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Statistics for Managers Using Microsoft Excel 9th Global Edition by David Levine Test bank

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True
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
 
 
  1. True or False: The O in the DCOVA framework stands for “operationalize”.
ANSWER:
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
  1. True or False: The O in the DCOVA framework stands for “organize”. ANSWER:
True
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
  1. True or False: The V in the DCOVA framework stands for “verify”. ANSWER:
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
  1. True or False: The V in the DCOVA framework stands for “visualize”. ANSWER:
True
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
  1. True or False: The A in the DCOVA framework stands for “apply”. ANSWER:
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
  1. True or False: The V in the DCOVA framework stands for “value”. ANSWER:
False
TYPE: TF DIFFICULTY: Easy
KEYWORDS: DCOVA framework
 
  1. Which of the following is not an attribute of big data?
    1. Variegated
    2. Velocity
    3. Volume
    4. Variety
ANSWER:
a
 
 
TYPE: TF DIFFICULTY: Easy
KEYWORDS: business analytics
 
  1. True or False: If rising temperatures are followed immediately by an increase in crime in urban areas, we would attribute the two events to be an instance of logical causality.
ANSWER:
False
TYPE: TF DIFFICULTY: Moderate
KEYWORDS: Starting points for learning statistics, page 6 text
 
  1. An online marketing system that uses customer demand to adjust its item or service pricing is using                                                in its strategy.
ANSWER:
dynamic pricing
TYPE: FI DIFFICULTY: Moderate
KEYWORDS: flexibility, demand, page 1 text
 
  1. Using software, you perform calculations more easily than by hand. This means which of the following:
    1. Using software is a guarantee you will not produce inappropriate solutions
    2. Memorization of software commands is necessary to using software competently
    3. Using the software while understanding the concepts that give the results is more important than having advanced arithmetic skills.
    4. Being able to construct statistical software applications from scratch is a necessary skill.
ANSWER:
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: arithmetic skills, analytical skills
 
  1. The Excel command used to insert a new worksheet into a workbook is
                                .
ANSWER: INSERT on the worksheet tab TYPE: FI DIFFICULTY: Moderate
KEYWORDS: EG.4 WORKING WITH a WORKBOOK
  1. The Excel command used to display and review formulas is          . ANSWER:
CTRL + ` (grave accent)
TYPE: FI DIFFICULTY: Moderate
KEYWORDS: EG.6 REVIEWING WORKSHEETS
 

Chapter 1: Defining and Collecting Data

 
  1. Which of the following is a discrete quantitative (numerical) variable?
    1. The Dow Jones Industrial average
    2. The volume of water released from a dam

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