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

REFERENCES:  Descriptive Statistics
LEARNING OBJECTIVES:  MBST.ASWC.18.01.04 - 1.4
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
42. A Scanner Data User Survey of 50 companies found that the average amount spent on scanner data per category of consumer goods was $387,325 (Mercer Management Consulting, Inc., April 24, 1997). The $387,325 is an example of _____.
 a. categorical data
 b. quantitative data
 c. a descriptive statistic
 d. Both quantitative data and a descriptive statistic are correct.
 
ANSWER:  d
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Descriptive Statistics
LEARNING OBJECTIVES:  MBST.ASWC.18.01.04 - 1.4
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
43. Statistical inference _____.
 a. refers to the process of drawing inferences about the sample based on the characteristics of the population
 b. is the same as descriptive statistics
 c. is the process of drawing inferences about the population based on the information taken from the sample
 d. is the same as a census
 
ANSWER:  c
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
44. The collection of all elements of interest in a study is _____.
 a. the population
 b. the sampling
 c. statistical inference
 d. descriptive statistics
 
ANSWER:  a
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
45. A portion of the population selected to represent the population is called _____.
 a. statistical inference
 b. descriptive statistics
 c. a census
 d. a sample
 
ANSWER:  d
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
46. Of 800 students in a university, 360, or 45%, live in the dormitories. The 800 is an example of _____.
 a. a sample
 b. a population
 c. statistical inference
 d. descriptive statistics
 
ANSWER:  b
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
47. In a sample of 800 students in a university, 160, or 20%, are Business majors. Based on the above information, the school's paper reported, "20% of all students at the university are Business majors." This report is an example of _____.
 a. a sample
 b. a population
 c. statistical inference
 d. descriptive statistics
 
ANSWER:  c
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5
NATIONAL STANDARDS:  United States - Business Program.1: - Reflective Thinking
KEYWORDS:  Bloom's: Knowledge
 
48. Six hundred residents of a city are polled to obtain information on voting intentions in an upcoming city election. The 600 residents in this study is an example of a(n) _____.
 a. census
 b. sample
 c. observation
 d. population
 
ANSWER:  b
POINTS:  1
DIFFICULTY:  Easy
REFERENCES:  Statistical Inference
LEARNING OBJECTIVES:  MBST.ASWC.18.01.05 - 1.5