Exam 1: The Where, why, and How of Data Collection

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The company that makes a new weight loss pill claims that people who use this pill according to instructions will lose an average of 20 pounds during a four-month period.They say the claim is based on a study of 300 people.Which of the following statistical methods was most likely used to arrive at the company's conclusion?

(Multiple Choice)
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A political poll that is used to indicate the percentage of voters who will vote for a particular candidate makes use of which of the following?

(Multiple Choice)
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Recently,a bank manager pulled a sample of customer accounts and recorded data for two variables,checking account balance and total number of transactions during the previous 30 days.The data collected would be considered time-series data.

(True/False)
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The Dalton Company has recently made a decision to build a new plant in Denver.In making this decision it used data supplied by the U.S.Census Bureau.For the Dalton Company,these data are examples of:

(Multiple Choice)
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What are the advantages and disadvantages of open-ended questions in either a written survey or a personal interview?

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The use of charts and graphs is an example of:

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Close-ended questions provide the greatest opportunity to obtain ideas and thoughts on the part of those surveyed but the resulting data are more difficult to analyze.

(True/False)
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