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Which of the following best describes the term "data":


A) facts or figures that are subject to summarization, analysis, and presentation
B) a collection of data with some common characteristic
C) the entities on which data are collected
D) a particular characteristic of interest for the elements
E) the set of measurements collected for a particular element

F) A) and B)
G) A) and C)

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Statistics is the art and science of collecting, analyzing, interpreting, and presenting data in an effort to transform that data into useful information.

A) True
B) False

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True

Distinguish between time series data and cross-sectional data.


A) time series data and cross-sectional are essentially the same.
B) time series data are collected at or represent the same point in time.
C) cross-sectional data are collected over time or represent values in two or more time periods.
D) time series data are collected over time or represent values in two or more time periods.
E) a and c

F) A) and E)
G) B) and D)

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Data collected at, or representing, the same point in time are:


A) cross-sectional data
B) time cross-sectional data
C) time series data
D) time controlled data
E) none of the above

F) None of the above
G) A) and B)

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Numeric data are always quantitative.

A) True
B) False

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Time series data are data collected at, or representing, the same point in time.

A) True
B) False

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Income is an example of


A) qualitative data
B) either qualitative or quantitative data
C) dollar data
D) quantitative data
E) none of the above

F) A) and B)
G) D) and E)

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Which of the following best describes the role of probability theory:


A) it is the link between descriptive statistics and inferential statistics
B) it is the link between statistics and data
C) it explains the role of chance in everyday events
D) it is used to describe various distributions of data
E) all of the above

F) A) and B)
G) A) and C)

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A

Ratio data has all the properties of interval data, plus a natural zero point, allowing for legitimate ratio comparisons.

A) True
B) False

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True

What is the order of the four activities related to data involved in statistics?


A) collecting, analyzing, interpreting, and presenting
B) collecting, interpreting, analyzing, and presenting
C) analyzing, collecting, presenting, and interpreting
D) analyzing, presenting, interpreting, and collecting
E) interpreting, collecting, analyzing, and presenting

F) C) and E)
G) B) and C)

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Descriptive statistics focuses on summarizing data while inferential statistics deals with the selection and use of sample data to produce information about the larger population from which the sample was selected.

A) True
B) False

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For ease of data entry into a university database, 1 denotes that the student is an undergraduate and 2 indicates that the student is a graduate student.In this case data are:


A) qualitative
B) quantitative
C) either qualitative or quantitative
D) neither qualitative nor quantitative
E) time series

F) B) and D)
G) A) and B)

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Descriptive statistics focuses on summarizing and presenting data, and includes tables and graphs as well as numerical statistics.

A) True
B) False

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Statistics is the art and science of collecting, analyzing, and interpreting data.

A) True
B) False

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Data collected over several time periods are:


A) time series data
B) time controlled data
C) cross-sectional data
D) timed cross-sectional data
E) none of the above

F) B) and D)
G) None of the above

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Which variables below are qualitative rather than quantitative?


A) time to complete a job (hours)
B) number of friends
C) altitude (feet)
D) zip code
E) hourly wage ($)

F) B) and E)
G) D) and E)

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The primary goal of statistics is to select data to support a particular position.

A) True
B) False

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Data measured on an interval scale cannot be rank-ordered.

A) True
B) False

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Which of the following is that branch of statistics that focuses on summarizing and presenting data:


A) inferential statistics
B) descriptive statistics
C) statistical inference
D) report generation
E) none of the above

F) C) and D)
G) B) and E)

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Which variable(s) below are qualitative rather than quantitative?


A) telephone number
B) PIN number
C) speed (mph)
D) both a and b
E) both a and c

F) C) and E)
G) A) and B)

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