Test Bank for Business Statistics, 2nd Edition

Boost your confidence with Test Bank for Business Statistics, 2nd Edition, a complete guide packed with solved problems, revision strategies, and key takeaways.

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ExamName___________________________________MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.1)Using income data to determine the credit worthiness of a consumer who wishes to purchase a newcar is an example of using statistics in the field of ________.1)A)marketing researchB)financeC)operationsD)advertisingAnswer:BExplanation:A)B)C)D)2)A ________ sample does not represent the intended population and can lead to distorted findings.2)A)randomB)stratifiedC)probabilityD)biasedAnswer:DExplanation:A)B)C)D)3)A method of gathering data while the subjects of interest are in their natural environment, oftenunaware they are being watched, is known as ________.3)A)focus groupsB)experimentsC)direct observationD)surveysAnswer:CExplanation:A)B)C)D)4)Using quality control techniques to test the salt content of pretzels before they are packaged for theconsumer is an example of using statistics in the field of ________.4)A)advertisingB)marketing researchC)financeD)operationsAnswer:DExplanation:A)B)C)D)1

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Subject

Statistics

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Business Statistics by Robert A. Do...

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