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Business Analysis Exam 1 - true or false questions rated 100% correct.
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Business Analysis Exam 1 - true or falsequestions rated 100% correct.
Statistics is the mathematical science that deals with the collection, analysis, and presentation of data-
data that can then be used as a basis for inference and induction ANS - true
Business Analytics are statistics applied to the business world in an effort to improve people's decision
making in fields such as marketing research, operations, finance, and advertising. ANS - true
Information is the basic foundation for the field of statistics and can be defined as the value assigned to
a specific observation or measurement ANS - false
One of the major reasons to use statistics is to transform data into information ANS - true
Primary data is data collected by the person or organization that eventually uses the data. ANS - true
Asking customers at the shopping mall about their voting intentions in the upcoming political election is
an example of secondary data. ANS - false
Analyzing unemployment data from the Bureau of Labor Statistics is an example of using secondary data
ANS - true
A hotel employee asks customers who are checking out to rate their satisfaction on a scale of 1-10. This
is an example of collecting primary data. ANS - true
Analyzing snowfall amounts in New York over the past 100 years to help predict future weather patterns
is an example of using primary data. ANS - false
Bias can occur in a survey when a question is stated in a way that encourages or leads a respondent to a
particular answer ANS - true
, A restaurant manager randomly selects tables at which customers have just been seated and records
the amount of time it takes for the wait staff to greet these customers. This is an example of an
experiment being used to collect data ANS - false
A manager of an electronics store would like to investigate the impact that price has on the demand for
laptop computers. Each week, the price of a Dell laptop is adjusted and the demand for each week is
recorded. This is an example of an experiment being used to collect data. ANS - true
To help ensure good questionnaire design, it is recommended that a survey is tested on a small group of
respondents before releasing it to the actual participants. ANS - true
Education level is an example of nominal data ANS - true
The interval measurement level is considered quantitative data ANS - true
The number of pages in your business statistics textbook is an example of quantitative data ANS - true
Your cell phone number is an example of quantitative data ANS - false
A respondent to a survey indicates that she drives a Ford Taurus. This is an example of qualitative data
ANS - true
A respondent to a survey indicates that he has lived in his current residence for three years. This is an
example of qualitative data. ANS - false
The purpose of inferential statistics is to make claims or conclusions about a population based on a
sample ANS - true
A limitation of descriptive statistics is that, by summarizing large quantities of data, you lose information
ANS - true
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