Question 1

The process of drawing conclusions about unknown characteristics of a population based on sample data is called ________.

Accepted Answer

A) predictive statistics 
B) statistical inference 
C) descriptive statistics 
D) information gathering 
A) predictive statistics 
B) statistical inference 
C) descriptive statistics 
D) information gathering

Question 2

Data that are ordered have a specified measure of the distance between observations but have no natural zero are called ________ data.

Accepted Answer

A) ratio 
B) ordinal 
C) nominal 
D) interval 
A) ratio 
B) ordinal 
C) nominal 
D) interval

Question 3

Which of the following is used to find the mean value of a range of cells using Microsoft Excel?

Accepted Answer

A) MEAN(range) 
B) MIN(range) 
C) SUM(range) 
D) AVERAGE(range) 
A) MEAN(range) 
B) MIN(range) 
C) SUM(range) 
D) AVERAGE(range)

Question 4

Which of the following principles underlie statistical thinking?

Accepted Answer

A) All work occurs in a system of interconnected processes. 
B) All processes are identical without any degree of variation. 
C) Better performance results from increasing variation. 
D) Variations in measurement will not occur unless there are variations in the true values. 
A) All work occurs in a system of interconnected processes. 
B) All processes are identical without any degree of variation. 
C) Better performance results from increasing variation. 
D) Variations in measurement will not occur unless there are variations in the true values.

Question 5

An example of interval data would be ________.

Accepted Answer

A) classifying customers by geographical region 
B) rating a movie as bad,good,or excellent 
C) ranking potential employees by SAT scores 
D) comparing retail stores by number of units sold 
A) classifying customers by geographical region 
B) rating a movie as bad,good,or excellent 
C) ranking potential employees by SAT scores 
D) comparing retail stores by number of units sold

Question 6

In Microsoft Excel,the chart that displays the contributions of each value to the total by stacking the rectangles is called a ________.

Accepted Answer

A) stacked bar chart 
B) stacked column chart 
C) stacked histogram 
D) stacked line chart 
A) stacked bar chart 
B) stacked column chart 
C) stacked histogram 
D) stacked line chart

Question 7

Which of the following is true of nominal data?

Accepted Answer

A) Nominal data usually have a natural order and can be ranked. 
B) Nominal data are usually expressed as proportions or percentages. 
C) Nominal data measure the distance between observations. 
D) Nominal data has a natural zero. 
A) Nominal data usually have a natural order and can be ranked. 
B) Nominal data are usually expressed as proportions or percentages. 
C) Nominal data measure the distance between observations. 
D) Nominal data has a natural zero.

Question 8

Which of the following functions is used to find the largest value in a range of cells using Microsoft Excel?

Accepted Answer

A) MAX(range) 
B) MIN(range) 
C) SUM(range) 
D) AVERAGE(range) 
A) MAX(range) 
B) MIN(range) 
C) SUM(range) 
D) AVERAGE(range)

Question 9

Data from survey scales would be considered ordinal data.

Accepted Answer

A) True 
 B)False

Question 10

Numerical values associated with a metric are called ________.

Accepted Answer

A) data 
B) measures 
C) population 
D) regressors 
A) data 
B) measures 
C) population 
D) regressors

Question 11

Zip code would be an example of ________ data.

Accepted Answer

A) ordinal 
B) interval 
C) nominal 
D) ratio 
A) ordinal 
B) interval 
C) nominal 
D) ratio

Question 12

________ is a systematic way of doing things to achieve desired results.

Accepted Answer

A) Variation 
B) A measure 
C) Information 
D) A process 
A) Variation 
B) A measure 
C) Information 
D) A process

Question 13

In Microsoft Excel,a logical function that returns one value if the condition is true and another if the condition is false,is ________.

Accepted Answer

A) OR(condition 1,condition 2 ...) 
B) IF(condition,value if true,value if false) 
C) VLOOKUP(value,table range,column number) 
D) AND(condition 1,condition 2…) 
A) OR(condition 1,condition 2 ...) 
B) IF(condition,value if true,value if false) 
C) VLOOKUP(value,table range,column number) 
D) AND(condition 1,condition 2…)

Question 14

An example of ratio data would be ________.

Accepted Answer

A) classifying students by college majors 
B) rating a book as poor,good,or very good 
C) organizing material costs by cost per unit 
D) classifying stores by sales in dollars 
A) classifying students by college majors 
B) rating a book as poor,good,or very good 
C) organizing material costs by cost per unit 
D) classifying stores by sales in dollars

Question 15

In Microsoft Excel,the ________ chart is similar to the pie chart but can contain more than one data series.

