TEST BANK BASIC STATISTICS for BUSINESS & ECONOMICS 10E Douglas A. Lind William G. Marchal Samuel A. Wathen (Complete And Verified Study material) (512pages) LEARNEXAMS

1) Which of the following is not an example of a statistic? A) The weekly income of the typical high school graduate compared to a typical college graduate B) A list of the profits earned last year for 100 companies in the United States C) The unemployment rate in the United States for last month D) The average profit earned last year for the 10 top companies on the Dow Jones Index 2) A store asks shoppers for their zip codes to identify market areas. Zip codes are an example of ratio data. ⊚ true ⊚ false 3) What type of variable is the number of gallons of gasoline pumped by a filling station during a day? A) Discrete B) Qualitative C) Attribute D) Continuous 4) The incomes of 50 loan applicants are obtained. Which level of measurement is income? A) Interval B) Ratio C) Ordinal