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Statistics
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Business statistics Study Set 3
Exam 1: What Is Statistics
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Question 1
True/False
A local cable TV system using a sample of 500 subscribers finds that 40% of these subscribers watch a premium channel at least once per day. This is an example of statistical inference as opposed to descriptive statistics.
Question 2
True/False
A summary measure that is computed from a sample to describe a characteristic of the population is called a statistic.
Question 3
True/False
Statistical inference is the process of making an estimate, prediction or decision about a population, based on sample data.
Question 4
Multiple Choice
Descriptive statistics deals with methods of:
Question 5
Essay
Consider the population of all pencil manufacturers in the world. Describe any four examples of possible samples that could be taken from this population.
Question 6
Multiple Choice
A politician who is running for the office of premier in a state with 1 million registered voters commissions a survey. In the survey, 52% of the 3000 registered voters interviewed say they plan to vote for her. The sample is the: