Statistics for Business & Economics 14th Edition by David R. Anderson test bank
ANSWER:
a.
6
b.
4
c.
6
d.
Sex: categorical
Age: quantitative
Abortion Issue: categorical
Class Rank: categorical
e.
No
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Subjective Short Answer
HAS VARIABLES:
False
STUDENT ENTRY MODE:
Basic
LEARNING OBJECTIVES:
BSST.ASWC.20.01.02 - Data
NATIONAL STANDARDS:
United States - BUSPROG: Analytic
STATE STANDARDS:
United States - AK - DISC: IMA: Reporting
KEYWORDS:
Bloom's: Understand
DATE CREATED:
9/26/2018 11:22 AM
DATE MODIFIED:
1/18/2019 3:47 PM
86. A recent issue of Fortune Magazine reported that the following companies had the lowest sales per employee among the Fortune 500 companies.
Sales per Employee
(In $1,000s)
Sales
Rank
Company
Seagate Technology
42.20
285
SSMC
42.19
414
Russel
41.99
480
Maxxam
40.88
485
Dibrell Brothers
22.56
470
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 variables and indicate whether they are categorical or quantitative.
ANSWER:
a.
5
b.
2
c.
5
d.
Sales per employee: quantitative; Sales rank: categorical
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Subjective Short Answer
HAS VARIABLES:
False
STUDENT ENTRY MODE:
Basic
LEARNING OBJECTIVES:
BSST.ASWC.20.01.02 - Data
NATIONAL STANDARDS:
United States - BUSPROG: Analytic
STATE STANDARDS:
United States - AK - DISC: IMA: Reporting
KEYWORDS:
Bloom's: Understand
DATE CREATED:
9/26/2018 11:22 AM
DATE MODIFIED:
1/18/2019 3:47 PM
87. The following shows the temperatures (high, low) and weather conditions on a given Sunday for some selected world cities. For the weather conditions, the following notations are used: c = clear; cl = cloudy; sh = showers; pc = partly cloudy.
City
Hi
Lo
Condition
Acapulco
99
77
pc
Bangkok
92
78
pc
Mexico City
77
57
sh
Montreal
72
56
pc
Paris
77
58
c
Rome
88
68
cl
Toronto
78
61
c
a.
How many elements are in this data set?
b.
How many variables are in this data set?
c.
How many observations are in this data set?
d.
Name the variables and indicate whether they are categorical or quantitative.
e.
For which variables are arithmetic operations appropriate and for which are they not appropriate?
ANSWER:
a.
7
b.
3
c.
7
d.
Hi: quantitative, Lo: quantitative, Condition: categorical
e.
Hi: appropriate, Lo: appropriate, Condition: not appropriate
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Subjective Short Answer
HAS VARIABLES:
False
STUDENT ENTRY MODE:
Basic
LEARNING OBJECTIVES:
BSST.ASWC.20.01.02 - Data
NATIONAL STANDARDS:
United States - BUSPROG: Analytic
STATE STANDARDS:
United States - AK - DISC: IMA: Reporting
KEYWORDS:
Bloom's: Understand
DATE CREATED:
9/26/2018 11:22 AM
DATE MODIFIED:
1/18/2019 3:47 PM
88. The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc.
Yearly Income
(In $1,000s)
Number
of Employees