MATH 533 Week 1 Quiz

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Mike Mentzer

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Mathematices

Course

MATH 533 Applied Managerial Statistics

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DeVry

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8

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MATH 533 WEEK 1 QUIZ Classify each of the following as nominal, ordinal, interval, or ratio data.a. The ranking of a company in the Fortune 500. - ORDINAL b. The number of tickets sold at a movie theater on any given night. - RATIO c. The identification number on a questionnaire. - NOMINAL d. Per capita income. - RATIO e. The trade balance in dollars. - RATIO f. Profit/loss in dollars. - RATIO g. A company’s tax identification. - NOMINAL h. The Standard & Poor’s bond ratings of cities based on the scales below: ORDINAL The activity or the process of collecting the data on the population is called. a sample a data set a population a census A company wants to learn the customers’ purchase habits of buying certain products. This company did a survey about a random 1000 customers, who were asked about the times they purchased the certain products within one month. Then what is the data in this example: Times the customers purchased the certain products. Customers’ purchase habits. All the records times of purchasing the certain products for

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