QMB 3200 COMPILED REVISION MATERIALS

In computing the standard error of the mean, the finite population correction factor is not used when: a. n ≥ 30 b. n/N ≤ 0.05 c. N/n ≤ 0.05 d. n/N > 0.05 b. n/N ≤ 0.05 A sample statistic, such as x bar , that estimates the value of the corresponding population parameter is known as...

Excel's __________ can be used to construct a crosstabulation. a. COUNTIF function b. PivotTable Report c.Chart Tools d.SUM function B The sum of the percent frequencies for all classes will always equal number of items in the study b.100 number of classes B Excel...

The standard deviation of a point estimator is the standard error Cluster sampling is a probability sampling method The interquartile range is the difference between the first and third quartiles A __________ can be used to graphically present quantitative data. both a histogram and a stem-an...

The standard deviation of a point estimator is the _____. standard error As the sample size increases, the _____. standard error of the mean decreases The standard deviation of p̄ is referred to as the _____. standard error of the proportion The value of the ___________ is used to estimate th...

Data The facts & figures collected, analyzed, and summarized for presentation and interpretation. Dataset All the data collected in a particular study. Element The entity on which data is collected (Think each individual nation) Variable A characteristic of interest of an element(Think GDP or...

______ data has the benefit of a true zero point ratio a method of gathering data when subjects are exposed to certain treatments and the data of interest is recorded is known as ______ experiments collecting data about the television viewers for the Summer Olympics is an example of using statis...

Statistics the mathematical science that deals with the collection, analysis, and presentation of data, which can be used for inference marketing research focus groups, customer surveys, predicting consumer buying patterns advertising household surveys, tv viewing habits operations quality co...

Which of the following statements regarding a time series technique is true? Time series techniques focus on the historical behavior of some outcome of interest to predict its future behavior. Which time series technique predicts a future value by combining the previous prediction and some portion...

data the facts & figures collected, analyzed, & summarized for presentation & interpretation dataset all the data collected for a particular analysis element the entity on which data is collected variable a characteristic of interest of an element observation the variables associated with a...

In a data set, the number of observations will always be the same as the number of _____. elements data sets variables data elements Data collected at the same, or approximately the same, point in time are _____ data. static time series cross-sectional one-dimensional cros...

Dataset all the data collected for a particular analysis. Element the entity on which data is collected. Variable a characteristic of interest of an element. Observation the variables associated with an individual element. Categorical use numeric or ordinal values of measurement of categori...

The results of a recent poll on the preference of shoppers regarding two products are shown below. Product; Shoppers Surveyed; Shoppers Favoring A; 800; 560 B; 900; 612 Refer to Exhibit 11-6. The 95% confidence interval estimate for the difference between the populations favoring the product...

A population where each element of the population is assigned to one and only one of exactly two classes or categories is a Binomial Population Goodness of fit test utilizes Chi-square test A goodness of fit test is never conducted as a Lower tailed Test or a Two Tailed Test An important appli...

population all possible subjects of interest sample subset of a population parameters values describing population statistic values describing sample sampling distribution distribution patter that averages or proportions follow when samples are randomly drawn standard error standard devia...