100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BAN 280-800 Quizes 1, 3, 6-10 Complete Questions And Answers Success Guaranteed. $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. BAN 280
  4.  
  5. BAN 280

Exam (elaborations)

BAN 280-800 Quizes 1, 3, 6-10 Complete Questions And Answers Success Guaranteed.
 0 purchase
  • Course
  • BAN 280
  • Institution
  • BAN 280

In statistical analysis, inferential statistics is used to - correct answer only 1 and 2 are correct 1. analyze and infer from data obtained from a sample 2. make conclusions about a large set of data (population) from a smaller portion (sample) collected fr...

[Show more]

Preview 2 out of 10  pages

Document information

  • October 17, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ban 280 800 quizes 1 3 6 10

Written for

  • BAN 280
  • BAN 280

Seller

avatar-seller
RealGrades

Reviews received

Content preview

BAN 280-800 Quizes 1, 3, 6-10

In statistical analysis, inferential statistics is used to - correct answer only 1 and 2
are correct



1. analyze and infer from data obtained from a sample

2. make conclusions about a large set of data (population) from a smaller portion (sample) collected
from it.



A ___________ is computed from a sample and is used to estimate a population parameter. - correct
answer statistic



An example of a sample statistic is - correct answer Both the sample mean, X bar ,
and the sample standard deviation, sx



From the following, identify the example of a continuous variable. - correct answer
the temperature of the sand at the beach each day.



Ordinary arithmetic operations are meaningful - correct answer only with
quantitative data



__________ data is always numerical. The distances between the consecutive values of the interval
scale does have meaning but there is no absolute zero point. - correct answer Ratio
Data



Which of the following situations is an example of a qualitative variable? - correct answer
a yes or no answer to a question



When you collect data for your own analysis you are using - correct answer Primary
Data

, When your data is NOT a sequence of observations that taken in an orderly fashion with respect to time
you are using - correct answer cross sectional data



The symbol for the population Mean is _______. - correct answer the small Greek
letter mu, μ



The mean (called the "average" in excel) is the most widely used measure of central tendency (computer
by summing the numbers in the data set and then dividing by the number of numbers) and is robust of
outliers in the data set. - correct answer False



What is the standard deviation of the Spring sample data set?

Spring

500

560

556

600

530

500 - correct answer 38.8587



What is the mean of the Spring sample data set? - correct answer 541



What is the mode of the Spring sample data set? - correct answer 500



Suppose you have two data sets. The first data set has a mean of 100 and a standard deviation of 10.
The second data set has a mean of 500 and a standard deviation of 75. Which data set is MORE relatively
dispersed according the to coefficient of variation? - correct answer The second
data set is more relatively dispersed.



Examine the smallest and largest data values in the sample data set below. List any data values you
believe should not be in the data set (values you believe to be outliers that are too small or too large).

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 RealGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.49
  • (0)
Add to cart
Added