sample Final Exam.doc - Business Statistics – Final Exam – BUQU 1230 Instructions 1 Show your work If at any point you require additional paper for

# sample Final Exam.doc - Business Statistics – Final Exam...

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1. (23 points) The Johnsons are a large family – every year they observe the winter holidays by exchanging gifts. Brent, the eldest son, has been keeping records of the number of gifts exchanged for the last 15 years. You will find the data he has compiled in the file: Final Exam Data ACCT 1230.xls within the worksheet called " Question # 1." (Please note that this Excel file contains several worksheets; each worksheet contains the data to a different problem. Be sure you are using the correct worksheet when doing each problem.) Use this data to answer the following questions: A. Brent approaches you and asks: what statistical measures would you use to answer the question: around how many presents do the Johnsons tend to exchange each year? List as many of these measures as possible. Use the data you have found in the Excel file to calculate any of these measures. Which one of these measures would you use as the best answer to Brent's question? Explain why you believe this is the most appropriate measure with which to answer the question.

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