Economic Testbank

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CHAPTER 1—DATA AND STATISTICS

MULTIPLE CHOICE

1.Methods for developing useful decision-making information from large data bases is known as |a. |data manipulation | |b. |data monitoring | |c. |data base conversion | |d. |data mining |

ANS:DPTS:1TOP:Descriptive Statistics

2.The process of capturing, storing, and maintaining data is known as |a. |data manipulation | |b. |data monitoring | |c. |data warehousing | |d. |category analysis |

ANS:CPTS:1TOP:Descriptive Statistics

3.The subject of data mining deals with
|a. |methods for developing useful decision-making information from large data bases | |b. |keeping data secure so that unauthorized individuals cannot access the data | |c. |computational procedure for data analysis | |d. |computing the average for data |

ANS:APTS:1TOP:Descriptive Statistics

4.In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of the |a. |ordinal scale | |b. |nominal scale | |c. |ratio scale | |d. |interval scale |

ANS:BPTS:1TOP:Descriptive Statistics

5.The nominal scale of measurement has the properties of the |a. |ordinal scale | |b. |only interval scale | |c. |ratio scale | |d. |None of these alternatives is correct. |

ANS:DPTS:1TOP:Descriptive Statistics

6.The scale of measurement that is used to rank order the observation for a variable is called the |a. |ratio scale | |b. |ordinal scale | |c. |nominal scale | |d. |interval scale |

ANS:BPTS:1TOP:Descriptive Statistics

7.Some hotels ask their guests to rate the hotel's services as excellent, very...
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