CBAD – Statistics questions with
verified solutions already passed
Chapter 1:
Statistics - correct answer ✔✔is a set of tools which helps organizing, presenting information, and
extracting meaning from raw data.
Chapter 1:
Some experts prefer to call statistics... - correct answer ✔✔data science
Chapter 1:
Data science - correct answer ✔✔a trilogy of tasks involving data modeling, analysis, and decision
making.
Chapter 1:
Statistic - correct answer ✔✔is a single measure, reported as a number, used to summarize a sample
data set
Chapter 1:
Descriptive statistics - correct answer ✔✔refers to the collection, organization, presentation, and
summary of data (either using charts and graphs or using a numerical summary).
Chapter 1:
Inferential statistics - correct answer ✔✔refers to generalizing from a sample to a population, estimating
unknown population parameters, drawing conclusions, and making decisions.
Chapter 1:
Surveys of corporate recruiters show that ______ and _________________ rank high on their list of
hiring criteria. - correct answer ✔✔ethics, personal integrity
,Chapter 1:
The specialized vocabulary of statistics crosses __________ barriers to improve problem solving for
multinational businesses. - correct answer ✔✔language
Chapter 1:
True or False: There are generally accepted statistical methods for dealing with missing data and unusual
data. - correct answer ✔✔True
Chapter 1:
Which of the following are responsibilities of a data analyst? - correct answer ✔✔accurately reporting
information, identifying degrees of uncertainty
Chapter 1:
True or False: Successful businesses expect their employees to have some knowledge of statistics. -
correct answer ✔✔True
Chapter 1:
True or False: Business managers want to see detailed numerical explanations in technical reports. -
correct answer ✔✔False
Chapter 1:
True or False: Statistics support critical thinking by helping one identify illogical conclusions or to see
holes in another's argument. - correct answer ✔✔True
Chapter 1:
Which statistical pitfall does the following statement match?
People who belong to health clubs tend to have college degrees therefore exercise increases your IQ -
correct answer ✔✔Assuming A Causal Link
Chapter 1:
, A company code of ethics addresses things such as (check all that apply) - correct answer ✔✔sources of
data inaccuracy, conflicts of interest, policies on confidentiality
Chapter 1:
Identifying repeat customers - correct answer ✔✔marketing
Chapter 1:
A sample of errors from invoice statements - correct answer ✔✔auditing
Chapter 1:
Distribution of inventory items in a big box store - correct answer ✔✔operations management
Chapter 1:
Risk assessment of an investment - correct answer ✔✔finance
Chapter 1:
Which of the following are rules for a data analyst? - correct answer ✔✔maintain data integrity, know
and follow accepted procedures, protect confidential information
Chapter 1:
Collecting, organizing and summarizing a particular data set are known as __________ statistics. - correct
answer ✔✔descriptive
Chapter 1:
Which of the following are examples of inferential statistics? - correct answer ✔✔Prof. Stats randomly
selects 50 female students at State University to estimate the average height of all female students at
State.
A manufacturer of light bulbs randomly selects 100 light bulbs to test the longevity of all light bulbs that
the company produces.
verified solutions already passed
Chapter 1:
Statistics - correct answer ✔✔is a set of tools which helps organizing, presenting information, and
extracting meaning from raw data.
Chapter 1:
Some experts prefer to call statistics... - correct answer ✔✔data science
Chapter 1:
Data science - correct answer ✔✔a trilogy of tasks involving data modeling, analysis, and decision
making.
Chapter 1:
Statistic - correct answer ✔✔is a single measure, reported as a number, used to summarize a sample
data set
Chapter 1:
Descriptive statistics - correct answer ✔✔refers to the collection, organization, presentation, and
summary of data (either using charts and graphs or using a numerical summary).
Chapter 1:
Inferential statistics - correct answer ✔✔refers to generalizing from a sample to a population, estimating
unknown population parameters, drawing conclusions, and making decisions.
Chapter 1:
Surveys of corporate recruiters show that ______ and _________________ rank high on their list of
hiring criteria. - correct answer ✔✔ethics, personal integrity
,Chapter 1:
The specialized vocabulary of statistics crosses __________ barriers to improve problem solving for
multinational businesses. - correct answer ✔✔language
Chapter 1:
True or False: There are generally accepted statistical methods for dealing with missing data and unusual
data. - correct answer ✔✔True
Chapter 1:
Which of the following are responsibilities of a data analyst? - correct answer ✔✔accurately reporting
information, identifying degrees of uncertainty
Chapter 1:
True or False: Successful businesses expect their employees to have some knowledge of statistics. -
correct answer ✔✔True
Chapter 1:
True or False: Business managers want to see detailed numerical explanations in technical reports. -
correct answer ✔✔False
Chapter 1:
True or False: Statistics support critical thinking by helping one identify illogical conclusions or to see
holes in another's argument. - correct answer ✔✔True
Chapter 1:
Which statistical pitfall does the following statement match?
People who belong to health clubs tend to have college degrees therefore exercise increases your IQ -
correct answer ✔✔Assuming A Causal Link
Chapter 1:
, A company code of ethics addresses things such as (check all that apply) - correct answer ✔✔sources of
data inaccuracy, conflicts of interest, policies on confidentiality
Chapter 1:
Identifying repeat customers - correct answer ✔✔marketing
Chapter 1:
A sample of errors from invoice statements - correct answer ✔✔auditing
Chapter 1:
Distribution of inventory items in a big box store - correct answer ✔✔operations management
Chapter 1:
Risk assessment of an investment - correct answer ✔✔finance
Chapter 1:
Which of the following are rules for a data analyst? - correct answer ✔✔maintain data integrity, know
and follow accepted procedures, protect confidential information
Chapter 1:
Collecting, organizing and summarizing a particular data set are known as __________ statistics. - correct
answer ✔✔descriptive
Chapter 1:
Which of the following are examples of inferential statistics? - correct answer ✔✔Prof. Stats randomly
selects 50 female students at State University to estimate the average height of all female students at
State.
A manufacturer of light bulbs randomly selects 100 light bulbs to test the longevity of all light bulbs that
the company produces.
