Basic Statistics for
Y Y
Business & Economics7 Y Y Y
th Canadian Edition by
Y Y Y Y
Douglas Lind Y
Complete Chapter Solutions Manualar
Y Y Y Y
e included (Ch 1 to 17)
Y Y Y Y Y
** Immediate Download
Y Y
** Swift Response
Y Y
** All Chapters included
Y Y Y
, CHAPTER 1 Y
WHAT IS STATISTICS?
Y Y
1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)
2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)
3. AnswersYwillYvary (LO1-6)
4. a. Sample
b. Population
c. Population
d. SampleY(LO1-3)
5. QualitativeYdataYareYnotYnumerical,YwhereasYquantitativeYdataYareYnumerical.YExampl
esYwillYvaryYbyYstudent. (LO1-4)
6. AYpopulationYisYtheYentireYgroupYwhichYyouYareYstudying.YAYsampleYisYaYsubsetYtakenYfr
omYaYpopulation. (LO1-3)
7. DiscreteYvariablesYcanYassumeYonlyYcertainYvalues,YwhereasYcontinuousYvariablesYc
anYassumeYanyYvalueYwithinYaYspecificYrange.YExamplesYwillYvary. (LO1-4)
8. TheYcellYphoneYproviderYisYnominalYlevelYdata.YTheYminutesYusedYareYratioYlevel.YSatisfact
ionYisYordinalYlevel. (LO1-5)
9. IfYyouYwereYusingYoneYstoreYasYtypicalYofYallYofYtheYstoresYsellingYelectronicYbookYreader
sYinYtheYmallYthenYitYwouldYbeYsampleYdata.YHowever,YifYyouYwereYconsideringYallYofYthe
YstoresYsellingYelectronicYbookYreadersYinYtheYmall,YthenYtheYdataYwouldYbeYpopulationYd
ata.
(LO1-3)
10. BasedYonYtheseYfindings,YweYcanYinferYthatY270/300YorY90YpercentYofYtheYexecutivesYwo
uldYmove. (LO1-3)
-Y1Y- ChapterY
1
,11. IfYyouYwereYusingYthisYstoreYasYtypicalYofYallYBestYBuyYstores,YthenYtheYdailyYnumberYs
oldYlastYmonthYwouldYbeYaYsample.YHowever,YifYyouYconsideredYtheYstoreYasYtheYonlyYs
toreYofYinterest,YthenYtheYdailyYnumberYsoldYlastYmonthYwouldYbeYaYpopulation.Y (LO1-
3)
12. TheYclearYmajorityYofYcustomersYsurveyedY(400/500,YorY80%)YbelieveYtheYtake-
outYserviceYisYexcellent.YBasedYonYthisYfinding,YweYcanYexpectYaYsimilarYproportionYofYal
lYcustomersYtoYfeelYtheYsameYway.Y (LO1-3)
13. a
ThisYyearYtotalYsalesY=Y1Y000Y772;YlastYyearYtotalYsalesY=Y942Y973;YtotalY
salesYincreasedYaboutY6%YfromYlastYyearYtoYthisYyear.
b. Increases:YHockeyYMen’sYFinalsYbyY19.9%YandYHockeyYWomen’sYbyY23.5%.
ItYappearsYthatYthereYhasYbeenYaYsignificantYshiftYwithinYtheYmarketYfromYlastYy
earYtoYthisYyear.Y(LO1-3)
14. a. qualitative (LO1-4)
b. nominal (LO1-5)
15. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. interval (LO1-5)
16. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)
17. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)
18. sample (LO1-3)
19. a. quantitative (LO1-4)
b. continuous (LO1-4)
c. ratio (LO1-5)
20. population (LO1-3)
21. sample (LO1-3)
22. a. qualitative (LO1-4)
b. nominal (LO1-5)
23. a. qualitative (LO1-4)
b. nominal (LO1-5)
24. a. AYsampleYisYusedYbecauseYitYisYdifficultYtoYlocateYeveryYstudent.
b. AYpopulationYisYemployedYbecauseYtheYinformationYisYeasyYtoYfind.
c. AYpopulationYisYusedYbecauseYtheYinformationYisYeasyYtoYfind.
