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Test Bank and Solutions For Modern Business Statistics with Microsoft® Excel® 7th Edition 7e By Anderson

Solution Manual, Test Bank, eBook For Modern Business Statistics with...

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Statistics for Business Control (STATUB103)

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New York University

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Which of the following is an example of quantitative data? a. the player’s number on a baseball uniform b. the serial number on a one-dollar bill c. the part number of an inventory item d. the number of people in a waiting line ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Which of the following is NOT an example of descriptive statistics? a. a histogram depicting the age distribution for 30 randomly selected students b. an estimate of the number of Alaska residents who have visited Canada c. a table summarizing the data collected in a sample of new-car buyers d. the proportion of mailed-out questionnaires that were returned ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Descriptive Statistics LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Which of the following is an example of categorical data? a. social security number b. score on a multiple-choice exam c. height, in meters, of a diving board d. number of square feet of carpet ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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The number of observations in a complete data set having 10 elements and 5 variables is _____. a. 5 b. 10 c. 25 d. 50 ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Facts and figures collected, analyzed, and summarized for presentation and interpretation are called _____. a. data b. variables c. elements d. variables and elements ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
The entities on which data are collected are _____. a. elements b. populations c. sets d. samples ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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In a data set, the number of observations will always be the same as the number of _____. a. variables b. elements c. data sets d. data ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Which of the following is NOT a scale of measurement? a. nominal b. ordinal c. interval d. categorica l ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
When the data are labels or names used to identify an attribute of the elements, the variable has which scale of measurement? a. nominal b. ordinal c. interval d. ratio ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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When the data are labels or names used to identify an attribute of the elements and the rank of the data is meaningful, the variable has which scale of measurement? a. nominal b. ordinal c. interval d. ratio ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
When the data have the properties of ordinal data and the interval between observations is expressed in terms of a fixed unit of measure, the variable has which scale of measurement? a. nominal b. ordinal c. interval d. ratio ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
When the data have the properties of interval data and the multiplication or division of two values is meaningful, the variable has which scale of measurement? a. nominal b. ordinal c. interval d. ratio ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Quantitative data _____. a. are always nonnumeric b. may be either numeric or nonnumeric c. are always numeric d. are always labels ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Categorical data _____. a. are always nonnumeric b. may be either numeric or nonnumeric c. are always numeric d. indicate either how much or how many ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
_____ analytics is the set of analytical techniques that yield a course of action. a. Descriptive b. Predictive c. Prescriptiv e d. Data ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Analytics LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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What organization developed the report, “Ethical Guidelines for Statistical Practice”? a. Ethics Committee for Statistical Practices b. American Statistical Association c. International Statistical Organization d. Federal Bureau for Ethical Practices in Statistics ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Ethical Guidelines for Statistical Practice LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Arithmetic operations are inappropriate for _____. a. categorical data b. quantitative data c. both categorical and quantitative data d. large data sets ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
In a questionnaire, respondents are asked to mark their gender as Male, Female, Transgender MtoF, Transgender FtoM, Non-binary, or Intersex. Gender is an example of a(n) _____ variable. a. categorical b. quantitative c. interval d. ratio ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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For ease of data entry into a university database, 1 denotes the student is enrolled in an undergraduate degree program, 2 indicates the student is enrolled in a master’s degree program, and 3 indicates the student is enrolled in a doctoral degree program. In this case, the data are which scale of measurement? a. nominal b. ordinal c. interval d. ratio ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Income is an example of _____. a. categorical data b. either categorical or quantitative data c. currency data d. quantitative data ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
The birth weight of newborns, measured in grams, is an example of _____. a. categorical data b. either categorical or quantitative data c. neither categorical nor quantitative data d. quantitative data ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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The graph below best exemplifies a _____.

(Graph courtesy of Robert Allison.)

