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Basic Business Statistics Study Set 1
Quiz 1: Defining and Collecting Data
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Question 81
Short Answer
An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.The distance a person drives in a year is an example of a _________ variable.
Question 82
Short Answer
The Department of Health in Western Australia wanted to study malpractice litigation in Western Australia.A sample of 31,000 medical records was drawn from a population of 850,000 patients who were discharged during the year 2011.Using the information obtained from the sample to predict population characteristics with respect to malpractice litigation is an example of_________.
Question 83
Short Answer
In purchasing a motor vehicle,there are a number of variables to consider.The classification of the car as a subcompact,compact,standard,or luxury size is an example of a _________variable.
Question 84
Short Answer
The oranges grown on commercial farms in Victoria were damaged by some unknown fungi a few years ago.Suppose the manager of a large orchard wanted to study the impact of the fruit flies on the orange crops on a daily basis over a six-week period.On each day a random sample of orange trees were selected from within a random sample of acres.The daily average number of damaged oranges per tree and the proportion of trees having damaged oranges were calculated.In this study,drawing conclusions on any one day about the true population characteristics based on information obtained from the sample is called _________.
Question 85
Short Answer
One of the 'big four' Australian banks is conducting research in order to understand the banking needs of Australian residents.Using data collected by the Australian Bureau of Statistics is an example of a _________source.