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Test Bank For Statistical Techniques in Business and Economics 18th Edition by Douglas Lind. Isbn: 9781260239478.

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Course
Introduction to Statistics

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Introduction To Statistics

Test Bank For Statistical Techniques in Business and Economics 18th Edition by Douglas Lind, William Marchal, Samuel Wathen. Statistical Techniques in Business and Economics 18e test bank. Douglas Lind 18e test bank for Statistical Techniques.

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Uploaded on February 18, 2024
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Contains Questions & answers

18th edition
douglas lind
samuel wathen
lind 18e test bank
test bank
statistical techniques test bank
business and economics test bank
statistical techniques in business and economics

Institution Introduction to Statistics
Course Introduction to Statistics

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TEST BANK Statistical Techniques in Business and Economics 18/E Douglas 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

1

,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.

2

, ⊚ true
⊚ false

16) The Union of Electrical Workers of America with 9,128 members polled 362 members
about a new wage package that will be submitted to management. The population is the 362
members.
⊚ true
⊚ false

17) The CIA World Factbook cited these numbers for the United States:
● The birthrate is 13.66 births per 1,000 of the population.
● The average life expectancy for females is 81.17 years.
● Approximately 316.7 million persons reside in the United States.
Each of these numbers is referred to as a statistic.
⊚ true
⊚ false

18) If we select 100 persons from 25,000 registered voters and question them about
candidates and issues, the 100 persons are referred to as the population.
⊚ true
⊚ false

19) Statistics is defined as a body of techniques used to facilitate the collection, organization,
presentation, analysis, and interpretation of information for the purpose of making better
decisions.
⊚ true
⊚ false

20) Categorizing voters as Democrats, Republicans, and Independents is an example of
interval level measurement.
⊚ true
⊚ false

3

, 21) The order in which runners finish in a race would be an example of continuous data.
⊚ true
⊚ false

22) Based on a sample of 3,000 people, the civilian unemployment rate in the United States
was 5.5%. The 5.5% is referred to as a statistic.
⊚ true
⊚ false

23) The principal difference between the interval and ratio scale is that the ratio scale has a
meaningful zero point.
⊚ true
⊚ false

24) The branch of mathematics used to facilitate the collection, organization, presentation,
analysis, and interpretation of numerical information is referred to as statistics.
⊚ true
⊚ false

25) The number of children in a family is a discrete variable.
⊚ true
⊚ false

MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
26) The main purpose of descriptive statistics is to

A) summarize data in a useful and informative manner.
B) make inferences about a population.
C) determine if the data adequately represent the population.
D) gather or collect data.

27) Which of the following is an example of a continuous variable?

4

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Exam (elaborations)

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