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Statistics for Business and Economics 11th Edition by Anderson Test bank

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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?

 
 
ANS: 
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
 

 
 
PTS:   1                    TOP:  Descriptive Statistics
 
   11.   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

 
a.
How many elements are in this data set?

b.
How many variables are in this data set?

c.
How many observations are there in the above data set?

d.
Which variables are categorical and which are quantitative?

e.
What measurement scale is used for temperature and weather conditions?

 
 
ANS: 
a.
11

b.
3

c.
11

d.
Temperature is quantitative

 
Weather Condition is categorical

e.
Temperature (Hi and Lo):  interval

 
Weather Condition:  nominal

 
 
PTS:   1                    TOP:  Descriptive Statistics
 
   12.   The following table shows the age distribution of a sample of 180 students at a local college.
 
AGE DISTRIBUTION OF
180 STUDENTS AT A LOCAL COLLEGE
 

Age of Students
Number of Students

15 - 19
  36

20 - 24
  44

25 - 29
  60

30 - 34
  38

35 - 39
    2

Total
     180

 
a.
Of the students in the sample, what percentage is younger than 20 years of age?

b.
What percentage is at least 30 years of age?

c.
Based on this sample, what percentage of the students at the college do you estimate to be younger than 25 years of age?

 
 
ANS: 
a.
20%

b.
22.22%

c.
44.44%

 
 
PTS:   1                    TOP:  Descriptive Statistics
 
   13.   The highway patrol is interested in determining the average speed of automobiles traveling on I-75 between Chattanooga and Atlanta.  To accomplish this task, the speed of every tenth car passing a particular point on I-75 is recorded.
 
a.
What is the population for this study?

b.
What constitutes the sample?

c.
Is speed a categorical or a quantitative variable?

d.
What type of measurement scale is used?

 
 
ANS: 
a.
All the automobiles on I-75

b.
All the tenth cars

c.
quantitative

d.
ratio

 
 
PTS:   1                    TOP:  Descriptive Statistics

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