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Study Resources (Statistics)

    51) A marketing manager for a textbook publisher meets with a group of several students who are paid to discuss what they like and dislike about their textbooks. This method of gathering data is known as A) direct observation. B) focus groups. C) experiments. D) surveys.   52) ________ data use numerical values to describe.
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    21) The ratio measurement level is considered qualitative data.   22) The number of pages in your business statistics textbook is an example of quantitative data.   23) Your cell phone number is an example of quantitative data.   24) A respondent to a survey indicates that she drives a Ford Taurus. This is an example.
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    31) A limitation of descriptive statistics is that, by summarizing large quantities of data, you lose information.   32) Predicting election results by asking voters their intentions is an example of descriptive statistics.   33) Deciding that a process that fills bottles with soda is functioning properly by checking the weights for a sample.
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    71) The following table shows the stock price for Google at the end of the past four quarters.   Quarter Year Stock Price 2 2011 $506 3 2011 $515 4 2011 $646 1 2012 $641   Which of the following data types best describe these values? A) cross-sectional B) nominal C) time series D) ordinal 72) The following table shows the number of televisions sold at the local Best Buy store last week.
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  31) The federal government would like to test the hypothesis that the average age of men filing for Social Security is higher than the average age of women set using α = 0.05 with the following data:                           A) 1.28 B) 1.645 C) -1.96 D) 2.33 32) The federal government would like to test the hypothesis.
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  111) Suppose Burger King has run a major advertising campaign in the hopes of increasing monthly sales. To investigate the effectiveness of this campaign, Burger King randomly selected seven restaurants and recorded the monthly sales before and after the advertising. The following data represents these sales figures in thousands of.
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  178) Suppose Holiday Inn has developed a new training program for hotel staff in an effort to increase customer satisfaction. The employees at the Newark location completed the training while the employees at the Concord location did not. Holiday Inn would like to test the hypothesis that the average customer.
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  177) Suppose Holiday Inn has developed a new training program for hotel staff in an effort to increase customer satisfaction. The employees at the Newark location completed the training while the employees at the Concord location did not. Holiday Inn would like to test the hypothesis that the average customer.
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  101) State University offers several sections of a Business Statistics course in an in-class and online format. Both formats are administered the same final exam each year. You have been assigned to test the hypothesis that the average final exam score of in-class students is different from the average final.
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    41) Using quality control techniques to test the salt content of pretzels before they are packaged for the consumer is an example of using statistics in the field of ________. A) marketing research B) advertising C) operations D) finance   42) ________ is (are) derived from facts for the purpose of making decisions. A) Data B) Information C) Statistics D).
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    1) Statistics is the mathematical science that deals with the collection, analysis, and presentation of data–data that can then be used as a basis for inference and induction.   2) Business statistics are statistics applied to the business world in an effort to improve people's decision making in fields such as.
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