MGT 215-03/04 PRINCIPLES O, STATISTICAL ANALYSIS FALL 2015 OUIZ NAME Cirole True or False for each...
MGT 215-03/04 PRINCIPLES O, STATISTICAL ANALYSIS FALL 2015 OUIZ NAME Cirole True or False for each of the statements I A population is a collection of all individuals, objects, or measurements of 2 Statistics are used as a basis for making decisions 3. The average number of passengers on commercial flights between Chicago and New York City is an example of a statistic To infer something about a population, we usually take a sample from the population 4 5. There are four levels of measurement: qualitative, quantitative, discrete, and continuous. 6 A store asks shoppers for their zip code to kdenify market areas. Zip codes are an example of ratio data. 7. The temperature in degrees celcius represent a nominal measurement scale. 8. Descriptive statistics are used to organize, summarize, and present data. Inferential statistics uses sample information to make inferences about a population. 9. The Union of Electrical Workers of America with 9,128 members polled 362 members about a new wage package that will be submitted to management. The population is the 362 members The principal difference between the interval and ratio scale is that the ratio scale has a meaningful zero point. 10.