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Statistics
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Business Statistics
Exam 2: Graphs,Charts and Tablesdescribing Your Data
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Question 21
True/False
A university recently collected data for a sample of 200 business majors.One variable collected was the number of credits left to be taken before graduation.This variable could effectively be displayed using a line chart.
Question 22
Multiple Choice
The undergraduate students at your university are classified as freshmen,sophomores,juniors,or seniors.A recent study of undergraduates asked the students to indicate the number of credits they were registered for this term.The responses were 3,6,9,12,15,and 18.The number of cells in a joint frequency distribution for the two variables,class standing,and credit hours is:
Question 23
Multiple Choice
Consider the following chart.Which of the following statements is most correct?
Question 24
True/False
For the same data,a graph of a relative frequency distribution will look exactly the same as a graph of the frequency distribution.
Question 25
True/False
When developing a frequency distribution,the following classes would be considered acceptable: 5 to < 10 10 to < 20 20 to < 40
Question 26
Multiple Choice
Consider the following chart.Which of the following statements is most correct?
Question 27
True/False
The following class limits would be acceptable for developing a frequency distribution on income: $0 < $5,000 $5001 < $10,000 $10,001 < $20,000 Over $20,000
Question 28
Essay
Discuss the steps that you would use to manually construct a histogram for the salaries of the 1,124 employees in the Ferris Steel Company.
Question 29
Multiple Choice
Frequency distributions can be formed from which of the following types of data?
Question 30
Multiple Choice
A homeowners association consists of 20 homes.The family in each home is considered an automatic member of the association.Recently,one of the homes fell into a state of disrepair.A survey was conducted of the homeowners both on the same street as the house in question and on the second street.At issue was whether legal action should be brought against the homeowner with the problem house.There are 8 homes on the same street as the problem house and 6 of these called for legal action.The percentage of houses on the second street that favored legal action is 50 percent.Which type of chart might be most effective for conveying the information about percentage of residents favoring legal action by street?
Question 31
True/False
The upper and lower limits of each class in a frequency distribution are also referred to as the data array.
Question 32
True/False
In a study involving car owners,one question asked the owner for the number of miles driven last year.A second question asked the owner for the age of the vehicle.A histogram would be useful for analyzing the relationship between miles driven and the age of the vehicle.
Question 33
True/False
A tire store manager has collected data showing the number of tires of each brand sold during the past month.A bar chart might be effective in graphically illustrating which brands tend to sell best at this store.