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Business statistics true/false | QUE & ANSW

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Business statistics true/false | QUE & ANSW An Ogive is a cumulative percentage polygon In a set of numerical data, the value of Q3 can never be smaller than the value of Q1

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Business statistics true/false | QUE & ANSW

,An Ogive is a cumulative True

percentage polygon

In a set of numerical data, the True

value of Q3 can never be

smaller than the value of Q1

The Poisson distribution can be False

used to model a continuous

random variable

The normal probability plot True

may be used to assess the

assumption of normality of for

a particular data set.

If the population distribution is True

unknown, in most cases the

sampling distribution of

sample mean can be

approximated by the normal

distribution if the sample

contains at least 3

observations

In forming a 90% confidence False

interval for a population

mean from a sample size of

22, the number of degrees of

freedom from a t- distribution

equals 22.

Suppose, in a testing True

hypothesis for the

population proportion, the p-

value is computed to be

0.043. The null hypothesis

, Managers need understanding True

of statistics to be able to

present and describe

information accurately, draw

conclusions about large

population based on small

samples, improve processes,

and make reliable forecasts.

The possible responses to True

the question "How long have

you been living at your current

residence?" are values from

a continuous variable.

The possible responses to True

the question "how many times

in the past three months have

you visited a city park? are

values from a discrete

variable.

A continuous variable may True.

take on any value within its

relevant range even though the

measurement device may

not be precise enough to

record it.

Faculty rank (professor to False

lecturer) is an example of

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Written in
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