FAST Study Guide 2026
Everything you need to pass the FAST exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 FAST Exam Format at a Glance
📚 FAST Topics to Study (69)
✍️ Sample FAST Questions & Answers
1. Which of the following is the primary goal of the least squares method in regression?
OLS finds the line (or hyperplane) that minimizes the sum of squared differences between observed and predicted values.
2. A team of 4 workers completes a task in 6 days. How many days would it take 8 workers to complete the same task?
Doubling the workers halves the time, so 6 ÷ 2 = 3 days.
3. What does 'demand characteristics' refer to in an experiment?
Demand characteristics are cues in the experimental setting that hint at the study's purpose, causing participants to change their behavior to match perceived expectations.
4. What does a 95% confidence interval mean?
A 95% confidence interval means that the procedure used will capture the true parameter 95% of the time across repeated samples.
5. Which of the following is an important skill for analytical problem-solving?
Logical reasoning allows individuals to assess facts, identify patterns, and make well-informed decisions based on evidence.
6. A project budget of $150,000 was overspent by 12%. What was the actual expenditure?
Actual = $150,000 × 1.12 = $168,000.