Question 1

Statistics can be used to predict the business future.

Accepted Answer

A) True 
 B)False

Question 2

A new sales person is paid a commission on each sale.This person made $2,000 his first month on the job.From this he concludes that he will make $24,000 during his first year.This is an example of _______.

Accepted Answer

A)  inferential statistics
B)  nominal data
C)  descriptive statistics
D)  deferential statistics
E)  nonparametric statistics

Question 3

A marketing demographic survey is undertaken to determine the market potential for a new product.One of the questions asked is: What type of residence do you live in? Respondents are offered several possible answers including: house,apartment,or condominiums.In order to computerize the survey answers,the responses are coded as a 1 if the answer is "house",a 2 if the answer is an "apartment",and a 3 if the answer is a "condominium".These numbers,1,2,and 3,are examples of which level of data?

Accepted Answer

A)  Interval level
B)  Ordinal level
C)  Nominal level
D)  Ratio level
E)  Relative level

Question 4

On discovering an improperly adjusted drill press,Jack Joyner,Director of Quality Control,ordered an inspection of every fifth casting drilled during the evening shift.Jack is ordering a ___________________.

Accepted Answer

A)  statistic from the castings
B)  census of the castings
C)  sample of the castings
D)  sorting of the castings
E)  parameter of the castings

Question 5

Which of the following measurement processes is least likely to yield usable data?

Accepted Answer

A)  Counting the number of shoppers entering the department store between 12 pm and 2 pm.
B)  Studying cell phone bills and recording the number of text messages sent per month.
C)  Performing a consumer survey of preferences in fast food chains
D)  Asking students to list three things that are important to them.
E)  Calculating the percent of college students who work at least 20 hours while attending school.

Question 6

Which scale of measurement has these two properties: linear distance is meaningful and the location of origin (or zero point) is absolute (or natural) ?

Accepted Answer

A)  Interval level
B)  Ordinal level
C)  Nominal level
D)  Ratio level
E)  Relative level

Exam 1: Introduction to Statistics

A new sales person is paid a commission on each sale.This person made $2,000 his first month on the job.From this he concludes that he will make $24,000 during his first year.This is an example of _______.

Correct Answer
verified

On discovering an improperly adjusted drill press,Jack Joyner,Director of Quality Control,ordered an inspection of every fifth casting drilled during the evening shift.Jack is ordering a ___________________.

Correct Answer
verified

Which scale of measurement has these two properties: linear distance is meaningful and the location of origin (or zero point) is absolute (or natural) ?

Correct Answer
verified

Correct Answer
verified

Which of the following measurement processes is least likely to yield usable data?

Correct Answer
verified

Statistics can be used to predict the business future.

Correct Answer
verified

Exam 1: Introduction to Statistics

A new sales person is paid a commission on each sale.This person made $2,000 his first month on the job.From this he concludes that he will make $24,000 during his first year.This is an example of _______.

Correct AnswerverifiedShow Answer

On discovering an improperly adjusted drill press,Jack Joyner,Director of Quality Control,ordered an inspection of every fifth casting drilled during the evening shift.Jack is ordering a ___________________.

Correct AnswerverifiedShow Answer

Which scale of measurement has these two properties: linear distance is meaningful and the location of origin (or zero point) is absolute (or natural) ?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following measurement processes is least likely to yield usable data?

Correct AnswerverifiedShow Answer

Statistics can be used to predict the business future.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified