Deck 1: Healthy Change

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Question
A method of gathering data when individuals are paid to discuss their attitudes towards products or services in a group setting controlled by a moderator is known as --------.

A)experiments
B)direct observation
C)surveys
D)focus groups
Use Space or
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Question
Using income data to determine the credit worthiness of a consumer who wishes to purchase a new car is an example of using statistics in the field of ------- .

A)marketing research
B)finance
C)operations
D)advertising
Question
A property of------- data is that the differences between categories are not meaningful and, therefore, cannot be measured.

A)cross- sectional
B)interval
C)ratio
D)ordinal
Question
--------data use descriptive terms to measure or classify something of interest.

A)Secondary
B)Qualitative
C)Quantitative
D)Primary
Question
Bridgestone would like to estimate the average tread life of a particular brand of automobile tire. Fifty customers who have purchased this tire are sampled and asked about the tread life of their tires. This is an example of using------ .

A)qualitative data.
B)inferential statistics.
C)descriptive statistics.
D)secondary data.
Question
In a Major League Baseball game today, the Philadelphia Phillies scored six runs against the New York Mets. This is an example of -------- data.

A)ratio
B)interval
C)ordinal
D)nominal
Question
Which levels of measurement are considered quantitative data?

A)interval and ratio
B)nominal and ratio
C)nominal and interval
D)nominal and ordinal
Question
A respondent of a survey indicates that she is currently in her junior year at the University of Texas. This is an example of _____ _ data.

A)ratio
B)interval
C)nominal
D)ordinal
Question
Which levels of measurement are considered qualitative data?

A)nominal and ordinal
B)nominal and interval
C)interval and ratio
D)ordinal and ratio
Question
The proportion of customers that rate their latest airline experience as "excellent" is an example of -------.

A)inferential statistics.
B)qualitative data.
C)descriptive statistics.
D)secondary data.
Question
A _____ is a portion of a population that is representative of the population from which it is selected.

A)survey
B)parameter
C)sample
D)statistic
Question
Using quality control techniques to test the salt content of pretzels before they are packaged for the consumer is an example of using statistics in the field of ______ .

A)advertising
B)marketing research
C)finance
D)operations
Question
According to climate data recorded since 1884, the average annual snowfall in Philadelphia is 22.3 inches. This value is an example of------- .

A)descriptive statistics.
B)biased data.
C)inferential statistics.
D)qualitative data.
Question
A method of gathering data while the subjects of interest are in their natural environment, often unaware they are being watched, is known as ____ .

A)focus groups
B)experiments
C)direct observation
D)surveys
Question
A respondent of a survey indicates that he owns the home that he currently resides. This is an example of ------- data.

A)ordinal
B)interval
C)ratio
D)nominal
Question
-------data are values that correspond to specific measurements taken over a range of time periods.

A)Cross- sectional
B)Time series
C)Ratio
D)Ordinal
Question
A _ _____ represents all possible subjects of interest.

A)statistic
B)sample
C)parameter
D)population
Question
--------data are values collected from a number of subjects (firms, individual, states, regions, and so forth)during a single time period.

A)Time series
B)Cross- sectional
C)Ordinal
D)Ratio
Question
General Mills is considering offering a new type of yogurt. To gauge interest, they are performing taste tests at different locations around the country. Based on the results of these samples, they will decide whether or not to market the new yogurt. This is an example of using ------.

A)descriptive statistics.
B)inferential statistics.
C)qualitative data.
D)secondary data.
Question
A ---------- sample does not represent the intended population and can lead to distorted findings.

A)random
B)stratified
C)probability
D)biased
Question
The number of iPhones sold today at an Apple store is an example of -------- data.

A)ratio
B)interval
C)nominal
D)ordinal
Question
A method of gathering data when people are asked a series of questions that can be administered by e- mail, via the Web, face- to- face or over the telephone, is known as------- .

A)focus groups
B)direct observation
C)experiments
D)surveys
Question
Holiday Inn would like to estimate the satisfaction level of its customers. A sample of 25 hotels were selected and the customers at these locations were asked to rate their experience on a scale of 1- 10. Based on this sample data, Holiday Inn will draw a conclusion about the satisfaction level of their customers. This is an example of using _______ .

A)descriptive statistics.
B)inferential statistics.
C)qualitative data.
D)secondary data.
Question
Which of the following is an example of quantitative data?

A)Apple's closing stock price today
B)your telephone number
C)your gender
D)the zip code of your home address
Question
--------data has the benefit of a true zero point.

A)Ordinal
B)Ratio
C)Interval
D)Nominal
Question
Data that describe a characteristic about a sample is known as a ------.

A)population
B)parameter
C)survey
D)statistic
Question
A marketing manager for a textbook publisher meets with a group of several students who are paid to discuss what they like and dislike about their textbooks. This method of gathering data is known as------- .

A)surveys
B)direct observation
C)experiments
D)focus groups
Question
A respondent of a survey indicates that he is a resident in the state of Ohio. This is an example of ---------data.

A)ratio
B)interval
C)nominal
D)ordinal
Question
Gathering information from potential customers in an effort to determine their preferences is an example of using statistics in the field of------ .

A)finance
B)marketing research
C)operations
D)advertising
Question
Data that describe a characteristic about a population is known as a------- .

A)statistic
B)survey
C)sample
D)parameter
Question
The Graduate Management Admission Test (GMAT)is a standardized test used by schools to determine the aptitude of individuals who are applying for MBA programs. The range of the GMAT score is 200- 800. Brian has recently taken the exam and scored 720. This is an example of -------- data.

A)ratio
B)nominal
C)interval
D)ordinal
Question
A Bank of America employee records the amount of time that customers spend using the ATM machine at her branch. This method of gathering data is known as-------- .

A)experiments
B)direct observation
C)focus groups
D)surveys
Question
Collecting data about the television viewers for the Summer Olympics is an example of using statistics in the field of------ .

A)human resources
B)operations
C)advertising
D)finance
Question
A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person indicates that the experience was "good". This is an example of -------- data.

A)interval
B)ratio
C)nominal
D)ordinal
Question
Which of the following is an example of qualitative data?

A)your last name
B)the amount of time that you studied for your last statistics exam
C)today's high temperature
D)the class average of your last statistics exam
Question
The main drawback to using secondary data is that _______ .

A)the subjects of interest need to be directly observed to collect the data
B)it may be expensive to obtain the data
C)the subjects of interest are paid to provide the data
D)you have no control over how the data were collected
Question
---------- is (are)derived from facts for the purpose of making decisions.

A)Statistics
B)Samples
C)Information
D)Data
Question
A method of gathering data when subjects are exposed to certain treatments and the data of interest is recorded is known as------ .

A)direct observation
B)focus groups
C)surveys
D)experiments
Question
Your business statistics class had an exam last week. The average exam score for the class is an example of _ _______.

A)descriptive statistics.
B)inferential statistics.
C)secondary data.
D)qualitative data.
Question
The manager at the local Ruby Tuesday's restaurant wanted to investigate the effect of music on the average revenue per customer. Each night for one month, fast- paced music was played. The following month, slow- paced music was played every night. The average revenue per customer for each month was compared. This method of gathering data is known as _______.

A)direct observation
B)surveys
C)focus groups
D)experiments
Question
A hotel employee asks customers who are checking out to rate their satisfaction on a scale of 1- 10. This is an example of collecting primary data.
Question
Interval data deals strictly with qualitative data assigned to predetermined categories.
Question
A telemarketer calls individuals at home over the phone and asks them the likelihood that they will purchase a timeshare property over the next 12 months. This method of gathering data is known as ---------- .

A)focus groups
B)direct observation
C)experiments
D)surveys
Question
It is recommended that personal demographic questions be placed at the beginning of the questionnaire because respondents find these questions easy to answer.
Question
Nominal data has all the features of interval data with the added benefit of having a true zero point.
Question
An unbiased sample is a sample that does not represent the intended population and can lead to distorted findings. Unbiased sampling can occur either intentionally or unintentionally.
Question
Statistics is the mathematical science that deals with the collection, analysis, and presentation of data-data that can then be used as a basis for inference and induction.
Question
Calculating the average time callers wait on the phone for technical support is an example of inferential statistics.
Question
Deciding that a process that fills bottles with soda is functioning properly by checking the weights for a sample of bottles is an example of inferential statistics.
Question
----data use numerical values to describe something of interest either by measuring it or counting it.

A)Secondary
B)Primary
C)Quantitative
D)Qualitative
Question
To help ensure good questionnaire design, it is recommended that a survey is tested on a small group of respondents before releasing it to the actual participants.
Question
A restaurant manager randomly selects tables at which customers have just been seated and records the amount of time it takes for the wait staff to greet these customers. This is an example of an experiment being used to collect data.
Question
Statistics can be misused by making differences seem greater or lesser by adjusting the scale on graphs.
Question
A limitation of descriptive statistics is that, by summarizing large quantities of data, you lose information.
Question
A car dealership performs a credit check on a potential customer. According to the credit bureau, the customer's credit score is 710. This is an example of --------data.

