S24 - ANSWER: sample TYPE: FI DIFFICULTY: Easy KEYWORDS:...

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1. True or False: The question: “How much did you make last year, rounded to the nearest hundreds of dollars?” will most likely result in measurement error. ANSWER: True TYPE: TF DIFFICULTY: Moderate KEYWORDS: measurement error 2. The Human Resources Director of a large corporation wishes to develop an employee benefits package and decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the various components of a potential package. All the employees in the corporation constitute the _______. ANSWER: population TYPE: FI DIFFICULTY: Easy KEYWORDS: population 3. The Human Resources Director of a large corporation wishes to develop an employee benefits package and decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the various components of a potential package. The 500 employees who will participate in this study constitute the _______.
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Unformatted text preview: ANSWER: sample TYPE: FI DIFFICULTY: Easy KEYWORDS: sample 4. The Human Resources Director of a large corporation wishes to develop an employee benefits package and decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the various components of a potential package. The Director will use the data from the sample to compute _______. ANSWER: statistics TYPE: FI DIFFICULTY: Easy KEYWORDS: statistic 5. The Human Resources Director of a large corporation wishes to develop an employee benefits package and decides to select 500 employees from a list of all (N = 40,000) workers in order to study their preferences for the various components of a potential package. Information obtained from the sample will be used to draw conclusions about the true population _______. ANSWER: parameters TYPE: FI DIFFICULTY: Easy KEYWORDS: parameter...
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This note was uploaded on 02/14/2011 for the course ECON 100 taught by Professor Mmm during the Spring '11 term at Allen University.

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