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Solutions Manual for Basic Statistics in Business and Economics 10th Edition by Douglas Lind
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Solutions Manual for Basic Statistics in Business and Economics 10th Edition by Douglas Lind, William Marchal and Samuel Wathen. ISBN-10: 7 ISBN-13: 6313 All chapters solutions manual, complete exercises / problems Chapter 1: What is Statistics? Chapter 2: Describing Data: Frequency Ta...

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  • April 17, 2022
  • 245
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • basic statistics
  • business
  • economics
  • 10e
  • lind
  • 9781260716313
  • solutions manual

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  • Stats
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Chapter 01 - What Is Statistics?



Chapter 1
What Is Statistics?
1. a. Interval b. Ratio
c. Nominal d. Nominal
e. Ordinal f. Ratio (LO1-5)

2. a. Ratio b. Nominal
c. Ratio d. Ratio (LO1-5)

3. Answer will vary. (LO1-5)

4. a. Sample b. Population
c. Population d. Sample (LO1-3)

5. Qualitative data is not numerical, whereas quantitative data is numerical. Examples will vary
by student. (LO1-4)

6. A population is the entire group which you are studying. A sample is a subset taken from a
population. (LO1-3)

7. Discrete variables can assume only certain values, but continuous variables can assume any
values within some range. Examples will vary. (LO1-4)

8. a. A population is used because the professor likely has grades readily available from
every student over the past 5 years.
b. A population is employed because the information is easy to find.
c. A population is used because the information is easy to find.
d. A sample works because it is difficult to locate every musical. (LO1-3)

9. a. Ordinal
b. Ratio
c. The newer system provided information on the distance between exits. (LO1-5)

10. The cell phone provider is nominal level data. The minutes used are ratio level. Satisfaction is
ordinal level. (LO1-5)

11. If you were using this store as typical of all Barnes & Noble stores then it would be sample
data. However, if you were considering it as the only store of interest, then the data would be
population data. (LO1-3)

12. In a presidential election all votes are counted, thus it is similar to a census of the entire
population. However, an “exit” poll consists of only some voters and thus is more like a
sample of the entire population. (LO1-3)




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