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Statistics
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Business Statistics
Quiz 1: Statistics and Data
Path 4
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Question 81
Essay
In each of the following statements, determine whether the branch of statistics is best classified as descriptive statistics or inferential statistics. A. The average of a data set is equal to 35.7. B. The minimum value of a data set is 78, and the maximum value is 146. C. Because the average age in a sample is 23, it is likely that the average age in the population is about 23. D. Because the values in the sample are so widely dispersed, the spread of the population must be high.
Question 82
Essay
An investor wants to know today's average closing price of the stocks listed on the Standard and Poor's 500 Index. Will the investor calculate a population parameter or sample statistic? Why?
Question 83
Essay
A study of teen smoking is planned. Researchers are interested in collecting cross-sectional data, which allow them to draw conclusions about the likelihood, frequency, and longevity of teen smoking. You have been asked to design this study and will collect no more than five pieces of data. What information will you collect?
Question 84
Multiple Choice
A respondent of a survey is asked whether the Philadelphia Flyers' performance in the last game was excellent, good, fair, or poor. The person indicates that the performance was "good." This is an example of
Question 85
Essay
The following data represent a sample of property sales in Cape May County during the year 2000. Identify the qualitative and quantitative variables. What are the natural categories for Town and Class? Identify the measurement scales for all variables.
Question 86
Essay
Social networking sites support themselves in large part by selling advertising space. The hit rate on these ads is a critical measure when trying to solicit advertising. The hit rate is used as a measure of success for ads. How would you recommend a social networking site use sampling to evaluate its existing ads?
Question 87
Essay
What are the primary reasons that sampling is necessary?
Question 88
Essay
A study of teen smoking is planned. Researchers are interested in collecting data which allow them to draw conclusions about the likelihood, frequency, and longevity of teen smoking. The questions asked include: "What is your gender?" "What is your age?" "Do you smoke (yes or no)?" "How many cigarettes per day do you smoke?" "For how long have you smoked (in years)?" What is the measurement scale for each variable?
Question 89
Essay
Define the measurement scale of a car's fuel efficiency (measured in miles per gallon). Is a car's fuel efficiency discrete or continuous?
Question 90
Multiple Choice
Which of the following is an example of qualitative data?
Question 91
Essay
We would like to determine the average height of the overall student body at Ohio State University. Does it seem necessary to take a sample from the overall student body?
Question 92
Essay
A university is interested in tracking the success of its graduates by measuring the length of each graduate's job search before getting a position in his or her chosen field. How would you define the appropriate population?
Question 93
Essay
We would like to determine the average height of a college team of basketball players at Ohio State University. Is it necessary to take a sample of basketball players? Explain.
Question 94
Essay
A car company wants to know the average age of cars of their brand that are still on the road. How would you define the appropriate population? Will the car company calculate a population parameter or a sample statistic? Why?
Question 95
Essay
Researchers are interested in completing a study examining trends in the sale of foods in the U.S. They have decided to examine the quantity of organic vegetables sold by supermarkets. Will researchers be able to gather population data?