Test Bank for Basic Business Statistics, 15th Edition Berenson (All Chapters included)
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Introduction to Statistics
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Introduction To Statistics
Complete Test Bank for Basic Business Statistics, 15th Edition by Mark L. Berenson, David M. Levine, David F. Stephan ; ISBN13: 9780138069384. (Full Chapters included Chapter 1 to 21)....F. First Things First,
Defining and Collecting Data,
Tabular and Visual Summarization of Variables,
Numerical...
Basic Business Statistics
15th Edition by Mark L. Berenson
Complete Chapters Test Bank
are included (Ch 1 to 21)
** Immediate Download
** Swift Response
** All Chapters included
, Answers Included
Berenson Basic Statistics 15e
Chapter 0 Test
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The process of using data collected from a small group to reach conclusions about a large group is called
A) DCOVA framework. B) descriptive statistics.
C) statistical inference. D) operational definition.
Objective:
2) Those methods involving the collection, presentation, and characterization of a set of data in order to properly
describe the various features of that set of data are called
A) DCOVA framework. B) statistical inference.
C) descriptive statistics. D) operational definition.
Objective:
3) The collection and summarization of the socioeconomic and physical characteristics of the employees of a
particular firm is an example of
A) inferential statistics. B) DCOVA framework.
C) operational definition. D) descriptive statistics.
Objective:
4) The estimation of the population average family expenditure on food based on the sample average expenditure of
1,000 families is an example of
A) inferential statistics. B) DCOVA framework.
C) operational definition. D) descriptive statistics.
Objective:
5) Which of the following is not an element of descriptive statistical problems?
A) Tables, graphs, or numerical summary tools.
B) An inference made about the population based on the sample.
C) Identification of patterns in the data.
D) The population or sample of interest.
Objective:
6) True or False: Problems may arise when statistically unsophisticated users who do not understand the
assumptions behind the statistical procedures or their limitations are misled by results obtained from computer
software.
A) True
B) False
Objective:
7) True or False: Managers need an understanding of statistics to be able to present and describe information
accurately, draw conclusions about large populations based on small samples, improve processes, and make
reliable forecasts.
A) True
B) False
Objective:
1
, Answers Included
8) True or False: A professor computed the sample average exam score of 20 students and used it to estimate the
average exam score of the 1,500 students taking the exam. This is an example of inferential statistics.
A) True
B) False
Objective:
9) True or False: Using the number of registered voters who turned out to vote for the primary in Iowa to predict the
number of registered voters who will turn out to vote in Vermont's primary is an example of descriptive statistics.
A) True
B) False
Objective:
10) True or False: Compiling the number of registered voters who turned out to vote for the primary in Iowa is an
example of descriptive statistics.
A) True
B) False
Objective:
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.
11) The Human Resources Director of a large corporation wishes to develop an employee benefits package and
decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the
various components of a potential package. In this study, methods involving the collection, presentation, and
characterization of the data are called ________.
Objective:
12) The Human Resources Director of a large corporation wishes to develop an employee benefits package and
decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the
various components of a potential package. In this study, methods that result in decisions concerning population
characteristics based only on the sample results are called ________.
Objective:
13) The oranges grown in corporate farms in an agricultural state were damaged by some unknown fungi a few years
ago. Suppose the manager of a large farm wanted to study the impact of the fungi on the orange crops on a daily
basis over a 6-week period. On each day a random sample of orange trees was selected from within a random
sample of acres. The daily average number of damaged oranges per tree and the proportion of trees having
damaged oranges were calculated. In this study, drawing conclusions on any one day about the true population
characteristics based on information obtained from the sample is called ________.
Objective:
14) The oranges grown in corporate farms in an agricultural state were damaged by some unknown fungi a few years
ago. Suppose the manager of a large farm wanted to study the impact of the fungi on the orange crops on a daily
basis over a 6-week period. On each day a random sample of orange trees was selected from within a random
sample of acres. The daily average number of damaged oranges per tree and the proportion of trees having
damaged oranges were calculated. In this study, the presentation and characterization of the two main measures
calculated each day (i.e., average number of damaged oranges per tree and proportion of trees having damaged
oranges) is called ________ .
Objective:
2
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