Econ2300 Ch1 Assignment

Econ2300assignment: Ch1 Quiz

1.TF Qu. 1 A population is a set of existing units.A population is a set of existing units.  True False2.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 False7.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 gender9.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 Store11.MC Qu. 18 Temperature (in degrees Fahrenheit) is an ex…Temperature (in degrees Fahrenheit) is an example of a(n) ________ variable. Nominative→ Interval Ordinal Ratio17.

 

  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 inference24.

 

  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 quantitative25.

 

  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