TEST BANK G
JAMES BALDONE G
BirminghamgSoutherngCollege
BASIC BUSINESS STATISTICS : C
G G G
ONCEPTS AND A PPLICATIONS
G G
FOURTEENTH EDITION G
Mark L. Berenson
g g
MontclairgStategUniversity
David M. Levine g g
BaruchgCollege,gCitygUniversitygofgNewgYork
Kathryn A. Szabat g g
LagSallegUniversity
David F. Stephang g
TwogBridgesgInstructionalgTechnology
,Thegauthorgandgpublishergofgthisgbookghavegusedgtheirgbestgeffortsgingpreparinggthisgbook.gThesegeffortsginclude gt
hegdevelopment, gresearch,gandgtestinggofgthegtheoriesgandgprogramsgtogdetermine gtheirgeffectiveness.gThegauthorg
andgpublishergmakegnogwarrantygofganygkind,gexpressedgorgimplied,gwithgregardgtogthesegprogramsgorgthegdocum
entationgcontainedgingthisgbook.gThegauthorgandgpublishergshallgnotgbegliableginganygeventgforgincidentalgorgconse
quentialgdamagesgingconnectiongwith,gorgarisinggoutgof,gthegfurnishing, gperformance,gorgusegofgthesegprograms.
ReproducedgbygPearsongfromgelectronic gfilesgsuppliedgbygthegauthor.gCop
yrightg©g2019,g2015,g2010g PearsongEducation, gInc.
PublishinggasgPearson,g330gHudsongStreet,gNYgNYg10013
Allgrightsgreserved.gNogpartgofgthisgpublicationgmaygbegreproduced,gstoredgingagretrievalgsystem,gorgtransmitted,gi
nganygformgorgbyganygmeans,gelectronic, gmechanical,gphotocopying, grecording,gorgotherwise,gwithoutgthegpriorgw
rittengpermissiongofgthegpublisher. gPrintedgingthegUnitedgStatesgofgAmerica.
ISBN-13:g 978-0-13-468503-8
ISBN-10:g 0-13-468503-2
, TablegofgContents
Preface iv
Gettingg Started:g Importantg Thingsg tog Learng First GS-1
Chapterg 1 Definingg andg Collectingg Data 1-1
Chapterg 2 Organizingg andg Visualizingg Variables 2-1
Chapterg 3 Numericalg Descriptiveg Measures 3-1
Chapterg 4 Basicg Probability 4-1
Chapterg 5 Discreteg Probabilityg Distributions 5-1
Chapterg 6 Theg Normalg Distributiong andg Otherg Continuousg Distributions 6-1
Chapterg 7 Samplingg Distributions 7-1
Chapterg 8 Confidenceg Intervalg Estimation 8-1
Chapterg 9 Fundamentalsg ofg Hypothesisg Testing:g One-Sampleg Tests 9-1
Chapterg 10 Two-Sampleg Tests 10-1
Chapterg 11 Analysisg ofg Variance 11-1
Chapterg 12 Chi-Squareg Testsg andg Nonparametricg Tests 12-1
Chapterg 13 Simpleg Linearg Regression 13-1
Chapterg 14 Introductiong tog Multipleg Regression 14-1
Chapterg 15 Multipleg Regressiong Modelg Building 15-1
Chapterg 16 Time-Seriesg Forecasting 16-1
Chapterg 17 Businessg Analytics 17-1
Chapterg 18 Ag Roadmapg forg Analyzingg Data 18-1
OnlinegCha Statisticalg Applicationsg ing Qualityg Management 19-1
pterg19
OnlinegCha Decisiong Making 20-1
pterg20
Onlineg Topics OLT-1
iii
Copyrightg©2019gPearsongEducation, gInc
.
, Preface
Theg Testg Bankg containsg ag varietyg ofg multiple-choice,g true-false,g problemg andg fill-
ing questionsg basedg ong thegdefinitions,g concepts,g andg ideasg developedg ing eachg chapter.g Ing addition,g nu
mericalg problemsg andgMicrosoft®g Excelg computerg outputg problemsg areg alsog giveng withg solutionsg provi
dedg ing multiple-choice,gtrue-false,gproblemgandgfill-ingformat.
