Question 1

In Microsoft Excel,the chart that compares values across categories using vertical rectangles,is called a ________.

Accepted Answer

A) clustered column chart 
B) stacked column chart 
C) 100% stacked column chart 
D) bar chart 
A) clustered column chart 
B) stacked column chart 
C) 100% stacked column chart 
D) bar chart

Question 2

In Microsoft Excel,the chart that is used to plot prices of shares,such as the daily high,low,and close,is a ________.

Accepted Answer

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

Question 3

Which of the following is the best chart for displaying the consumption of fossil fuels as a proportion of total energy consumption?

Accepted Answer

A) column chart 
B) area chart 
C) line chart 
D) scatter diagram 
A) column chart 
B) area chart 
C) line chart 
D) scatter diagram

Question 4

A ratio scale is a strong form of measurement but not the strongest.

Accepted Answer

A) True 
 B)False

Question 5

Data that is ordered or ranked according to some relationship to one another are called ________ data.

Accepted Answer

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

Question 6

Descriptive statistics refers to the process of drawing conclusions about unknown characteristics of a population based on sample data.

Accepted Answer

A) True 
 B)False

Question 7

Internal data might include all of the following except ________.

Accepted Answer

A) material costs 
B) economic conditions 
C) accounts receivable 
D) sales. 
A) material costs 
B) economic conditions 
C) accounts receivable 
D) sales.

Question 8

An example of ordinal data would be ________.

Accepted Answer

A) classifying employees by job title 
B) rating a restaurant as poor,good,or very good 
C) organizing customer flow by day of the week 
D) listing time taken per task by a worker 
A) classifying employees by job title 
B) rating a restaurant as poor,good,or very good 
C) organizing customer flow by day of the week 
D) listing time taken per task by a worker

Question 9

Data on ________ is most likely to be collected using surveys,interviews,and focus groups.

Accepted Answer

A) customer satisfaction 
B) material usage 
C) sales 
D) fixed input costs 
A) customer satisfaction 
B) material usage 
C) sales 
D) fixed input costs

Question 10

The process of collection,organization,and description of data is called ________.

Accepted Answer

A) predictive statistics 
B) statistical inference 
C) descriptive statistics 
D) decision modeling 
A) predictive statistics 
B) statistical inference 
C) descriptive statistics 
D) decision modeling

Question 11

________ data are collected over a single period of time.

Accepted Answer

A) Cross-sectional 
B) Univariate 
C) Time series 
D) Multivariate 
A) Cross-sectional 
B) Univariate 
C) Time series 
D) Multivariate

Question 12

Mean,median,and mode are examples of raw data collected by firms.

Accepted Answer

A) True 
 B)False

Question 13

Predictive statistics are developed using historical data in order to forecast future values.

Accepted Answer

A) True 
 B)False

Question 14

An example of nominal data would be ________.

Accepted Answer

A) classifying employees by job title 
B) rating a restaurant as poor,good,or very good 
C) ranking customer flow by day of the week 
D) comparing stores by sales in dollars 
A) classifying employees by job title 
B) rating a restaurant as poor,good,or very good 
C) ranking customer flow by day of the week 
D) comparing stores by sales in dollars

Question 15

Explain the difference between data and information.

Accepted Answer

Data are raw numerical facts a

Question 16

Explain the difference between and give examples of both a population and a sample.Also explain when it would be more beneficial to collect sample data over population data.

Accepted Answer

A population can be anything that one de

Question 17

Which of the following is the best chart for displaying the most popular pizza topping among a group of college students?

Accepted Answer

A) line chart 
B) area chart 
C) pie chart 
D) scatter diagram 
A) line chart 
B) area chart 
C) pie chart 
D) scatter diagram

Question 18

All of the following are examples of a continuous metric except ________.

Accepted Answer

A) a person's weight 
B) income 
C) blood pressure 
D) flipping a coin 
A) a person's weight 
B) income 
C) blood pressure 
D) flipping a coin

Question 19

Which of the following is used to find the number of cells within a range that meet specified criteria using Microsoft Excel?

Accepted Answer

A) CHECKIF(range) 
B) COUNT(range) 
C) SUM(range) 
D) COUNTIF(range,criteria) 
A) CHECKIF(range) 
B) COUNT(range) 
C) SUM(range) 
D) COUNTIF(range,criteria)

Question 20

________ refer(s)to summary measures of population characteristics computed from samples.

Accepted Answer

A) Statistics 
B) Data 
C) Ordinal data 
D) Decision models 
A) Statistics 
B) Data 
C) Ordinal data 
D) Decision models

In Microsoft Excel,the chart that compares values across categories using vertical rectangles,is called a ________.

In Microsoft Excel,the chart that is used to plot prices of shares,such as the daily high,low,and close,is a ________.

Which of the following is the best chart for displaying the consumption of fossil fuels as a proportion of total energy consumption?

A ratio scale is a strong form of measurement but not the strongest.

Data that is ordered or ranked according to some relationship to one another are called ________ data.

Descriptive statistics refers to the process of drawing conclusions about unknown characteristics of a population based on sample data.

Internal data might include all of the following except ________.

An example of ordinal data would be ________.

Data on ________ is most likely to be collected using surveys,interviews,and focus groups.

The process of collection,organization,and description of data is called ________.

________ data are collected over a single period of time.

Mean,median,and mode are examples of raw data collected by firms.

Predictive statistics are developed using historical data in order to forecast future values.

An example of nominal data would be ________.

Explain the difference between data and information.

Explain the difference between and give examples of both a population and a sample.Also explain when it would be more beneficial to collect sample data over population data.

Which of the following is the best chart for displaying the most popular pizza topping among a group of college students?

All of the following are examples of a continuous metric except ________.

Which of the following is used to find the number of cells within a range that meet specified criteria using Microsoft Excel?

________ refer(s)to summary measures of population characteristics computed from samples.

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

In Microsoft Excel,the chart that compares values across categories using vertical rectangles,is called a ________.

In Microsoft Excel,the chart that is used to plot prices of shares,such as the daily high,low,and close,is a ________.

Which of the following is the best chart for displaying the consumption of fossil fuels as a proportion of total energy consumption?

A ratio scale is a strong form of measurement but not the strongest.

Data that is ordered or ranked according to some relationship to one another are called ________ data.

Descriptive statistics refers to the process of drawing conclusions about unknown characteristics of a population based on sample data.

Internal data might include all of the following except ________.

An example of ordinal data would be ________.

Data on ________ is most likely to be collected using surveys,interviews,and focus groups.

The process of collection,organization,and description of data is called ________.

________ data are collected over a single period of time.

Mean,median,and mode are examples of raw data collected by firms.

Predictive statistics are developed using historical data in order to forecast future values.

An example of nominal data would be ________.

Explain the difference between data and information.

Explain the difference between and give examples of both a population and a sample.Also explain when it would be more beneficial to collect sample data over population data.

Which of the following is the best chart for displaying the most popular pizza topping among a group of college students?

All of the following are examples of a continuous metric except ________.

Which of the following is used to find the number of cells within a range that meet specified criteria using Microsoft Excel?

________ refer(s)to summary measures of population characteristics computed from samples.

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