Exam 1: The Where, Why, and How of Data Collection
Exam 1: The Where, Why, and How of Data Collection167 Questions
Exam 2: Graphs, Charts and Tablesdescribing Your Data138 Questions
Exam 3: Describing Data Using Numerical Measures138 Questions
Exam 4: Introduction to Probability125 Questions
Exam 5: Discrete Probability Distributions161 Questions
Exam 6: Introduction to Continuous Probability Distributions122 Questions
Exam 7: Introduction to Sampling Distributions136 Questions
Exam 8: Estimating Single Population Parameters174 Questions
Exam 9: Introduction to Hypothesis Testing183 Questions
Exam 10: Estimation and Hypothesis Testing for Two Population Parameters121 Questions
Exam 11: Hypothesis Tests and Estimation for Population Variances69 Questions
Exam 12: Analysis of Variance162 Questions
Exam 13: Goodness-Of-Fit Tests and Contingency Analysis105 Questions
Exam 14: Introduction to Linear Regression and Correlation Analysis139 Questions
Exam 15: Multiple Regression Analysis and Model Building148 Questions
Exam 16: Analyzing and Forecasting Time-Series Data131 Questions
Exam 17: Introduction to Nonparametric Statistics103 Questions
Exam 18: Introducing Business Analytics48 Questions
Exam 19: Introduction to Decision Analysis48 Questions
Exam 20: Introduction to Quality and Statistical Process Control42 Questions
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Assuming that you are planning to collect data using an experiment, it will be very important to establish an appropriate survey design.
(True/False)
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The Polson Pole and Fence Company recently did a quality check on the length of fence posts. To do this, each of the 400 posts in inventory was numbered. Numbers from 1 to 400 were placed in a bowl. Twenty numbers were selected from the bowl without looking. These 20 poles were the ones selected for the study. This type of sampling is called:
(Multiple Choice)
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A sampling plan that requires a person to interview 100 people as they exit a department store would most likely be:
(Multiple Choice)
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A company is interested in determining which of several advertising layouts is most effective at generating additional sales. The data collection tool that would most likely be used in this situation is:
(Multiple Choice)
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On a survey, the questions pertaining to the background of the respondent (age, gender, etc.) are referred to as demographic questions.
(True/False)
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The human resources department at a major high tech company recently conducted an employee satisfaction survey of 100 of its 3,000 employees. Data were collected on such variables as age, gender, marital status, current salary, level of overall satisfaction on a scale from 1 to 5, number of years with the company, and job title. Which of the variables would be considered to be qualitative data?
(Multiple Choice)
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An open-end question requires respondents to choose from a short list of choices
(True/False)
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When a marketing manager surveys a few of the customers for the purpose of drawing a conclusion about the entire list of customers, she is applying:
(Multiple Choice)
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Recently, an analyst in a company's marketing department surveyed customers regarding how often they buy a particular product. One customer indicated that she purchased the product 17 times in the last six months, but the analyst recorded the response as 71 times. This is an example of observer bias.
(True/False)
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In this course, the term business statistics refers to the set of tools and techniques that are used to convert information into meaningful data.
(True/False)
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A retail store is interested in determining what its customers are looking for specifically when they go to the store. To collect the necessary data, interviewers stand near the store's entrance and survey every 10th customer. This type of sampling is called:
(Multiple Choice)
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When a survey is done you can always assume that non-respondents would have answered the same way as those who did respond.
(True/False)
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Selection bias occurs when the respondent decides which of the questions on the survey to answer.
(True/False)
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A marketing researcher decides to perform in-depth interviews for ten individuals chosen from a group of twenty five consumers who taste tasted some new food products. In conducting a personal interview, what problem can result if the interviewer is arbitrarily decides who will be interviewed?
(Multiple Choice)
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Simple random sampling involves selecting members of the population in such a way that all members are equally likely to be chosen.
(True/False)
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Cross-sectional data is a set of data values observed at successive points in time.
(True/False)
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Population parameters are descriptive numerical measures, such as an average, that describe the entire population.
(True/False)
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