Theg Testg Bankg isg intendedg tog assistg instructorsg ing preparingg examinations.g Theg questionsg includedg here
inghighlightg theg keyg topicsg coveredg throughoutg eachg chapter.g Theg keywordsg afterg eachg question,g andg t
hegKeywordsg tog Subsectionsg Cross-referenceg andg Subsectionsg tog Keywordsg Cross-
referenceg areg intendedg toghelpg instructorsg easilyg locateg questionsg ong ag specificg topicg org concept.g Expla
nationg isg providedg wheng thegrationaleg ofg theg correctg answerg tog ag difficultg questiong isg ratherg obscure.g Th
eg formatg forg theg Testg Bankg willgfacilitateg gradingg andg shouldg beg helpfulg tog instructorsg whog teachg very
g largeg sections.
Theg intendedg difficultyg levelg (easy,g moderate,g difficult)g ofg eachg questiong ing theg Testg Bankg isg statedg ing
orderg tog facilitateg testg itemg selectiong byg instructorsg wishingg tog createg specificg typesg ofg exams.g Howeve
r,gsomeg wordsg ofg cautiong mustg beg given.g Theg classificationg ofg questiong difficultyg levelg isg veryg subject
ivegandg eachg questiong shouldg beg evaluatedg basedg ong theg emphasisg theg particularg topicg wasg giveng ing cla
ssg andghowg muchg emphasisg isg tog beg giveng tog numericalg resultsg obtainedg byg calculatorg ratherg thang com
puterizedgresultsg obtainedg fromg Microsoft®g Excel.g Asg ang operationalg definitiong thatg isg usedg here,g itemsg
areg classifiedgasg easyg ifg theyg pertaing directlyg tog definitionsg andg fundamentalg concepts.g Testg itemsg areg cl
assifiedg asgmoderateg ifg theyg requireg someg numericalg calculationsg withg moreg thang ag minimalg numberg ofg s
tepsg org ifg theygrequireg ag broaderg understandingg ofg theg topic.g Testg itemsg thatg areg classifiedg asg difficultg ar
eg doneg sog becausegofg theg levelg ofg rigorg ofg theg subject,g theg lengthg ofg theg narrative,g theg amountg ofg effort
g requiredg forg solution,gorgforgresponsesgthatgrequireg moreg thoughtgandg analysis.
Instructorsg areg alsog advisedg thatg allg answersg ing theg Testg Bankg areg computedg usingg Microsoft®g Excelg or
gPHStatg withg nog roundingg involvedg ing theg intermediateg steps.g Ifg studentsg useg roundingg withg formulaeg an
dg agcalculator,g theirg answersg mightg beg differentg fromg thoseg providedg ing theg answerg keys.g Likewise,g ifg st
udentsguseg theg statisticalg tablesg atg theg endg ofg theg bookg insteadg ofg Microsoft®g Excelg org PHStat,g theirg ans
wersg mightgalsog differg fromg thoseg providedg ing theg answerg keysg dueg tog rounding.g Wheneverg possible,g
weg provideganswersg obtainedg usingg bothg Microsoft®g Excel/PHStatg andg theg statisticalg tablesg ifg theyg areg
veryg different.
Thisg Testg Bankg andg othersg thatg areg similarg sufferg fromg oneg majorg weakness.g Theyg dog notg permitg ange
valuationg ofg theg students’g writteng communicationg skill.g Theg authorsg highlyg recommendg that,g ifg possible,
ginstructorsg whog useg thisg Testg Bankg supplementg itg withg atg leastg oneg shortg essayg typeg questiong sog thatg a
ngassessmentg cang beg madeg ofg theg students’g understandingg ofg conceptsg asg wellg asg howg theyg cang makegc
onnectionsgacrossgvariousgtopics.
Theg followingg tabularg displayg isg ag breakdowng ofg theg numberg ofg questionsg ing eachg chapterg byg type.
iv
Copyrightg©2019gPearsongEducation, gInc
.
