chapter 4 quiz

Question 1

data would be considered the least sophisticated type of data.

Answer 1

Nominal

Question 2

question 2 look at because has chart

Answer 2

ok

Question 3

same with question 3

Answer 3

ok

Question 4

In the late 1960s, Ed Altman developed a model to predict if a company was at severe risk of going bankrupt. He called his statistic Altman’s Z-score, now a widely used score in finance. Based on the name of the statistic, which statistical distribution would you guess this came from?

Answer 4

Standardized normal distribution

Question 5

The Fahrenheit scale of temperature measurement would best be described as an example of:

Answer 5

interval data.

Question 6

Letter grades of A, B, and C would be best described as an example of:

Answer 6

ordinal data.

Question 7

Line charts are not recommended for what type of data?

Answer 7

Qualitative data

Question 8

Anscombe’s Quartet suggests that:

Answer 8

visualizations should be used in tandem with statistics.

Question 9

data would be considered the most sophisticated type of data.

Answer 9

Ratio

Question 10

Which of the following is not a typical example of nominal data?

Answer 10

SAT scores