Exam 1

1. Metainformation

   Tag	Value
   file	Descriptive-statistics_vufsw-z-score-1097-en_vufsw-z-score-1097-en
   name	vufsw-z-score-1097-en
   section	descriptive statistics/score interpretation/z-score
   type	schoice
   solution	FALSE, FALSE, FALSE, FALSE, TRUE, FALSE
   Type	performing analysis
   Program	calculator
   Language	English
   Level	statistical literacy

   Question

   A recently-graduated economist gets two job offers.

   He can get a job in the US with a monthly salary of $5.000. The mean salary in the US equals $3.300 and the standard deviation is $800. He can also get a job in Germany with a monthly salary of €4.000. In Germany, the mean salary amounts to €2.800 and the standard deviation to €500.

   In which country can he get the highest salary (compared to the mean salary in the country)? And how can you conclude this?

   
   
   1. FALSE: In the US, because the standard error of the offered salary is higher in the US than in Germany
   2. FALSE: In the US, because the z-score of the offered salary is higher in the US than in Germany
   3. FALSE: In the US, because the correlation coeffecient of the offered salary is higher in the US than in Germany
   4. FALSE: In Germany, because the standar error of the offered salary is higher in Germany than in the US
   5. TRUE: In Germany, because the z-score of the offered salary is higher in Germany than in the US.
   6. FALSE: In Germany, because the correlation coefficient of the offered salary is higher in Germany than in the US
   
   
   1. False
   2. False
   3. False
   4. False
   5. True
   6. False