Test Bank for
Business Statistics
For Contemporary
Decision Making, 3rd
Canadian Edition, 3e
Ken Black, Tiffany
Bayley, Ignacio
Castillo (All Chapters
Download link at the
end of this file)
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, CHAPTER 1
INTRODUCTION TO STATISTICS
TRUE-FALSE STATEMENTS
1. Virtually all areas of business use statistics in decision making.
Answer: True
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
2. The complete collection of all entities under study is called the sample.
Answer: False
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
3. A portion or subset of the entities under study is called the statistic.
Answer: False
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
4. A descriptive measure of the population is called a parameter.
Answer: True
Difficulty: Easy
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, Introduction to Statistics 1-2
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
5. A census is the process of gathering data on all the entities in the population.
Answer: True
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
6. Statistics is commonly divided into two branches called descriptive statistics and summary
statistics.
Answer: False
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
7. Statistics is commonly divided into two branches called descriptive statistics and inferential
statistics.
Answer: True
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
8. A descriptive measure of the sample is called a statistic.
Answer: True
Difficulty: Easy
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, 1-3 Test Bank for Business Statistics, Third Canadian Edition
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
9. Gathering data from a sample to reach conclusions about the population from which the
sample was drawn is called descriptive statistics.
Answer: False
Difficulty: Medium
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
10. Gathering data from a sample to reach conclusions about the population from which the
sample was drawn is called inferential statistics.
Answer: True
Difficulty: Medium
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
11. The basis for inferential statistics is the ability to make decisions about population
parameters without having to complete a census of the population.
Answer: True
Difficulty: Easy
Learning Objective: Define important statistical terms, including population, sample, and
parameter, as they relate to descriptive and inferential statistics.
Section Reference: 1.1 Basic Statistical Concepts
Blooms: Knowledge
AACSB: Analytic
12. All numerical data must be analyzed statistically in the same way because all of them are
represented by numbers.
Answer: False
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