QMS 230 - Statistics for Accounting and Finance Test 1 (practice exam questions and answers) Toronto Metropolitan University

QMS 230 - Statistics for Accounting and Finance Test 1
(practice exam questions and answers) Toronto
Metropolitan University

Total marks: 76

Multiple Choice

For each of the following multiple-choice questions, choose the best response among those
provided. (2 marks each)

Questions 1 and 2 refer to the following survey question: Rate the service you received at “No
Regrets Tattoos and Removal” as either Good, Acceptable, or Poor.

1. What measurement scale applies to the response data?
A) B) C) Interval D) Ratio – Discrete E) Ratio – Continuous
Nominal Ordinal
ANSWER: B) Ordinal

2. What type of variable is the response data?
A) Qualitative B) Quantitative
ANSWER: A) Qualitative

Questions 3 and 4 refer to the following survey question: How many text messages do you send
in a week?

3. What measurement scale applies to the response data?
A) B) C) Interval D) Ratio – Discrete E) Ratio – Continuous
Nominal Ordinal
ANSWER: D) Ratio – Discrete

4. What type of variable is the response data?
A) Qualitative B) Quantitative
ANSWER: B) Quantitative



x


5. Consider the above box plot. What is the shape of the distribution?

1

, A) Left skewed B) Symmetrical C) Right skewed D) not enough data to tell
ANSWER: C) Right skewed




2