CH 01 - Data and Statistics: Page 1
CH 01 - Data and Statistics: Page 1
CH 01 - Data and Statistics: Page 1
Multiple Choice
1. Different methods of developing useful information from large data bases are dealt with under
a. data manipulation.
b. data warehousing.
c. big data.
d. data mining.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.07 - Big Data and Data Mining
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
4. In a questionnaire, respondents are asked to mark their gender as male or female. The scale of measurement for gender
is
Copyright Cengage Learning. Powered by Cognero. Page 1
CH 01 - Data and Statistics
a. ordinal scale.
b. nominal scale.
c. ratio scale.
d. interval scale.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
5. The scale of measurement that is used to rank order the observation for a variable is called the
a. ratio scale.
b. ordinal scale.
c. nominal scale.
d. interval scale.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
6. Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of
the
a. ordinal scale.
b. ratio scale.
c. nominal scale.
d. interval scale.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
7. The data measured on ordinal scale exhibits all the properties of data measured on
a. ratio scale.
b. interval scale.
12. The scale of measurement that has an inherent zero value defined is the
a. ratio scale.
b. nominal scale.
c. ordinal scale.
d. interval scale.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
14. Data
a. are always numeric.
b. are always non-numeric.
c. are the raw material of statistics.
d. are always categorical.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
19. Quantitative data
a. are always non-numeric.
b. may be either numeric or non-
numeric.
c. are always numeric.
d. are never numeric.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
20. In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of a(n)
a. categorical variable.
b. quantitative variable.
c. interval-scale variable.
d. ordinal-scale variable.
ANSWER: a
POINTS: 1
22. Categorical data
a. must be numeric.
b. must be nonnumeric.
c. cannot be numeric.
d. may be either numeric or nonnumeric.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
23. Categorical data
a. indicate either how much or how many.
b. cannot be numeric
c. are labels used to identify attributes of
elements.
d. must be nonnumeric.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
25. Social security numbers consist of numeric values. Therefore, social security number is an example of
a. a quantitative variable.
b. either a quantitative or a categorical
variable.
c. an exchange variable.
d. a categorical variable.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
26. Temperature is an example of
a. a categorical variable.
b. a quantitative variable.
c. either a quantitative or categorical variable.
d. neither a quantitative nor categorical variable.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
27. For ease of data entry into a university database, 1 denotes that the student is an undergraduate and 2 indicates that the
student is a graduate student. In this case data are
Copyright Cengage Learning. Powered by Cognero. Page 8
CH 01 - Data and Statistics
a. categorical.
b. quantitative.
c. either categorical or quantitative.
d. neither categorical nor
quantitative.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
29. Income is an example of
a. categorical data.
b. either categorical or quantitative data.
c. nominal data.
d. quantitative data.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
30. Data collected at the same, or approximately the same point in time are
a. time series data.
b. approximate time series data.
c. cross-sectional data.
d. approximate data.
Copyright Cengage Learning. Powered by Cognero. Page 9
CH 01 - Data and Statistics
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
34. The summaries of data, which may be tabular, graphical, or numerical, are referred to as
a. inferential statistics.
b. descriptive statistics.
c. statistical inference.
d. data analytics.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.04 - Descriptive Statistics
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Descriptive
Statistics
KEYWORDS: Bloom's: Remember
35. Statistical inference
a. refers to the process of drawing inferences about the sample based on the
characteristics of the population.
b. is the same as descriptive statistics.
c. is the process of drawing inferences about the population based on the information
taken from the sample.
d. is the same as a census.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
38. In a sample of 800 students in a university, 240 or 30% are Business majors. The 30% is an example of
a. a sample.
b. a population.
c. statistical inference.
d. descriptive statistics.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.04 - Descriptive Statistics
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Descriptive
Statistics
KEYWORDS: Bloom's: Understand
39. In a sample of 400 students in a university, 80 or 20% are Business majors. Based on the above information, the
school's paper reported that "20% of all the students at the university are Business majors." This report is an example of
a. a sample.
b. a population.
c. statistical inference.
d. descriptive statistics.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
41. A statistics professor asked students in a class their ages. On the basis of this information, the professor states that the
average age of all the students in the university is 24 years. This is an example of
a. a census.
