Statistics for Business & Economics 14th Edition by David R. Anderson test bank
Male
4
a.
How many elements are in the above data set?
b.
How many variables are in this data set?
c.
How many observations are in this data set?
d.
Which variables are categorical and which are quantitative variables?
e.
What measurement scale is used for each variable?
ANSWER:
a.
7
b.
5
c.
7
d.
Grade point average is quantitative. All others are categorical.
e.
Identification Number: nominal
Grade Point Average: ratio
Classification: ordinal
Gender: nominal
Rank in Class: ordinal
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
94. The following information regarding the ten richest Americans was reported in a recent issue of Forbes.
Name
Ranking
Worth
($Billions)
Age
Marital Status
Source
Gates, William
1
59.0
51
married
Microsoft
Buffett, Warren
2
52.0
77
married
Berkshire Hathaway
Adelson, Sheldon
3
28.0
74
married
casinos, hotels
Ellison, L. J.
4
26.0
63
married
Oracle
Brin, Sergey
5
18.5
34
married
Page, Larry
5
18.5
34
single
Kerkorian, Kirk
7
18.0
90
divorced
investments, casinos
Dell, Michael
8
17.2
42
married
Dell
Koch, Charles
9
17.0
71
married
oil, commodities
Koch, David
9
17.0
67
married
oil, commodities
a.
How many elements are in the above data set?
b.
How many variables are in this data set?
c.
How many observations are in this data set?
d.
Which variables are categorical and which are quantitative?
e.
What measurement scale is used for each variable?
ANSWER:
a.
10
b.
5
c.
10
d.
Worth and Age are quantitative
Ranking, Marital Status, and Source are categorical
e.
Ranking: ordinal
Worth: ratio
Age: ratio
Marital Status: nominal
Source: nominal
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
95. The following national weather report gives the temperatures and weather conditions on the previous day in cities across the nation.
City
Hi
Lo
Condition
Albany, N.Y.
88
60
cloudy
Chicago
92
64
clear
Dallas-Ft.Worth
89
72
cloudy
Denver
75
54
clear
Hartford
88
61
cloudy
Honolulu
86
70
clear
Kansas City
93
74
clear
Los Angeles
80
62
cloudy
Nashville
94
72
rain
New York City
90
69
rain
Philadelphia
90
67
rain