A)ratio
B)nominal
C)interval
D)ordinal
Question
A manager of an electronics store would like to investigate the impact that price has on the demand for laptop computers. Each week, the price of a Dell laptop is adjusted and the demand for each week is recorded. This is an example of an experiment being used to collect data.
Question
Business statistics are statistics applied to the business world in an effort to improve people's decision making in fields such as marketing, operations, finance, and human resources.
Question
Determining the proportion of customers who have credit scores greater than 700 is an example of descriptive statistics.
Question
Bias can occur in a survey when a question is stated in a way that encourages or leads a respondent to a particular answer.
Question
Education level is an example of nominal data.
Question
Asking customers at the shopping mall about their voting intentions in the upcoming political election is an example of secondary data.
Question
Predicting election results by asking voters their intentions is an example of descriptive statistics.
Question
The number of pages in your business statistics textbook is an example of quantitative data.
Question
One of the major reasons to use statistics is to transform data into information.
Question
The ratio measurement level is considered qualitative data.
Question
Your cell phone number is an example of quantitative data.
Question
A respondent to a survey indicates that she drives a Ford Taurus. This is an example of qualitative data.
Question
Primary data is data collected by the person or organization that eventually uses the data.
Question
The mathematical operation of multiplication can be performed on interval data.
Question
An employee records the number of customers that arrive at a retail store today. This is an example of collecting information.
Question
A marketing research employee randomly selects adults in a shopping mall and asks them what type of car that they drive. This is an example of using direct observation to collect data.
Question
Analyzing snowfall amounts in New York over the past 100 years to help predict future weather patterns is an example of using primary data.
Question
The purpose of inferential statistics is to make claims or conclusions about a population based on a sample.
Question
The purpose of inferential statistics is to summarize or display data.
Question
Analyzing unemployment data from the Bureau of Labor Statistics is an example of using secondary data.
Question
The interval measurement level is considered quantitative data.
Question
The mathematical operation of addition can be performed on nominal data.
Question
Information is the basic foundation for the field of statistics and can be defined as the value assigned to a specific observation or measurement.
Question
A respondent to a survey indicates that he has lived in his current residence for three years. This is an example of qualitative data.
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Deck 1: Healthy Change
1
A method of gathering data when individuals are paid to discuss their attitudes towards products or services in a group setting controlled by a moderator is known as --------.

A)experiments
B)direct observation
C)surveys
D)focus groups
focus groups
2
Using income data to determine the credit worthiness of a consumer who wishes to purchase a new car is an example of using statistics in the field of ------- .

A)marketing research
B)finance
C)operations
D)advertising
finance
3
A property of------- data is that the differences between categories are not meaningful and, therefore, cannot be measured.

A)cross- sectional
B)interval
C)ratio
D)ordinal
ordinal
4
--------data use descriptive terms to measure or classify something of interest.

A)Secondary
B)Qualitative
C)Quantitative
D)Primary
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
5
Bridgestone would like to estimate the average tread life of a particular brand of automobile tire. Fifty customers who have purchased this tire are sampled and asked about the tread life of their tires. This is an example of using------ .

A)qualitative data.
B)inferential statistics.
C)descriptive statistics.
D)secondary data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
6
In a Major League Baseball game today, the Philadelphia Phillies scored six runs against the New York Mets. This is an example of -------- data.

A)ratio
B)interval
C)ordinal
D)nominal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
7
Which levels of measurement are considered quantitative data?

A)interval and ratio
B)nominal and ratio
C)nominal and interval
D)nominal and ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
8
A respondent of a survey indicates that she is currently in her junior year at the University of Texas. This is an example of _____ _ data.

A)ratio
B)interval
C)nominal
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
9
Which levels of measurement are considered qualitative data?

A)nominal and ordinal
B)nominal and interval
C)interval and ratio
D)ordinal and ratio
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
10
The proportion of customers that rate their latest airline experience as "excellent" is an example of -------.

A)inferential statistics.
B)qualitative data.
C)descriptive statistics.
D)secondary data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
11
A _____ is a portion of a population that is representative of the population from which it is selected.

A)survey
B)parameter
C)sample
D)statistic
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
12
Using quality control techniques to test the salt content of pretzels before they are packaged for the consumer is an example of using statistics in the field of ______ .

A)advertising
B)marketing research
C)finance
D)operations
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
13
According to climate data recorded since 1884, the average annual snowfall in Philadelphia is 22.3 inches. This value is an example of------- .

