BUS 308 Week 1 Quiz Question 1. Calculating the median requires data of at least what level ? Question 2. If sales data are reported in dollar values, what is the scale of the data ? Question 3. Empirical probability is Question 4. A probability is found by dividing the number of possible outcome (0) by the number of successes (e)P = o/e. Question 5. Which of the following measure central tendency and includes data from every score? Question 6. A parameter refers to a sample characteristic. Question 7. The mean is ? Question 8. The probability of two independent events occurring together equals the product of each of the individual event probabilities. Question 9. Days of the week are considered what level of data ? Question 10. Data on the ages of customers are ratio scale data. BUS 308 Week 1 Quiz Set 2 Question 1. The probability of finding 100 defective products in a sample of 500 is 25%. Question 2. In statistical notation, M is to µ as s is to σ. Question 3. Empirical probability is Question 4. The standard deviation measures the central tendency of the data set. Question 5. The mean is? Question 6. Data on the city from which members of a board of directors come from represent interval level data? Question 7. The mean is the most frequently used measure of central location. Question 8. Distances are considered an example of which data scale? Question 9. The standard deviation of normally distributed data is equal to about 1/6 of the data set’s Question 10. Calculating the median requires data of at least what level?
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