Test Bank for Business Statistics: A Decision-Making Approach, 10th Edition

Test Bank for Business Statistics: A Decision-Making Approach, 10th Edition provides in-depth questions and solutions to reinforce key concepts. Start practicing today!

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T EST I TEM F ILE
L INDA D AWSON
University of Washington Tacoma
B USINESS S TATISTICS
A D ECISION -M AKING
A PPROACH
T ENTH EDITION
David F. Groebner
Boise State University
Patrick W. Shannon
Boise State University
Phillip C. Fry
Boise State University
1-1
Business Statistics, 9e (Groebner/Shannon/Fry)
Chapter 1 The Where, Why, and How of Data Collection
1) Statistics is a discipline that involves tools and techniques used to describe data and draw conclusions.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics?
Outcome: none
2) In this course, the term business statistics refers to the set of tools and techniques that are used to
convert information into meaningful data.
Answer: FALSE
Diff: 1
Keywords: descriptive statistics and/or inferential statistics
Section: 1-1 What Is Business Statistics?
Outcome: none
3) Descriptive statistics allow a decision maker to reach a conclusion about a population based on a
subset from the population.
Answer: FALSE
Diff: 2
Keywords: descriptive statistics and/or inferential statistics
Section: 1-1 What Is Business Statistics?
Outcome: none
4) An accountant has recently prepared a report for a client that contains a variety of graphs and charts.
In doing so, she has used descriptive statistical methods.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics?
Outcome: none
5) Descriptive statistical tools include graphs, charts, and numerical measures.
Answer: TRUE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics?
Outcome: none
6) A histogram is an example of a numerical measure.
Answer: FALSE
Diff: 1
Keywords: descriptive statistics
Section: 1-1 What Is Business Statistics?
Outcome: none

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