TEST BANK
JAMES BALDONE
Birmingham Southern College
BASIC BUSINESS STATISTICS :
CONCEPTS AND APPLICATIONS
FOURTEENTH EDITION
Mark L. Berenson
Montclair State University
David M. Levine
Baruch College, City University of New York
Kathryn A. Szabat
La Salle University
David F. Stephan
Two Bridges Instructional Technology
,The author and publisher of this book have used their best efforts in preparing this book. These efforts include the
development, research, and testing of the theories and programs to determine their effectiveness. The author and
publisher make no warranty of any kind, expressed or implied, with regard to these programs or the documentation
contained in this book. The author and publisher shall not be liable in any event for incidental or consequential
damages in connection with, or arising out of, the furnishing, performance, or use of these programs.
Reproduced by Pearson from electronic files supplied by the author.
Copyright © 2019, 2015, 2010 Pearson Education, Inc.
Publishing as Pearson, 330 Hudson Street, NY NY 10013
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any
form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written
permission of the publisher. Printed in the United States of America.
ISBN-13: 978-0-13-468503-8
ISBN-10: 0-13-468503-2
, Table of Contents
Preface iv
Getting Started: Important Things to Learn First GS-1
Chapter 1 Defining and Collecting Data 1-1
Chapter 2 Organizing and Visualizing Variables 2-1
Chapter 3 Numerical Descriptive Measures 3-1
Chapter 4 Basic Probability 4-1
Chapter 5 Discrete Probability Distributions 5-1
Chapter 6 The Normal Distribution and Other Continuous Distributions 6-1
Chapter 7 Sampling Distributions 7-1
Chapter 8 Confidence Interval Estimation 8-1
Chapter 9 Fundamentals of Hypothesis Testing: One-Sample Tests 9-1
Chapter 10 Two-Sample Tests 10-1
Chapter 11 Analysis of Variance 11-1
Chapter 12 Chi-Square Tests and Nonparametric Tests 12-1
Chapter 13 Simple Linear Regression 13-1
Chapter 14 Introduction to Multiple Regression 14-1
Chapter 15 Multiple Regression Model Building 15-1
Chapter 16 Time-Series Forecasting 16-1
Chapter 17 Business Analytics 17-1
Chapter 18 A Roadmap for Analyzing Data 18-1
Online Statistical Applications in Quality Management 19-1
Chapter 19
Online Decision Making 20-1
Chapter 20
Online Topics OLT-1
iii
Copyright ©2019 Pearson Education, Inc.
, Preface
The Test Bank contains a variety of multiple-choice, true-false, problem and fill-in questions based on the
definitions, concepts, and ideas developed in each chapter. In addition, numerical problems and
Microsoft® Excel computer output problems are also given with solutions provided in multiple-choice,
true-false, problem and fill-in format.
The Test Bank is intended to assist instructors in preparing examinations. The questions included herein
highlight the key topics covered throughout each chapter. The keywords after each question, and the
Keywords to Subsections Cross-reference and Subsections to Keywords Cross-reference are intended to
help instructors easily locate questions on a specific topic or concept. Explanation is provided when the
rationale of the correct answer to a difficult question is rather obscure. The format for the Test Bank will
facilitate grading and should be helpful to instructors who teach very large sections.
The intended difficulty level (easy, moderate, difficult) of each question in the Test Bank is stated in
order to facilitate test item selection by instructors wishing to create specific types of exams. However,
some words of caution must be given. The classification of question difficulty level is very subjective
and each question should be evaluated based on the emphasis the particular topic was given in class and
how much emphasis is to be given to numerical results obtained by calculator rather than computerized
results obtained from Microsoft® Excel. As an operational definition that is used here, items are classified
as easy if they pertain directly to definitions and fundamental concepts. Test items are classified as
moderate if they require some numerical calculations with more than a minimal number of steps or if they
require a broader understanding of the topic. Test items that are classified as difficult are done so because
of the level of rigor of the subject, the length of the narrative, the amount of effort required for solution,
or for responses that require more thought and analysis.
Instructors are also advised that all answers in the Test Bank are computed using Microsoft® Excel or
PHStat with no rounding involved in the intermediate steps. If students use rounding with formulae and a
calculator, their answers might be different from those provided in the answer keys. Likewise, if students
use the statistical tables at the end of the book instead of Microsoft® Excel or PHStat, their answers might
also differ from those provided in the answer keys due to rounding. Whenever possible, we provide
answers obtained using both Microsoft® Excel/PHStat and the statistical tables if they are very different.
This Test Bank and others that are similar suffer from one major weakness. They do not permit an
evaluation of the students’ written communication skill. The authors highly recommend that, if possible,
instructors who use this Test Bank supplement it with at least one short essay type question so that an
assessment can be made of the students’ understanding of concepts as well as how they can make
connections across various topics.
The following tabular display is a breakdown of the number of questions in each chapter by type.
iv
Copyright ©2019 Pearson Education, Inc.
