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NO.1 A manager learns that the government is planning to add an excise tax on the product the
company sells. After researching, the manager expects that total expenditures for the good will rise.
Of the following goods, which does the company MOST likely sell?
A. Ice cream
B. Milk
C. Leather handbags
D. Raspberries
Answer: B
CORe Test Questions
NO.2 A doctor wants to predict the probability that a woman develops breast cancer based on her
age, race, and diet. Which of the following statistical tools is the MOST suitable for this study?
A. Conduct a two-sample hypothesis test
B. Construct confidence intervals
C. Perform a multiple linear regression analysis
D. Conduct a one-sample hypothesis test
Answer: C
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