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The complete collection of all entities under study is called the sample.

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True False

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Answer:

False

All numerical data must be analyzed statistically in the same way because all of them are represented by numbers.

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True False

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Answer:

False

A list of final grades in an introductory class in business is an example of statistics

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True False

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Answer:

False

Statistics is commonly divided into two branches called descriptive statistics and summary statistics.

True False

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Measurements occur when a standard process is used to assign numbers to attributes or characteristics of a variable.

True False

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A census is the process of gathering data on all the entities in the population.

True False

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Gathering data from a sample to reach conclusions about the population from which the sample was drawn is called descriptive statistics.

True False

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A variable is a numerical description of each of the possible outcomes of an experiment.

True False

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The basis for inferential statistics is the ability to make decisions about population parameters without having to complete a census of the population.

True False

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Calculation of population parameters is usually either impossible or excessively time consuming and costly.

True False

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A graph of purchases made from one store location would be an example of statistics within a business context.

True False

Answer: