100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Essentials of Statistics for Business and Economics 6th Edition By by David R. Anderson - Test Bank $29.71   Add to cart

Exam (elaborations)

Essentials of Statistics for Business and Economics 6th Edition By by David R. Anderson - Test Bank

 2 views  0 purchase
  • Course
  • Institution

Test Bank For Essentials of Statistics for Business and Economics 6th Edition By by David R. Anderson

Preview 4 out of 535  pages

  • October 5, 2023
  • 535
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
,CHAPTER 1—DATA AND STATISTICS


MULTIPLE CHOICE

1. Methods for developing useful decision-making information from large data bases is known as
a. data manipulation
b. data monitoring
c. data base conversion
d. data mining

ANS: D PTS: 1 TOP: Descriptive Statistics

2. The process of capturing, storing, and maintaining data is known as
a. data manipulation
b. data monitoring
c. data warehousing
d. category analysis

ANS: C PTS: 1 TOP: Descriptive Statistics

3. The subject of data mining deals with
a. methods for developing useful decision-making information from large data bases
b. keeping data secure so that unauthorized individuals cannot access the data
c. computational procedure for data analysis
d. computing the average for data

ANS: A PTS: 1 TOP: Descriptive Statistics

4. In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an
example of the
a. ordinal scale
b. nominal scale
c. ratio scale
d. interval scale

ANS: B PTS: 1 TOP: Descriptive Statistics

5. The nominal scale of measurement has the properties of the
a. ordinal scale
b. only interval scale
c. ratio scale
d. None of these alternatives is correct.

ANS: D PTS: 1 TOP: Descriptive Statistics

© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a
publicly accessible website, in whole or in part.

, 6. The scale of measurement that is used to rank order the observation for a variable is called the
a. ratio scale
b. ordinal scale
c. nominal scale
d. interval scale

ANS: B PTS: 1 TOP: Descriptive Statistics

7. Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is
an example of the
a. ordinal scale
b. ratio scale
c. nominal scale
d. interval scale

ANS: A PTS: 1 TOP: Descriptive Statistics

8. The ordinal scale of measurement has the properties of the
a. ratio scale
b. interval scale
c. nominal scale
d. ratio and interval scales

ANS: C PTS: 1 TOP: Descriptive Statistics

9. The ratio scale of measurement has the properties of
a. only the ordinal scale
b. only the nominal scale
c. the rank scale
d. the interval scale

ANS: D PTS: 1 TOP: Descriptive Statistics

10. Temperature is an example of a variable that uses
a. the ratio scale
b. the interval scale
c. the ordinal scale
d. either the ratio or the ordinal scale

ANS: B PTS: 1 TOP: Descriptive Statistics

11. The interval scale of measurement has the properties of the
a. ratio and nominal scales
b. ratio and ordinal scales
c. ratio scale
d. None of these alternatives is correct.
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a
publicly accessible website, in whole or in part.

, ANS: D PTS: 1 TOP: Descriptive Statistics

12. Arithmetic operations are inappropriate for
a. the ratio scale
b. the interval scale
c. both the ratio and interval scales
d. the nominal scale

ANS: D PTS: 1 TOP: Descriptive Statistics

13. Income is an example of a variable that uses the
a. ratio scale
b. interval scale
c. nominal scale
d. ordinal scale

ANS: A PTS: 1 TOP: Descriptive Statistics

14. Data obtained from a nominal scale
a. must be alphabetic
b. can be either numeric or nonnumeric
c. must be numeric
d. must rank order the data

ANS: B PTS: 1 TOP: Descriptive Statistics

15. The scale of measurement that has an inherent zero value defined is the
a. ratio scale
b. nominal scale
c. ordinal scale
d. interval scale

ANS: A PTS: 1 TOP: Descriptive Statistics

16. Arithmetic operations are appropriate for
a. only the ratio scale
b. only the interval scale
c. the nominal scale
d. None of these alternatives is correct.

ANS: D PTS: 1 TOP: Descriptive Statistics

17. Quantitative data refers to data obtained with a(n)
a. ordinal scale
b. nominal scale

© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a
publicly accessible website, in whole or in part.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.71. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$29.71
  • (0)
  Add to cart