QMB 3200 Chapter 1 Exam Questions & Answers: Latest Updated A+ Sco
Solution
Study online at https://quizlet.com/_hpgtc1
1. nominal data: data of categories only. Data cannot be arranged in an ordering scheme. (Gender, Race,
Religion)
2. ordinal data: data exists in categories that are ordered but differences cannot be determined or they are
meaningless. (Example: 1st, 2nd, 3rd)
3. Education level is an example of nominal data.
True or False: false, ordinal
4. The ratio measurement level is considered qualitative data.
True or False: false, quantitative
5. A hotel employee asks customers who are checking out to rate their satisfac-
tion on a scale of 1-10. This is an example of collecting primary data.
True or False: true
6. The number of pages in your business statistics textbook is an example of
quantitative data.
True or False: true
7. Monday. 69
Tuesday. 63
Wednesday. 88
Thursday. 74
Friday. 120
Saturday. 197
Sunday. 226
The table above shows the number of bagels sold at the Avalon Coffee and
Bagel over the past seven days.Which of the following data types best describe
these values?
a) cross-sectional
b) nominal
c) time series
d) ordinal: c) time series, values that correspond to specific measurements taken over a time period
8. In a Major League Baseball game today, the Philadelphia Phillies scored six
runs against the New York Mets. This is an example of ________ data.
a) nominal
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, QMB 3200 Chapter 1 Exam Questions & Answers: Latest Updated A+ Sco
Solution
Study online at https://quizlet.com/_hpgtc1
b) ordinal
c) interval
d) ratio: d) ratio, can have true zero point
9. One of the major reasons to use statistics is to transform data into informa-
tion.
TrueFalse: true
10. The Graduate Management Admission Test (GMAT) is a standardized test
used by schools to determine the aptitude of individuals who are applying for
MBA programs. The range of the GMAT score is 200-800. Brian has recently
taken the exam and scored 720. This is an example of ________ data.
a) nominal
b) ordinal
c) interval
d) ratio: c) interval, no true zero point
11. A method of gathering data when subjects are exposed to certain treatments
and the data of interest is recorded is known as ________.
a) direct observation
b) focus groups
c) experiments
d) surveys: c) experiments
12. A respondent of a survey is asked whether their most recent dining experi-
ence was excellent, good, fair, or poor. The person indicates that the experience
was "good". This is an example of ________ data.
a) nominal
b) ordinal
c) interval
d) ratio: b) ordinal, no measurable meaning to the # differences
13. ________ data has the benefit of a true zero point.
a) Nominal
b) Ordinal
2/5
Solution
Study online at https://quizlet.com/_hpgtc1
1. nominal data: data of categories only. Data cannot be arranged in an ordering scheme. (Gender, Race,
Religion)
2. ordinal data: data exists in categories that are ordered but differences cannot be determined or they are
meaningless. (Example: 1st, 2nd, 3rd)
3. Education level is an example of nominal data.
True or False: false, ordinal
4. The ratio measurement level is considered qualitative data.
True or False: false, quantitative
5. A hotel employee asks customers who are checking out to rate their satisfac-
tion on a scale of 1-10. This is an example of collecting primary data.
True or False: true
6. The number of pages in your business statistics textbook is an example of
quantitative data.
True or False: true
7. Monday. 69
Tuesday. 63
Wednesday. 88
Thursday. 74
Friday. 120
Saturday. 197
Sunday. 226
The table above shows the number of bagels sold at the Avalon Coffee and
Bagel over the past seven days.Which of the following data types best describe
these values?
a) cross-sectional
b) nominal
c) time series
d) ordinal: c) time series, values that correspond to specific measurements taken over a time period
8. In a Major League Baseball game today, the Philadelphia Phillies scored six
runs against the New York Mets. This is an example of ________ data.
a) nominal
1/5
, QMB 3200 Chapter 1 Exam Questions & Answers: Latest Updated A+ Sco
Solution
Study online at https://quizlet.com/_hpgtc1
b) ordinal
c) interval
d) ratio: d) ratio, can have true zero point
9. One of the major reasons to use statistics is to transform data into informa-
tion.
TrueFalse: true
10. The Graduate Management Admission Test (GMAT) is a standardized test
used by schools to determine the aptitude of individuals who are applying for
MBA programs. The range of the GMAT score is 200-800. Brian has recently
taken the exam and scored 720. This is an example of ________ data.
a) nominal
b) ordinal
c) interval
d) ratio: c) interval, no true zero point
11. A method of gathering data when subjects are exposed to certain treatments
and the data of interest is recorded is known as ________.
a) direct observation
b) focus groups
c) experiments
d) surveys: c) experiments
12. A respondent of a survey is asked whether their most recent dining experi-
ence was excellent, good, fair, or poor. The person indicates that the experience
was "good". This is an example of ________ data.
a) nominal
b) ordinal
c) interval
d) ratio: b) ordinal, no measurable meaning to the # differences
13. ________ data has the benefit of a true zero point.
a) Nominal
b) Ordinal
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