Question

question 6

_____ are summary descriptors of variables of interest in the population.

  

Sample statistics

   

Population parameters

   

Systematic estimates

   

Standard errors

   

Standardized coefficients

Question 7

A lakefront resort is planning for its summer busy season. It wishes to estimate with 95% confidence the average number of nights each guest will stay in a consecutive visit. Using a sample of guests who stayed last year, the average number of nights per guest is calculated at 5 nights. The standard deviation of the sample is 1.5 nights. The size of the sample used is 120 guests and the resort desires a precision of plus or minus .5 nights. Within what range below can the resort expect with 95% confidence for the true population mean to fall?

  

3.12 to 6.88

   

3.35 to 6.65

   

2.42 to 7.58

   

4.10 to 5.50

   

4.65 to 6.65

Question 8

Consider the following hypothesis: there is no relationship between income and amount of money spent on food. If the hypothesis presented is tested using a .05 alpha level and the resulting p value is .01, which of the following interpretations of the results is most appropriate?

  

There is no relationship between income and food expenditures

   

There is a relationship between income and food expenditures

   

As income increases, food expenditures increase

   

As income decreases, the percentage of income spent on food increases

   

None of the above

Question 9

Maurice is beginning a new research project. As he begins the first phase of the process, Maurice will most likely begin by _____.

  

Conducting a literature search

   

Interviewing experts

   

Designing a survey

   

Preparing measurement questions

   

Brainstorming

Question 10

Which of the following questions is considered when determining investigative questions?

  

How can management eliminate negative symptoms?

   

What does the manager need to know to choose the best alternative from the available sources of action?

   

What is the recommended course of action?

   

What symptoms cause management concern?

   

What should be asked or observed to obtain the information the manager needs?

Answer 1

6. Here it is mentioned that variables of interest in the population

And as we known parameters are related to population and statistics are related to sample

Hence answer here is

Population parameters