Modern Business Statistics with Microsoft Office Excel 6th Edition by David R. Anderson Test bank

REFERENCES:  Data
LEARNING OBJECTIVES:  MBST.ASWC.18.01.02 - 1.2
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
18. Which of the following variables uses the ratio scale of measurement?
 a. name of stock exchange
 b. time
 c. SAT scores
 d. social security number
 
ANSWER:  b
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
 
19. Quantitative data _____.
 a. are always nonnumeric
 b. may be either numeric or nonnumeric
 c. are always numeric
 d. are always labels
 
ANSWER:  c
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
 
20. Categorical data _____.
 a. are always nonnumeric
 b. may be either numeric or nonnumeric
 c. are always numeric
 d. indicate either how much or how many
 
ANSWER:  b
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
 
21. _____ analytics is the set of analytical techniques that yield a course of action.
 a. Descriptive
 b. Predictive
 c. Prescriptive
 d. Data
 
ANSWER:  c
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Analytics
LEARNING OBJECTIVES:  MBST.ASWC.18.01.07 - 1.7
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
22. What organization developed the report, “Ethical Guidelines for Statistical Practice”?
 a. Ethics Committee for Statistical Practices
 b. American Statistical Association
 c. International Statistical Organization
 d. Federal Bureau for Ethical Practices in Statistics
 
ANSWER:  b
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Ethical Guidelines for Statistical Practice
LEARNING OBJECTIVES:  MBST.ASWC.18.01.09 - 1.9
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
23. Arithmetic operations are inappropriate for _____.
 a. categorical data
 b. quantitative data
 c. both categorical and quantitative data
 d. large data sets
 
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
 
24. In a questionnaire, respondents are asked to mark their gender as Male, Female, Transgender MtoF, Transgender FtoM, Non-binary, or Intersex. Gender is an example of a(n) _____ variable.
 a. categorical
 b. quantitative
 c. interval
 d. 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
 
25. In a questionnaire, respondents are asked to record their age in years. Age is an example of a _____.
 a. categorical variable
 b. quantitative variable
 c. categorical or quantitative variable, depending on how the respondents answered the question
 d. ratio variable
 
ANSWER:  b
POINTS:  1
DIFFICULTY:  Easy