JAMES BALDONE
Birmingham Southern College
BASIC BUSINESS STATISTICS :
CONCEPTS AND APPLICATIONS
FOURTEENTH EDITION
Mark L. Berenson
Montclair State University
David M. Levine
Baruch College, City University of New York
Kathryn A. Szabat
La Salle University
David F. Stephan
Two Bridges Instructional Technology
,The author and publisher of this book have used their best efforts in preparing this book. These efforts include the
development, research, and testing of the theories and programs to determine their effectiveness. The author and
publisher make no warranty of any kind, expressed or implied, with regard to these programs or the documentation
contained in this book. The author and publisher shall not be liable in any event for incidental or consequential
damages in connection with, or arising out of, the furnishing, performance, or use of these programs.
Reproduced by Pearson from electronic files supplied by the author.
Copyright © 2019, 2015, 2010 Pearson Education, Inc.
Publishing as Pearson, 330 Hudson Street, NY NY 10013
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any
form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written
permission of the publisher. Printed in the United States of America.
ISBN-13: 978-0-13-468503-8
ISBN-10: 0-13-468503-2
, Table of Contents
Preface iv
Getting Started: Important Things to Learn First GS-1
Chapter 1 Defining and Collecting Data 1-1
Chapter 2 Organizing and Visualizing Variables 2-1
Chapter 3 Numerical Descriptive Measures 3-1
Chapter 4 Basic Probability 4-1
Chapter 5 Discrete Probability Distributions 5-1
Chapter 6 The Normal Distribution and Other Continuous Distributions 6-1
Chapter 7 Sampling Distributions 7-1
Chapter 8 Confidence Interval Estimation 8-1
Chapter 9 Fundamentals of Hypothesis Testing: One-Sample Tests 9-1
Chapter 10 Two-Sample Tests 10-1
Chapter 11 Analysis of Variance 11-1
Chapter 12 Chi-Square Tests and Nonparametric Tests 12-1
Chapter 13 Simple Linear Regression 13-1
Chapter 14 Introduction to Multiple Regression 14-1
Chapter 15 Multiple Regression Model Building 15-1
Chapter 16 Time-Series Forecasting 16-1
Chapter 17 Business Analytics 17-1
Chapter 18 A Roadmap for Analyzing Data 18-1
Online Statistical Applications in Quality Management 19-1
Chapter 19
Online Decision Making 20-1
Chapter 20
Online Topics OLT-1
iii
Copyright ©2019 Pearson Education, Inc.
, Preface
The Test Bank contains a variety of multiple-choice, true-false, problem and fill-in questions based on the
definitions, concepts, and ideas developed in each chapter. In addition, numerical problems and
Microsoft® Excel computer output problems are also given with solutions provided in multiple-choice,
true-false, problem and fill-in format.
The Test Bank is intended to assist instructors in preparing examinations. The questions included herein
highlight the key topics covered throughout each chapter. The keywords after each question, and the
Keywords to Subsections Cross-reference and Subsections to Keywords Cross-reference are intended to
help instructors easily locate questions on a specific topic or concept. Explanation is provided when the
rationale of the correct answer to a difficult question is rather obscure. The format for the Test Bank will
facilitate grading and should be helpful to instructors who teach very large sections.
The intended difficulty level (easy, moderate, difficult) of each question in the Test Bank is stated in
order to facilitate test item selection by instructors wishing to create specific types of exams. However,
some words of caution must be given. The classification of question difficulty level is very subjective
and each question should be evaluated based on the emphasis the particular topic was given in class and
how much emphasis is to be given to numerical results obtained by calculator rather than computerized
results obtained from Microsoft® Excel. As an operational definition that is used here, items are classified
as easy if they pertain directly to definitions and fundamental concepts. Test items are classified as
moderate if they require some numerical calculations with more than a minimal number of steps or if they
require a broader understanding of the topic. Test items that are classified as difficult are done so because
of the level of rigor of the subject, the length of the narrative, the amount of effort required for solution,
or for responses that require more thought and analysis.
Instructors are also advised that all answers in the Test Bank are computed using Microsoft® Excel or
PHStat with no rounding involved in the intermediate steps. If students use rounding with formulae and a
calculator, their answers might be different from those provided in the answer keys. Likewise, if students
use the statistical tables at the end of the book instead of Microsoft® Excel or PHStat, their answers might
also differ from those provided in the answer keys due to rounding. Whenever possible, we provide
answers obtained using both Microsoft® Excel/PHStat and the statistical tables if they are very different.
This Test Bank and others that are similar suffer from one major weakness. They do not permit an
evaluation of the students’ written communication skill. The authors highly recommend that, if possible,
instructors who use this Test Bank supplement it with at least one short essay type question so that an
assessment can be made of the students’ understanding of concepts as well as how they can make
connections across various topics.
The following tabular display is a breakdown of the number of questions in each chapter by type.
iv
Copyright ©2019 Pearson Education, Inc.