d. AYsampleYworksYbecauseYitYisYdifficultYtoYlocateYeveryYmusical. (LO1-3)
-Y2Y- ChapterY
1
, 25. a. discrete,Yquantitative,Yratio
b. discrete,Yqualitative,Ynominal
c. discrete,Yquantitative,Yratio
d. discrete,Yqualitative,Ynominal
e. continuous,Yquantitative,Yinterval
f. continuous,Yquantitative,Yinterval
g. discrete,Yqualitative,Yordinal
h. discrete,Yqualitative,Yordinal
i. discrete,Yquantitative,Yratio (LO1-4Y&Y1-5)
26. a. Qualitative:YCompany,YIndustry,YEstablished,YPublic,YParent,YPhysicalYrating,
Cafeteria,YandYonYsiteYfitness
Quantitative:YFullYtime,YPartYtime,Y%YContract,YandYStartingYvacation (LO1-4)
b. Nominal:YCompany,YIndustry,YEstablished,YPublic,YParent,YCafeteria,Yon-site
fitness
Ordinal:YPhysicalYrating
Ratio:YFullYtime,YPartYtime,Y%YContract,YandYStartingYvacationY(LO1-5)
27 a. Qualitative:Yregion
Quantitative:YaverageYhouseYprices (LO1-4)
b. Nominal:Yregion
Ratio:YaverageYhouseYprices (LO1-5)
28. a. Qualitative:YTeamYname,YCountry,YStarYpower.
Quantitative:YFMVYworth,YRevenue,YTemperature,YTotalYSnow,YAverageYAtt
endance,YPostYseason,YAppearanceYinYtheYcup,YCupYwins,Y2019/2020YseasonY
points (LO1-4)
b.
Nominal:YTeamYname,YCoun
tryYOrdinal:YStarYpower
Interval:YTemperature
Ratio:YFMVYworth,YRevenueYTotalYSnow,YAverageYattendance,YPostYSeaso
n,YAppearancesYinYtheYCup,YCupYwins,Y2019/2020YPoints.Y(LO1-5)
-Y3Y- ChapterY
1
Y Y
Business & Economics7 Y Y Y
th Canadian Edition by
Y Y Y Y
Douglas Lind Y
Complete Chapter Solutions Manualar
Y Y Y Y
e included (Ch 1 to 17)
Y Y Y Y Y
** Immediate Download
Y Y
** Swift Response
Y Y
** All Chapters included
Y Y Y
, CHAPTER 1 Y
WHAT IS STATISTICS?
Y Y
1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)
2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)
3. AnswersYwillYvary (LO1-6)
4. a. Sample
b. Population
c. Population
d. SampleY(LO1-3)
5. QualitativeYdataYareYnotYnumerical,YwhereasYquantitativeYdataYareYnumerical.YExampl
esYwillYvaryYbyYstudent. (LO1-4)
6. AYpopulationYisYtheYentireYgroupYwhichYyouYareYstudying.YAYsampleYisYaYsubsetYtakenYfr
omYaYpopulation. (LO1-3)
7. DiscreteYvariablesYcanYassumeYonlyYcertainYvalues,YwhereasYcontinuousYvariablesYc
anYassumeYanyYvalueYwithinYaYspecificYrange.YExamplesYwillYvary. (LO1-4)
8. TheYcellYphoneYproviderYisYnominalYlevelYdata.YTheYminutesYusedYareYratioYlevel.YSatisfact
ionYisYordinalYlevel. (LO1-5)
9. IfYyouYwereYusingYoneYstoreYasYtypicalYofYallYofYtheYstoresYsellingYelectronicYbookYreader
sYinYtheYmallYthenYitYwouldYbeYsampleYdata.YHowever,YifYyouYwereYconsideringYallYofYthe
YstoresYsellingYelectronicYbookYreadersYinYtheYmall,YthenYtheYdataYwouldYbeYpopulationYd
ata.
