CHAPTER ONE Introduction to Statistics

D E Term 1. The complete collection of all entities under study is called the __________. A. B. C. D. 2. sample parameter statistic population

B E Term

A portion (subset) of the entities under study is called the __________. A. B. C. D. parameter sample population statistic

Test Bank B 3. Manuel Banales, Marketing Director of Plano Power Plants, Inc.'s Electrical Division, is leading a study to identify and assess the relative importance of product features. Manuel directs his staff to design a survey questionnaire for distribution to all of Planos 954 customers. For this study, the set of 954 customers is a ________________. E BApp A. B. C. D. 4. statistic population parameter sample

Manuel Banales, Marketing Director of Plano Power Plants, Inc.'s Electrical Division, is leading a study to identify and assess the relative importance of product features. Manuel directs his staff to design a survey questionnaire for distribution to 100 of Planos 954 customers. For this study, the set of 100 customers is a ________________. A. B. C. D. statistic population parameter sample

E BApp

5.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. For this study, the set of 1,500 industrial customers is a ________________. A. B. C. D. statistic sample population parameter

E BApp

6.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 40 industrial customers. For this study, the set of 40 industrial customers is a ________________. A. B. C. D. statistic sample population parameter

E BApp

7.

Chapter 1: Introduction to Statistics 3 Abel Alonzo, Director of Human Resources, is exploring the causes of employee absenteeism at Batesville Bottling during the last operating year (January 1, 1999 through December 31, 1999). For this study, the set of all employees who worked at Batesville Bottling during the last operating year is a ________________. A. B. C. D. population sample statistic parameter

E BApp

8.

Abel Alonzo, Director of Human Resources, is exploring the causes of employee absenteeism at Batesville Bottling during the last operating year (January 1, 1999 through December 31, 1999). Personnel records for 50 of the plant's 250 employees are selected for analysis. For this study, the group of 50 employees is a __________. A. B. C. D. population sample parameter statistic

E BApp

9.

When a person collects information from the entire population, this is called a _______. A. sample B. census C. statistic D. parameter Manuel Banales, Marketing Director of Plano Power Plants, Inc.'s Electrical Division, is leading a study to identify and assess the relative importance of product features. Manuel directs his staff to design a survey questionnaire for distribution to all of Planos 954 customers. Manuel is ordering a ____________. A. B. C. D. statistic from the customers census of the customers sample of the customers sorting of the customers

E Term

10.

M BApp

Test Bank D 11. Manuel Banales, Marketing Director of Plano Power Plants, Inc.'s Electrical Division, is leading a study to identify and assess the relative importance of product features. Manuel directs his staff to design a survey questionnaire for distribution to 100 of Planos 954 customers. Manuel is ordering a ____________. M BApp A. B. C. D. statistic from the customers census of the customers sorting of the customers sample of the customers

12.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers Sue is ordering a __________. A. B. C. D. statistic from the industrial customers census of the industrial customers sample of the industrial customers sorting of the industrial customers

M BApp

13.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 40 industrial customers. Sue is ordering a __________. A. B. C. D. statistic from the industrial customers census of the industrial customers sorting of the industrial customers sample of the industrial customers

M BApp

14.

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1999." Pinky is ordering a __________________. A. B. C. D. census of the payroll records statistic from the payroll records sample of the payroll records sorting of the payroll records

M BApp

15.

Chapter 1: Introduction to Statistics Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "every tenth payroll voucher issued since January 1, 1999." Pinky is ordering a __________________. A. B. C. D. census of the payroll records parameter from the payroll records sample of the payroll records sorting of the payroll records

M BApp

16.

Upon discovering an improperly adjusted drill press, Jack Joyner, Director of Quality Control, ordered a 100% inspection of all castings drilled on the evening shift. Jack is ordering a ___________________. A. B. C. D. sample of the castings sorting of the castings census of the castings statistic from the castings

M BApp

17.

Upon discovering an improperly adjusted drill press, Jack Joyner, Director of Quality Control, ordered an inspection of "every fifth casting drilled on the evening shift." Jack is ordering a ___________________. A. sample of the castings B. sorting of the castings C. census of the castings D. parameter from the castings Greek letters are commonly used to represent _______. A. B. C. D. sample statistics population parameters descriptive measures inferential statistics

M BApp

18.

