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Get Ahead in 2023 with the [Essentials of Statistics for Business and Economics,Anderson,7e] Test Bank

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The Test Bank for [Essentials of Statistics for Business and Economics,Anderson,7e] is your ultimate ally for exam preparation. Offering practice exam questions based on official exams and providing detailed answers, it is designed to enhance your understanding and performance. Here's to acing your exams in !

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Uploaded on
August 7, 2023
Number of pages
934
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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Multiple Choice
1. Methods for developing useful decision-making information from large data bases is known as
a. data manipulation
b. data monitoring
c. data base conversion
d. data mining


ANSWER: d




2. The process of capturing, storing, and maintaining data is known as
a. data manipulation
b. data monitoring
c. data warehousing
d. category analysis


ANSWER: c



3. The subject of data mining deals with

a. methods for developing useful decision-making information from large data bases
b. keeping data secure so that unauthorized individuals cannot access the data
c. computational procedure for data analysis
d. computing the average for data


ANSWER: a



4. In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of the
a. ordinal scale
b. nominal scale
c. ratio scale
d. interval scale

, ANSWER: b



5. The nominal scale of measurement has the properties of the
a. ordinal scale
b. only interval scale
c. ratio scale
d. None of these alternatives is correct.


ANSWER: d

,6. The scale of measurement that is used to rank order the observation for a variable is called the
a. ratio scale
b. ordinal scale
c. nominal scale
d. interval scale


ANSWER: b



7. Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an
example of the
a. ordinal scale
b. ratio scale
c. nominal scale
d. interval scale


ANSWER: a



8. The ordinal scale of measurement has the properties of the
a. ratio scale
b. interval scale
c. nominal scale
d. ratio and interval scales


ANSWER: c



9. The ratio scale of measurement has the properties of
a. only the ordinal scale
b. only the nominal scale
c. the rank scale
d. the interval scale


ANSWER: d

, 10. Temperature is an example of a variable that uses
a. the ratio scale
b. the interval scale
c. the ordinal scale
d. either the ratio or the ordinal scale


ANSWER: b




11. The interval scale of measurement has the properties of the
a. ratio and nominal scales
b. ratio and ordinal scales
c. ratio scale
d. None of these alternatives is correct.


ANSWER: d



12. Arithmetic operations are inappropriate for
a. the ratio scale
b. the interval scale
c. both the ratio and interval scales
d. the nominal scale


ANSWER: d



13. Income is an example of a variable that uses the
a. ratio scale
b. interval scale
c. nominal scale
d. ordinal scale


ANSWER: a

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