JAMES BALDONE G
BirminghamgSoutherngCollege
BASIC BUSINESS STATISTICS : C
G G G
ONCEPTS AND A PPLICATIONS
G G
FOURTEENTH EDITION G
Mark L. Berenson
g g
MontclairgStategUniversity
David M. Levine g g
BaruchgCollege,gCitygUniversitygofgNewgYork
Kathryn A. Szabat g g
LagSallegUniversity
David F. Stephang g
TwogBridgesgInstructionalgTechnology
,Thegauthorgandgpublishergofgthisgbookghavegusedgtheirgbestgeffortsgingpreparinggthisgbook.gThesegeffortsginclude gt
hegdevelopment, gresearch,gandgtestinggofgthegtheoriesgandgprogramsgtogdetermine gtheirgeffectiveness.gThegauthorg
andgpublishergmakegnogwarrantygofganygkind,gexpressedgorgimplied,gwithgregardgtogthesegprogramsgorgthegdocum
entationgcontainedgingthisgbook.gThegauthorgandgpublishergshallgnotgbegliableginganygeventgforgincidentalgorgconse
quentialgdamagesgingconnectiongwith,gorgarisinggoutgof,gthegfurnishing, gperformance,gorgusegofgthesegprograms.
ReproducedgbygPearsongfromgelectronic gfilesgsuppliedgbygthegauthor.gCop
yrightg©g2019,g2015,g2010g PearsongEducation, gInc.
PublishinggasgPearson,g330gHudsongStreet,gNYgNYg10013
Allgrightsgreserved.gNogpartgofgthisgpublicationgmaygbegreproduced,gstoredgingagretrievalgsystem,gorgtransmitted,gi
nganygformgorgbyganygmeans,gelectronic, gmechanical,gphotocopying, grecording,gorgotherwise,gwithoutgthegpriorgw
rittengpermissiongofgthegpublisher. gPrintedgingthegUnitedgStatesgofgAmerica.
ISBN-13:g 978-0-13-468503-8
ISBN-10:g 0-13-468503-2
, TablegofgContents
Preface iv
Gettingg Started:g Importantg Thingsg tog Learng First GS-1
Chapterg 1 Definingg andg Collectingg Data 1-1
Chapterg 2 Organizingg andg Visualizingg Variables 2-1
Chapterg 3 Numericalg Descriptiveg Measures 3-1
Chapterg 4 Basicg Probability 4-1
Chapterg 5 Discreteg Probabilityg Distributions 5-1
Chapterg 6 Theg Normalg Distributiong andg Otherg Continuousg Distributions 6-1
Chapterg 7 Samplingg Distributions 7-1
Chapterg 8 Confidenceg Intervalg Estimation 8-1
Chapterg 9 Fundamentalsg ofg Hypothesisg Testing:g One-Sampleg Tests 9-1
Chapterg 10 Two-Sampleg Tests 10-1
Chapterg 11 Analysisg ofg Variance 11-1
Chapterg 12 Chi-Squareg Testsg andg Nonparametricg Tests 12-1
Chapterg 13 Simpleg Linearg Regression 13-1
Chapterg 14 Introductiong tog Multipleg Regression 14-1
Chapterg 15 Multipleg Regressiong Modelg Building 15-1
Chapterg 16 Time-Seriesg Forecasting 16-1
Chapterg 17 Businessg Analytics 17-1
Chapterg 18 Ag Roadmapg forg Analyzingg Data 18-1
OnlinegCha Statisticalg Applicationsg ing Qualityg Management 19-1
pterg19
OnlinegCha Decisiong Making 20-1
pterg20
Onlineg Topics OLT-1
iii
Copyrightg©2019gPearsongEducation, gInc
.
, Preface
Theg Testg Bankg containsg ag varietyg ofg multiple-choice,g true-false,g problemg andg fill-
ing questionsg basedg ong thegdefinitions,g concepts,g andg ideasg developedg ing eachg chapter.g Ing addition,g nu
mericalg problemsg andgMicrosoft®g Excelg computerg outputg problemsg areg alsog giveng withg solutionsg provi
dedg ing multiple-choice,gtrue-false,gproblemgandgfill-ingformat.
