Chapter2 Business.docVIP

Chapter 2 Describing Data: Frequency Distributions and Graphic Presentations True/False Questions T F 1. A frequency distribution groups data into classes showing the number of observations in each class. Answer: True Difficulty: Easy Goal: 1 T F 2. The midpoint of a class, which is also called a class mark, is halfway between the lower and upper limits. Answer: True Difficulty: Easy Goal: 1 T F 3. A class interval, which is the width of a class, can be determined by subtracting the lower limit of a class from the lower limit of the next higher class. Answer: True Difficulty: Easy Goal: 1 T F 4. A suggested class interval can be determined by the formula: Answer: True Difficulty: Easy Goal: 1 T F 5. In constructing a frequency distribution, you should try to have open-ended classes such as Under $100 and $1,000 and over. Answer: False Difficulty: Easy Goal: 1 T F 6. When constructing a frequency distribution, try to include overlapping stated class limits, such as 100 up to 201, 200 up to 301, and 300 up to 401. Answer: False Difficulty: Easy Goal: 1 T F 7. To convert a frequency distribution to a relative frequency distribution, divide each class frequency by the sum of the class frequencies. Answer: True Difficulty: Easy Goal: 1  T F 8. To construct a histogram, the class frequencies are plotted on the vertical or Y-axis and either the stated limits, the true limits or the midpoints are plotted on the horizontal or X-axis. Answer: True Difficulty: Easy Goal: 2 T F 9. A cumulative frequency distribution is used when we want to determine how many observations lie above or below certain values. Answer: True Difficulty: Easy Goal: 2 T F 10. In general, we should construct a frequency distribution so that there are either 4 or 24 classes. Answer: False Difficulty: Easy Goal: 1 T F 11. The height of a bar in a histogram represents the number of observations for a class. Ans