Chapter 1

Question 1

A science dealing with the collection, analysis, interpretation, and presentation of numerical data is called statistics_____________.

Answer 1

Statistics

Question 2

One way to subdivide the field of statistics is into the two branches

Answer 2

Descriptive, Inferential

Question 3

A collection of persons, objects or items of interest is a

Answer 3

Population

Question 4

Data gathered from a whole population is called a

Answer 4

Census

Question 5

If a population consists of all the radios produced today in the Akron facility and if a quality control inspector randomly selects forty of the ratios, the group of forty is referred to as

Answer 5

Sample

Question 6

If data are used to reach conclusions only about the group from which the data are gathered, then the statistics are referred to as

Answer 6

Descriptive

Question 7

If data are gathered from a subgroup of a larger group and the data are used to reach conclusions about the larger group, then the statistics are said to be

Answer 7

Inferential

Question 8

Another name for inferential statistics is

Answer 8

Inductive

Question 9

Descriptive measures which are usually denoted by Greek letters are called

Answer 9

Parameters

Question 10

A characteristic of any entity being studied that is capable of taking on different values is

Answer 10

Variable

Question 11

When a standard process is used to assign numbers to particular attributes or characteristics of a variable, it is called

Answer 11

Measurement

Question 12

Recorded measurements are

Answer 12

Data

Question 13

The highest level of data measurement is

Answer 13

Ratio

Question 14

The level of data measurement used when ranking items is

Answer 14

Ordinal

Question 15

. If a number represents the geographic location of a business, then the level of data represented by the number is probably

Answer 15

Nominal

Question 16

16. If the data being gathered are only ordinal level data, then the researcher should only use statistics to analyze the data.

Answer 16

Nonparametric

Question 17

The ages of managers of fast-food restaurants.

Answer 17

Ratio

Question 18

An employee’s identification number.

Answer 18

Nominal

Question 19

The number of freight cars per train for five hundred trains.

Answer 19

Ratio

Question 20

The elevation of a town.

Answer 20

Interval

Question 21

The number of feet it takes a car to stop going fifty miles per hour.

Answer 21

Ratio

Question 22

The number of ounces of orange juice consumed by each Floridian in the morning.

Answer 22

Ratio

Question 23

The volume of wheat in each silo in Nebraska in August.

Answer 23

Ratio

Question 24

A rating scale of the productivity of each worker which has as its adjectives: very poor, poor, average, good, outstanding.

Answer 24

Ordinal

Question 25

A person’s religious preference.

Answer 25

Nominal

Question 26

Weights of statistics’ textbooks.

Answer 26

Ratio

Question 27

Years of experience on the job.

Answer 27

Ratio

Question 28

Number representing a worker’s assignment to the red team, blue team, or green team at work where the red team is considered the top workers, the green team is considered the least productive workers, and the blue team is for workers in the middle.

Answer 28

Ordinal

Question 29

____________________ is the application of processes and techniques that transforms raw data into meaningful information to improve decision-making.

Answer 29

Business Analytics

Question 30

A collection of large and complex datasets from different sources that are difficult to process using traditional data management and processing applications is referred to
as _________________.

Answer 30

Big Data

Question 31

The collecting, exploring, and analyzing of large volumes of data in an effort to uncover hidden patterns and/or relationships that can be used to enhance business decision-making is ______________________.

Answer 31

Data Mining

Question 32

The study of the visual representation of data intended to convey data or information by imparting it as visual objects displayed in graphics is called

Answer 32

Data Visualization