EXAM I There are a total of 5 questions. Question 1 is mandatory. Answer any, but only 3 of the remaining 4 questions. Question 1 (has 5 parts) 1 Consider the data shown in the scatter plot below. Which of the following statements is true about the correlation between X and Y. a) X and Y are mildly, positively correlated b) X and Y are perfectly, positively correlated c) X and Y are mildly, negatively correlated d) X and Y are perfectly, negatively correlated e) X and Y are not correlated OR From the information given, we cannot tell whether X and Y are correlated 2 Five students from the 2000 MBA class took jobs in rocket science after graduation. Four of these students reported their starting salaries: $95,000, $106,000, $106,000, $118,000. The fifth student did not report a starting salary. Can we determine the median salary for all five students in this case (Yes/No)? Justify your answer. If you answer yes, indicate the median value. 3 Seven students from 1998 MBA class took jobs in dot-com companies after graduation. Five of the seven students reported starting salaries of $55,000, $90,250, $90,250, $95,500 and $105,000. Based on this information, is it possible to determine the largest possible value for the median salary for all seven students (Yes/No – justify your choice)? If you answer yes, indicate the largest possible median value. 4 One...
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