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Mathematics
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Business Mathematics
Quiz 3: Data and Their Accuracy
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Question 1
Multiple Choice
As a researcher conducting work at a local visitor attraction you count the number of visitors every day for a week, recording gender and the number of adult and child tickets sold. How might this data be classified?
Question 2
Multiple Choice
What term is used when numbers are rounded in one direction only (e.g. ages are usually only rounded down) ?
Question 3
Multiple Choice
An insurance company reports the average number of transactions each day as 1,850 (n10) . What is the correct range of possible true values?
Question 4
Multiple Choice
A ball-bearing factory makes 4,000,000 ±5% ball bearings each day. Which option below represents the minimum and maximum number of ball bearings actually produced each day?
Question 5
Multiple Choice
Which answer below IS an example of planned or predictable error?
Question 6
Multiple Choice
Why is it usually considered preferable to use numbers subject to compensating errors rather than numbers subject to systematic errors?
Question 7
Multiple Choice
You have been asked to estimate the number of books in school libraries in Izmir, Turkey. You know there exactly 85 schools and that on average each library has 12,500 (n100) books. What is the correct range of values?
Question 8
Multiple Choice
The average cost of a week-long holiday for 2 adults and 2 children is reported as being AED 10,200 (Emirati Dirham) . You know the actual value was calculated as AED 10,197.89 but that it has been rounded. What is this process called?