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Statistics For Business_FIN-2AB_20242

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There

were 76 students taking a test consisting of 100 questions giving each

right answer score 1 and 0 if false. The results is presented in the following

box plot:

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A supervisor in a bank want to measure the service time per customer by a teller. By 8:30 there were already 10 customers in line waiting for the teller. Then at exactly 8:00 the teller started serving the first customer. Once the first customer is finished, the second customer is served directly and so on. The supervisor immediately noted what time each customer was. finished serving. Following are the notes for the 7 customers above when they are completed: 8:05; 8:07; 8:15; 8:20; 8:24; 8:29; 8:35.

Based on these 7 customers calculate the standard deviation of the service time (in minutes).

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Select True or False:

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A survey of families living in a certain city was conducted

to collect information on the following variables: number of family members, have they taken a vacation during the past year, and income of the family.

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Respondents were asked, "Is your current income greater than, similar to or less than the income you earned five years ago?" In this case, what type of variable is being used?

0%
0%
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0%
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Select TRUE/FALSE for following questions:

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A

sample survey is preferred over a census for the following reasons: 

Select True or False

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The primary goal of descriptive statistics is to:

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Regarding sampling methods, select True or False following statements:

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Which reason to sample instead of census?

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