a. bar graph b. time series graph c. cross-sectional graph d. line graph ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Data collected over several time periods are _____ data. a. time series b. time-controlled c. cross-sectional d. time dependent ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Statistical studies in which researchers do not control variables of interest are _____. a. experimental studies b. uncontrolled experimental studies c. not of any value d. observational studies ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data Sources LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Statistical studies in which researchers control variables of interest are _____ studies. a. experimental b. control observational c. non-experimental d. observational ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Data Sources LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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_____ analytics encompasses the set of analytical techniques that describe what has happened in the past. a. Descriptive b. Predictive c. Prescriptiv e d. Data ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Analytics LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Which of the following is NOT an example of an existing source of data? a. the Internet b. internal company records c. U. Census Bureau d. All of these are examples of existing sources of data. ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Data Sources LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Which of the following is NOT an example of a firm that sells or leases business database services to clients? a. Dun & Bradstreet b. Bloomberg c. U. Census Bureau d. Dow Jones and Company ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Data Sources LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Statistical inference _____. a. refers to the process of drawing inferences about the sample based on the characteristics of the population b. is the same as descriptive statistics c. is the process of drawing inferences about the population based on the information taken from the sample d. is the same as a census ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
The collection of all elements of interest in a study is _____. a. the population b. the sampling c. statistical inference d. descriptive statistics ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
A portion of the population selected to represent the population is called _____. a. statistical inference b. descriptive statistics c. a census d. a sample ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Of 800 students in a university, 360, or 45%, live in the dormitories. The 800 is an example of _____. a. a sample b. a population c. statistical inference d. descriptive statistics ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
In a sample of 800 students in a university, 160, or 20%, are Business majors. Based on the above information, the school's paper reported, "20% of all students at the university are Business majors." This report is an example of _____. a. a sample b. a population c. statistical inference d. descriptive statistics ANSWER: c POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Six hundred residents of a city are polled to obtain information on voting intentions in an upcoming city election. The 600 residents in this study is an example of a(n) _____. a. census b. sample c. observation d. population ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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The Department of Transportation of a city has noted that on the average there are 14 accidents per day. The average number of accidents is an example of _____. a. descriptive statistics b. statistical inference c. a sample d. a population ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Descriptive Statistics LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

Exhibit 1- In a recent study based upon an inspection of 200 homes in Daisy City, 120 were found to violate one or more city codes.

Refer to Exhibit 1-1. The city manager released a statement that 60% of Daisy City's 3,000 homes are in violation of city codes. The manager's statement is an example of _____. a. a census b. an experiment c. descriptive statistics d. statistical inference ANSWER: d POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Refer to Exhibit 1-1. The Daisy City study is an example of the use of a _____. a. census b. sample c. probability d. population ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge
Refer to Exhibit 1-1. The manager's statement that 60% of Daisy City's 3,000 homes are in violation of city codes is _____. a. an accurate statement b. only an approximation, since it is based upon sample information c. obviously wrong, since it is based upon a study of only 200 homes d. None of the other answers is correct. ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Statistical Inference LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

Exhibit 1- In a sample of 3,200 registered voters, 1,440, or 45%, approve of the way the president is doing his job.

Refer to Exhibit 1-2. The 45% approval is an example of _____. a. a sample b. descriptive statistics c. statistical inference d. a population ANSWER: b POINTS: 1 DIFFICULTY: Easy REFERENCES: Descriptive Statistics LEARNING OBJECTIVES: MBST.ASWC.18.01 - 1. NATIONAL STANDARDS: United States - Business Program: - Reflective Thinking KEYWORDS: Bloom's: Knowledge

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Test Bank and Solutions For Modern Business Statistics with Microsoft® Excel® 7th Edition 7e By Anderson

Course: Statistics for Business Control (STATUB103)

49 Documents

Students shared 49 documents in this course

University: New York University

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Chapter 01 - Data and Statistics

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1. Which of the following is an example of quantitative data?

a. the player’s number on a baseball uniform

b. the serial number on a one-dollar bill

c. the part number of an inventory item

d. the number of people in a waiting line

ANSWER: d

POINTS: 1

DIFFICULTY: Easy

REFERENCES: Data

LEARNING OBJECTIVES: MBST.ASWC.18.01.02 - 1.2

NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking

KEYWORDS: Bloom's: Knowledge

2. Which of the following is NOT an example of descriptive statistics?

a. a histogram depicting the age distribution for 30 randomly selected students

b. an estimate of the number of Alaska residents who have visited Canada

c. a table summarizing the data collected in a sample of new-car buyers

d. the proportion of mailed-out questionnaires that were returned

ANSWER: b

POINTS: 1

DIFFICULTY: Easy

REFERENCES: Descriptive Statistics

LEARNING OBJECTIVES: MBST.ASWC.18.01.04 - 1.4

NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking

KEYWORDS: Bloom's: Knowledge

3. Which of the following is an example of categorical data?

a. social security number

b. score on a multiple-choice exam

c. height, in meters, of a diving board

d. number of square feet of carpet

ANSWER: a

POINTS: 1

DIFFICULTY: Easy

REFERENCES: Data

LEARNING OBJECTIVES: MBST.ASWC.18.01.02 - 1.2

NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking

KEYWORDS: Bloom's: Knowledge

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