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Statistics
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Statistics for Management
Quiz 4: Numerical Descriptive Techniques
Path 4
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Question 1
Short Answer
We can frequently make several inferences about the nature of the data from the ____________________ of its histogram.
Question 2
Short Answer
Box plots and medians work well to describe ____________________ data, while histograms and means work well to describe ____________________ data.
Question 3
True/False
If the covariance of x and y is 26.16 and the standard deviation of x is 32.7, then the slope of the least squares line is b
1
=.80.
Question 4
True/False
The precision provided by the numerical techniques (mean, median, and standard deviation) provides more useful information than graphical techniques (histograms and box plots) alone.
Question 5
Essay
What statistics and graphs can you use to answer the following question: Is the distribution symmetric? If not, is it skewed? If symmetric, is it bell shaped?
Question 6
Multiple Choice
A scatter diagram reveals a strong positive linear relationship between oil and gasoline prices.Which of the following numerical techniques will not give us more detailed information about this relationship?