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Statistics
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Statistics for Management and Economics Study Set 1
Quiz 1: What Is Statistics
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Question 21
Essay
The Attorney General of the state of California wanted to study criminal law in Los Angeles last year.He randomly selected 46,000 criminal records from the population of 1.5 million convicts in Los Angeles last year.From this sample,he calculated the proportion of litigations,the average amount of money involved per litigation,and the proportion of litigations resulting in a conviction.These calculations are all examples of doing ____________________ statistics.
Question 22
Essay
The Human Resources Director at Florida Atlantic University wishes to develop an employee benefits package.To get an idea of what components of a benefits package are most important,he selects 350 employees at random and asks them for their opinions.Numerically summarizing the preferences of these 350 employees is an example of doing ____________________ statistics.
Question 23
Essay
What name do we give to a descriptive measure of a sample?
Question 24
Essay
The owner of a large manufacturing company wishes to develop a new employee health benefits package.He selects 500 employees at random and asks them about their preferences regarding their current health benefits package.The 500 employees selected is a(n)____________________.
Question 25
Multiple Choice
How do confidence levels compare to significance levels?
Question 26
Essay
Briefly describe the difference between a population and a sample and give an example of each.
Question 27
Essay
Each of the following is a form of doing ____________________ statistics: 1)presenting your data using a graph;2)calculating the mean of your sample;and 3)organizing your data into a table.
Question 28
Multiple Choice
Which of the following represents a population,as opposed to a sample?
Question 29
Essay
The Human Resources Director of a large hospital wants to determine the percentage of all employees who favor a newly proposed benefits package.He selects 300 employees at random and finds that 85% approve the newly proposed package.The percentage of all employees of this company who favor the newly proposed package is a(n)____________________.
Question 30
Multiple Choice
A study is under way to determine the average height of all 29,000 adult pine trees in a certain national forest.The heights of 600 randomly selected adult pine trees are measured and analyzed.The parameter in the study is: