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Exam (elaborations)

Contemporary Business Statistics with Microsoft, Williams - Complete test bank - exam questions - quizzes (updated 2022)

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Description: - In the file you can find extensive number of exam questions. - Supports multiple editions (newer and older) - Different difficulty levels ranging from easy to extremely difficult - The whole book is covered (All chapters) - Questions you can expect to see: Multiple choice questions, Problem solving, essays, Fill in the blanks, and True/False. - This test bank is a great tool to get ready for your upcoming exam. *** If you have any questions or special request feel free to send a private message

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Uploaded on
February 22, 2022
Number of pages
891
Written in
2021/2022
Type
Exam (elaborations)
Contains
Questions & answers

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CHAPTER ONE



DATA AND STATISTICS




MULTIPLE CHOICE QUESTIONS


In the following multiple choice questions, circle the correct answer.



1. Facts and figures that are collected, analyzed and summarized for presentation and
interpretation are

a. data

b. variables

c. elements

d. Both variables and elements are correct.

ANSWER: a



2. The entities on which data are collected are

a. elements

b. populations

c. sets

d. samples

ANSWER: a



3. The set of measurements collected for a particular element is (are) called

a. census

, b. variables

c. observations

d. samples

ANSWER: c



4. A characteristic of interest for the elements is called a(n)

a. sample

b. data set

c. variable

d. observation

ANSWER: c



5. All the data collected in a particular study are referred to as the

a. census

b. inference

c. variable

d. data set

ANSWER: d



6. In a data set, the number of observations will always be the same as the number of

a. variables

b. elements

c. data sets

d. data

ANSWER: b

, 7. Which of the following is NOT a scale of measurement?

a. nominal

b. ordinal

c. interval

d. All of these are scales of measurement.

ANSWER: d


8. When the data are labels or names used to identify an attribute of the elements, the
variable has which scale of measurement?

a. nominal

b. ordinal

c. interval

d. ratio

ANSWER: a


9. When the data are labels or names used to identify an attribute of the elements and the
rank of the data is meaningful, the variable has which scale of measurement?

a. nominal

b. ordinal

c. interval

d. ratio

ANSWER: b


10. When the data have the properties of ordinal data and the interval between observations is
expressed in terms of a fixed unit of measure, the variable has which scale of
measurement?

a. nominal

b. ordinal

c. interval

, d. ratio

ANSWER: c



11. When the data have the properties of interval data and the ratio of two values is
meaningful, the variable has which scale of measurement?

a. nominal

b. ordinal

c. interval

d. ratio

ANSWER: d


12. Which scale of measurement can be either numeric or nonnumeric?

a. nominal

b. ordinal

c. interval

d. nominal and ordinal

ANSWER: d


13. Which of the following variables use the interval scale of measurement?

a. name of stock exchange

b. time

c. SAT scores

d. Social Security number

ANSWER: c


14. Which of the following variables use the ratio scale of measurement?

a. name of stock exchange

b. time

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