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Business Statistics Study Set 4
Quiz 16: Forecasting Techniques and Analysis for Time Series Data
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Question 41
True/False
The number on baseball players' uniforms is an example of nominal data.
Question 42
True/False
The null hypothesis for the Kruskal- Wallis test always states that there is no difference among the means of the populations being tested.
Question 43
True/False
The test statistic for the one- tail sign test, S, is the number of plus signs regardless of the type of alternative hypothesis.
Question 44
True/False
The sign test is a nonparametric procedure that assigns a plus sign or a minus sign to each observation in a sample.
Question 45
True/False
The sign test can be used to determine if consumers prefer one product or service over another.
Question 46
True/False
Parametric statistics require the level of data measurement to be ordinal or interval.
Question 47
True/False
Parametric statistics are procedures that rely on fewer assumptions about the probability distribution for a population of interest than nonparametric statistics do.
Question 48
True/False
Ordinal data has all of the properties of interval data with the added feature that allows us to measure the differences between the categories with actual numbers in a meaningful way.
Question 49
True/False
Nominal data has all the properties of interval data with the added benefit of having a true zero point.
Question 50
True/False
If the test statistic for the Kruskal- Wallis test is greater than the critical value for the Kruskal- Wallis test, the null hypothesis is rejected.
Question 51
True/False
The Wilcoxon rank- sum test is a nonparametric procedure that determines whether two populations have the same probability distribution based on evidence from two independent samples.
Question 52
True/False
The sign test can be used to perform a hypothesis test for a population mean.
Question 53
True/False
The Spearman rank- order correlation coefficient is a nonparametric procedure measures the strength and direction of the relationship between two variables.
Question 54
True/False
Because each observation from a sample for the sign test must be assigned a plus or minus sign, this sampling distribution can be said to follow the binomial probability distribution.
Question 55
True/False
Interval data has all of the properties of ordinal data with the added feature that allows us to measure the differences between the categories with actual numbers in a meaningful way.
Question 56
True/False
All else being equal (the same sample size, same level of significance, and so on), the parametric procedure will result in a higher probability of your correctly rejecting the null hypothesis.