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QMB 2100 CHAPTER 1 EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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QMB 2100 CHAPTER 1 EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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QMB 2100
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QMB 2100 CHAPTER 1 EXAM QUESTIONS
WITH 100% CORRECT ANSWERS

What are the two types of quantitative variables? - Answer-Discrete and Continuous.

Which of the following is the best definition of a statistical sample? - Answer-A portion,
or part of the population of interest.

Which of the following are example of inferential statistics? Select all that apply. -
Answer-- Estimating the average weight in a box of apples by measuring the weight of
five apples.
- Counting the blue candies in a package of M&M's as a way to estimate the proportion
of blue candies in all packages.

Which of the following are attributes of a discrete quantitative variable? Choose all that
apply. - Answer-- It can assume only certain values within a range.
- It can be used to count items.
- There are gaps between the values of this variable.

Identify all of the following items which are qualitative variables. - Answer-- A person's
favorite food type.
- The colors in a package of M&M's.
- The species of trees in a park.

Identify which one of the following is a continuous quantitative variable. - Answer-The
average weight of apples in a box at the market.

Which of the following are the four levels of measurement possible for data? - Answer-
Interval level
Ordinal-level
Nominal-level
Ratio-level

Which of the following represents data recorded at the nominal level? - Answer-Brand of
newly purchased TV

Which of the following are discrete variables? Choose all that apply. - Answer-- The
number of cars for sale on a used car lot.
- The number of customers using an ATM on a given day.

Which one of the following are properties of ordinal-level data? - Answer-

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