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[Show more]Business Statistics Chapters 1-4 Exam Study 
Guide 
Mean - answerAverage; the sum total of a data set divided by the number of values in the set. 
Gives the average value of the entire set 
Median - answerThe middle value of a data set that is in numerical order. If the number of 
values is even you...
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Add to cartBusiness Statistics Chapters 1-4 Exam Study 
Guide 
Mean - answerAverage; the sum total of a data set divided by the number of values in the set. 
Gives the average value of the entire set 
Median - answerThe middle value of a data set that is in numerical order. If the number of 
values is even you...
Business Summary Statistics Exam Questions 
And Answers ( Verified And Updated ) 
Describe how the range of a data set can help describe its variability. - answerThe range can 
help describe a data set by evaluating the whole of a data set, showing spread within a data set, 
and comparing the spread...
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And Answers ( Verified And Updated ) 
Describe how the range of a data set can help describe its variability. - answerThe range can 
help describe a data set by evaluating the whole of a data set, showing spread within a data set, 
and comparing the spread...
Business Stats: Practice Exam Questions 
With 100% Correct Answers 
A summary measure that is computed from a sample to a describe a characteristic of the 
population is called: 
a) population 
b) a statistic - answerstatistic 
A summary measure that is computed from a population is called... 
a) a ...
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Add to cartBusiness Stats: Practice Exam Questions 
With 100% Correct Answers 
A summary measure that is computed from a sample to a describe a characteristic of the 
population is called: 
a) population 
b) a statistic - answerstatistic 
A summary measure that is computed from a population is called... 
a) a ...
Business Summary Statistics Test Exam 
Questions With 100% Correct Answers 
Katie works as a waitress and records her monthly tips in the table shown below. If Katie 
decided not to work the month of November, how would her five month average compare to her 
six month average for monthly tips? - ans...
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Add to cartBusiness Summary Statistics Test Exam 
Questions With 100% Correct Answers 
Katie works as a waitress and records her monthly tips in the table shown below. If Katie 
decided not to work the month of November, how would her five month average compare to her 
six month average for monthly tips? - ans...
Business Statistics Practice Questions And 
Answers ( Verified And Updated ) 
Which of the following is NOT a use of descriptive statistics? - answerpredicting 
Education was measured as Freshman, Sophomore, Junior or Senior. What is the level of 
measurement for the variable? - answerordinal 
What ...
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Answers ( Verified And Updated ) 
Which of the following is NOT a use of descriptive statistics? - answerpredicting 
Education was measured as Freshman, Sophomore, Junior or Senior. What is the level of 
measurement for the variable? - answerordinal 
What ...
Business Statistics Exam 1 Questions And 
Answers ( Verified And Updated ) 
What is statistics? - answerScience of gathering, presenting, analyzing, and interpreting data 
Uses math and probability 
Convenient, not bias 
Branch of Statistics: Descriptive - answerGraphical or numerical summaries of d...
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Add to cartBusiness Statistics Exam 1 Questions And 
Answers ( Verified And Updated ) 
What is statistics? - answerScience of gathering, presenting, analyzing, and interpreting data 
Uses math and probability 
Convenient, not bias 
Branch of Statistics: Descriptive - answerGraphical or numerical summaries of d...
Statistics for Business and Economics Exam 
Questions With Verified Answers 
Statistics - answerDeveloping & applying techniques 
-collecting data 
-organizing data 
-analyzing data 
-interpreting results derived from data 
Branches of Statistics - answerDescriptive Statistics 
Inferential Statistic...
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Add to cartStatistics for Business and Economics Exam 
Questions With Verified Answers 
Statistics - answerDeveloping & applying techniques 
-collecting data 
-organizing data 
-analyzing data 
-interpreting results derived from data 
Branches of Statistics - answerDescriptive Statistics 
Inferential Statistic...
Business Stas - Descriptive Statistics Study 
Guide 
central tendency - answerthe extent to which the values of a numerical variable group around 
a typical or central value 
variation - answerthe amount of dispersion or scattering away from a central value that the 
values of a numerical variable s...
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Add to cartBusiness Stas - Descriptive Statistics Study 
Guide 
central tendency - answerthe extent to which the values of a numerical variable group around 
a typical or central value 
variation - answerthe amount of dispersion or scattering away from a central value that the 
values of a numerical variable s...
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