A)descriptive statistics.
B)biased data.
C)inferential statistics.
D)qualitative data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
14
A method of gathering data while the subjects of interest are in their natural environment, often unaware they are being watched, is known as ____ .

A)focus groups
B)experiments
C)direct observation
D)surveys
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
15
A respondent of a survey indicates that he owns the home that he currently resides. This is an example of ------- data.

A)ordinal
B)interval
C)ratio
D)nominal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
16
-------data are values that correspond to specific measurements taken over a range of time periods.

A)Cross- sectional
B)Time series
C)Ratio
D)Ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
17
A _ _____ represents all possible subjects of interest.

A)statistic
B)sample
C)parameter
D)population
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
18
--------data are values collected from a number of subjects (firms, individual, states, regions, and so forth)during a single time period.

A)Time series
B)Cross- sectional
C)Ordinal
D)Ratio
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
19
General Mills is considering offering a new type of yogurt. To gauge interest, they are performing taste tests at different locations around the country. Based on the results of these samples, they will decide whether or not to market the new yogurt. This is an example of using ------.

A)descriptive statistics.
B)inferential statistics.
C)qualitative data.
D)secondary data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
20
A ---------- sample does not represent the intended population and can lead to distorted findings.

A)random
B)stratified
C)probability
D)biased
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
21
The number of iPhones sold today at an Apple store is an example of -------- data.

A)ratio
B)interval
C)nominal
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
22
A method of gathering data when people are asked a series of questions that can be administered by e- mail, via the Web, face- to- face or over the telephone, is known as------- .

A)focus groups
B)direct observation
C)experiments
D)surveys
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
23
Holiday Inn would like to estimate the satisfaction level of its customers. A sample of 25 hotels were selected and the customers at these locations were asked to rate their experience on a scale of 1- 10. Based on this sample data, Holiday Inn will draw a conclusion about the satisfaction level of their customers. This is an example of using _______ .

A)descriptive statistics.
B)inferential statistics.
C)qualitative data.
D)secondary data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
24
Which of the following is an example of quantitative data?

A)Apple's closing stock price today
B)your telephone number
C)your gender
D)the zip code of your home address
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
25
--------data has the benefit of a true zero point.

A)Ordinal
B)Ratio
C)Interval
D)Nominal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
26
Data that describe a characteristic about a sample is known as a ------.

A)population
B)parameter
C)survey
D)statistic
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
27
A marketing manager for a textbook publisher meets with a group of several students who are paid to discuss what they like and dislike about their textbooks. This method of gathering data is known as------- .

A)surveys
B)direct observation
C)experiments
D)focus groups
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
28
A respondent of a survey indicates that he is a resident in the state of Ohio. This is an example of ---------data.

A)ratio
B)interval
C)nominal
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
29
Gathering information from potential customers in an effort to determine their preferences is an example of using statistics in the field of------ .

A)finance
B)marketing research
C)operations
D)advertising
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
30
Data that describe a characteristic about a population is known as a------- .

A)statistic
B)survey
C)sample
D)parameter
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
31
The Graduate Management Admission Test (GMAT)is a standardized test used by schools to determine the aptitude of individuals who are applying for MBA programs. The range of the GMAT score is 200- 800. Brian has recently taken the exam and scored 720. This is an example of -------- data.

A)ratio
B)nominal
C)interval
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
32
A Bank of America employee records the amount of time that customers spend using the ATM machine at her branch. This method of gathering data is known as-------- .

A)experiments
B)direct observation
C)focus groups
D)surveys
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
33
Collecting data about the television viewers for the Summer Olympics is an example of using statistics in the field of------ .

A)human resources
B)operations
C)advertising
D)finance
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
34
A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person indicates that the experience was "good". This is an example of -------- data.

A)interval
B)ratio
C)nominal
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
35
Which of the following is an example of qualitative data?

A)your last name
B)the amount of time that you studied for your last statistics exam
C)today's high temperature
D)the class average of your last statistics exam
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
36
The main drawback to using secondary data is that _______ .

A)the subjects of interest need to be directly observed to collect the data
B)it may be expensive to obtain the data
C)the subjects of interest are paid to provide the data
D)you have no control over how the data were collected
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
37
---------- is (are)derived from facts for the purpose of making decisions.

A)Statistics
B)Samples
C)Information
D)Data
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
38
A method of gathering data when subjects are exposed to certain treatments and the data of interest is recorded is known as------ .

A)direct observation
B)focus groups
C)surveys
D)experiments
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
39
Your business statistics class had an exam last week. The average exam score for the class is an example of _ _______.

