Business Statistics Exam Questions And
Answers Verified 100% Correct
The use of charts and graphs is an example of: A)
descriptive statistics.
B) inferential statistics.
C) estimation.
D) hypothesis testing. - ANSWER -A
When an administrator at a local hospital prepares a series of charts
and graphs pertaining to the patients that have stayed at the hospital
during the past month, she is using which general category of
statistical analysis?
A) Quantitative statistics
B) Inferential statistics
C) Descriptive statistics
D) Random sampling - ANSWER -C
When a marketing manager surveys a few of the customers for the
purpose of drawing a conclusion about the entire list of customers,
she is applying:
A) inferential statistics.
B) descriptive statistics.
C) quantitative models.
D) numerical measures. - ANSWER -A
,Recently, a major tire manufacturer stated in its advertising that its
tires with a new tire tread design will last more than 50,000 miles on
average. A consumer agency collected a subset of these tires and
tested them in very controlled conditions. Based on this test, the
agency concluded that the manufacturer was justified in making this
claim. The process described is an example of: A) descriptive
statistics.
B) hypothesis testing.
C) statistical inference.
D) B and C - ANSWER -D
A consumer products company is considering introducing a new
product nationally. To help make the decision, it first conducts a test
market by selling the product for a few months in one city. This is an
example of:
A) descriptive statistics.
B) charts and graphs.
C) estimation.
D) hypothesis testing. - ANSWER -C
The Biltmore Hotel manager is getting ready to make a presentation
that she hopes will justify adding additional staff. As part of the
presentation, she has constructed charts and graphs. The general
type of statistical analysis she is using is:
A) hypothesis testing.
B) estimation.
C) inferential statistics.
, D) descriptive statistics. - ANSWER -D
The company that makes a new weight loss pill claims that people
who use this pill according to instructions will lose an average of 20
pounds during a four-month period. They say the claim is based on a
study of 300 people. Which of the following statistical methods was
most likely used to arrive at the company's conclusion?
A) Estimation
B) Hypothesis testing
C) Histograms
D) Bar charts - ANSWER -B
The summaries of data, which may be in forms of tabular, graphical,
or numerical, are referred to as: A) inferential statistics.
B) descriptive statistics.
C) statistical inference.
D) report generation. - ANSWER -B
Based on a survey of 400 students in a university in which 20 percent
indicated that they were business majors. The university student
newspaper reported that "20 percent of all the students at the
university are business majors." This report is an example of: A) a
sample.
B) a population.
C) statistical inference.
D) descriptive statistics. - ANSWER -C
Answers Verified 100% Correct
The use of charts and graphs is an example of: A)
descriptive statistics.
B) inferential statistics.
C) estimation.
D) hypothesis testing. - ANSWER -A
When an administrator at a local hospital prepares a series of charts
and graphs pertaining to the patients that have stayed at the hospital
during the past month, she is using which general category of
statistical analysis?
A) Quantitative statistics
B) Inferential statistics
C) Descriptive statistics
D) Random sampling - ANSWER -C
When a marketing manager surveys a few of the customers for the
purpose of drawing a conclusion about the entire list of customers,
she is applying:
A) inferential statistics.
B) descriptive statistics.
C) quantitative models.
D) numerical measures. - ANSWER -A
,Recently, a major tire manufacturer stated in its advertising that its
tires with a new tire tread design will last more than 50,000 miles on
average. A consumer agency collected a subset of these tires and
tested them in very controlled conditions. Based on this test, the
agency concluded that the manufacturer was justified in making this
claim. The process described is an example of: A) descriptive
statistics.
B) hypothesis testing.
C) statistical inference.
D) B and C - ANSWER -D
A consumer products company is considering introducing a new
product nationally. To help make the decision, it first conducts a test
market by selling the product for a few months in one city. This is an
example of:
A) descriptive statistics.
B) charts and graphs.
C) estimation.
D) hypothesis testing. - ANSWER -C
The Biltmore Hotel manager is getting ready to make a presentation
that she hopes will justify adding additional staff. As part of the
presentation, she has constructed charts and graphs. The general
type of statistical analysis she is using is:
A) hypothesis testing.
B) estimation.
C) inferential statistics.
, D) descriptive statistics. - ANSWER -D
The company that makes a new weight loss pill claims that people
who use this pill according to instructions will lose an average of 20
pounds during a four-month period. They say the claim is based on a
study of 300 people. Which of the following statistical methods was
most likely used to arrive at the company's conclusion?
A) Estimation
B) Hypothesis testing
C) Histograms
D) Bar charts - ANSWER -B
The summaries of data, which may be in forms of tabular, graphical,
or numerical, are referred to as: A) inferential statistics.
B) descriptive statistics.
C) statistical inference.
D) report generation. - ANSWER -B
Based on a survey of 400 students in a university in which 20 percent
indicated that they were business majors. The university student
newspaper reported that "20 percent of all the students at the
university are business majors." This report is an example of: A) a
sample.
B) a population.
C) statistical inference.
D) descriptive statistics. - ANSWER -C
