Statistical Techniques in
Business and Economics
19th Edition
by Douglas A. Lind
Complete Chapter Solutions Manual
are included (Ch 1 to 20)
* There is no Solution for Ch. 19 & 20
** Immediate Download
** Swift Response
** All Chapters included
** Excel Data Files
, Chapter 1
What Is Statistics?
1.
a. Interval
b. Ratio
c. Nominal
d. Nominal
e. Ordinal
f. Ratio (LO1-5)
2.
a. Ratio
b. Nominal
c. Ratio
d. Ratio (LO1-5)
3. Answer will vary. (LO1-5)
4.
a. Sample
b. Population
c. Population
d. Sample (LO1-3)
5. Qualitative data is not numerical, whereas quantitative data is numerical. Examples will vary
by student. (LO1-4)
6. A population is the entire group which you are studying. A sample is a subset taken from a
population. (LO1-3)
7. Discrete variables can assume only certain values, but continuous variables can assume any
values within some range. Examples will vary. (LO1-4)
8.
a. A population is used because the professor likely has grades readily available from every
student over the past 5 years.
b. A population is used because the information is easy to find.
c. A population is used because you are interested in the top five companies.
d. During a selected season, a random sample of days would be selected, and the electricity
consumed recorded. (LO1-3)
9.
, a. Ordinal
b. Ratio
c. The newer system provided information on the distance between exits. (LO1-5)
10. The cell phone provider is nominal level data. The minutes used are ratio level. Satisfaction is
ordinal level. (LO1-5)
11.
a. The ranking of wearable technologies would most likely be based on a population. All
possible brands and models could be listed.
b. Since the ratings are self-reported, it is very likely that not all users submitted a rating.
Therefore, the ratings are a sample or a subset of the population. (LO1-3)
12. In a presidential election all votes are counted, thus it is similar to a census of the entire
population. However, an “exit” poll consists of only some voters and thus is more like a sample of
the entire population. (LO1-3)
Business and Economics
19th Edition
by Douglas A. Lind
Complete Chapter Solutions Manual
are included (Ch 1 to 20)
* There is no Solution for Ch. 19 & 20
** Immediate Download
** Swift Response
** All Chapters included
** Excel Data Files
, Chapter 1
What Is Statistics?
1.
a. Interval
b. Ratio
c. Nominal
d. Nominal
e. Ordinal
f. Ratio (LO1-5)
2.
a. Ratio
b. Nominal
c. Ratio
d. Ratio (LO1-5)
3. Answer will vary. (LO1-5)
4.
a. Sample
b. Population
c. Population
d. Sample (LO1-3)
5. Qualitative data is not numerical, whereas quantitative data is numerical. Examples will vary
by student. (LO1-4)
6. A population is the entire group which you are studying. A sample is a subset taken from a
population. (LO1-3)
7. Discrete variables can assume only certain values, but continuous variables can assume any
values within some range. Examples will vary. (LO1-4)
8.
a. A population is used because the professor likely has grades readily available from every
student over the past 5 years.
b. A population is used because the information is easy to find.
c. A population is used because you are interested in the top five companies.
d. During a selected season, a random sample of days would be selected, and the electricity
consumed recorded. (LO1-3)
9.
, a. Ordinal
b. Ratio
c. The newer system provided information on the distance between exits. (LO1-5)
10. The cell phone provider is nominal level data. The minutes used are ratio level. Satisfaction is
ordinal level. (LO1-5)
11.
a. The ranking of wearable technologies would most likely be based on a population. All
possible brands and models could be listed.
b. Since the ratings are self-reported, it is very likely that not all users submitted a rating.
Therefore, the ratings are a sample or a subset of the population. (LO1-3)
12. In a presidential election all votes are counted, thus it is similar to a census of the entire
population. However, an “exit” poll consists of only some voters and thus is more like a sample of
the entire population. (LO1-3)
