Economic Testbank

5285 WordsAug 28, 201222 Pages
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: D PTS: 1 TOP: Descriptive Statistics 2. The process of capturing, storing, and…show more content…
|ratio scale | |c. |nominal scale | |d. |interval scale | ANS: A PTS: 1 TOP: Descriptive Statistics 8. The ordinal scale of measurement has the properties of the |a. |ratio scale | |b. |interval scale | |c. |nominal scale | |d. |ratio and interval scales | ANS: C PTS: 1 TOP: Descriptive Statistics 9. The ratio scale of measurement has the properties of |a. |only the ordinal scale | |b. |only the nominal scale | |c. |the rank

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