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Essentials of Business Statistics
Exam 4: Gathering Data
Path 4
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Question 21
Multiple Choice
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system. She knows that 2,500 payroll vouchers have been issued since January 1, 2000, and her staff doesn't have time to inspect each voucher. So, she randomly selects 53 as a starting point and orders her staff to inspect the 53rd voucher and each voucher at an increment of 100 (53, 153, 253, etc.) . Her sample is a ___.
Question 22
True/False
A major limitation of nonrandom samples is that they are not appropriate for most statistical methods.
Question 23
Multiple Choice
Which one of the following is a reason for conducting a census instead of taking a sample?
Question 24
Multiple Choice
Interviewing all members of a given population is known as
Question 25
Multiple Choice
Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system. She knows that 2,500 payroll vouchers have been issued since January 1, 2000, and her staff doesn't have time to inspect each voucher. So, she orders her staff to inspect the last 200 vouchers. Her sample is a ___.
Question 26
Multiple Choice
Financial analyst Larry Potts needs a sample of 100 securities listed on the New York Stock Exchange. In the current issue of the Wall Street Journal, 2,531 securities are listed in the "New York Exchange Composite Transactions," an alphabetical listing of all securities traded on the previous business day. Larry randomly selects the 7th security as a starting point, and selects every 25th security thereafter (7, 32, 57, etc.) . His sample is a ___.
Question 27
True/False
The two major categories of sampling methods are proportionate and disproportionate sampling.
Question 28
Multiple Choice
Alice Zhong is the VP of operations at Pearl Financial Services. She wants to measure customer satisfaction after a new website and other changes were introduced a few months ago. For this purpose, she instructs her staff to prepare a questionnaire and send it to the first 200 clients in their alphabetical list of active clients. This is an example of ___.
Question 29
Multiple Choice
Abel Alonzo, Director of Human Resources, is exploring employee absenteeism at the Harrison Haulers Plant. Abel knows that absenteeism varies significantly between departments. For example, workers in the wood shop are absent more than those in the tuning department and the size of the departments ranges from 40 to 120 workers. He orders a random sample of 10 workers from each of the six departments. Abel's sample is a ___.
Question 30
True/False
Sampling errors
Â
cannot
Â
\textbf{ cannot }
 cannotÂ
by determined objectively for nonrandom sampling techniques.
Question 31
Essay
What is the difference between stratified and cluster sampling? If the objective is to increase precision, which method is preferred?
Question 32
Multiple Choice
On Saturdays, cars arrive at David Zebda's Scrub and Shine Car Wash at the rate of 80 cars per hour during the ten-hour shift. David wants a sample of 40 Saturday customers to answer the long version of his quality service questionnaire. He randomly selects 9 as a starting point and instructs the crew to select the 9th customer and each customer at intervals of 20 (9, 29, 49, etc.) . His sample is a ___.
Question 33
Multiple Choice
On Saturdays, cars arrive at David Zebda's Scrub and Shine Car Wash at the rate of 80 cars per hour during the ten-hour shift. David wants a sample of 40 Saturday customers to answer the long version of his quality service questionnaire. He instructs the Saturday crew to select the first 40 customers. His sample is a ___.
Question 34
True/False
In a random sampling technique, every unit of the population has a randomly varying chance or probability of being included in the sample.
Question 35
Multiple Choice
Abel Alonzo, Director of Human Resources, is exploring employee absenteeism at the Harrison Haulers Plant. Abel knows that absenteeism varies significantly between departments. For example, workers in the wood shop are absent more than those in the tuning department and the size of the departments ranges from 40 to 120 workers. He orders a random sample of 10% of the workers from each of the six departments. Abel's sample is a ___.
Question 36
Multiple Choice
Which one of the following is
Â
not
Â
\textbf{ not }
 notÂ
a reason for taking a sample instead of conducting a census?
Question 37
Multiple Choice
Catherine Chao, Director of Marketing Research, needs a sample of households to participate in the testing of a new toothpaste package. She directs the seven members of her staff to find five households each. Catherine's sample is a ___.