Theg Testg Bankg isg intendedg tog assistg instructorsg ing preparingg examinations.g Theg questionsg includedg here
inghighlightg theg keyg topicsg coveredg throughoutg eachg chapter.g Theg keywordsg afterg eachg question,g andg t
hegKeywordsg tog Subsectionsg Cross-referenceg andg Subsectionsg tog Keywordsg Cross-
referenceg areg intendedg toghelpg instructorsg easilyg locateg questionsg ong ag specificg topicg org concept.g Expla
nationg isg providedg wheng thegrationaleg ofg theg correctg answerg tog ag difficultg questiong isg ratherg obscure.g Th
eg formatg forg theg Testg Bankg willgfacilitateg gradingg andg shouldg beg helpfulg tog instructorsg whog teachg very
g largeg sections.
Theg intendedg difficultyg levelg (easy,g moderate,g difficult)g ofg eachg questiong ing theg Testg Bankg isg statedg ing
orderg tog facilitateg testg itemg selectiong byg instructorsg wishingg tog createg specificg typesg ofg exams.g Howeve
r,gsomeg wordsg ofg cautiong mustg beg given.g Theg classificationg ofg questiong difficultyg levelg isg veryg subject
ivegandg eachg questiong shouldg beg evaluatedg basedg ong theg emphasisg theg particularg topicg wasg giveng ing cla
ssg andghowg muchg emphasisg isg tog beg giveng tog numericalg resultsg obtainedg byg calculatorg ratherg thang com
puterizedgresultsg obtainedg fromg Microsoft®g Excel.g Asg ang operationalg definitiong thatg isg usedg here,g itemsg
areg classifiedgasg easyg ifg theyg pertaing directlyg tog definitionsg andg fundamentalg concepts.g Testg itemsg areg cl
assifiedg asgmoderateg ifg theyg requireg someg numericalg calculationsg withg moreg thang ag minimalg numberg ofg s
tepsg org ifg theygrequireg ag broaderg understandingg ofg theg topic.g Testg itemsg thatg areg classifiedg asg difficultg ar
eg doneg sog becausegofg theg levelg ofg rigorg ofg theg subject,g theg lengthg ofg theg narrative,g theg amountg ofg effort
g requiredg forg solution,gorgforgresponsesgthatgrequireg moreg thoughtgandg analysis.
Instructorsg areg alsog advisedg thatg allg answersg ing theg Testg Bankg areg computedg usingg Microsoft®g Excelg or
gPHStatg withg nog roundingg involvedg ing theg intermediateg steps.g Ifg studentsg useg roundingg withg formulaeg an
dg agcalculator,g theirg answersg mightg beg differentg fromg thoseg providedg ing theg answerg keys.g Likewise,g ifg st
udentsguseg theg statisticalg tablesg atg theg endg ofg theg bookg insteadg ofg Microsoft®g Excelg org PHStat,g theirg ans
wersg mightgalsog differg fromg thoseg providedg ing theg answerg keysg dueg tog rounding.g Wheneverg possible,g
weg provideganswersg obtainedg usingg bothg Microsoft®g Excel/PHStatg andg theg statisticalg tablesg ifg theyg areg
veryg different.
Thisg Testg Bankg andg othersg thatg areg similarg sufferg fromg oneg majorg weakness.g Theyg dog notg permitg ange
valuationg ofg theg students’g writteng communicationg skill.g Theg authorsg highlyg recommendg that,g ifg possible,
ginstructorsg whog useg thisg Testg Bankg supplementg itg withg atg leastg oneg shortg essayg typeg questiong sog thatg a
ngassessmentg cang beg madeg ofg theg students’g understandingg ofg conceptsg asg wellg asg howg theyg cang makegc
onnectionsgacrossgvariousgtopics.
Theg followingg tabularg displayg isg ag breakdowng ofg theg numberg ofg questionsg ing eachg chapterg byg type.
iv
Copyrightg©2019gPearsongEducation, gInc
.
