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Test Bank for Statistical Techniques in Business and Economics 18th Edition

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Test Bank for Statistical Techniques in Business and Economics 18th Edition TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) A population is a collection of all individuals, objects, or measurements of interest. ⊚ true ⊚ false 2) Statistics are used as ...

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  • July 14, 2022
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  • test bank for statistical techniques in business and economics 18th editiontest bank for statistical techniques in business and economics 18th edition test bank for statistical techniques in business

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Test Bank for Statistical Techniques in Business and Economics 18th Edition
Lind

,TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A population is a collection of all individuals, objects, or measurements of interest.
⊚ true
⊚ false



2) Statistics are used as a basis for making decisions.
⊚ true
⊚ false



3) A listing of 100 family annual incomes is an example of statistics.
⊚ true
⊚ false



4) The average number of passengers on commercial flights between Chicago and New
York City is an example of a statistic.
⊚ true
⊚ false



5) Statistics is used to report the summary results of market surveys.
⊚ true
⊚ false



6) A sample is a portion or part of the population of interest.
⊚ true
⊚ false



7) To infer something about a population, we usually take a sample from the population.
⊚ true
⊚ false



8) Descriptive statistics are used to find out something about a population based on a
sample.

, ⊚ true
⊚ false



9) There are four levels of measurement: qualitative, quantitative, discrete, and continuous.
⊚ true
⊚ false



10) The ordinal level of measurement is considered the "lowest" level of measurement.
⊚ true
⊚ false



11) A store asks shoppers for their zip codes to identify market areas. Zip codes are an
example of ratio data.
⊚ true
⊚ false



12) An ordinal level of measurement implies some sort of ranking.
⊚ true
⊚ false



13) Data measured on a nominal scale can only be classified into categories.
⊚ true
⊚ false



14) The terms descriptive statistics and inferential statistics can be used interchangeably.
⊚ true
⊚ false



15) A marketing research agency was hired to test a new DVD player. Consumers rated it
outstanding, very good, fair, or poor. The level of measurement for this experiment is ordinal.
⊚ true
⊚ false

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