Business Statistics Test Bank

Chapter 3: Displaying and Describing Quantitative Data – Quiz A Name_________________________ 3.1.1 Find summary statistics; create displays; describe distributions; determine appropriate measures. 1. Following is a histogram of salaries (in $) for a sample of U.S. marketing managers. Comment on the shape of the distribution. 12 10 8 6 4 2 0 60000 Mktg Manager Salaries 120000 Histogram of Mktg Manager Salaries 3.7.1 Find summary statistics; create displays; des...

File: ch03, Chapter 3: Descriptive Statistics True/False 1. Statistical measures used to yield information about the center or the middle parts of a group of numbers are called the measures of central tendency. Ans: True Response: See section 3.1 Measures of Central Tendency: Ungrouped Data Difficulty: Easy Learning Objective: 3.1: Apply various measures of central tendency—including the mean, median, and mode—to a set of ungrouped data. 2. The most appropriate measure ...

Chapter 03 Test Bank - Static KEY 1. The median is the measure of central tendency that divides a population or sample into four equal parts. FALSE The median divides a population into two equal parts. AACSB: Reflective Thinking Blooms: Remember Difficulty: 1 Easy Learning Objective: 03-01 Compute and interpret the mean, median, and mode. Topic: Describing Central Tendency 2. The population mean is the average of the population measurements. TRUE AACSB: Reflective Thinking B...