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Exam (elaborations)

BUSN 231 Comprehensive Exam 1-Graded A

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BUSN 231 Comprehensive Exam 1-Graded A

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BUSN 231 Comprehensive Exam 1-
Graded A

The specialty coffee at Einstein's most preferred by students (Qualitative or
Quantitative) - correct answer-Qualitative
Your gender (Nominal, Ordinal, Interval) - correct answer-Nominal
Data showing all US states and whether they have enacted laws that allow for same sex
marriages. (Binomial, General, Normal) - correct answer-Binomial
Grantham Brothers sells private jets. Past history shows that they sell between 1 and 10
jets per month Each possible outcome has a different probability. (Binomial, General,
Normal) - correct answer-General
The percentage of people in the US who travelled outside the country in the past year.
(Qualitative or Quantitative) - correct answer-Quantitative
Data set showing the amount of money that 55 year old males have saved in a
retirement fund. (General, Normal, Binomial) - correct answer-Normal
The number of buildings over 20 feet tall on CNU's campus. (Discrete, Continuous) -
correct answer-Discrete
The time in minutes taken to complete the Boston Marathon. (Discrete, Continuous) -
correct answer-Continous
The number of wheelbarrows sold by Lowes over the past six months. (Discrete,
Continuous) - correct answer-Discrete
Ratings of Virginia weather on a 5 point scale where 1 is unpleasant and 5 is fantastic.
(Ordinal, Nominal, Interval) - correct answer-Ordinal
The average temperature in Newport News for the month of July. (Ordinal, Nominal,
Interval) - correct answer-Interval
Define General - correct answer-Discrete Distribution
Define Binomial - correct answer-Discrete Distribution (its either a yes or no answer)
Define Normal - correct answer-Continuous Distribution (mean and standard deviation)
What does Central Tendency tell us? - correct answer-The location of data
What is included in Central Tendency? - correct answer--Mean
-Median
-Mode
-Quartiles
-Percentiles
Define Mean - correct answer-Arithmetic average (affected by outliers)
Define Median - correct answer-50% of the data is on either side (not affected by
outliers)
Define Mode - correct answer-Number that repeats most often (can have multiple
modes)
Define Quartile 1 - correct answer-25% of data is to the left and 75% is to the right
Define Quartile 2 - correct answer-Median

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