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Business Statistics Study Set 4
Quiz 7: Alcohol and Tobacco
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Question 101
True/False
Sampling without replacement means that once a member of a population is chosen for a sample, it cannot be chosen again for the same sample.
Question 102
True/False
With systematic sampling, there is the risk that the person selecting the next member for the sample from the population may be biased in his or her choice.
Question 103
True/False
The sampling distribution of the proportion describes the pattern that sample proportions tend to take on when randomly drawn from a population.
Question 104
True/False
When the proportion of sample size to population size, n/N, is greater than 5%, the finite population correction factor is used to adjust the standard error of the proportion.
Question 105
True/False
Suppose the average amount spent per shopper at the Super Fresh Grocery Store last month was $46.10. A sample of 25 transactions from last month was randomly selected. Another random sample of 50 transactions was also collected. We can be certain that the sampling error from the sample of 50 customers will be less than the sampling error from the 25 customers.
Question 106
True/False
Excel's random sampling tool uses sampling with replacement.
Question 107
True/False
The average age of the MBA students in a particular statistics class is 30.7 years old. The ages of five randomly selected students from this class are: 36, 25, 25, 29, and 30. The sampling error for this sample is - 1.7 years.