Econ2300 Ch1 Assignment

Econ2300
assignment: Ch1 Quiz

1.TF Qu. 1 A population is a set of existing units.
A population is a set of existing units.
 
True
 
False
2.TF Qu. 2 If we examine some of the population measure...
If we examine some of the population measurements, we are conducting a census of the population.
 
True
 
False
7.MC Qu. 11 Ratio variables have the following character...
Ratio variables have the following characteristics:
 
Predictable
 
Meaningful order
 
Categorical in nature
→
An inherently defined zero value
 
8.MC Qu. 13 Which of the following is a quantitative var...
Which of the following is a quantitative variable?
 
Mileage of a car
 
Whether a person has a charge account
 
Whether a person is a college graduate
 
The make of a TV
 
A person's gender
9.MC Qu. 14 Which of the following is a categorical vari...
Which of the following is a categorical variable?
 
Bank Account Balance
 
Air Temperature
→
Whether a Person Has a Traffic Violation
 
Value of Company Stock
 
Daily Sales in a Store
11.
MC Qu. 18 Temperature (in degrees Fahrenheit) is an ex...
Temperature (in degrees Fahrenheit) is an example of a(n) ________ variable.
 
Nominative
→
Interval
 
Ordinal
 
Ratio
17.

 
 
MC Qu. 27 A(n) ___________________ variable is a quali...
A(n) ___________________ variable is a qualitative variable such that there is no meaningful ordering or ranking of the categories.
 
Interval
 
Ordinal
 
Ratio
→
Nominative

20.

 
 
MC Qu. 34 A _____ is an examination of all the units i...
A _____ is an examination of all the units in a population.
 
random sampling with replacement
 
random sampling without replacement
 
census
 
statistical inference
24.

 
 
MC Qu. 43 A _____ variable can have values that indica...
A _____ variable can have values that indicate into which of several segments of a population it belongs.
→
qualitative
 
ratio
 
interval
 
quantitative
25.

 
 
MC Qu. 52 The change in daily price of a stock is what...
The change in daily price of a stock is what type of variable?
 
Ordinal
 
Random
 
Qualitative
→
Quantitative