M Term

19.

Which of the following symbols is used to represent a population parameter? A. B. C. D. ~ #

M Term

Test Bank A 20. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. One question on the survey asked the customers to rate Merchandise is delivered on time on a scale of 1 to 5, with 1 meaning never and 5 meaning always. The average response of the 1,500 customers to this question is a _________________. M BApp A. B. C. D. parameter population sample statistic

21.

Abel Alonzo, Director of Human Resources, is exploring the causes of employee absenteeism at Batesville Bottling during the last operating year (January 1, 1999 through December 31, 1999). The average number of absences per employee, computed from the personnel data of all employees, is a ________________. A. B. C. D. population sample parameter statistic

M BApp

22.

Abel Alonzo, Director of Human Resources, is exploring the causes of employee absenteeism at Batesville Bottling during the last operating year (January 1, 1999 through December 31, 1999). The most appropriate symbol for the average number of absences per employee, computed from the personnel data of all employees, is ________________. A. B. C. D.

M Term

# ~

23.

Chapter 1: Introduction to Statistics 7 Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1999 to determine the percentage of irregular vouchers." The percentage which Pinky ordered is a __________________. A. B. C. D. sample statistic sample parameter sorted order population parameter

M BApp

24.

Statistics are usually represented by _______. A. Greek letters B. Roman letters C. ordinal data D. interval data Which of the following symbols is used to represent a sample statistic? A. B. C. D. s ~

M Term

25.

M Term

26.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 40 industrial customers. One question asked the focus group customers to rate Merchandise is delivered on time on a scale of 1 to 5, with 1 meaning never and 5 meaning always. The average response of the 40 customers to this question is a _________________. A. B. C. D. parameter population sample statistic

M BApp

Test Bank A 27. Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "every tenth payroll voucher issued since January 1, 1999 and a calculation of the percentage of irregular vouches in this group." The percentage which Pinky ordered is a __________________. M BApp A. B. C. D. sample statistic sample parameter sorted order population parameter

28.

Abel Alonzo, Director of Human Resources, is exploring the causes of employee absenteeism at Batesville Bottling during the last operating year (January 1, 1999 through December 31, 1999). Personnel records of 50 employees are selected for analysis. (The plant employs 250.) For this study, the average number days absent for these 50 employees is a ________________. A. B. C. D. population sample parameter statistic

M BApp

29.

The lowest level of data measurement is _______. A. B. C. D. interval level ordinal level nominal level ratio level

E Term

30.

Which of the following operations is meaningful for processing nominal data? A. B. C. D. addition multiplication ranking counting

M Term

31.

Which scale of measurement has these two properties: linear distance is meaningful and the location of origin (zero) is arbitrary? A. B. C. D. interval level ordinal level nominal level ratio level

E Term

Chapter 1: Introduction to Statistics D 32. Which scale of measurement has these two properties: linear distance is meaningful and the location of origin (zero) is absolute (natural)? A. B. C. D. interval level ordinal level nominal level ratio level

E Term

33.

Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. One question on the survey asked the customers , Which of the following best describes your primary business: a. manufacturing, b. wholesaler, c. retail, d. service. The measurement level for this question is _________________. A. B. C. D. nominal level ordinal level interval level ratio level

E BApp

34.

A question in a survey of microcomputer users asked Which operating system do you use most often: a. Apple OS 7, b. MS DOS, c. MS Windows 95, d. Unix. The measurement level for this question is _________________. A. B. C. D. nominal level ordinal level interval level ratio level

E BApp

35.

Which of the following operations is meaningful for processing ordinal data, but is meaningless for processing nominal data? A. B. C. D. addition multiplication ranking counting

M Term

10

Test Bank B 36. Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales trend. Specifically, the number of customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. One question on the survey asked the customers How many people does your company employ: a. 0 25, b. 26 - 100, c. 101 - 1000, d. 1001+. The measurement level for this question is __________. E BApp A. B. C. D. nominal level ordinal level interval level ratio level

37.

