BAN 280 Quiz Answers Verified And Accurate For Guaranteed Pass Graded A+.
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Course
BAN 280
Institution
BAN 280
Chapter 1 - correct answer
In statistical analysis, inferential statistics is used to - correct answer only 1 and 2 are correct
A summary measuere computed from a population is referred to as a - correct answer ...
In statistical analysis, inferential statistics is used to - correct answer only 1 and 2
are correct
A summary measuere computed from a population is referred to as a - correct answer
Parameter
An example of a population parameter is - correct answer a and b are both
parameters
From the following, identify the example of a continuous variable. - correct answer
both 2 and 4 are continuous
Qualitative data - correct answer may be either numeric or nonnumeric
Which of the following is an example of a quantitative variable? - correct answer
the number of students in a room
Social security numbers consist of numeric values. Therefore, social security is an example of - correct
answer a qualitive variable
___________ data are not really numerical but are merely levels or categories or simply assigned values.
The example would be sex (1-Male 2-Female), or directions (1-E 2-W 3-N 4-S). - correct answer
nominal data
When your data is NOT a sequence of observations that taken in an orderly fashion with respect to time
you are using - correct answer cross sectional data
,When your data is a sequence of observations that taken in an orderly fashion with respect to time you
are using - correct answer time series data
Chapter 2 - correct answer
The absolute frequency for the class 25 but < 35 is - correct answer the number of
observations in the data set >= 25 but < 35
The relative frequency for the class 25 but < 35 is - correct answer the number of
observations in the data set >= 25 but < 35 divided by the sample size
The cumulative relative frequency for the class 25 but < 35 is - correct answer the
number of observations in the data set < 35 divided by the sample size
What is the standard class width for the following table?
Class (items/day)
20 But < 40
40 but < 50
50 but < 60
60 but < 70
70 but < 80
80 but <90
90 but <110
Total - correct answer 10
The first class in the following table:
,24 But <40
40 But < 44
44 but < 48
48 but < 52
52 but < 56
56 but < 60
60 but < 64
64 but < 68
68 but < 72 - correct answer b and c are both correct
What is the cumulative absolute frequency for the class 80 but < 100 in the following table?
Class (production/day) Absolute Frequency
0 but < 40 5
40 but < 60 10
60 but < 80 50
80 but < 100 80
100 but < 120 35
120 but < 200 20
Total 200 - correct answer 145
Consider for the following table and histogram:
Class (production/day)
, Absolute Frequency
0 but < 40
4
40 but < 60
8
60 but < 80
49
80 but < 100
80
100 but < 120
39
120 but < 200
20
Total
200 - correct answer the histogram does NOT correctly represent the absolute
frequency distribution in the table
What is Q1 given the following data:
7
3
9
5
5
5
6
6
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