Modern Business Statistics with Microsoft Office Excel 6th Edition by David R. Anderson Test bank
KEYWORDS: Bloom's: Knowledge
70. Categorical data use either the ______ or ______ scale of measurement.
a. nominal; ordinal
b. nominal; interval
c. ordinal; interval
d. interval; ratio
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Data
LEARNING OBJECTIVES: MBST.ASWC.18.01.02 - 1.2
NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking
KEYWORDS: Bloom's: Knowledge
71. The term data warehousing is used to refer to the process of doing all of the following, except _____ the data.
a. capturing
b. storing
c. maintaining
d. mining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Big Data and Data Mining
LEARNING OBJECTIVES: MBST.ASWC.18.01.08 - 1.8
NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking
KEYWORDS: Bloom's: Knowledge
72. _____ is the process of using procedures from statistics and computer science to extract useful information from extremely large databases.
a. Big data
b. Analytics
c. Data warehousing
d. Data mining
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Big Data and Data Mining
LEARNING OBJECTIVES: MBST.ASWC.18.01.08 - 1.8
NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking
KEYWORDS: Bloom's: Knowledge
73. After the graduation ceremonies at a university, six graduates were asked whether they were in favor of (identified by 1) or against (identified by 0) abortion. Some characteristics of these graduates are shown below.
GraduateSexAgeAbortion IssueClass Rank
1F221 3
2M211 2
3F330 1
4M38020
5F251 4
6M190 8
a.How many elements are in the data set?
b.How many variables are in the data set?
c.How many observations are in the data set?
d.Identify the scale of measurement for each of the above (Sex, Age, Abortion Issue, Class Rank).
e.Which of the above (Sex, Age, Abortion Issue, Class Rank) are categorical, and which are quantitative variables?
f.Are arithmetic operations appropriate for the variable "abortion issue"?
ANSWER: a.6
b.4
c.6
d.Sex: nominal
Age: ratio
Abortion Issue: nominal
Class Rank: ordinal
e.Sex: categorical
Age: quantitative
Abortion Issue: categorical
Class Rank: categorical
f.No
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Data
LEARNING OBJECTIVES: MBST.ASWC.18.01.02 - 1.2
NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking
KEYWORDS: Bloom's: Knowledge
74. An issue of Fortune Magazine reported the following companies had the lowest sales per employee among the Fortune 500 companies.
CompanySales per Employee ($ thousands)Sales Rank
Seagate Technology42.20285
SSMC 42.19414
Russell 41.99480
Maxxam 40.88485
Dibrell Brothers 22.56470
a.How many elements are in the above data set?
b.How many variables are in the above data set?
c.How many observations are in the above data set?
d.Name the scale of measurement for each of the variables.
e.Name the variables and indicate whether they are categorical or quantitative.
ANSWER: a.5
b.2
c.5
d.Sales per Employee: ratio; Sales Rank: ordinal
e.Sales per Employee: quantitative; Sales Rank: categorical
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Data
LEARNING OBJECTIVES: MBST.ASWC.18.01.02 - 1.2
NATIONAL STANDARDS: United States - Business Program.1: - Reflective Thinking
KEYWORDS: Bloom's: Knowledge
75. The following shows the temperatures (high, low) and weather conditions on a given Sunday for seven world cities. For the weather conditions, the following notations are used: c = clear; cl = cloudy; sh = showers; pc = partly cloudy.