b. descriptive statistics.
c. an experiment.
d. statistical inference.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
42. The owner of a factory regularly requests a graphical summary of all employees' salaries. The graphical summary of
salaries is an example of
a. a sample.
b. descriptive statistics.
c. statistical inference.
d. an experiment.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.04 - Descriptive Statistics
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Descriptive
Statistics
KEYWORDS: Bloom's: Understand
43. The Department of Transportation of a city has noted that on the average there are 17 accidents per day. The average
Copyright Cengage Learning. Powered by Cognero. Page 13
CH 01 - Data and Statistics
number of accidents is an example of
a. descriptive statistics.
b. statistical inference.
c. a sample.
d. a population.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.04 - Descriptive Statistics
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Descriptive
Statistics
KEYWORDS: Bloom's: Understand
44. The process of analyzing sample data in order to draw conclusions about the characteristics of a population is called
a. descriptive statistics.
b. statistical inference.
c. data analysis.
d. data summarization.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Remember
45. In a post office, the mailboxes are numbered from 1 to 4,500. These numbers represent
a. categorical data.
b. quantitative data.
c. either categorical or quantitative data.
d. since the numbers are sequential, the data is
quantitative.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
46. The average age in a sample of 190 students at City College is 22. As a result of this sample, it can be concluded that
the average age of all the students at City College
a. must be more than 22, since the population is always larger than the
sample.
Copyright Cengage Learning. Powered by Cognero. Page 14
CH 01 - Data and Statistics
b. must be less than 22, since the sample is only a part of the population.
c. could not be 22.
d. is around 22.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
48. The scale of measurement used for variable data that is simply a label for the purpose of identifying the attribute of an
element is the
a. ratio scale.
b. nominal scale.
c. ordinal scale.
d. interval scale.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
49. In a data set, the number of elements will always be the same as the number of
a. independent variables.
b. observations.
c. data points.
d. dependent variables.
56. An interviewer has made an error in recording the data. This type of error is known as
a. an experimental error.
57. Census refers to
a. an experimental study to collect data on the entire
population.
b. an experimental study to collect data on a sample.
c. a survey to collect data on a sample.
d. a survey to collect data on the entire population.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Remember
61. Which of the following scales of measurement are appropriate for quantitative data?
a. Interval and ordinal
b. Ratio and ordinal
c. Nominal and ordinal
d. Interval and ratio
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
63. A population is
a. the same as a sample.
b. the selection of a random sample.
c. the collection of all items of interest in a particular
study.
d. always the same size as the sample.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
64. In a random sample of 200 items, 5 items were defective. An estimate of the percentage of defective items in the
population is
a. 5%.
b. 2.5%.
c. 20%.
d. 10%.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Apply
65. On a street, the houses are numbered from 300 to 450. The house numbers are examples of
a. categorical data.
b. quantitative data.
c. both quantitative and categorical data.
d. neither quantitative nor categorical data.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Understand
67. In a sample of 1,600 registered voters, 912 or 57% approve of the way the President is doing his job. The 57%
approval is an example of
a. a sample.
b. descriptive statistics.
c. statistical inference.
d. a population.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.04 - Descriptive Statistics
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Descriptive
Statistics
KEYWORDS: Bloom's: Understand
68. In a sample of 1,600 registered voters, 912 or 57% approve of the way the President is doing his job. A political
pollster estimates: "Fifty-seven percent of all voters approve of the President." This statement is an example of
a. a sample.
b. descriptive statistics.
c. statistical inference.
d. a population.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand
69. Many data analysts define big data by referring to the three V’s of data, which include all of the following except
a. Volume.
b. Validity.
71. Optimization models, which generate solutions that maximize or minimize some objective subject to a set of
constraints, fall into the category of
a. prescriptive analytics.
b. predictive analytics.
c. descriptive analytics.
d. diagnostic analytics.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.06 - Analytics
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's : Understand
72. Simulation, which is the use of probability and statistical computer models to better understand risk, falls under the
category of
a. prescriptive analytics.
b. predictive analytics.
c. descriptive analytics.
d. diagnostic analytics.
