Chapter 14 & 15 Test

Which of the following is not one of the common activities for which managers need math skills?

• delegate

• compute

• calculate

• project

What do the terms probability and correlation mean to managers when they are making decisions?

To be understandable and useful for decision makers, raw data must be

• summarized

• simplified

• processed and organized

• presented in tables, charts, or graphs

The activity managers perform when they review data to identify relationships, patterns, and explanations is

• calculate

• compare

• project

• analyze

The correct structure and terminology for a division equation is

• dividend ÷ product = quotient

• divisor ÷ dividend = product

• dividend ÷ divisor = quotient

• multiplicand ÷ subtrahend = product

The metric system

• is used only in the United States and a few other countries

• was developed to be understandable and easy to use by both

  scientists and average citizens

• is based on feet, pounds, and gallons

• was first proposed in the mid-1900s

Why is it important to double check the answers to simple math calculations?

The sum of all values in a data set divided by the number of values is the

• sample

• mean

• median

• probability

A sample is a small representative part of a

• census

• frequency distribution

• population

• probability

An excellent visual way to study trends is with a(n)

• chart

• graph

• executive summary

• table