DR. GRAMLING BUAL 2600 FINAL EXAM | 144 QUESTIONS
AND ANSWERS | WITH COMPLETE SOLUTION.
A commercial shipping company operates a large fleet of trucks. The company
needs to collect data on vehicle usage including acceleration, braking, and
vehicle maintenance such as fluid levels. The datasourcing method needed to
collect the data for this scenerio is Answer - sensor
The dollar amount on an accounts receivable invoice. Answer - quantitative
The net profit for a company in 2017. Answer - quantitative
The stock exchange on which a company's stock is traded. Answer - qualitative
The national debt of the United States in 2017. Answer - quantitative
The advertising medium (radio, television, or print) used to promote a product.
Answer - qualitative
T/F. A quantitative variable can also be referred to as a categorical variable.
Answer - false
A(n) ________ variable is a qualitative variable such that there is no meaningful
ordering or ranking of the categories. Answer - nominal
, An identification of police officers by rank would represent a(n) ________ level
of measurement. Answer - ordinal
A doctor's office needs to know how many of their services are used by their
patients during a one year time period. Before a patient leaves their office, a
summary report includes the date, the doctor they saw, the services provided,
and the total charge for each service. Which of the following dataourcing
methods best describes this data collection scenario? Answer - Point of Sale
A person's telephone area code is an example of a(n) ________ variable.
Answer - nominal
A(n) ________ variable can have values that indicate into which of several
categories of a population it belongs. Answer - qualitative
T/F. Business analytics is a new field that does not use traditional statistics to
analyze big data. Answer - false, it does use traditional statistics
T/F. An example of a qualitative variable is the mileage of a car. Answer - False,
quantitative
Ordinal/Nominal. Statistics course letter grade Answer - ordinal
ordinal/nominal. Door choice on Let's Make A Deal Answer - nominal
ordinal/nominal. Television show classifications (PG, PG-13) Answer - ordinal
ordinal/nominal. Personal computer ownership (yes/no) Answer - nominal
AND ANSWERS | WITH COMPLETE SOLUTION.
A commercial shipping company operates a large fleet of trucks. The company
needs to collect data on vehicle usage including acceleration, braking, and
vehicle maintenance such as fluid levels. The datasourcing method needed to
collect the data for this scenerio is Answer - sensor
The dollar amount on an accounts receivable invoice. Answer - quantitative
The net profit for a company in 2017. Answer - quantitative
The stock exchange on which a company's stock is traded. Answer - qualitative
The national debt of the United States in 2017. Answer - quantitative
The advertising medium (radio, television, or print) used to promote a product.
Answer - qualitative
T/F. A quantitative variable can also be referred to as a categorical variable.
Answer - false
A(n) ________ variable is a qualitative variable such that there is no meaningful
ordering or ranking of the categories. Answer - nominal
, An identification of police officers by rank would represent a(n) ________ level
of measurement. Answer - ordinal
A doctor's office needs to know how many of their services are used by their
patients during a one year time period. Before a patient leaves their office, a
summary report includes the date, the doctor they saw, the services provided,
and the total charge for each service. Which of the following dataourcing
methods best describes this data collection scenario? Answer - Point of Sale
A person's telephone area code is an example of a(n) ________ variable.
Answer - nominal
A(n) ________ variable can have values that indicate into which of several
categories of a population it belongs. Answer - qualitative
T/F. Business analytics is a new field that does not use traditional statistics to
analyze big data. Answer - false, it does use traditional statistics
T/F. An example of a qualitative variable is the mileage of a car. Answer - False,
quantitative
Ordinal/Nominal. Statistics course letter grade Answer - ordinal
ordinal/nominal. Door choice on Let's Make A Deal Answer - nominal
ordinal/nominal. Television show classifications (PG, PG-13) Answer - ordinal
ordinal/nominal. Personal computer ownership (yes/no) Answer - nominal
