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Enhance Your Learning Experience with the High-Quality [Basic Statistics for Business _ Economics,Lind,8e] Test Bank

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Uploaded on
July 11, 2023
Number of pages
2197
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

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Chapter 01


What Is Statistics?



True / False Questions




1. A population is a collection of all individuals, objects, or measurements of
interest.


True False


2. Statistics are used as a basis for making decisions.


True False


3. A listing of 100 family annual incomes is an example of statistics.


True False


4. The average number of passengers on commercial flights between
Chicago and New York City is an example of a statistic.


True False

,5. Statistics are used to report the summary results of market surveys.


True False


6. A sample is a portion or part of the population of interest.


True False


7. To infer something about a population, we usually take a sample from the
population.


True False


8. Descriptive statistics are used to find out something about a population
based on a sample.


True False


9. There are four levels of measurement: qualitative, quantitative, discrete,
and continuous.


True False


10. The ordinal level of measurement is considered the "lowest" level of
measurement.


True False

,11. A store asks shoppers for their zip code to identify market areas. Zip codes
are an example of ratio data.


True False


12. An ordinal level of measurement implies some sort of ranking.


True False


13. Data measured on a nominal scale can only be classified into categories.


True False


14. The terms descriptive statistics and inferential statistics can be used
interchangeably.


True False


15. A marketing research agency was hired to test a new DVD player.
Consumers rated it outstanding, very good, fair, or poor. The level of
measurement for this experiment is ordinal.


True False

, 16. The Union of Electrical Workers of America with 9,128 members polled 362
members about a new wage package that will be submitted to
management. The population is the 362 members.


True False


17. The CIA World Factbook cited these numbers for the United States:


• The birthrate is 14.14 births per 1,000 population.
• The average life expectancy for females is 80 years.
• Approximately 290 million persons reside in the United States.


Each of these numbers is referred to as a statistic.


True False


18. If we select 100 persons from 25,000 registered voters and question them
about candidates and issues, the 100 persons are referred to as the
population.


True False


19. Statistics is defined as a body of techniques used to facilitate the
collection, organization, presentation, analysis, and interpretation of
information for the purpose of making better decisions.


True False

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