statistics for business and economics 11th edition chapter 1 - exercise solution

Statistics for business and economics 11th edition chapter 1 - exercise solution

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Chapter 1 Data and Statistics Solutions: 5. a. 5 b. Price, CD capacity, and the number of tape decks are quantitative. Sound quality and FM tuning sensitivity and selectivity are qualitative. c. Average CD capacity = 30/10 = 3. d. 7 (100) 70% 10 = e. 4 (100) 40% 10 = 8. a. 1005 b. Qualitative c. Percentages d. .29(1005) = 291.45 or approximately 291. 10. a. Quantitative; ratio scale of measurement b. Qualitative; nominal scale of measurement c. Qualitative; ordinal scale of measurement since the responses can be ordered from earliest (high school) to latest (retirement) d. Quantitative; ratio scale of measurement e. Qualitative; nominal scale of measurement 11. a. Quantitative; ratio b. Qualitative; ordinal c. Qualitative; ordinal (assuming employees can be ranked by classification) d. Quantitative; ratio e. Qualitative; nominal 13. a. Earning in $ billions are quantitative data b. Time series for the years 1997 to 2005 c. Earnings for Volkswagen 1 - 1
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Chapter 1 d. Earnings were relatively low from 1997 to 1999, but showed excellent growth in 2000 and 2001. 2002 was a relatively strong year, but declines in 2003 to 2005 brought earnings back in line with
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This note was uploaded on 02/01/2011 for the course STAT 101 taught by Professor Oba during the Fall '10 term at Athens University of Econ and Bus.

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Statistics for business and economics 11th edition chapter 1 - exercise solution

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