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

Difficulty: Medium
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
49. 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 100 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: c
Difficulty: Medium
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
50. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of 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. Sue is ordering a ___.
a) statistic from the industrial customers
b) census of the industrial customers
c) sample of the industrial customers
d) sorting of the industrial customers
e) parameter of the industrial customers
Answer: b
Difficulty: Medium
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
51. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend.
Specifically, the number of customers is stable at 1,500, but they are purchasing less each year.
Introduction to Statistics  1 - 18
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She orders her staff to search for causes of the downward trend by selecting a focus group of
40 industrial customers. Sue is ordering a ___.
a) statistic from the industrial customers
b) census of the industrial customers
c) sample of the industrial customers
d) sorting of the industrial customers
e) parameter of the industrial customers
Answer: c
Difficulty: Medium
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
52. Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the
payroll system, and orders an inspection of "each and every payroll voucher issued since
January 1, 2013." Pinky is ordering a ___.
a) statistic from the payroll vouchers
b) census of the payroll vouchers
c) sample of the payroll vouchers
d) sorting of the payroll vouchers
e) parameter of the payroll vouchers
Answer: b
Difficulty: Medium
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
53. Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the
payroll system, and orders an inspection of "every tenth payroll voucher issued since January 1,
2013." Pinky is ordering a ___.
a) statistic from the payroll vouchers
b) census of the payroll vouchers
c) sample of the payroll vouchers
d) sorting of the payroll vouchers
e) parameter of the payroll vouchers
Answer: c
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
1 - 19  test bank for Business Statistics, Third Canadian Edition
Copyright © 2020 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
54. On discovering an improperly adjusted drill press, Jack Joyner, Director of Quality Control,
ordered a 100% inspection of all castings drilled during the evening shift. Jack is ordering a ___.