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Applied Statistics in Business and Economics 6th Edition By David Doane-Test Bank Chapter (1 to 17)
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Applied Statistics in Business andEconomics 6th Edition by David Doane-Test
Bank Chapter (1 to 17)
,Content: _
Chapter 1 Overview of Statistics
Chapter 2 Data Collection
Chapter 3 Describing Data Visually
Chapter 4 Descriptive Statistics
Chapter 5 Probability
Chapter 6 Discrete Probability Distributions
Chapter 7 Continuous Probability Distributions
Chapter 8 Sampling Distributions and Estimation
Chapter 9 One-Sample Hypothesis Tests
Chapter 10 Two-Sample Hypothesis Tests
Chapter 11 Analysis of Variance
Chapter 12 Simple Regression
Chapter 13 Multiple Regression
Chapter 14 Time-Series Analysis
Chapter 15 Chi-Square Tests
Chapter 16 Nonparametric Tests
Chapter 17 Quality Management
,Applied Statistics in Business and Economics, 6e (Doane)
Chapter 1 Overview of Statistics
1) Statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data.
Answer: TRUE
Explanation: This is one of many good definitions of statistics.
Difficulty: 1 Easy
Topic: 01.01 What Is Statistics?
Learning Objective: 01-01 Define statistics and explain some of its uses.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
2) Inferential statistics refers to generalizing from a sample to a population, estimating unknown
parameters, drawing conclusions, and making decisions.
Answer: TRUE
Explanation: We can use statistics either to describe data or to infer something about a
population.
Difficulty: 1 Easy
Topic: 01.03 Statistics in Business
Learning Objective: 01-01 Define statistics and explain some of its uses.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
3) Descriptive statistics refers to summarizing data rather than generalizing about the population.
Answer: TRUE
Explanation: When we do not infer, we are only describing the available sample data.
Difficulty: 1 Easy
Topic: 01.03 Statistics in Business
Learning Objective: 01-01 Define statistics and explain some of its uses.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
, 4) Estimating parameters and testing hypotheses are important aspects of descriptive statistics.
Answer: FALSE
Explanation: When we generalize to a population, we are using inferential statistics.
Difficulty: 2 Medium
Topic: 01.03 Statistics in Business
Learning Objective: 01-01 Define statistics and explain some of its uses.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
5) Inconsistent treatment of data by a researcher is a symptom of poor survey or research design.
Answer: FALSE
Explanation: Good survey data can still be misused or misinterpreted.
Difficulty: 2 Medium
Topic: 01.05 Critical Thinking
Learning Objective: 01-04 State the common challenges facing business professionals using
statistics.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
6) Empirical data are collected through observations and/or experiments.
Answer: TRUE
Explanation: Empirical data are contrasted with <i>a priori</i> estimates (e.g., expecting 10
heads in 20 coin flips).
Difficulty: 2 Medium
Topic: 01.05 Critical Thinking
Learning Objective: 01-04 State the common challenges facing business professionals using
statistics.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
7) Business intelligence refers to collecting, storing, accessing, and analyzing data on the
company's operations in order to make better business decisions.
Answer: TRUE
Explanation: See Wikipedia for similar definitions of business intelligence.
Difficulty: 1 Easy
Topic: 01.03 Statistics in Business
Learning Objective: 01-01 Define statistics and explain some of its uses.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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