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bus 215 quiz answers || All correct.

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When formatting a cell as an absolute reference or address, you correct answers Highlight the reference in the formula and Press F4 Why would you use an absolute cell reference in a formula? correct answers Using an absolute reference allows you to fill a formula down while still pointing to the...

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  • August 3, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Bus 215
  • Bus 215
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bus 215 quiz answers || All correct.
When formatting a cell as an absolute reference or address, you correct answers Highlight the
reference in the formula and Press F4

Why would you use an absolute cell reference in a formula? correct answers Using an
absolute reference allows you to fill a formula down while still pointing to the absolute
reference

What is an easy way to transpose a long list of numbers? correct answers Copy & Paste
Special

You can... correct answers All of the above:
- change the row height
- hide a row
- insert and delete a row

Hardcoding a variable means correct answers Including the value of a variable in a formula

How are the Currency and Accounting number formats different? correct answers Both:
- The currency symbol is flush to the number in the currency format and flush left in the
accounting format
- A zero value is represented as a dash in the accounting format and a 0 in the currency
format

You can round the value of a cell by correct answers Using the Round formula

You can... correct answers Both:
- Insert a column
- hide a column

Conditional formatting is powerful because correct answers .
It enables rapid visual analysis of a data set

When formatting a cell as a fraction, what is the maximum number of digits that can be
displayed? correct answers Three

The best decision makers ... correct answers use the appropriate analysis of data they have
satisfied themselves are valid as a tool to inform their decision making.

Statistics ... correct answers Both:
- is the process of generating or collecting, organizing, analyzing, interpreting, and presenting
data.
- are calculations made from sample data.

The limitations of statistics include ... correct answers analyst bias.

To what did the following quote from the instructor's notes refer? "There are lies, damned
lies, and statistics." correct answers analyst ethics.

, Deconstructing a process into its component parts and determining how those parts relate to
each other and the overall purposes of the process is an example of ... correct answers
analyzing.

To what does the phrase "Garbage in, garbage out" refer? correct answers The effect the
quality of data has on decisions made informed by an analysis of those data

The value of a specific variable for a specific observation is correct answers a datum

The response scale [1. Spruce 2. Hemlock 3. Maple 4. Oak 5. Cedar] will yield ___________
data. correct answers nominal

The response scale [Lowest 1 2 3 4 5 Highest] will yield ____________ data. correct answers
interval

To calculate a percentage change between values, we need ______________ data. correct
answers ratio

Which data are not continuous or treated as continuous? correct answers Number of defects
in production runs

The closing values of the S&P 500 Index for each trading day in 2020 are what type of data?
correct answers Time Series

Random sampling is used to minimize/eliminate correct answers bias

Study a sample rather than a population when correct answers the act of testing/studying
destroys the item being tested/studied

Selecting every kth item from an ongoing production line is correct answers systematic
sampling

Response error can be caused by correct answers social desirability

By using random sampling methods, the analyst demonstrates a bias toward correct answers
random sampling error

Our preliminary analysis of the data we just collected is intended to provide us with insight
into ________ of the data set. correct answers the center, variability, and shape

A histogram is a _______. correct answers column chart of the bin frequencies

The wider the bins used in the frequency distribution, the ________ the data will appear in
the histogram. correct answers smoother

The cumulative frequencies are _______. correct answers a running total of the bin
frequencies as a percentage of the sample size

If the data are skewed left, _______. correct answers the mean is dragged to the left of the
peak within the distribution

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