A consumer has been asked to rank five cars based upon their desirability. This level of measurement is _______. A. B. C. D. nominal ratio ordinal interval

M BApp

38.

Morningstar Mutual Funds analyzes the risk and performance of mutual funds. Each mutual fund is assigned an overall rating of one to five stars. One star is the lowest rating, and five stars is the highest rating. This level of measurement is __________. A. B. C. D. nominal ratio ordinal interval

E BApp

39.

A level of data measurement that has an absolute zero is called _______. A. nominal B. ordinal C. interval D. ratio

E Term

40.

Chapter 1: Introduction to Statistics 11 A person has decided to code a particular set of sales data. A value of 0 is assigned if the sales occurred on a weekday, and a value of 1 means it happened on a weekend. This is an example of _______. A. B. C. D. nominal level data ordinal level data interval level data ratio level data

E BApp

41.

Members of the accounting department's clerical staff were asked to rate their supervisor's leadership style as either (1) authoritarian or (2) participatory. This is an example of _____________. A. B. C. D. nominal level data ordinal level data interval level data ratio level data

E BApp

42.

A market research analyst has asked consumers to rate the appearance of a new package on a scale of 1 to 5. A 1 means that the appearance is awful while a 5 means that it is excellent. The level of this data is usually considered _______. A. B. C. D. nominal ordinal interval ratio

M BApp

43.

The social security number of employees would be an example of what level of data measurement? A. B. C. D. nominal ordinal interval ratio

E BApp

44.

Sales of a restaurant (in dollars) is an example of what level of data measurement? A. B. C. D. nominal ordinal interval ratio

M BApp

12

Test Bank D 45. Grades on a test range from 0 to 100. This level of data is _______. E App A. nominal B. ordinal C. interval D. ratio If it were not for the existence of an "absolute zero," ratio data would be considered the same as _______. A. B. C. D. nominal ordinal interval descriptive data

46.

E Term

47.

Scholastic Aptitude Test scores are an example of what type of measurement scale? A. B. C. D. nominal ordinal interval ratio

M App

48.

Which types of data are normally used with parametric statistics? A. B. C. D. ratio and ordinal nominal and ordinal interval and ratio interval and ordinal

M Term

49.

Which types of data are normally used with nonparametric statistics? A. B. C. D. ratio and ordinal nominal and ordinal interval and ratio interval and ordinal

M Term

50.

Using data from a group to generalize to a larger group involves the use of _______. A. B. C. D. descriptive statistics inferential statistics population derivation sample persuasion

M Term

51.

Chapter 1: Introduction to Statistics 13 A student makes an 82 on the first test in a statistics course. From this, she assumes that her average at the end of the semester (after other tests) will be about 82. This is an example of _______. A. descriptive statistics B. inferential statistics C. nonparametric statistics D. wishful thinking

M App

52.

Jessica Salas, president of Salas Products, is reviewing the warranty policy for her company's new model of automobile batteries. Life tests performed on a sample of 100 batteries indicated an average life of seven years under normal usage. Jessica recommended a six-year warranty period for the new model. This is an example of _____________. A. B. C. D. descriptive statistics nonparametric statistics inferential statistics nominal data

M BApp

53.

Upon discovering an improperly adjusted drill press, Jack Joyner, Director of Quality Control, ordered an inspection of "every fifth casting drilled on the evening shift." Less than 1% of the castings were defective; so, Jack released the evening shift's production to assembly. This is an example of _______________. A. B. C. D. nonparametric statistics nominal data descriptive statistics inferential statistics

M BApp

54.

Pinky Bauer, Chief Financial Officer of Harrison Haulers, Inc., suspects irregularities in the payroll system, and orders an inspection of "each and every payroll voucher issued since January 1, 1999." Five percent of the payroll vouchers contained material errors. This is an example of _______________. A. B. C. D. nonparametric statistics nominal data descriptive statistics inferential statistics

H BApp

14

Test Bank B 55. A new sales person is paid a commission on each sale. This person made $2,000 his first month on the job. From this he concludes that he will make $24,000 during his first year. This is an example of _______. E BApp A. B. C. D. descriptive statistics inferential statistics nonparametric statistics nominal data

56.

