Business Stats Final: Straighterline Questions With Complete Solutions

Which of the following is a qualitative variable type? correct answer: Discrete Continuous Both of the above # None of the above What would be an example of a quantitative variable? correct answer: The net pay on your paycheck The temperature outside Your weight # All of the above What is the highest level of measurement for a variable? correct answer: Ratio Your compensation has increased steadily in the last few years. At the same time, the number of homeless people in the United States has also increased. What is this an example of? correct answer: Association A sampling technique where an item can be chosen only once from a population is called correct answer: Sampling without replacement. A sampling technique where every nth item in the population is tested is called? correct answer: Systematic Random Sampling If you increase your sample size, you.. correct answer: Eliminate all possibility of a sample error Increase the likelihood of a sample error Do not affect the likelihood of a sample error None of the above Correct Ans: You decrease the likelihood of sample error. When selecting a sample, if you intentionally select sample items that will give you a desired result, what would you have? correct answer: A biased sample.