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MGSC 291 final exam questions with 100% correct answers graded A+ already passed, Exams of Nursing

MGSC 291 final exam questions with 100% correct answers graded A+ already passed

Typology: Exams

2023/2024

Available from 07/19/2024

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Download MGSC 291 final exam questions with 100% correct answers graded A+ already passed and more Exams Nursing in PDF only on Docsity! MGSC 291 final exam ch1: why are statistics used? (4) - correct answer ✔✔- process data and make it useful - provide meaningful info and make it easily accessible - answer questions - tell a story ch 1: the benefits of collecting and calculating statistics/data include (5) - correct answer ✔✔-reduce costs - increase profitability and productivity - better risk management - market the right product to the right consumers - increase consumer satisfaction ch 1: Population - correct answer ✔✔to be 100% accurate you have to survey an entire population ex:voters who will vote in the election ch 1: sample statistic - correct answer ✔✔subset of the population that represents the population used to make inferences about the unknown population parameter ex: through internet surveys and set numbers of people rather than the whole population ch 1: sampling saves (2) - correct answer ✔✔time and money and its usually impossible to survey an entire population ch 1: population parameter - correct answer ✔✔the unknown percent of the sample ex:the unknown percent of all voters that believe donald trump could win ch 1: 2 types of statistics - correct answer ✔✔descriptive and inferential ch 1: descriptive statistics - correct answer ✔✔Summarizing important aspects of a data set. Includes collecting, organizing, and presenting data. present data in charts and tables ch 1: inferential statistics - correct answer ✔✔Drawing conclusions about a population based on sample data from that population. ch 1: a few questions... I'm interested in the average GPA of all the students in this class. Q1: What's the population? I collect GPA's of 15 randomly chosen students. The average is equal to 3.53. Q2: Is the number 3.53 a population parameter or sample statistic? I collect GPA's of all the students in this class. The average is equal to 3.45. Q3: Is the number 3.45 a population parameter or sample statistic? Population parameter - correct answer ✔✔All the students in this class Sample statistic Population parameter