Fall2010PracticeMidterm

# Fall2010PracticeMidterm - BUSA320 Statistics for...

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BUSA320 – Statistics for Decision-Making in Business Practice Exam 1 1. For each of the variables below, indicate it’s type (Categorical, Numerical – Discrete or Continuous) and level of measurement (Ratio, Interval, Ordinal, Nominal): VARIABLE TYPE LEVEL Color preference of consumers in a focus group Counts of customers who shop at outlets of a chain retail store Shipping costs in dollars for deliveries from a catalog warehouse Number of employees absent from work each day Sex (male or female) of respondents in a survey 2. True or False: Area Codes are an example of categorical data a. Briefly explain 3. (2 points) True or False: Quantitative data consists of numbers along with their units. a. Briefly explain

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4. Two features of the colleges attended by CEOs of the 50 largest companies in the United States are shown below. What does this data tell you and are pie charts the best way to display this data? East, 15 N.A., 5 West, 4 South, 13 Midwest, 13 CEOs By Geography 20,000 or more, 20 Less than 2,000, 3 N.A., 5 2,000 to 9,999, 10 10,000 to 19,999, 12 CEOs By Enrollment
5. The US Census tracks the number of women-owned businesses that have a payroll. In 1992, women owned more than 800,000 such firms in the United States. The data identify the industry for all but 9,000 of these. Industry

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## This note was uploaded on 02/02/2011 for the course BUS 320 taught by Professor Pai during the Spring '11 term at University of Hawaii, Manoa.

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Fall2010PracticeMidterm - BUSA320 Statistics for...

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