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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 101
True/False
When an interviewer asks a specified series of questions in the course of a personal interview,he/she is conducting an unstructured interview.
Question 102
Multiple Choice
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:
Question 103
True/False
A sample is selected from a population in cases where selecting data from the entire population is either very difficult or very expensive.
Question 104
True/False
When comparing experiments,surveys,and direct observation as methods of data collection,the method that would typically be the least expensive is surveys.
Question 105
Multiple Choice
In order to determine a parameter (such as a mean) of a population you would need to conduct a
Question 106
True/False
Simple random sampling involves selecting members of the population in such as way that all members are equally likely to be chosen.
Question 107
True/False
If you have an ordinal variable,it is possible to precisely measure the magnitude of the difference between the possible values of the variable.
Question 108
Multiple Choice
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.Considering the age variable where employees were asked to list their age at their last birthday,which of the following best describes the level of data measurement for that variable?
Question 109
True/False
An accountant who recently examined 200 accounts from a company's total of 4,000 accounts in an effort to estimate the percentage of all accounts that have incorrect journal entries is using descriptive statistical analysis to reach the conclusion.
Question 110
Multiple Choice
If a stratified random sample is to be conducted,which of the following is true?
Question 111
Essay
Discuss the two major types of descriptive statistics.
Question 112
True/False
When customers return a product to a store and the store asks the customer to indicate the reason that the merchandise was returned,the resulting data are quantitative since multiple people will be providing the data.