Deck 14: Data Analysis and Decision Making

Question 1

A larger number can be subtracted from a smaller number.

Answer 1

True

Question 2

A meter is a measure of mass.

Answer 2

False

Question 3

Frequency is a measure of central tendency.

Answer 3

False

Question 4

A correlation is the relationship between two events in which the second event is a consequence of the first.

Question 5

In subtraction, the minuend minus the subtrahend equals the difference.

Question 6

Inferential statistics is another name for descriptive statistics.

Question 7

Only two numbers can be subtracted at a time.

Question 8

The order of addends matters.

Question 9

The answer to a division problem is called the dividend.

Question 10

The metric system is the preferred system of weights and measures for United States trade and commerce.

Question 11

The metric system was first used in the twentieth century.

Question 12

In business, electronic database programs and spreadsheets have become the primary tools for analyzing data.

Question 13

There are 1760 feet in a mile.

Question 14

If data are representative, they are consistent with other similar data that could be collected.

Question 15

Using data in decision making involves nothing more than adding, subtracting, multiplying, and dividing.

Question 16

All a manager needs to answer a question or solve a problem is data.

Question 17

The preferred way of summarizing and communicating numerical information is with tables, charts, and graphs.

Question 18

The general direction in which something is developing or changing is called a trend.

Question 19

The median always falls between the mean and the mode.

Question 20

A 2-liter soda bottle contains

A) about a half gallon
B) close to a gallon
C) less than a half gallon
D) more than a gallon

Question 21

A business has 360 customer service professionals working in a call center and 10 of them are supervisors.The ratio of supervisors to employees is

A) 36:1
B) 35:1
C) 1:36
D) 1:35

Question 22

A customer uses a $15 off coupon when paying for a purchase.The total before the discount is $73 ($73 - $15 = $58).The minuend in this situation is

A) $15
B) $58
C) $73
D) not shown

Question 23

The functional area of business with the most extensive use of mathematics is

A) accounting and finance
B) marketing
C) production and operations
D) human resources

Question 24

A range is always expressed as

A) a single number
B) two numbers
C) a series of numbers
D) a ratio

Question 25

A trend can be illustrated easily by using a

A) column chart
B) line graph
C) pie chart
D) table

Question 26

What is the first step that should be followed when studying tables, charts, and graphs?

A) Read the title carefully.
B) Study all of the data carefully.
C) Examine the type of data being reported.
D) Review the data labels and legends.

Question 27

If the multiplicand has three decimal places and the multiplier has two, the product will have

A) one decimal place
B) two decimal places
C) five decimal places
D) six decimal places

Question 28

Which common business activity involving math skills uses data to set numerical goals or standards?

A) calculating
B) planning
C) projecting
D) analyzing

Question 29

The length of a kilometer is approximately

A) 2.6 miles
B) 6.2 miles.
C) 0.62 miles
D) 0.26 miles

Question 30

What is the mode for the following group of numbers: 3, 5, 4, 3, 4, 3, 5, 5, 6, 3.

A) 3
B) 3.5
C) 4
D) 4.1

Question 31

Which of the following allows easy comparison of values among several characteristics from a data set?

A) a legend
B) a trend
C) a line graph
D) a bar chart

Question 32

A concise written summary of a longer report is called a(n)

A) data table
B) line graph
C) executive summary
D) data presentation

Question 33

When a series of 17 numbers is arranged from lowest to highest, the 9th number will be the

A) average
B) mean
C) median
D) mode

Question 34

When you use past and current information to estimate future performance, you

A) analyze
B) calculate
C) plan
D) project

Question 35

Which container will hold the most liquid?

A) 1.5 liter plastic jug
B) 2 gallon bucket
C) 32 ounce paper cup
D) 500 milliliter glass bottle

Question 36

Which of the following measurements is the smallest?

A) 10 centimeters
B) 10 kilometers
C) 10 millimeters
D) 10 meters

Question 37

If 28 employees out of a total of 140 attended a meeting about retirement planning, the percentage attending was approximately

A) 5%
B) 10%
C) 15%
D) 20%

Question 38

Which of the following provides meaningful summaries of data to help managers understand the current situation?

A) descriptive statistics
B) a frequency distribution
C) a data set
D) inferential statistics

Question 39

Match each item with the correct statement below.

-All of the facts and figures that have been collected for study.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 40

Match each item with the correct statement below.

-All the people or objects with a similar characteristic or characteristics being studied.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 41

Match each item with the correct statement below.

-Analysis of specific data to draw broader conclusions.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 42

Match each item with the correct statement below.

-Consistent with other similar data that could be collected.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 43

Match each item with the correct statement below.

-Meaningful and not occurring by chance.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 44

Match each item with the correct statement below.

-Original facts or figures.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 45

Match each item with the correct statement below.

-Part of a whole number expressed as a proportion.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 46

Match each item with the correct statement below.

-The likelihood that a certain outcome will occur.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 47

Match each item with the correct statement below.

-The relationship between two quantities.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics

Question 48

Match each item with the correct statement below.

-A small, representative part of a population selected for study.

A)data set
B)deductive reasoning
C)Fraction
D)inductive reasoning
E)Percentage
F)population
G)probability
H)processed data
I)ratio
J)raw data
K)representative
L)sample
M)significant
N)statistics