A statistics instructor collects information about the background of his students. About 30% have taken economics and about 40% have taken accounting. There are 23 male students and 27 female students in this class. This is an example of _______. A. B. C. D. descriptive statistics inferential statistics nonparametric statistics nominal data

E App

57.

A market researcher is interested in determining the average income for families in Duval County, Florida. To accomplish this, she takes a random sample of 400 families from the county and uses the data gathered from them to estimate the average income for families of the entire county. This process is an example of _______. A. B. C. D. descriptive statistics inferential statistics intermediate statistics a census

H BApp

58.

The Universal Pulp Company has a plant in Portland, Oregon. Management has decided to determine the average number of sick days taken per worker in this plant in 1991. To accomplish this, the management gathers records on all the workers in the plant and averages the number of sick days taken in 1991 by each worker. This process is using _______. A. B. C. D. descriptive statistics inferential statistics company-wide statistics locale-specific statistics

M BApp

59.

Chapter 1: Introduction to Statistics 15 The Magnolia Swimming Pool Company wants to determine the average number of years it takes before a major repair is required on one of the pools that the company constructs. The president of the company asks Rick Johnson, a company accountant, to randomly contact fifty families that built Magnolia pools in the past ten years and determine how long it was in each case until a major repair. The information will then be used to estimate the average number of years until a major repair for all pools sold by Magnolia. The average based on the data gathered from the fifty families can best be described as a _______. A. B. C. D. sample population parameter statistic

M BApp

60.

The Chamber of Commerce wants to assess its membership's opinions of the North American Free Trade Agreement. One-hundred of the 2,000 members are randomly selected and contacted via telephone. Seventy-five reported an overall favorable opinion, and twenty-five reported an overall unfavorable opinion. The proportion, 0.75, is a ___________. A. B. C. D. sample population parameter statistic

M BApp

61.

What proportion of San Diego voters favor trade restrictions with China? In an effort to determine this, a research team calls every registered voter in San Diego and successfully contacts them. The proportion from the data gathered from the calls most likely is a _______. A. B. C. D. sample population parameter statistic

M App

16

Test Bank D 62. A researcher wants to know what the average variation is in altimeters of small, privately owned airplanes. The task of determining this is expensive and time consuming, if even possible, given the large number of such airplanes. The researcher decides to use government records to randomly locate the owners of ten such planes and then get permission to test the altimeters. When the researcher is done, he will use the data gathered from the group of ten to reach conclusions about all small, privately owned airplanes. This process can best be described as _______. H App A. B. C. D. 63. data statistics research statistics descriptive statistics inferential statistics

A researcher wants to know what the average variation is in altimeters of small, privately owned airplanes. The task of determining this is expensive and time consuming, if even possible, given the large number of such airplanes. The researcher decides to use government records to randomly locate the owners of ten such planes and then get permission to test the altimeters. When the researcher is done, he will use the data gathered from the group of ten to reach conclusions about all small, privately owned airplanes. The data gathered on the group of ten airplanes is best described as _______. A. B. C. D. measurements data statistics parameters.

H App

64.

How much inventory do Christmas tree sales lots keep? A researcher goes from location to location around the city counting the number of trees in each lot. These numbers most likely represent what level of data? A. B. C. D. nominal ordinal ratio interval

M BApp

65.

Chapter 1: Introduction to Statistics 17 During the Valentine's season, different offices in a company are encouraged to decorate their doors. A committee then goes around and ranks the doors according to how well decorated they are. The best door gets a ranking of 1, the second best gets a ranking of 2, etc. The numbers of these rankings represent which level of data? A. B. C. D. interval ordinal nominal ratio

M BApp

66.

A large manufacturing company in Indianapolis produces valves for the chemical industry. According to specifications, one particular valve is supposed to have a five-inch opening on the side. Quality control inspectors take random samples of these valves just after the hole is bored. They measure the size of the hole in an effort to determine if the machine is out-of-adjustment. The measurement of the diameter of the hole represents which level of data? A. B. C. D. ratio nominal ordinal interval

M BApp

67.

