1. What type of research uses numeric measurement data?Explain.
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Question 43.
Worker A
Worker B
Mean time of completing the job (minutes)
30
25
Standard deviation (minutes)
6
4
Which worker appears to be more consistent in the time he requires to complete the job? Explain.
(Points : 5)
Question 44.44. Critical Thinking: Two workers on the same job show the following results over a long period of time.
Worker A
Worker B
Mean time of completing the job (minutes)
30
25
Standard deviation (minutes)
6
4
Which worker appears to be faster in completing the job? Explain.
(Points : 5)
Question 45.45. Critical Thinking: Explain the differences between longitudinal and cross sectional business research studies.(Points : 10)
Question 46.46. Critical Thinking: Suppose the manager of a plant is concerned with the total number of man-hours lost due to accidents for the past 12 months. The company statistician has reported the mean number of man-hours lost per month but did not keep a record of the total sum. Should the manager order the study repeated to obtain the desired information? Explain your answer clearly. (Points : 10)
Question 47.47. Critical Thinking: Explain why histograms and frequency polygons are used in business statistics. (Points : 10)
Question 48.48. Critical Thinking: Which two types of probability sampling are best suited for business research and statistical data analysis, and why? (Points : 10)
Question 49.49. Critical Thinking: What is the difference between a null hypothesis and an alternate hypothesis? (Points : 10)
Question 50.50. Critical Thinking: Explain what is meant by the critical value of a statistical value. (Points : 10)
Question 51.51. Critical Thinking: What is the difference between a t test for independent means and a correlated t test? (Points : 10)
Question 53.53. Critical Thinking: How is a research question similar to a research hypothesis? (Points : 10)
Question 54.54. Critical Thinking: Describe each of the following statistical terms, and where applicable, define with the appropriate equation: Range, Variance, Standard Deviation (Points : 10)
Question 55.55. Critical Thinking: Give a brief definition and an example of the following:
a. Descriptive Statistics
b. Inferential Statistics (Points : 10)
Question 56.56. Critical Thinking: What does the correlation coefficient r describe? What about r squared? (Points : 10)
Question 57.57. Critical Thinking: Describe some of the issues or concerns (at least three) which would be addressed in deciding how to perform a statistical test of a hypothesis: (Points : 15)
Question 58.58. Critical Thinking: Discuss the implications of: magnitude (from 0 to 1); sign ( + or -); and probability versus causality for the Correlation Coefficient (also known as the Pearson Product-Moment Correlation Coefficient). (Points : 15)
Question 59.59. Critical Thinking: Describe how you would develop a random sample from among Argosy students (Points : 15)
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