A)descriptive statistics.
B)inferential statistics.
C)secondary data.
D)qualitative data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
40
The manager at the local Ruby Tuesday's restaurant wanted to investigate the effect of music on the average revenue per customer. Each night for one month, fast- paced music was played. The following month, slow- paced music was played every night. The average revenue per customer for each month was compared. This method of gathering data is known as _______.

A)direct observation
B)surveys
C)focus groups
D)experiments
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
41
A hotel employee asks customers who are checking out to rate their satisfaction on a scale of 1- 10. This is an example of collecting primary data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
42
Interval data deals strictly with qualitative data assigned to predetermined categories.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
43
A telemarketer calls individuals at home over the phone and asks them the likelihood that they will purchase a timeshare property over the next 12 months. This method of gathering data is known as ---------- .

A)focus groups
B)direct observation
C)experiments
D)surveys
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
44
It is recommended that personal demographic questions be placed at the beginning of the questionnaire because respondents find these questions easy to answer.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
45
Nominal data has all the features of interval data with the added benefit of having a true zero point.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
46
An unbiased sample is a sample that does not represent the intended population and can lead to distorted findings. Unbiased sampling can occur either intentionally or unintentionally.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
47
Statistics is the mathematical science that deals with the collection, analysis, and presentation of data-data that can then be used as a basis for inference and induction.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
48
Calculating the average time callers wait on the phone for technical support is an example of inferential statistics.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
49
Deciding that a process that fills bottles with soda is functioning properly by checking the weights for a sample of bottles is an example of inferential statistics.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
50
----data use numerical values to describe something of interest either by measuring it or counting it.

A)Secondary
B)Primary
C)Quantitative
D)Qualitative
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
51
To help ensure good questionnaire design, it is recommended that a survey is tested on a small group of respondents before releasing it to the actual participants.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
52
A restaurant manager randomly selects tables at which customers have just been seated and records the amount of time it takes for the wait staff to greet these customers. This is an example of an experiment being used to collect data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
53
Statistics can be misused by making differences seem greater or lesser by adjusting the scale on graphs.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
54
A limitation of descriptive statistics is that, by summarizing large quantities of data, you lose information.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
55
A car dealership performs a credit check on a potential customer. According to the credit bureau, the customer's credit score is 710. This is an example of --------data.

A)ratio
B)nominal
C)interval
D)ordinal
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
56
A manager of an electronics store would like to investigate the impact that price has on the demand for laptop computers. Each week, the price of a Dell laptop is adjusted and the demand for each week is recorded. This is an example of an experiment being used to collect data.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
k this deck
57
Business statistics are statistics applied to the business world in an effort to improve people's decision making in fields such as marketing, operations, finance, and human resources.
Unlock Deck
Unlock for access to all 79 flashcards in this deck.
Unlock Deck
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58
Determining the proportion of customers who have credit scores greater than 700 is an example of descriptive statistics.
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59
Bias can occur in a survey when a question is stated in a way that encourages or leads a respondent to a particular answer.
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60
Education level is an example of nominal data.
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61
Asking customers at the shopping mall about their voting intentions in the upcoming political election is an example of secondary data.
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62
Predicting election results by asking voters their intentions is an example of descriptive statistics.
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63
The number of pages in your business statistics textbook is an example of quantitative data.
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64
One of the major reasons to use statistics is to transform data into information.
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65
The ratio measurement level is considered qualitative data.
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66
Your cell phone number is an example of quantitative data.
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67
A respondent to a survey indicates that she drives a Ford Taurus. This is an example of qualitative data.
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68
Primary data is data collected by the person or organization that eventually uses the data.
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69
The mathematical operation of multiplication can be performed on interval data.
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70
An employee records the number of customers that arrive at a retail store today. This is an example of collecting information.
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71
A marketing research employee randomly selects adults in a shopping mall and asks them what type of car that they drive. This is an example of using direct observation to collect data.
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72
Analyzing snowfall amounts in New York over the past 100 years to help predict future weather patterns is an example of using primary data.
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73
The purpose of inferential statistics is to make claims or conclusions about a population based on a sample.
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74
The purpose of inferential statistics is to summarize or display data.
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75
Analyzing unemployment data from the Bureau of Labor Statistics is an example of using secondary data.
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76
The interval measurement level is considered quantitative data.
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77
The mathematical operation of addition can be performed on nominal data.
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78
Information is the basic foundation for the field of statistics and can be defined as the value assigned to a specific observation or measurement.
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79
A respondent to a survey indicates that he has lived in his current residence for three years. This is an example of qualitative data.
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