Services
Discover
Homeschooling
Ask a Question
Log in
Sign up
Filters
Done
Question type:
Essay
Multiple Choice
Short Answer
True False
Matching
Topic
Statistics
Study Set
Business Statistics Study Set 1
Quiz 1: The Where, Why, and How of Data Collection
Path 4
Access For Free
Share
All types
Filters
Study Flashcards
Practice Exam
Learn
Question 41
True/False
The First National Bank mailed out a survey to all 3,456 savings account customers. A total of 568 surveys were returned. Values computed from the returned surveys would constitute parameters since all 568 customers were surveyed.
Question 42
True/False
When a company scans the bar codes on its products in an effort to count the number of products that remain in inventory, the company is collecting data through experimentation.
Question 43
True/False
Data collected on the Internet can generally be considered accurate since the data must go through a screening process before they can be placed on the Internet.
Question 44
True/False
A pharmaceutical company conducts a study where 50 patients are given a drug. They find that 10 percent of patients experience nausea as a side effect. This 10 percent is an example of a parameter.
Question 45
True/False
When the production manager selects a sample of items that have been produced on her production line and computes the proportion of those items that are defective, the proportion is referred to as a statistic.