100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Test Bank for Business Statistics and Analytics in Practice, 9th Edition Bowerman (All Chapters included) CA$42.30   Add to cart

Exam (elaborations)

Test Bank for Business Statistics and Analytics in Practice, 9th Edition Bowerman (All Chapters included)

 29 views  2 purchases
  • Course
  • Introduction to Statistics
  • Institution
  • Introduction To Statistics

Complete Test Bank for Business Statistics and Analytics in Practice, 9th Edition by Bruce L. Bowerman, Richard T. O'Connell, Emily S. Murphree ; ISBN13: 9781260287844. (Full Chapters included Chapter 1 to 19)....Chapter 1 An Introduction to Business Statistics and Analytics Chapter 2 Descriptive ...

[Show more]

Preview 3 out of 1414  pages

  • February 16, 2024
  • 1414
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Introduction to Statistics
  • Introduction to Statistics
avatar-seller
TEST BANK




Business Statistics and Analytics in
Practice, 9th Edition by Bruce L.
Bowerman



Complete Chapters Test Bank
are included (Ch 1 to 19)




** Immediate Download
** Swift Response
** All Chapters included

,Business Statistics and Analytics in Practice, 9e (Bowerman)
Chapter 1 An Introduction to Business Statistics and Analytics

1) A population is a set that includes all elements about which we wish to draw a conclusion.

Answer: TRUE
Difficulty: 1 Easy
Topic: Populations, Samples, and Traditional Statistics
Learning Objective: 01-07 Describe the difference between a population and a sample.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

2) If we examine some of the population measurements, we are conducting a census of the
population.

Answer: FALSE
Explanation: A census is defined as examining all of the population measurements.
Difficulty: 2 Medium
Topic: Populations, Samples, and Traditional Statistics
Learning Objective: 01-07 Describe the difference between a population and a sample.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

3) A random sample is selected so that every element in the population has the same chance of
being included in the sample.

Answer: TRUE
Difficulty: 1 Easy
Topic: Random Sampling and Three Case Studies That Illustrate Statistical Inference
Learning Objective: 01-09 Explain the concept of random sampling and select a random sample.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation




1

, 4) An example of a quantitative variable is the manufacturer of a car.

Answer: FALSE
Explanation: This is an example of a qualitative or categorical variable.
Difficulty: 1 Easy
Topic: Data
Learning Objective: 01-02 Describe the difference between a quantitative variable and a
qualitative variable.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

5) An example of a qualitative variable is the mileage of a car.

Answer: FALSE
Explanation: This is an example of a quantitative variable.
Difficulty: 1 Easy
Topic: Data
Learning Objective: 01-02 Describe the difference between a quantitative variable and a
qualitative variable.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

6) Statistical inference is the science of using a sample of measurements to make generalizations
about the important aspects of a population of measurements.

Answer: TRUE
Difficulty: 2 Medium
Topic: Populations, Samples, and Traditional Statistics
Learning Objective: 01-08 Distinguish between descriptive statistics and statistical inference.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

7) Time series data are data collected at the same time period.

Answer: FALSE
Explanation: Time series data are collected over different time periods.
Difficulty: 1 Easy
Topic: Data
Learning Objective: 01-03 Describe the difference between cross-sectional data and time series
data.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

8) Cross-sectional data are data collected at the same or approximately the same point in time.
2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller mizhouubcca. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$42.30. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81531 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$42.30  2x  sold
  • (0)
  Add to cart