Test Bank for Business Statistics: For
Contemporary Decision Making 11th
Edition by Ken Black
,Test Bank for Business Statistics: For Contemporary Decision Making 11th
Edition by Ken Black|9781119905448| All Chapters| LATEST
File: Ch01, Chapter 1: Introduction To Statistics
True/False
1. Virtually All Areas Of Business Use Statistics In Decision
Making. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
2. Statistics Can Be Used To Predict The Business
Future. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
3. Statistics Are Used To Market
Vitamins. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
4. A List Of Final Grades In An Introductory Class In Business Is An Example Of
Statistics Ans: False
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
5. The Complete Collection Of All Entities Under Study Is Called The
Sample. Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
6. A Portion Or Subset Of The Entities Under Study Is Called The
Statistic. Ans: False
,Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
, 7. A Descriptive Measure Of The Population Is Called A
Parameter. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
8. A Census Is The Process Of Gathering Data On All The Entities In The
Population. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
9. Statistics Is Commonly Divided Into Two Branches Called Descriptive Statistics And Summary
Statistics. Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
10. A Descriptive Measure Of The Sample Is Called A
Statistic. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
11. Gathering Data From A Sample To Reach Conclusions About The Population From Which The
Sample Was Drawn Is Called Descriptive Statistics.
Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Medium
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
12. Calculation Of Population Parameters Is Usually Either Impossible Or Excessively Time Consuming
And Costly.
Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
Contemporary Decision Making 11th
Edition by Ken Black
,Test Bank for Business Statistics: For Contemporary Decision Making 11th
Edition by Ken Black|9781119905448| All Chapters| LATEST
File: Ch01, Chapter 1: Introduction To Statistics
True/False
1. Virtually All Areas Of Business Use Statistics In Decision
Making. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
2. Statistics Can Be Used To Predict The Business
Future. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
3. Statistics Are Used To Market
Vitamins. Ans: True
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
4. A List Of Final Grades In An Introductory Class In Business Is An Example Of
Statistics Ans: False
Response: See Section 1.1, Statistics In Business
Difficulty: Easy
Learning Objective: 1.1: List Quantitative And Graphical Examples Of Statistics Within A Business
Context.
5. The Complete Collection Of All Entities Under Study Is Called The
Sample. Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
6. A Portion Or Subset Of The Entities Under Study Is Called The
Statistic. Ans: False
,Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
, 7. A Descriptive Measure Of The Population Is Called A
Parameter. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
8. A Census Is The Process Of Gathering Data On All The Entities In The
Population. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
9. Statistics Is Commonly Divided Into Two Branches Called Descriptive Statistics And Summary
Statistics. Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
10. A Descriptive Measure Of The Sample Is Called A
Statistic. Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
11. Gathering Data From A Sample To Reach Conclusions About The Population From Which The
Sample Was Drawn Is Called Descriptive Statistics.
Ans: False
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Medium
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
12. Calculation Of Population Parameters Is Usually Either Impossible Or Excessively Time Consuming
And Costly.
Ans: True
Response: See Section 1.2, Basic Statistical Concepts
Difficulty: Easy
Learning Objective: 1.2: Define Important Statistical Terms, Including Population, Sample, And Parameter,
As They Relate To Descriptive And Inferential Statistics.
