TEST BANK Ch 1-5 - TEST BANK Ch 1-5 CHAPTER 1-DATA AND STATISTICS MULTIPLE CHOICE 1 In a questionnaire respondents are asked to mark their gender

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TEST BANK Ch 1-5. CHAPTER 1—DATA AND STATISTICS MULTIPLE CHOICE 1. In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of the a. ordinal scale b. nominal scale c. ratio scale d. interval scale ANS: B 2. Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the a. ordinal scale b. ratio scale c. nominal scale d. interval scale ANS: A 3. Income is an example of a variable that uses the a. ratio scale b. interval scale c. nominal scale d. ordinal scale ANS: A 4. The scale of measurement that has an inherent zero value defined is the a. ratio scale b. nominal scale c. ordinal scale d. interval scale ANS: A 5. Data a. are always be numeric b. are always nonnumeric c. are the raw material of statistics d. None of these alternatives is correct. ANS: C

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6. The entities on which data are collected are a. elements b. populations c. samples d. None of these alternatives is correct. ANS: A 7. The set of measurements collected for a particular element is (are) called a. variables b. observations c. samples d. None of these alternatives is correct. ANS: B 8. A characteristic of interest for the elements is called a(n) a. sample b. data set c. variable d. None of these alternatives is correct. ANS: C 9. Quantitative data a. are always nonnumeric b. may be either numeric or nonnumeric c. are always numeric d. None of these alternatives is correct. ANS: C 10. Social security numbers consist of numeric values. Therefore, social security is an example of a. a quantitative variable b. either a quantitative or a qualitative variable c. an exchange variable d. a qualitative variable ANS: D 11. A portion of the population selected to represent the population is called a. statistical inference b. descriptive statistics c. a census d. a sample ANS: D 15. In a sample of 800 students in a university, 240, or 30%, are Business majors. The 30% is an example of a. a sample b. a population
c. statistical inference d. descriptive statistics ANS: D 16. Data collected at the same, or approximately the same, point in time are a. time series data b. approximate time series data c. crossectional data d. approximate data ANS: C 17. Data collected over several time periods are a. time series data b. time controlled data c. crossectional data d. time crossectional data ANS: A Exhibit 1-1 Part of the data bank of a corporation is shown below. Employee Number Gender Department Years of Experience Employee Rank (1 - 10) Yearly Salary 23450 Male Accounting 15 10 \$ 52,443.00 34568 Female IT 24 7 \$111,239.00 23123 Female Personnel 20 4 \$ 84,473.00 23007 Male Finance 9 1 \$ 47,519.00 18. Refer to Exhibit 1-1. Employee Number is an example of ________ data. a.

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This note was uploaded on 08/27/2008 for the course BUAD 2060 taught by Professor Rao during the Summer '08 term at Toledo.

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TEST BANK Ch 1-5 - TEST BANK Ch 1-5 CHAPTER 1-DATA AND STATISTICS MULTIPLE CHOICE 1 In a questionnaire respondents are asked to mark their gender

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