Straighterline Business Stats exam questions
with answers
A marketing class of 50 students evaluated the instructor using the
following scale: superior, good, average, poor, and inferior. The
descriptive summary showed the following survey results: 2%
superior, 8% good, 45% average, 45% poor, and 0% inferior. - 🔰
CORRECT ANSWERS ✔✔Most students rated the instructor as
poor or average.
The general process of gathering, organizing, summarizing,
analyzing, and interpreting data is called ____________. - 🔰
CORRECT ANSWERS ✔✔Statistics
The main purpose of descriptive statistics is to: - 🔰CORRECT
ANSWERS ✔✔Summarize data in a useful and informative
manner.
An example of a qualitative variable is _________________. - 🔰
CORRECT ANSWERS ✔✔Color of ink in a pen
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,The reported unemployment is 5.5% of the population. What
measurement scale is used to measure unemployment? - 🔰
CORRECT ANSWERS ✔✔interval or ratio
What level of measurement is the Centigrade temperature scale? -
🔰CORRECT ANSWERS ✔✔interval
A group of women tried five brands of fingernail polish and ranked
them according to preference. What level of measurement is this? -
🔰CORRECT ANSWERS ✔✔ordinal
The incomes of 50 loan applicants are obtained. Which level of
measurement is income? - 🔰CORRECT ANSWERS ✔✔ratio
The members of each basketball team wear numbers on their
jerseys. What scale of measurement are these numbers considered?
- 🔰CORRECT ANSWERS ✔✔nominal
Respondents were asked, "Do you now earn more than or less than
you did five years ago?" What is this level of measurement? - 🔰
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, CORRECT ANSWERS ✔✔ordinal
What type of variable is the number of gallons of gasoline pumped
by a filling station during a day? - 🔰CORRECT ANSWERS
✔✔Continuous
A portion or part of a population is called a - 🔰CORRECT
ANSWERS ✔✔sample
The mean, as a measure of central location, would be inappropriate
for which one of the following? - 🔰CORRECT ANSWERS
✔✔Marital status of college students at a particular university
A bottling company offers three kinds of delivery service: instant,
same day, and within five days. The profit per delivery varies
according to the kind of delivery. The profit for an instant delivery
is less than the other kinds because the driver has to go directly to a
grocery store with a small load and return to the bottling plant. To
find out what effect each type of delivery has on the profit picture,
the company summarized the data in the following table based on
deliveries for the previous quarter.
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26
with answers
A marketing class of 50 students evaluated the instructor using the
following scale: superior, good, average, poor, and inferior. The
descriptive summary showed the following survey results: 2%
superior, 8% good, 45% average, 45% poor, and 0% inferior. - 🔰
CORRECT ANSWERS ✔✔Most students rated the instructor as
poor or average.
The general process of gathering, organizing, summarizing,
analyzing, and interpreting data is called ____________. - 🔰
CORRECT ANSWERS ✔✔Statistics
The main purpose of descriptive statistics is to: - 🔰CORRECT
ANSWERS ✔✔Summarize data in a useful and informative
manner.
An example of a qualitative variable is _________________. - 🔰
CORRECT ANSWERS ✔✔Color of ink in a pen
1 \\\\\\/ \\\\\\
26
,The reported unemployment is 5.5% of the population. What
measurement scale is used to measure unemployment? - 🔰
CORRECT ANSWERS ✔✔interval or ratio
What level of measurement is the Centigrade temperature scale? -
🔰CORRECT ANSWERS ✔✔interval
A group of women tried five brands of fingernail polish and ranked
them according to preference. What level of measurement is this? -
🔰CORRECT ANSWERS ✔✔ordinal
The incomes of 50 loan applicants are obtained. Which level of
measurement is income? - 🔰CORRECT ANSWERS ✔✔ratio
The members of each basketball team wear numbers on their
jerseys. What scale of measurement are these numbers considered?
- 🔰CORRECT ANSWERS ✔✔nominal
Respondents were asked, "Do you now earn more than or less than
you did five years ago?" What is this level of measurement? - 🔰
2 \\\\\\/ \\\\\\
26
, CORRECT ANSWERS ✔✔ordinal
What type of variable is the number of gallons of gasoline pumped
by a filling station during a day? - 🔰CORRECT ANSWERS
✔✔Continuous
A portion or part of a population is called a - 🔰CORRECT
ANSWERS ✔✔sample
The mean, as a measure of central location, would be inappropriate
for which one of the following? - 🔰CORRECT ANSWERS
✔✔Marital status of college students at a particular university
A bottling company offers three kinds of delivery service: instant,
same day, and within five days. The profit per delivery varies
according to the kind of delivery. The profit for an instant delivery
is less than the other kinds because the driver has to go directly to a
grocery store with a small load and return to the bottling plant. To
find out what effect each type of delivery has on the profit picture,
the company summarized the data in the following table based on
deliveries for the previous quarter.
3 \\\\\\/ \\\\\\
26
