MGMT650 2021 July Week 1 Practice Latest

MGMT650 Statistics for Managerial Decision Making

Practice Week 1

Question 1          Match

New sources of data designed for your purposes are

Existing sources of data created by others for different purposes are

1.            primary sources

2.            secondary sources

Question 2          Match

Numbers without units and with which arithmetic is not meaningful, identifying labels which name categories, or information which answers questions are

Measurements consisting of numbers with units and with which arithmetic is meaningful are

1.            qualitative and categorical data

2.quantitative data

Question 3          Match

Quantitative data that measure how much with any value in between values possible are

Quantitative data that count how many are

1.            discrete

2.            continuous

Question 4          Match

Quantitative data where scale zero means quantity = 0, and the ratio of two values is meaningful, are called

Qualitative data consisting of labels without a sense of order or rank are called

Qualitative data consisting of labels with a sense of order or rank are called

Quantitative data where the difference between measurements is relative, and scale zero is a place holder that does not mean quantity = 0, are called

1.            nominal data

2.            ordinal data

3.            interval data

4.            ratio data

Question 5          Match

Interval or ratio measurements are

Nominal or ordinal measurements are

1.            quantitative

2.            qualitative

Question 6          Match

Measurements with a numeric scale and units are

Labels that identify or answer questions are

1.            interval or ratio data

2.            nominal or ordinal data

Question 7          Match

Social security numbers, street addresses, and political affiliation are

Potato sack weights in pounds, radiation at Punggye-ri Test Site in rads, and stock prices in $ are

1.            qualitative

2.            quantitative

Question 8          Match

Gender, name of stock exchange (NYSE, AMEX, and OTC), and account ID's are

Temperature in deg F, temperature in deg C, and Scholastic Aptitude Test (SAT) scores are

Distance, height, weight, time, and temperature deg K are

Size (small, medium, and large), quality (poor, good, excellent), and doneness (rare, medium, and well) are

1.            nominal

2.            ordinal

3.            interval

4.            ratio

Question 9          Match

The number of defects in a manufacturing lot , the number of cars in lot, and the number of miles on odometers are examples of

Distances, times, and weights are examples of

1.            discrete data

2.            continuous data