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Statistics
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Business Statistics
Exam 1: The Where, why, and How of Data Collection
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Question 81
Multiple Choice
In developing and conducting a survey,what is the purpose of the pre-test phase?
Question 82
True/False
Statistical inference would be used as the primary statistical tool by a quality control manager who wishes to estimate the average weight of her company's products.
Question 83
Multiple Choice
Based on a survey of 400 students in a university in which 20 percent indicated that they were business majors.The university student newspaper reported that "20 percent of all the students at the university are business majors." This report is an example of
Question 84
True/False
Data collected using open-ended questions is generally easier to analyze than data collected from closed-ended questions.
Question 85
True/False
When the marketing manager for a large company surveys a portion of the total customers of his company,he is using a sample from the population.
Question 86
Multiple Choice
A grocery store is interested in determining whether its customers are satisfied with the quality of service provided.To collect the necessary data,interviewers have been hired to stand near the store's exits and to survey customers who have the time and interest to be surveyed.This type of sampling is called:
Question 87
Multiple Choice
Which of the following is an example of graphs used to describe data?
Question 88
True/False
A market research firm that surveys customers in a shopping mall by asking various people to respond to a short survey about a new product is performing convenience sampling.
Question 89
True/False
Mail questionnaires typically generate poor response rates.
Question 90
Multiple Choice
A tire manufacturing company is interested in obtaining data on stopping distances for each of the three main tread types made by the company.The data collection method that would be most likely used in this case would be:
Question 91
Essay
Explain the difference between a stratified random sample and cluster random sample.
Question 92
True/False
A parameter is the boundary on the population of interest.
Question 93
True/False
An experiment is a process that generates data as its outcome.
Question 94
True/False
At the end of the school term,students are asked to rate the course and instructor by indicating on a scale of 1-5 how well they liked the course.The data generated from this question are examples of ordinal data.
Question 95
Multiple Choice
Estimation and hypothesis testing are categories of:
Question 96
Essay
Discuss the differences and similarities between statistical estimation and statistical hypothesis testing.
Question 97
True/False
A cell phone service provider has 14,000 customers.Recently,the sales department selected a random sample of 400 customer accounts and recorded the number of minutes of long distance time used during the previous billing period.The data for this variable is considered to be nominal since the values are based on sample data.
Question 98
Essay
What are the major categories of statistical tools that will be covered in this course?
Question 99
Multiple Choice
A consumer products company is considering introducing a new product nationally.To help make the decision,it first conduct a test market by selling the product for a few months in one city.This is an example of: