Exam 12: Using Basic Descriptive Analysis, performing Population Estimates, and Testing Hypotheses

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The hypothesized population parameter value can be determined using either a percentage or a mean.

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A practical use of confidence intervals is that they may be used to forecast likely,pessimistic,and optimistic forecasts.

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Ping Golf,Inc. ,conducts a study in which they use a probability sample of 600 golfers.They examine the data from the sample and calculate that 28 percent of them own Ping golf clubs.The 28 percent is the:

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To address ________,the square root of the entire equation for the standard deviation is taken.

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The term ________ applies to any statistical measure used that somehow reflects a typical or frequent response.

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The square of standard deviation is known as:

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A demographic question such as,"About how many times did you buy fast-food for lunch last week?" should have the median as the appropriate central tendency measure for its responses.

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________ are concerned with depicting the typical difference between the values in a set of values.

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If you were investigating the percentage of high school students who eat at the local Taco Bell,the percentage - because it is derived from the sample - is the sample statistic.

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Multiple regression is a form of ________ analysis.

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Statistical concepts such as correlation and cross-tabulation are forms of association analysis.

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Statistical procedures and models are available to the marketing researcher to help make forecasts about future events,and these fall under the category of association analysis.

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The mode is a descriptive analysis measure defined as that value in a string of numbers that occurs most often.

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Statistical concepts such as standard error and null hypothesis are forms of ________ analysis.

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________ is defined as the process of describing a dataset by computing a small number of statistics that characterize various aspects of the data.

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Values that are computed from information provided by a sample are referred to as the sample's:

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________ analysis is used by marketing researchers to describe the sample dataset in such a way as to portray the typical respondent and to reveal the general pattern of responses.

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A hypothesis test is used to approximate the population value through the use of confidence intervals.

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________ analysis helps determine the degree to which real and generalizable differences exist in the population.

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A hypothesis test gives you the probability of support for your hypothesis based on the sample evidence and sample size.

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