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Statistics
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Basic Business Statistics Study Set 2
Quiz 1: Introduction and Data Collection
Path 4
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Question 1
True/False
A population is the totality of items or things under consideration.
Question 2
Multiple Choice
The portion of the universe that has been selected for analysis is called
Question 3
Multiple Choice
The universe or "totality of items or things" under consideration is called
Question 4
Multiple Choice
The estimation of the population average family expenditure on food based on the sample average expenditure of 1,000 families is an example of
Question 5
Multiple Choice
A summary measure that is computed to describe a characteristic from only a sample of the population is called
Question 6
True/False
Compiling the number of registered voters who turned out to vote for the members of parliament in Victoria is an example of descriptive statistics.
Question 7
Multiple Choice
Those methods involving the collection,presentation,and characterisation of a set of data in order to properly describe the various features of that set of data are called
Question 8
True/False
In data collection,the most common technique to ensure proper representation of the population is to use a random sample.
Question 9
True/False
A statistic is usually used to provide an estimate for a usually unobserved parameter.
Question 10
Multiple Choice
A summary measure that is computed to describe a characteristic of an entire population is called
Question 11
True/False
Managers need an understanding of statistics to be able to present and describe information accurately,draw conclusions about large populations based on small samples,improve processes,and make reliable forecasts.