Business Statistics: For Contemporary Decision Making 3rd Canadian Edition by Ken Black Test bank

c) the population
d) a statistic
e) the frame
Answer: b
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
43. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of industrial customers is stable at 1,500, but they are purchasing less
each year. She orders her staff to search for causes of the downward trend by surveying all
1,500 industrial customers. For this study, the set of 1,500 industrial customers is ___.
a) a parameter
b) a sample
1 - 15  test bank for Business Statistics, Third Canadian Edition
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c) the population
d) a statistic
e) the frame
Answer: c
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
44. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of industrial customers is stable at 1,500, but they are purchasing less
each year. She orders her staff to search for causes of the downward trend by selecting a focus
group of 40 industrial customers. For this study, the set of 40 industrial customers is ___.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Answer: b
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
45. Marc Fortier, Director of Human Resources, is exploring the causes of employee
absenteeism at Lennoxville Bottling during the last operating year (January 1, 2019 through
December 31, 2019). For this study, the set of all employees who worked at Lennoxville Bottling
during the last operating year is ___.
a) a parameter
b) a sample
c) the population
d) a statistic
e) the frame
Answer: c
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
Introduction to Statistics  1 - 16
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AACSB: Analytic
46. Marc Fortier, Director of Human Resources, is exploring the causes of employee
absenteeism at Lennoxville Bottling during the last operating year. Personnel records for 50 of
the plant's 250 employees are selected for analysis. For this study, the group of 50 employees
is a ___.
a) parameter
b) sample
c) population
d) statistic
e) frame
Answer: b
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
47. When a person collects information from the entire population, this is called a ___.
a) parameter
b) sample
c) population
d) census
e) statistic
Answer: d
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
48. Manuel Banales, Marketing Director of Plano Power Plants, Inc.'s Electrical Division, is
leading a study to identify and assess the relative importance of product features. Manuel
directs his staff to design a survey questionnaire and distribute it to all of Plano’s 954
customers. Manuel is ordering a ___.
a) statistic from the customers
b) census of the customers
c) sample of the customers
d) sorting of the customers
e) parameter of the customers
Answer: b
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