Test Bank — Applied Statistics in Business and Economics, 5th Edition — David Doane & Lori Seward — ISBN 9780077837303

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Applied Statistics in Business and
UV Economics – 5th Edition
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TEST BANK
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O VE
David P. Doane


Lori E. Seward
D?
Comprehensive Test Bank for Instructors

and Students

© David P. Doane & Lori E. Seward

All rights reserved. Reproduction or distribution without permission is prohibited.




Created by MedConnoisseur ©2025/2026

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TABLE OF CONTENTS
Applied Statistics in Business and Economics – 5th Edition
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David P. Doane & Lori E. Seward
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1. Overview of Statistics
2. Data Collection
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3. Describing Data Visually
4. Descriptive Statistics
5. Probability PR
6. Discrete Probability Distributions
7. Continuous Probability Distributions
8. Sampling Distributions and Estimation
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9. One-Sample Hypothesis Tests
10.Two-Sample Hypothesis Tests
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11.Analysis of Variance
12.Simple Regression D?
13.Multiple Regression
14.Time-Series Analysis
15.Chi-Square Tests
16.Nonparametric Tests
17.Quality Management
18.Simulation




Created by MedConnoisseur ©2025/2026

,ST Chapter 01
UV Overview of Statistics

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True / False Questions


1. Statistics is the science of collecting, organizing, analyzing, interpreting, and
presenting data.

True False
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2. Inferential statistics refers to generalizing from a sample to a population, estimating
unknown parameters, drawing conclusions, and making decisions.

True False
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3. Descriptive statistics refers to summarizing data rather than generalizing about the
population. OV
True False

4. Estimating parameters and testing hypotheses are important aspects of descriptive
statistics.

True False

5. Inconsistent treatment of data by a researcher is a symptom of poor survey or
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research design. ?
True False

6. Empirical data are collected through observations and/or experiments.

True False

7. Business intelligence refers to collecting, storing, accessing, and analyzing data on
the company's operations in order to make better business decisions.

True False

8. When a statistician omits data contrary to her findings in a study, she is justified as
long as the sample supports her objective.

True False

9. A strong correlation between A and B would imply that B is caused by A.

True False



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10. The post hoc fallacy says that when B follows A then B is caused by A.

True False
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11. A statistical test may be significant yet have no practical importance.

True False

12. Valid statistical inferences cannot be made when sample sizes are small.
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True False

13. Statistics is an essential part of critical thinking because it allows us to transform the
empirical evidence from a sample so it will agree with our preferred conclusions.

True False
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14. Statistical challenges include imperfect data, practical constraints, and ethical
dilemmas.

True False

15. A business data analyst needs a PhD in statistics.
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True False OV
16. The science of statistics tells us whether the sample evidence is convincing.

True False


and lack of causal links.

True False
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17. Pitfalls to consider in a statistical test include nonrandom samples, small sample size,




18. In business communication, a table of numbers is preferred to a graph because it is
more able to convey meaning.
?
True False

19. Statistical data analysis can often distinguish between real vs. perceived ethical
issues.

True False

20. Excel has limited use in business because advanced statistical software is widely
available.

True False

21. Statistics helps surmount language barriers to solve problems in multinational
businesses.

True False



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Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.