A marketing demographic survey is undertaken to determine the market potential for a new product. One of the questions asked is: What type of residence do you live in? Respondents are offered several possible answers including: house, apartment, or condominiums. In order to computerize the survey answers, the responses are coded as a 1 if the answer is "house", a 2 if the answer is an "apartment", and a 3 if the answer is a "condominium". These numbers, 1, 2, and 3, are an example of what level of data? A. B. C. D. interval nominal ordinal ratio

E BApp

18

Test Bank C 68. A marketing survey is conducted to ascertain the potentiality of several new products. A series of focus groups is used to conduct this survey. At the end of one of the sessions, the group members are asked to rank the remaining eight products in order of desirability. A one indicates the most favored product and an eight is awarded to the least desirable. The numbers are examples of what level of data? M BApp A. B. C. D. ratio interval ordinal nominal

69.

A business is attempting to find the best small town in the United States in which to relocate. As part of the investigation, the elevations of all small towns in the United States are researched. Some towns are located high in the Rockies with elevations over 8,000 feet. There are even some towns located in the south central valley of California with elevations below sea level (for example, elevations of around -100 feet). These elevations can best be described as what level of data? A. B. C. D. nominal ordinal interval ratio

M BApp

70.

The unemployment rate is often used as an indicator of a communitys economic vitality. An unemployment rate is best described as what level of measurement? A. B. C. D. nominal ordinal interval ratio

E BApp

71.

The apartment vacancy rate is often used as an indicator of a communitys need for residential housing construction. The apartment vacancy rate is best described as what level of measurement? A. B. C. D. nominal ordinal interval ratio

E BApp

72.

An investor evaluates the performance of her portfolio by calculating the

Chapter 1: Introduction to Statistics 19 portfolios rate of return. The portfolios rate of return can best be described as what level of data? M BApp A. B. C. D. ratio interval ordinal nominal

73.

A business is attempting to find the best small town in the United States in which to relocate. As part of the investigation, the availability of vocational, technical education in small towns in the United States are researched. Vocational, technical education is available within fifty miles of some small town; for others it is not. The availability of vocational, technical education can best be described as what level of data? A. B. C. D. ratio interval ordinal nominal

M BApp

74.

Colleges and universities often assign numbers as student identification numbers. These numbers are best categorized as what level of data? A. B. C. D. interval nominal ordinal ratio

E App

75.

Undergraduate university students are usually classified as freshmen, sophomores, juniors, and seniors. If numeric codes of 1, 2, 3, and 4 are used to represent these four categories, the level of data measurement is ________________. A. B. C. D. nominal ordinal interval ratio

E App

20

Test Bank B 76. At many universities, students are assigned a grade of A, B, C, D, or F at the completion of each course. These letter grades are translated to 4, 3, 2, 1, and 0 grade (quality) points, respectively. The level of data measurement is ____________. M App A. B. C. D. 77. nominal ordinal interval ratio

Financial institutions are often ranked by the volume of deposits. This ranking is what level of measurement? A. B. C. D. ratio interval ordinal nominal

E BApp

78.

A chemical plant in Louisiana has a tank that holds a particular chemical. Every day, a technician records the meter reading on the side of the tank which tells how much volume of fluid there is in the tank. Most likely, these volume readings are what level of data? A. B. C. D. ratio interval ordinal nominal

H BApp

79.

Most evening news weather reports in the United States still use Fahrenheit temperature readings to convey the warmth of the air in various locations across the country. These Fahrenheit temperature readings would most likely be categorized as what level of data? A. B. C. D. ordinal ratio interval nominal

M App

80.

Chapter 1: Introduction to Statistics 21 Suppose you want to monitor the success or failure of a day trader in the stock market. To do this, you assume that the trader starts the day with zero earnings. At the end of the day you determine how many dollars the trader or lost at the end of the day. These dollar measurements are most likely which level of data? A. B. C. D. unit nominal ordinal interval

M BApp

81.

At the Olympics, the first three places in each event are awarded a medal. The winner of an event is awarded a 1 to represent first place, the runner-up is awarded a 2, and the third place finisher is awarded a 3. These numbers, 1, 2, and 3 are what level of data measurement? A. B. C. D. ordinal nominal ratio interval

E App

82.

