Understanding Statistics in Decision Making
12 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary role of statistics?

  • To create numerical facts
  • To provide decision makers with methods for obtaining and analyzing information (correct)
  • To focus on theoretical statistics only
  • To assist with long-range planning questions

In the context of statistics, what do the 'numbers that represent the diastolic blood pressure of a patient' refer to?

  • Theoretical statistics
  • Data points (correct)
  • Applied statistics
  • Statistical laws

What distinguishes theoretical statistics from applied statistics?

  • Applied statistics focuses on deriving statistical theorems
  • Applied statistics applies statistical theorems to solve practical problems
  • Theoretical statistics deals with proofs of statistical laws (correct)
  • Theoretical statistics involves real-world problem-solving

What is the purpose of descriptive statistics?

<p>To organize, display, and summarize data (C)</p> Signup and view all the answers

Which aspect of statistics deals with solving real-world problems using statistical theorems?

<p>Applied statistics (D)</p> Signup and view all the answers

What are the two main meanings associated with the word 'statistics'?

<p>Numerical facts and a field of study (C)</p> Signup and view all the answers

Which branch of statistics uses sample results to make decisions or predictions about a population?

<p>Inferential Statistics (C)</p> Signup and view all the answers

What does the statistic 49% in the Gallup poll represent?

<p>The percentage of people who knew the name of the first book of the Bible (B)</p> Signup and view all the answers

What does the accounting department of a large firm do to check the accuracy of all invoices?

<p>Randomly select a sample of invoices (D)</p> Signup and view all the answers

Which field applies statistical tools and concepts for analyzing data from the biological sciences and medicine?

<p>Epidemiology (D)</p> Signup and view all the answers

What do governments need statistical data on for making right decisions?

<p>Population growth and health (C)</p> Signup and view all the answers

What is a common application of statistical analysis in business?

<p>Testing production designs (A)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser