Test Bank for Statistical Techniques in Business and Economics (19th Edition) – Douglas A. Lind, William G. Marchal & Samuel A. Wathen – Complete Exam Resource

,TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A population is a collection of all individuals, objects, or measurements of interest.
1) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-03 Differentiate between descriptive and inferential statistics.
Topic : Types of Statistics
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-1 A population is a collection of...


2) Statistics are used as a basis for making decisions.
2) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-01 Explain why knowledge of statistics is important.
Topic : Why Study Statistics?
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-2 Statistics are used as a basis...




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,3) A listing of 100 family annual incomes is an example of statistics.
3) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-02 Define statistics and provide an example of how statistics is applied.
Topic : What is Meant by Statistics?
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-3 A listing of 100 family annual...


4) The average number of passengers on commercial flights between Chicago and New York
City is an example of a statistic.
4) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-02 Define statistics and provide an example of how statistics is applied.
Topic : What is Meant by Statistics?
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-4 The average number of passengers on...




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, 5) Statistics is used to report the summary results of market surveys.
5) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-02 Define statistics and provide an example of how statistics is applied.
Topic : What is Meant by Statistics?
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-5 Statistics is used to report the...


6) A sample is a portion or part of the population of interest.
6) ______
⊚ true
⊚ false

Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Bloom's : Remember
Difficulty : 1 Easy
Learning Objective : 01-03 Differentiate between descriptive and inferential statistics.
Topic : Types of Statistics
Type : Static
Source : Chapter 01 Test Bank - Static > TB TF Qu. 1-6 A sample is a portion or...




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