Exam 1: What Is Statistics

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Statistics is defined as a body of techniques used to facilitate the collection,organization,presentation,analysis and interpretation of information for the purpose of making better decisions.

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If Gallup,Harris and other pollsters asked people to indicate their political party affiliation as Democrat,Republican or Independent,the data gathered would be an example of which scale of measurement?

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Categorizing voters as Democrats,Republicans and Independents is an example of interval level measurement.

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The number of children in a family is a discrete variable.

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The names of the positions in a corporation,such as chief operating officer or controller,are examples of what level of measurement?

(Multiple Choice)
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What level of measurement is the price of an admission ticket to a movie theater?

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A sample is a portion or part of the population of interest.

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The performance of personal and business investments is measured as a percentage,"return on investment".What type of variable is "return on investment"?

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What is a portion or part of a population called?

(Multiple Choice)
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A company was studying the demographics of their customers.As part of the study they collected the following variables: gender,marital status,credit rating (low,medium,high),annual income,and age.Label each variable as qualitative or quantitative,discrete or continuous,and nominal,ordinal,interval,or ratio.

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Statistics are used to report the summary results of market surveys.

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If we select 100 persons from 25,000 registered voters and question them about candidates and issues,the 100 persons are referred to as the population.

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A store asks shoppers for their zip code to identify market areas.Zip codes are an example of ratio data.

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Which of the following is an example of attribute data?

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Describe the difference between a population and a sample.

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A qualitative variable such as eye color is also referred to as a(n)_____________ variable.

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Which of the following is an example of a continuous variable?

(Multiple Choice)
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What type of variable is the number of gallons of gasoline pumped by a filling station during a day?

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A variable that can have any value within a specific range is called ________________.

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The principal difference between the interval and ratio scale of measurement is that the ratio scale has a ___________________.

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