The highest level of data is _______. A. B. C. D. interval ratio nominal ordinal

E Term

83.

Which type of statistics requires that the data be at least interval or ratio level data? A. B. C. D. inferential statistics descriptive statistics nonparametric statistics parametric statistics

M Term

84.

Nominal and ordinal data are sometimes classified as _______. A. B. C. D. metric data nonmetric data descriptive data inferential data

H Term

85.

Which of the levels of data measurement have the highest usage potential? That

22

Test Bank is, if you have this level of data, you can analyze it in more ways than with other levels of data? E Term A. B. C. D. nominal ordinal interval ratio

86.

Moody's Investor's Service uses nine ratings of corporate bonds to assist potential investors assess their risk. Meaning Best quality High quality Higher medium quality Lower medium quality Possess speculative elements Lack characteristics of desirable investment Poor standing Speculative in a high degree Extremely poor prospects The level of data measurement in Moody's bond ratings is ______________.

M BApp

A. B. C. D.

ratio interval ordinal nominal

87.

Chapter 1: Introduction to Statistics Standard & Poor's Corporation uses nine ratings of corporate bonds to assist potential investors assess their risk. Meaning AAA Highest grade AA High grade A Upper medium quality BBB Medium grade BB Lower Medium grade B Speculative CCC Outright speculations CC Outright speculations C Income bonds on which no interest is being paid DDD In default, with rating indicating relative salvage value DD In default, with rating indicating relative salvage value D In default, with rating indicating relative salvage value The level of data measurement in Standard & Poor's bond ratings is ______________.

23

M BApp

A. B. C. D.

ratio ordinal interval nominal

88.

Mac User's magazine rates products for the Apple Macintosh on a scale from one mouse to five mice. One mouse indicates low value/performance. Five mice indicate highest value/performance. A. B. C. D. nominal interval ratio ordinal

M App

24

Test Bank D 89. During a strategy planning session, the executives of Plano Power Plants, Inc. identified thirty-one significant threats to the future health of the corporation. Toward the end of the session, Paul Pearson, a management consultant, asked the executives to rate each threat on a scale of M M M .M level of data to M M The measurement in Paul's threat rating is ______________. M BApp A. nominal B. interval C. ratio D. ordinal A 90. The RSACi system uses five levels (0, 1, 2, 3, and 4) to provide consumers with information about the level of sex, nudity, violence, offensive language (vulgar or hate-motivated) in Web sites. A level 4 site may have crude, vulgar language, or extreme hate speech; while a level 0 site would not have even the mildest expletives. The level of data measurement in RSACi rating system is ______. A. ordinal B. interval C. ratio D. nominal The ranking of a company in the Fortune 500 is an example of ______ level of data measurement. A. B. C. D. ratio ordinal categorical nominal

M BApp

91.

M BApp

92.

A company's Federal Tax I.D. is an example of ______ level of data measurement. A. B. C. D. ratio ordinal rank order nominal

M BApp

93.

Chapter 1: Introduction to Statistics The United States trade balance is an example of ______ level of data measurement. A. B. C. D. ratio ordinal rank order nominal

25

M BApp

94.

The telephone area code of clients in the United States is an example of ______ level of data measurement. A. B. C. D. ratio ordinal rank order nominal

M BApp

95.

A corporation's Price/Earrings ratio (P/E) is calculated by dividing its current earnings per share into current market price per share. P/E is an example of ______ level of data measurement. A. B. C. D. ratio interval rank order nominal

M BApp

96.

Per capita income for a geographic region is calculated by the number of people residing in the region into the total personal income of all persons residing in the region. Per capita income is an example of ______ level of data measurement. A. B. C. D. ratio ordinal interval nominal

M BApp

97.

Classifying households as low-income, middle-income, or high-income is an example of ______ level of data measurement. A. B. C. D. nominal ordinal ratio interval

M BApp

26

Test Bank C 98. Which of the following symbols is used to represent a population parameter? M Term A. B. C. D.

@ &