BUSN 203 Exam 1 Questions and
Answers
Statistical inference - correct answer-The process of using data collected from a small
group to reach conclusions about a large group is called
D in DCOVA - correct answer-Define
C in DCOVA - correct answer-Collect
O in DCOVA - correct answer-Organize
V in DCOVA - correct answer-Visualize
A in DOCVA - correct answer-Analyze
Which of the following is a continuous quantitative (numerical) variable - correct answer-
The amount of milk in a 2-liter carton
To monitor campus security, the campus police office is taking a survey of the number
of students in a parking lot each 30 minutes of a 24-hour period with the goal of
determining when patrols of the lot would serve the most students. If X is the number of
students in the lot each period of time, then X is an example of - correct answer-a
discrete variable
Most analysts focus on the cost of tuition as the way to measure the cost of a college
education. But incidentals, such as textbook costs, are rarely considered. A researcher
at Drummand University wishes to estimate the textbook costs of first-year students at
Drummand. To do so, she monitored the textbook cost of 250 first-year students and
found that their average textbook cost was $600 per semester. Identify the population of
interest to the researcher. - correct answer-The textbook cost of first-year Drummand
University students
Managers need an understanding of statistics to be able to present and describe
information accurately, draw conclusions about large populations based on small
samples, improve processes, and make reliable forecasts. - correct answer-True
A professor computed the sample average exam score of 20 students and used it to
estimate the average exam score of the 1,500 students taking the exam. This is an
example of inferential statistics - correct answer-True
Answers
Statistical inference - correct answer-The process of using data collected from a small
group to reach conclusions about a large group is called
D in DCOVA - correct answer-Define
C in DCOVA - correct answer-Collect
O in DCOVA - correct answer-Organize
V in DCOVA - correct answer-Visualize
A in DOCVA - correct answer-Analyze
Which of the following is a continuous quantitative (numerical) variable - correct answer-
The amount of milk in a 2-liter carton
To monitor campus security, the campus police office is taking a survey of the number
of students in a parking lot each 30 minutes of a 24-hour period with the goal of
determining when patrols of the lot would serve the most students. If X is the number of
students in the lot each period of time, then X is an example of - correct answer-a
discrete variable
Most analysts focus on the cost of tuition as the way to measure the cost of a college
education. But incidentals, such as textbook costs, are rarely considered. A researcher
at Drummand University wishes to estimate the textbook costs of first-year students at
Drummand. To do so, she monitored the textbook cost of 250 first-year students and
found that their average textbook cost was $600 per semester. Identify the population of
interest to the researcher. - correct answer-The textbook cost of first-year Drummand
University students
Managers need an understanding of statistics to be able to present and describe
information accurately, draw conclusions about large populations based on small
samples, improve processes, and make reliable forecasts. - correct answer-True
A professor computed the sample average exam score of 20 students and used it to
estimate the average exam score of the 1,500 students taking the exam. This is an
example of inferential statistics - correct answer-True