ANSWER: b
74. Analytics is generally thought to comprise three broad categories of techniques that include all of the following except
a. prescriptive analytics.
b. predictive analytics
c. descriptive analytics.
d. diagnostic analytics.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
77. The major applications of data mining have been made by companies with a strong _______ focus.
a. wholesale
b. manufacturing
c. consumer
d. research and development
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.07 - Big Data and Data Mining
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's : Understand
78. Dr. Kurt Thearling, a leading practitioner in the field, defines data mining as “the _________ extraction of _________
information from databases”.
a. thorough, insightful
b. timely, accurate
c. automated, predictive
d. intentional, useful
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.07 - Big Data and Data Mining
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
79. Which of the following is not an example of a firm that sells or leases business database services to clients?
a. Dun & Bradstreet
Copyright Cengage Learning. Powered by Cognero. Page 24
CH 01 - Data and Statistics
b. Bloomberg
c. Census Bureau
d. Dow Jones & Co.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.03 - Data Sources
NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's : Remember
81. The number observations in a complete data set having 10 elements and 5 variables is
a. 5.
b. 10.
c. 25.
d. 50.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
83. Facts and figures that are collected, analyzed and summarized for presentation and interpretation are
a. variables.
b. elements.
c. time series
data.
d. data.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: BSST.ASWC.17.01.02 - Data
NATIONAL STANDARDS: United States - BUSPROG:Analytic
STATE STANDARDS: United States - AK - DISC:
KEYWORDS: Bloom's: Remember
85. After graduation ceremonies at a university, six graduates were asked whether they were in favor of (identified by 1)
or against (identified by 0) abortion. Some information about these graduates is shown below.
Graduate Sex Age Abortion Issue Class Rank
Marissa F 24 1 1
Jason M 22 1 2
Wendy F 41 0 3
Edward M 38 0 20
Jennifer F 25 1 4
Tim M 19 0 8
Copyright Cengage Learning. Powered by Cognero. Page 26
CH 01 - Data and Statistics
86. A recent issue of Fortune Magazine reported that the following companies had the lowest sales per employee among
the Fortune 500 companies.
Sales per Employee Sales
Company (In $1,000s) Rank
Seagate Technology 42.20 285
SSMC 42.19 414
Russel 41.99 480
Maxxam 40.88 485
Dibrell Brothers 22.56 470
87. The following shows the temperatures (high, low) and weather conditions in a given Sunday for some selected world
cities. For the weather conditions, the following notations are used: c = clear; cl = cloudy; sh = showers; pc = partly
cloudy.
City Hi Lo Condition
Acapulco 99 77 pc
Bangkok 92 78 pc
Mexico City 77 57 sh
Montreal 72 56 pc
Paris 77 58 c
Rome 88 68 cl
Toronto 78 61 c
88. The following data shows the yearly income distribution of a sample of 200 employees at MNM, Inc.
Yearly Income Number
(In $1,000s) of Employees
20 - 24 2
25 - 29 48
30 - 34 60
35 - 39 80
40 - 44 10
89. A recent issue of a national magazine reported that in a national public opinion survey conducted among 2,000
individuals, 56% were in favor of gun control, 40% opposed gun control, and 4% had no opinion on the subject.
a. What is the sample in this survey?
Based on the sample, what percentage of the population would you think is in favor of gun
b.
control?
Based on the sample, what percentage of the population would you think have no opinion on
c.
the subject?
ANSWER:
a. The 2000 individuals who were approached
b. 56%
c. 4%
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJEC BSST.ASWC.17.01.05 - Statistical Inference
TIVES:
NATIONAL STAND United States - BUSPROG: Analytic
ARDS:
STATE STANDARD United States - AK - DISC: Statistical Inference
S:
Copyright Cengage Learning. Powered by Cognero. Page 29
CH 01 - Data and Statistics
KEYWORDS: Bloom's: Understand
90. The following table shows the starting salaries of a sample of recent business graduates.
Income (In $1,000s) Number of Graduates
15 - 19 40
20 - 24 60
25 - 29 80
30 - 34 18
35 - 39 2
a. What percentage of graduates in the sample had starting salaries of at least $30,000?
b. Of the graduates in the sample, what percentage had starting salaries of less than $25,000?