Accepted Answer

A) stock 
B) surface 
C) doughnut 
D) bubble 
A) stock 
B) surface 
C) doughnut 
D) bubble

Question 16

It is not possible to manipulate statistical displays to suit the creator's conclusions.

Accepted Answer

A) True 
 B)False

Question 17

Data that consists of a single variable is called ________ data.

Accepted Answer

A) cross-sectional 
B) univariate 
C) time series 
D) multivariate 
A) cross-sectional 
B) univariate 
C) time series 
D) multivariate

Question 18

Any metric involving time,volume,weight or dollars would be classified as a(n)________ metric.

Accepted Answer

A) discrete 
B) ordinal 
C) continuous 
D) binomial 
A) discrete 
B) ordinal 
C) continuous 
D) binomial

Question 19

If all the college students in this university are the population,then college students in this class that live on campus would be an example of ________.

Accepted Answer

A) a point estimate 
B) a process 
C) a sample 
D) ratio data 
A) a point estimate 
B) a process 
C) a sample 
D) ratio data

Question 20

Capturing information about a population is often times more cost effective than sampling.

Accepted Answer

A) True 
 B)False

The process of drawing conclusions about unknown characteristics of a population based on sample data is called ________.

Data that are ordered have a specified measure of the distance between observations but have no natural zero are called ________ data.

Which of the following is used to find the mean value of a range of cells using Microsoft Excel?

Which of the following principles underlie statistical thinking?

An example of interval data would be ________.

In Microsoft Excel,the chart that displays the contributions of each value to the total by stacking the rectangles is called a ________.

Which of the following is true of nominal data?

Which of the following functions is used to find the largest value in a range of cells using Microsoft Excel?

Data from survey scales would be considered ordinal data.

Numerical values associated with a metric are called ________.

Zip code would be an example of ________ data.

________ is a systematic way of doing things to achieve desired results.

In Microsoft Excel,a logical function that returns one value if the condition is true and another if the condition is false,is ________.

An example of ratio data would be ________.

In Microsoft Excel,the ________ chart is similar to the pie chart but can contain more than one data series.

It is not possible to manipulate statistical displays to suit the creator's conclusions.

Data that consists of a single variable is called ________ data.

Any metric involving time,volume,weight or dollars would be classified as a(n)________ metric.

If all the college students in this university are the population,then college students in this class that live on campus would be an example of ________.

Capturing information about a population is often times more cost effective than sampling.

Descriptive Statistics and Data Analysis

Probability Concepts and Distributions

Sampling and Estimation

Hypothesis Testing and Statistical Inference

Regression Analysis

Forecasting

Introduction to Statistical Quality Control

Building and Using Decision Models

Decision Models With Uncertainty and Risk

Decisions, uncertainty, and Risk

Queues and Process Simulation Modeling

Linear Optimization

Integer, nonlinear, and Advanced Optimization Methods

Filters

Exam 1: Data and Business Decisions

The process of drawing conclusions about unknown characteristics of a population based on sample data is called ________.

Data that are ordered have a specified measure of the distance between observations but have no natural zero are called ________ data.

Which of the following is used to find the mean value of a range of cells using Microsoft Excel?

Which of the following principles underlie statistical thinking?

An example of interval data would be ________.

In Microsoft Excel,the chart that displays the contributions of each value to the total by stacking the rectangles is called a ________.

Which of the following is true of nominal data?

Which of the following functions is used to find the largest value in a range of cells using Microsoft Excel?

Data from survey scales would be considered ordinal data.

Numerical values associated with a metric are called ________.

Zip code would be an example of ________ data.

________ is a systematic way of doing things to achieve desired results.

In Microsoft Excel,a logical function that returns one value if the condition is true and another if the condition is false,is ________.

An example of ratio data would be ________.

In Microsoft Excel,the ________ chart is similar to the pie chart but can contain more than one data series.

It is not possible to manipulate statistical displays to suit the creator's conclusions.

Data that consists of a single variable is called ________ data.

Any metric involving time,volume,weight or dollars would be classified as a(n)________ metric.

If all the college students in this university are the population,then college students in this class that live on campus would be an example of ________.

Capturing information about a population is often times more cost effective than sampling.

Descriptive Statistics and Data Analysis

Probability Concepts and Distributions

Sampling and Estimation

Hypothesis Testing and Statistical Inference

Regression Analysis

Forecasting

Introduction to Statistical Quality Control

Building and Using Decision Models

Decision Models With Uncertainty and Risk

Decisions, uncertainty, and Risk

Queues and Process Simulation Modeling

Linear Optimization

Integer, nonlinear, and Advanced Optimization Methods

Filters