Groebner Business Statistics: A Decision Making Approach 11e (Complete And Verified Study material) (575pages) LEARNEXAMS

Chapter 1 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Statistics is a discipline that involves tools and techniques used to describe data and draw conclusions. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 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. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 3) Descriptive statistics allow a decision maker to reach a conclusion about a population based on a subset from the population. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 4) 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 estimation. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 5) Another term for the arithmetic average is the mean. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 6) A sales manager has five salespeople. The following are the number of units sold by the five salespeople during the past week: {5, 13, 6, 2, 4}. Based on the data, the mean number of units sold was 6 units. A) True B) False Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 7) The use of charts and graphs is an example of: A) inferential statistics. B) hypothesis testing. C) descriptive statistics. D) estimation. Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications. 8) When an administrator at a local hospital prepares a series of charts and graphs pertaining to the patients that have stayed at the hospital during the past month, she is using which general category of statistical analysis? A) Descriptive statistics B) Quantitative statistics C) Inferential statistics D) Random sampling Objective: (1.1) Apply knowledge of descriptive or inferential statistical applications.