Bana 2372 test - Study guides, Class notes & Summaries

BANA 2372 Chapter 2 Test Prep Questions with Correct Answers The difference between the lower class limits of adjacent classes provides the: - Answer-class width The relative frequency of a class is computed by: - Answer-dividing the frequency of the class by the sample size. A survey of a random sample of 100 people was conducted. The participants were asked whether or not they had a dog and whether or not they had allergies. The results are shown below: What percent of the people s...

BANA 2372 Test Questions with Correct Answers Umbrella corporation would like to survey its employees about the level of interest in flexible work schedules. Which of the following is the parameter of interest in this study? - Answer-Percentage of employees who are interested in flexible work schedules. The director of the online MBA program at a large business school surveys a sample of current students to determine their level of satisfaction with the program. She finds that 68% report be...

BANA 2372 Test Questions with All Correct Answers When studying students at SHSU what are the elements of the experiment? - Answer-students If you studied students height correlations at SHSU what would be the variable? - Answer-height Labels or names, ex. freshman, sophomore.. are referred to as what type of data? - Answer-nominal data Ranking systems, ex. 5 movies in ranking of preference...is referred to as what type of data? - Answer-ordinal Numerical data, ex. college SAT scor...

BANA 2372 Chapter 2 Test Prep Questions with Correct Answers The difference between the lower class limits of adjacent classes provides the: - Answer-class width The relative frequency of a class is computed by: - Answer-dividing the frequency of the class by the sample size. A survey of a random sample of 100 people was conducted. The participants were asked whether or not they had a dog and whether or not they had allergies. The results are shown below: What percent of the people sur...

BANA 2372 Test Que Umbrella corporation would like to survey its employees about the level of interest in flexible work schedules. Which of the following is the parameter of interest in this study? - Answer-Percentage of employees who are interested in flexible work schedules. The director of the online MBA program at a large business school surveys a sample of current students to determine their level of satisfaction with the program. She finds that 68% report being "very satisfied" with...

BANA 2372 Test Questions with All Correct Answers When studying students at SHSU what are the elements of the experiment? - Answer- students If you studied students height correlations at SHSU what would be the variable? - Answer-height Labels or names, ex. freshman, sophomore.. are referred to as what type of data? - Answer-nominal data Ranking systems, ex. 5 movies in ranking of preference...is referred to as what type of data? - Answer-ordinal Numerical data, ex. college SAT sc...

BANA 2372 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT statistical interference - Answer-The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population. -exp: In a sample of 800 students in a university, 160, or 20%are Business majors. the school reported "20% of all students at the university are Business majors". Variance - Answer-The descriptive measure NOT measured in the same units as the original data Excel's Cha...

BANA 2372 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT statistical interference - Answer-The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population. -exp: In a sample of 800 students in a university, 160, or 20%are Business majors. the school reported "20% of all students at the university are Business majors". Variance - Answer-The descriptive measure NOT measured in the same units as the original data Excel's...

BANA 2372 TEST QUESTIONS WITH ALL CORRECT ANSWERS What is the formula for calculating density? - Answer-relative frequency / interval width How do you calculate the interquartile range? - Answer-Q3 - Q1 What does the five number summary consist of? - Answer-smallest value, Q1, Q3, median, and largest value What is the formula to calculate the lower limit? - Answer-Q1-1.5*(IQR) What is the formula to calculate the upper limit? - Answer-Q3+1.5*(IQR) What is the process that you do...

BANA 2372 TEST QUESTONS WITH CORRECT ANSWERS