Applied Statistics in Business and Economics
Applied Statistics
( Test Bank)
Applied Statistics in Business and Economics 7th Edition By David Doane and Lori Seward 2022 Test bank
Edition: 7thEdition
Author Name:David Doane and Lori Seward
contact:
Whatsapp +1 (949) 734-4773
for the Facebook page click hereĀ
for more booksĀ forĀ ( Test Bank and Solution Manual) click here
For a Solution, manual click here
sample free
TRUE/FALSE – Write ‘T’ if the statement is true and ‘F’ if the statement is false.
1) Statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data.
1) ______
ā true
ā false
Question Details
Learning Objective : 01-01 Define statistics and explain some of its uses.
Topic : 01.01 What Is Statistics?
Bloom’s : Remember
AACSB : Analytical Thinking
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
2) Inferential statistics refers to generalizing from a sample to a population, estimating unknown population parameters, drawing conclusions, and making decisions.
2) ______
ā true
ā false
Question Details
Learning Objective : 01-01 Define statistics and explain some of its uses.
Bloom’s : Remember
AACSB : Analytical Thinking
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Topic : 01.03 Statistics in Business
Accessibility : Screen Reader Compatible
Gradable : automatic
3) Descriptive statistics refers to summarizing data rather than generalizing about the population.
3) ______
ā true
ā false
Question Details
Learning Objective : 01-01 Define statistics and explain some of its uses.
Bloom’s : Remember
AACSB : Analytical Thinking
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Topic : 01.03 Statistics in Business
Accessibility : Screen Reader Compatible
Gradable : automatic
4) Estimating parameters and testing hypotheses are important aspects of descriptive statistics.
4) ______
ā true
ā false
Question Details
Learning Objective : 01-01 Define statistics and explain some of its uses.
Bloom’s : Remember
AACSB : Analytical Thinking
Accessibility : Keyboard Navigation
Topic : 01.03 Statistics in Business
Difficulty : 2 Medium
Accessibility : Screen Reader Compatible
Gradable : automatic
5) Testing all incoming emergency patients for COVID-19 will yield a valid estimate of the disease prevalence in the general population.
5) ______
ā true
ā false
Question Details
AACSB : Analytical Thinking
Accessibility : Keyboard Navigation
Difficulty : 2 Medium
Learning Objective : 01-04 State the common challenges facing business professionals using statistics
Topic : 01.05 Critical Thinking
Bloom’s : Understand
Accessibility : Screen Reader Compatible
Gradable : automatic
6) Empirical data are collected through observations and experiments.
6) ______
ā true
ā false
Question Details
Learning Objective : 01-01 Define statistics and explain some of its uses.
Bloom’s : Remember
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Topic : 01.05 Critical Thinking
AACSB : Reflective Thinking
Accessibility : Screen Reader Compatible
Gradable : automatic
7) Business intelligence refers to collecting, storing, accessing, and analyzing data on the companyās operations in order to make better business decisions.
7) ______
ā true
ā false
Question Details
Bloom’s : Remember
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Topic : 01.03 Statistics in Business
AACSB : Reflective Thinking
Learning Objective : 01-03 Explain the uses of statistics in business.
Accessibility : Screen Reader Compatible
Gradable : automatic
8) When a statistician omits data contrary to her findings in a study, she is justified as long as the sample supports her objective.
8) ______
ā true
ā false
Riley (verified owner) –
finally, I can get A+
Riley –
Ryder (verified owner) –
Very fast response
Ryder –