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Test Bank For Business Statistics, 4th Edition by Norean R. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright, All Chapters

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Test Bank For Business Statistics, 4th Edition by Norean R. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright, All Chapters. PART I: EXPLORING AND COLLECTING DATA Data and Decisions (H&M) Visualizing and Describing Categorical Data (Dalia Research) Describing, Displaying, and Visualizing Quantitative Data (AIG) Correlation and Linear Regression (Z) PART II: MODELING AND PROBABILITY Randomness and Probability (Credit Reports, the Fair Isaacs Corporation, and Equifax) Random Variables and Probability Models (Metropolitan Life Insurance Company) The Normal and Other Continuous Distributions (The NYSE) PART III: GATHERING DATA Data Sources: Observational Studies and Surveys (Roper Polls) Data Sources: Experiments (Capital One) PART IV: INFERENCE FOR DECISION MAKING Sampling Distributions and Confidence Intervals for Proportions (Marketing Credit Cards: The MBNA Story) Confidence Intervals for Means (Guinness & Co.) Testing Hypotheses (Casting Ingots) More About Tests and Intervals (Traveler’s Insurance) Comparing Two Means (Visa Global Organization) Inference for Counts: Chi-Square Tests (SAC Capital) PART V: MODELS FOR DECISION MAKING Inference for Regression (Nambé Mills) Understanding Residuals (Kellogg’s) Multiple Regression (Z) Building Multiple Regression Models (Bolliger and Mabillard) Time Series Analysis (Whole Foods Market®) PART VI: ANALYTICS Introduction to Big Data and Data Mining (Paralyzed Veterans of America) PART VII: ONLINE TOPICS Quality Control (Sony) Nonparametric Methods (i4cp) Decision Making and Risk (Data Description, Inc.) Analysis of Experiments and Observational Studies

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Business Statistics
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October 21, 2024
Number of pages
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Written in
2024/2025
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ONLINE TEST BANK & RESOURCE GUIDE
FOR BUSINESS STATISTICS
DIRK TEMPELAAR
R
Maastricht University
E U
BUSINESS STATISTICS
S S
4TH EDITION
I
O
N
NOREAN R. SHARPE
N
St. John’s University
O
RICHARD D. DE VEAUX
C
Williams College
D
PAUL F. VELLEMAN
E
Cornell University
M

,Chapter 1: Data and Decisions – Quiz A Name_________________________

1.4 Data Sources: Where, How, and When
R
1. Viamedia, the cable industry's leading independent cable rep firm and provider of
online advertising services, sponsored an online survey in June, 2013 to understand
television viewing habits. The survey was given to 2,029 American adults age 18 and
U
older, of whom 1,958 watch television programming. Of interest was how Americans
watched television –72% watch cable TV while 33% watch on a device (tablet,
smartphone, computer). Describe the W’s for the information given.
E
• Who:
• What:
• When:
S
• Where:
• How:
S
• Why:

1.3 Variable Types.
I
2. The following tables display some of the demographic data collected in a recent
O
(2012) Nielsen Global Survey analyzing Asian American purchasing behaviors and
television viewing patterns. List the variables in the data set. Indicate whether each
variable is categorical or quantitative. If the variable is quantitative, give the units.
N
Income % Total % Asian- Age % Total % Asian-
Ranges U.S. American Distribution U.S. American
N
Households Households Households Households
< $25,000 24% 20% 0–9 13% 12%
O
$25,000–
11% 8% 10–17 11% 10%
$34,999
$35,000–
16% 13% 18–24 10% 10%
C
$49,999
$50,000–
20% 18% 25–34 13% 16%
$74,999
D
$75,000–
12% 14% 45–54 14% 14%
$99,999
$100,000+ 18% 29% 55–74 20% 14%
E
75+ 6% 04%
Composition of % Composition
M
Asian-Americans
Asian-Indian 19%
Vietnamese 11%
Chinese 23%
Korean 10%
Filipino 17%
Japanese 5%
Other Asian 15%
1-1
Copyright © 2019 Pearson Education, Inc.

,1-2 Chapter 1 Data and Decisions


1.3 Variable Types.
3. In addition to the variables listed above, data were also collected on the variables
listed below. Indicate whether each is nominal or ordinal.
R
• Region of U.S. (NE, NW, MW, SW, SE)
• Education (Less than High School, High School, Some College, College +)
U
• Marital Status (Single, Widowed, Divorced, Married)

1.3 Variable Types.
E
4. For each of the following, indicate whether the data are cross-sectional or time series:

• Monthly spending on household goods
S
• Change in population for 5 consecutive years
• Percentage of adults who bank online
S
• Composition of types of Asian American families in the most populated U.S.
cities.
• Monthly demand for a technology item
I
• Percentage of adults who purchase goods online
O
N
N
O
C
E D
M

Copyright © 2019 Pearson Education, Inc.

, Quiz A 1-3


Chapter 1: Data and Decisions – Quiz A – Key

1. Viamedia, the cable industry's leading independent cable rep firm and provider of
R
online advertising services, sponsored an online survey in June, 2013 to understand
television viewing habits. The survey was given to 2,029 American adults age 18 and
older, of whom 1,958 watch television programming. Of interest was how Americans
U
watched television –72% watch cable TV while 33% watch on a device (tablet,
smartphone, computer). Describe the W’s for the information given.
E
• Who:
American adults aged 18 and older
S
• What:
Television viewing
S
• When:
June 2013
I
O
• Where:
United States
N
• How:
Online survey
N
• Why:
to analyze how Americans watch television
O
C
E D
M

Copyright © 2019 Pearson Education, Inc.
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