ONLINE TEST BANK GAIL ILLICH JAMES BALDONE McLennan Community College Birmingham Southern College BUSINESS STATISTICS: A FIRST COURSE EIGHTH EDITION (Complete And Verified Study material) (668pages) LEARNEXAMS

First Things First 1. The process of using data collected from a small group to reach conclusions about a large group is called a) statistical inference. b) DCOVA framework. c) operational definition. d) descriptive statistics. ANSWER: a TYPE: MC DIFFICULTY: Easy KEYWORDS: inferential statistics 2. Those methods involving the collection, presentation, and characterization of a set of data in order to properly describe the various features of that set of data are called a) statistical inference. b) DCOVA framework. c) operational definition. d) descriptive statistics. ANSWER: d TYPE: MC DIFFICULTY: Easy KEYWORDS: descriptive statistics 3. The collection and summarization of the socioeconomic and physical characteristics of the employees of a particular firm is an example of a) inferential statistics. b) descriptive statistics. c) operational definition. d) DCOVA framework. ANSWER: b TYPE: MC DIFFICULTY: Easy KEYWORDS: descriptive statistics 4. The estimation of the population average family expenditure on food based on the sample average expenditure of 1,000 families is an example of a) inferential statistics. b) descriptive statistics. c) DCOVA framework. d) operational definition. ANSWER: a TYPE: MC DIFFICULTY: Easy KEYWORDS: inferential statistics 5. Which of the following is not an element of descriptive statistical problems? a) An inference made about the population based on the sample.