Based on this sample, what percentage of all business graduates do you estimate to have
c.
starting salaries of at least $20,000?
ANSWER:
a. 10%
b. 50%
c. 80%
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJEC BSST.ASWC.17.01.05 - Statistical Inference
TIVES:
NATIONAL STAND United States - BUSPROG: Analytic
ARDS:
STATE STANDARD United States - AK - DISC:
S:
KEYWORDS: Bloom's: Apply
91. Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table below shows the hourly
wage distribution of the employees.
Hourly Wages (In Dollars) Number of Employees
10 - 13 8
14 - 17 12
18 - 21 20
22 - 25 10
92. The following information regarding the top eight Fortune 500 companies was presented in an issue of Fortune
Magazine.
Sales Sales Profit Profit
Company $ Millions Rank $ Millions Rank
General Motors 161,315 1 2,956 30
Ford Motor 144,416 2 22,071 2
Wal-Mart Stores 139,208 3 4,430 14
Exxon 100,697 4 6,370 5
General Electric 100,469 5 9,269 3
Int'l Business Machines 81,667 6 6,328 6
Citigroup 76,431 7 5,807 8
Philip Morris 57,813 8 5,372 9
Boeing 56,154 9 1,120 82
AT&T 53,588 10 6,398 4
94. The following information regarding the ten richest Americans was reported in a recent issue of Forbes.
Worth Marital
Name Ranking Age Source
($Billions) Status
Gates, William 1 59.0 51 married Microsoft
Buffett, Warren 2 52.0 77 married Berkshire Hathaway
Adelson, Sheldon 3 28.0 74 married casinos, hotels
Ellison, L. J. 4 26.0 63 married Oracle
Brin, Sergey 5 18.5 34 married Google
Page, Larry 5 18.5 34 single Google
Kerkorian, Kirk 7 18.0 90 divorced investments, casinos
Dell, Michael 8 17.2 42 married Dell
Koch, Charles 9 17.0 71 married oil, commodities
Koch, David 9 17.0 67 married oil, commodities
95. The following national weather report gives the temperatures and weather conditions on the previous day in cities
across the nation.
City Hi Lo Condition
Albany, N.Y. 88 60 cloudy
Chicago 92 64 clear
Dallas-Ft.Worth 89 72 cloudy
Denver 75 54 clear
Hartford 88 61 cloudy
Honolulu 86 70 clear
Kansas City 93 74 clear
Los Angeles 80 62 cloudy
Nashville 94 72 rain
New York City 90 69 rain
Philadelphia 90 67 rain
96. The following table shows the age distribution of a sample of 180 students at a local college.
a. Of the students in the sample, what percentage is younger than 20 years of age?
b. What percentage is at least 30 years of age?
Based on this sample, what percentage of the students at the college do you estimate to be
c.
younger than 25 years of age?
ANSWER: a. 20%
b. 22.22%
c. 44.44%
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJEC BSST.ASWC.17.01.05 - Statistical Inference
TIVES:
NATIONAL STAND United States - BUSPROG: Analytic
ARDS:
STATE STANDARD United States - AK - DISC: Statistical Inference
S:
KEYWORDS: Bloom's: Apply
97. The highway patrol is interested in determining the average speed of automobiles traveling on I-75 between
Chattanooga and Atlanta. To accomplish this task, the speed of every tenth car passing a particular point on I-75 is
recorded.
a. What is the population for this study?
b. What constitutes the sample?
c. Is speed a categorical or a quantitative variable?
d. What type of measurement scale is used?
ANSWER: a. All the automobiles on I-75
b. All the tenth cars
c. quantitative
d. ratio
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJEC BSST.ASWC.17.01.02 - Data
Copyright Cengage Learning. Powered by Cognero. Page 34
CH 01 - Data and Statistics
TIVES: BSST.ASWC.17.01.05 - Statistical Inference
NATIONAL STAND United States - BUSPROG: Analytic
ARDS:
STATE STANDARD United States - AK - DISC:
S: United States - AK - DISC: Statistical Inference
KEYWORDS: Bloom's: Understand