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Test B ank For
BUSINESS STATISTICS
A DECISION-MAKING
APPROACH
David F. Groebner Patrick W. Sh annon Phillip C. Fry 1 / 4
The author and publisher of this book have used their best efforts in preparing this book. These efforts include the development, research, and testing of the theories and programs to determine their effectiveness. The author and publisher make no warranty of any kind, expressed or implied, with regard to these programs or the documentation contained in this book. The author and publisher shall not be liable in any event for incidental or consequential damages in connection with, or arising out of, the furnishing, performance, or use of these programs.Reproduced by Pearson from electronic files supplied by the author.Copyright © 2018, 2014 , 2011 Pearson Education, Inc.Publishing as Pearson, 330 Hudson Street, NY NY 10013 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America.
ISBN-13: 978-0- 13-450725-5
ISBN-10: 0-13-450725-8 2 / 4
1-1 Copyright © 2018 Pearson Education, Inc.Business Statistics, 9e (Groebner/Shannon/Fry) Chapter 1 The Where, Why, and How of Data Collection 1)Statistics is a discipline that involves tools and techniques used to describe data and draw conclusions.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
2) In this course, the term business statistics refers to the set of tools and techniques that are used to convert information into meaningful data.
Answer: FALSE
Diff: 1
Keywords: descriptive statistics and/or inferential statisti
cs
Section: 1-1 What Is Business Statistics
?
Outcome: none
3)Descriptive statistics allow a decision maker to reach a conclusion about a population based on a subset from the popula tion.
Answer: FALSE
Diff: 2
Keywords: descriptive statistics and/or inferential statisti
cs
Section: 1-1 What Is Business Statistics
?
Outcome: none
4)An accountant has recently prepared a report for a client that contains a variety of graphs and charts .In doing so, she has used descriptive statistical methods.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
5)Descriptive statistical tools include graphs, charts, and numerical measures.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
6)A histogram is an example of a numerical measure.
Answer: FALSE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none 3 / 4
1-2 Copyright © 2018 Pearson Education, Inc.7)Companies frequently use charts and graphs in their regular communications with stockholders and investors; this shows the use of descriptive statistics.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
8)A manufacturing manager has developed a table that shows the average production volume each da y for the past three weeks. The average production level is an example of a numerical measure.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
9)An accountant who recently examined 200 accounts from a company's total of 4,000 accounts in an effort to estimate the percentage of all accounts that have incorrect journal entries is using descript ive statistical analysis to reach the conclusion .
Answer: FALSE
Diff: 2
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
10) The editor of a local newspaper is interested in determining the percentage of subscribers who read the paper's editorials. The statistical technique that he would use is called estima tion.
Answer: TRUE
Diff: 2
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics
?
Outcome: none
11) Hypothesis testing and estimation are two statistical tools that are used to draw inferences about a large data set based on a subset of the data .
Answer: TRUE
Diff: 1
Keywords: inferential statisti
cs
Section: 1-1 What Is Business Statistics
?
Outcome: none
12) Another term for the arithmetic average is the me an.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics, mean
Section: 1-1 What Is Business Statistics
?
Outcome: none
- / 4
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