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QMB 3602 Exam 2 Questions and Answers |2025 UPDATED

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QMB 3602 Exam 2 Questions and Answers |2025 UPDATED

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QMB 3602 Exam 2


The process of ensuring the accuracy of data and their conversion from raw form into classified forms
appropriate for analysis is called ________. - Answer-Data preperation



What percentage of participants is typically contacted during data validation? - Answer-10%



Hypothesis testing is conducted using ________ data analysis techniques. - Answer-confirmatory



All of the following are contained in a frequency table except ________. - Answer-quartile indicators



Which type of graphical depiction of frequency values uses a circle shape divided into triangles such that
each triangle represents the frequency value it represents? - Answer-pie chart



Which of the following display choices is most similar to the histogram? - Answer-stem and leaf display



The horizontal axis on a histogram indicates the ________. - Answer-interval of observations



All of the following are sources of data that can be used in a Pareto diagram except ________. - Answer-
dichotomous scales



In which of the following are bars arranged in decreasing order by size? - Answer-pareto diagram

, In a ________, category codes are ordered from lowest value to highest value with columns for count,
percent, valid percent, and cumulative percent. - Answer-frequency table



The tool used to display content analysis recording units is a ________. - Answer-proximity plot



Which of the research questions/hypotheses below is best answered using cross-tabulations? - Answer-
What percentage of men and women prefer brand A over brand B



A statistical technique that describes two or more variables simultaneously and results in tables that
reflect the joint distribution of two or more variables that have a limited number of categories or
distinct values is a(n) ________. - Answer-cross tabulation



Managers need to know the mathematical theory behind the techniques of management science so that
they can lead management science teams. - Answer-False



Spreadsheets allow many managers to conduct their own analyses in management science studies. -
Answer-True



Managers must rely on management science experts to create and understand managerial problems. -
Answer-False



At the break-even point, management is indifferent between producing a product and not producing it. -
Answer-True



The best way to solve a break-even problem with a spreadsheet model is to try different production
quantities until the quantity that leads to profits of zero is found. - Answer-False



A constraint is an algebraic variable that represents a quantifiable decision to be made. - Answer-False

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