Solutions for Statistical Techniques in Business and Economics, 19th Edition Lind (All Chapters included)
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Course
International Economics
Institution
International Economics
Complete Solutions Manual for Statistical Techniques in Business and Economics, 19th Edition by Douglas A. Lind, William G. Marchal, Samuel A. Wathen ; ISBN13: 9781265322465. (Full Chapters included Chapter 1 to 20). Ch. 19 and 20 solutions not available...
1. What Is Statistics?.
2. Describing D...
Statistical Techniques in
Business and Economics
19th Edition
by Douglas A. Lind
Complete Chapter Solutions Manual
are included (Ch 1 to 20)
* There is no Solution for Ch. 19 & 20
** Immediate Download
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** All Chapters included
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, Chapter 1
What Is Statistics?
1.
a. Interval
b. Ratio
c. Nominal
d. Nominal
e. Ordinal
f. Ratio (LO1-5)
2.
a. Ratio
b. Nominal
c. Ratio
d. Ratio (LO1-5)
3. Answer will vary. (LO1-5)
4.
a. Sample
b. Population
c. Population
d. Sample (LO1-3)
5. Qualitative data is not numerical, whereas quantitative data is numerical. Examples will vary
by student. (LO1-4)
6. A population is the entire group which you are studying. A sample is a subset taken from a
population. (LO1-3)
7. Discrete variables can assume only certain values, but continuous variables can assume any
values within some range. Examples will vary. (LO1-4)
8.
a. A population is used because the professor likely has grades readily available from every
student over the past 5 years.
b. A population is used because the information is easy to find.
c. A population is used because you are interested in the top five companies.
d. During a selected season, a random sample of days would be selected, and the electricity
consumed recorded. (LO1-3)
9.
, a. Ordinal
b. Ratio
c. The newer system provided information on the distance between exits. (LO1-5)
10. The cell phone provider is nominal level data. The minutes used are ratio level. Satisfaction is
ordinal level. (LO1-5)
11.
a. The ranking of wearable technologies would most likely be based on a population. All
possible brands and models could be listed.
b. Since the ratings are self-reported, it is very likely that not all users submitted a rating.
Therefore, the ratings are a sample or a subset of the population. (LO1-3)
12. In a presidential election all votes are counted, thus it is similar to a census of the entire
population. However, an “exit” poll consists of only some voters and thus is more like a sample of
the entire population. (LO1-3)
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