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Test Bank for Business Statistics 3rd Edition Donnelly (All Chapters included)

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Complete Test Bank for Business Statistics 3rd Edition by Robert A. Donnelly ; ISBN13: 9780134685267. (Full Chapters included Chapter 1 to 18).... 1.An Introduction to Business Statistics 2.Displaying Descriptive Statistics 3.Calculating Descriptive Statistics 4.Introduction to Probabilities 5.Disc...

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TEST BANK
SERINA AL HADDAD
Rollins College
R
E U
BUSINESS STATISTICS
S
T HIRD E DITION
S I
O
N
Robert A. Donnelly
N
O
C
E D
M

, Table of Contents

Chapter 1: An Introduction to Business Statistics………………………………………………1-1
Chapter 2: Displaying Descriptive Statistics……………………………………………………2-1
Chapter 3: Calculating Descriptive Statistics………………………………………...…………3-1
R
Chapter 4: Introduction to Probabilities…………………………………………...……………4-1
U
Chapter 5: Discrete Probability Distributions…………………………………………..………5-1
E
Chapter 6: Continuous Probability Distributions……………………………………………….6-1
Chapter 7: Sampling and Sampling Distributions………………………………………………7-1
S
Chapter 8: Confidence Intervals………………………………………………………………...8-1
S
Chapter 9: Hypothesis Testing for a Single Population………………………………………...9-1
I
Chapter 10: Hypothesis Tests Comparing Two Populations…………………………………..10-1
O
Chapter 11: Analysis of Variance (ANOVA) Procedures……………………………………..11-1
N
Chapter 12: Chi-Square Tests………………………………………………………………….12-1
N
Chapter 13: Hypothesis Tests for the Population Variance……………………………………13-1
Chapter 14: Correlation and Simple Linear Regression……………………………………….14-1
O
Chapter 15: Multiple Regression and Model Building………………………………………...15-1
C
Chapter 16: Forecasting………………………………………………………………………..16-1
D
Chapter 17: Decision Analysis………………………………………………………………...17-1
Chapter 18: Nonparametric Statistics………………………………………………………….18-1
E
M

,Business Statistics (Donnelly)
Chapter 1 An Introduction to Business Statistics

1) 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.
Answer: TRUE
Diff: 1
Keywords: introduction to statistics
R
Objective: 1.1.1
U
2) Business statistics 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.
E
Answer: TRUE
Diff: 1
S
Keywords: introduction to statistics
Objective: 1.1.1
S
3) Information is the basic foundation for the field of statistics and can be defined as the value
I
assigned to a specific observation or measurement.
O
Answer: FALSE
Diff: 1
Keywords: data
N
Objective: 1.2.1
N
4) One of the major reasons to use statistics is to transform data into information.
Answer: TRUE
O
Diff: 1
Keywords: introduction to statistics
Objective: 1.2.1
C
5) An employee records the number of customers that arrive at a retail store today. This is an
D
example of collecting information.
Answer: FALSE
E
Diff: 2
Keywords: data
M
Objective: 1.2.1

6) Primary data is data collected by the person or organization that eventually uses the data.
Answer: TRUE
Diff: 1
Keywords: primary data
Objective: 1.2.1

1-1
Copyright © 2020 Pearson Education, Inc.

, 1-2 Chapter 1

7) Asking customers at the shopping mall about their voting intentions in the upcoming political
election is an example of secondary data.
Answer: FALSE
Diff: 1
Keywords: primary data
Objective: 1.2.1

8) Analyzing unemployment data from the Bureau of Labor Statistics is an example of using
R
secondary data.
Answer: TRUE
U
Diff: 1
Keywords: secondary data
E
Objective: 1.2.1
S
9) 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.
S
Answer: TRUE
Diff: 1
I
Keywords: primary data
O
Objective: 1.2.1
N
10) Analyzing snowfall amounts in New York over the past 100 years to help predict future
weather patterns is an example of using primary data.
Answer: FALSE
N
Diff: 1
Keywords: secondary data
O
Objective: 1.2.1
C
11) Bias can occur in a survey when a question is stated in a way that encourages or leads a
respondent to a particular answer.
D
Answer: TRUE
Diff: 1
Keywords: survey, bias
E
Objective: 1.2.1
M
12) 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.
Answer: FALSE
Diff: 1
Keywords: direct observation
Objective: 1.2.1

Copyright © 2020 Pearson Education, Inc.

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