chapter one quiz

statistics is the science and art of collecting organizing presenting and interpreting data to assist in making more effective decisions.

• true

• false

data are used in a specific places

• true

• false

we study statistic techniques to use it to make decisions that effects our day lives

• true

• false

finance is one of the applications of statistics in business and econimics

• true

• false

there are two types of statistical analysis

• true

• false

quantitative data are always number

• true

• false

discrete variable can take certain number

• true

• false

primary data is collected in any time

• true

• false

all of these are from the applications of statistic of business and economics except

• accounting

• marketing

• production

• organizing

Methods of organizing, summarizing, and presenting data in an informative way is a ....

• collect data

• Descriptive statistics

• statistics