(LO1-3)
10. BasedYonYtheseYfindings,YweYcanYinferYthatY270/300YorY90YpercentYofYtheYexecutivesYwo
uldYmove. (LO1-3)
-Y1Y- ChapterY
1
,11. IfYyouYwereYusingYthisYstoreYasYtypicalYofYallYBestYBuyYstores,YthenYtheYdailyYnumberYs
oldYlastYmonthYwouldYbeYaYsample.YHowever,YifYyouYconsideredYtheYstoreYasYtheYonlyYs
toreYofYinterest,YthenYtheYdailyYnumberYsoldYlastYmonthYwouldYbeYaYpopulation.Y (LO1-
3)
12. TheYclearYmajorityYofYcustomersYsurveyedY(400/500,YorY80%)YbelieveYtheYtake-
outYserviceYisYexcellent.YBasedYonYthisYfinding,YweYcanYexpectYaYsimilarYproportionYofYal
lYcustomersYtoYfeelYtheYsameYway.Y (LO1-3)
13. a
ThisYyearYtotalYsalesY=Y1Y000Y772;YlastYyearYtotalYsalesY=Y942Y973;YtotalY
salesYincreasedYaboutY6%YfromYlastYyearYtoYthisYyear.
b. Increases:YHockeyYMen’sYFinalsYbyY19.9%YandYHockeyYWomen’sYbyY23.5%.
ItYappearsYthatYthereYhasYbeenYaYsignificantYshiftYwithinYtheYmarketYfromYlastYy
earYtoYthisYyear.Y(LO1-3)
14. a. qualitative (LO1-4)
b. nominal (LO1-5)
15. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. interval (LO1-5)
16. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)
17. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)
18. sample (LO1-3)
19. a. quantitative (LO1-4)
b. continuous (LO1-4)
c. ratio (LO1-5)
20. population (LO1-3)
21. sample (LO1-3)
22. a. qualitative (LO1-4)
b. nominal (LO1-5)
23. a. qualitative (LO1-4)
b. nominal (LO1-5)
24. a. AYsampleYisYusedYbecauseYitYisYdifficultYtoYlocateYeveryYstudent.
b. AYpopulationYisYemployedYbecauseYtheYinformationYisYeasyYtoYfind.
c. AYpopulationYisYusedYbecauseYtheYinformationYisYeasyYtoYfind.
d. AYsampleYworksYbecauseYitYisYdifficultYtoYlocateYeveryYmusical. (LO1-3)
-Y2Y- ChapterY
1
, 25. a. discrete,Yquantitative,Yratio
b. discrete,Yqualitative,Ynominal
c. discrete,Yquantitative,Yratio
d. discrete,Yqualitative,Ynominal
e. continuous,Yquantitative,Yinterval
f. continuous,Yquantitative,Yinterval
g. discrete,Yqualitative,Yordinal
h. discrete,Yqualitative,Yordinal
i. discrete,Yquantitative,Yratio (LO1-4Y&Y1-5)
26. a. Qualitative:YCompany,YIndustry,YEstablished,YPublic,YParent,YPhysicalYrating,
Cafeteria,YandYonYsiteYfitness
Quantitative:YFullYtime,YPartYtime,Y%YContract,YandYStartingYvacation (LO1-4)
b. Nominal:YCompany,YIndustry,YEstablished,YPublic,YParent,YCafeteria,Yon-site
fitness
Ordinal:YPhysicalYrating
Ratio:YFullYtime,YPartYtime,Y%YContract,YandYStartingYvacationY(LO1-5)
27 a. Qualitative:Yregion
Quantitative:YaverageYhouseYprices (LO1-4)
b. Nominal:Yregion
Ratio:YaverageYhouseYprices (LO1-5)
28. a. Qualitative:YTeamYname,YCountry,YStarYpower.
Quantitative:YFMVYworth,YRevenue,YTemperature,YTotalYSnow,YAverageYAtt
endance,YPostYseason,YAppearanceYinYtheYcup,YCupYwins,Y2019/2020YseasonY
points (LO1-4)
b.
Nominal:YTeamYname,YCoun
tryYOrdinal:YStarYpower
Interval:YTemperature
Ratio:YFMVYworth,YRevenueYTotalYSnow,YAverageYattendance,YPostYSeaso
n,YAppearancesYinYtheYCup,YCupYwins,Y2019/2020YPoints.Y(LO1-5)
-Y3Y- ChapterY
1
