Introduction to Business Statistics

Open Ended

When you hear the word “statistics”, what would you probably think of?

Multiple Select

Which of the following are processes involved in Statistics? Select all that apply.

• Collection

• Organization

• Presentation

• Analysis

• Interpretation

Multiple Choice

In algebra, it is a symbol with a fixed value.

In statistics, it is the characteristic, property, or attribute that makes members of a group uniform.

• Constant

• Variable

• Qualitative

• Quantitative

Multiple Choice

In algebra, it is a symbol with no fixed value.

In statistics, it is the characteristic, property, or attribute that makes members of a group vary.

• Constant

• Variable

• Qualitative

• Quantitative

Multiple Choice

These are variables when the information has been sorted into categories. Also, they can assume values that manifest the concept of attributes.

• Constant

• Variable

• Qualitative

• Quantitative

Multiple Choice

These are variables which are numerical in nature

• Constant

• Variable

• Qualitative

• Quantitative

Multiple Choice

Variables obtained from counting

• Discrete

• Continuous

• Dichotomous

Multiple Choice

Variables obtained from measuring

• Discrete

• Continuous

• Dichotomous

Multiple Choice

The collection of all individuals, items, or data under consideration in a statistical study.

• Population

• Sample

• Census

• Survey

Multiple Choice

That part of the collection of all individuals from which information is collected

• Population

• Sample

• Census

• Survey

Multiple Choice

It is a statistical procedure concerned with describing the characteristics and properties of a group of persons, places, or things. It involves the collection, presentation, characterization, and summarization of a set of data using numerical descriptions and graphical representations.

• Descriptive Statistics

• Inferential Statistics

Multiple Choice

It is a statistical procedure that is used to draw inferences or information about the properties or characteristics of a large group of people, places, or things based on the information obtained from a small portion of a large group.

It is concerned with making decisions about a large body of data in the population of interest by using a smaller portion or sample of that population.

• Descriptive Statistics

• Inferential Statistics