BM0011: Topic A Questions from Textbook

Week 2 Question: Exercise 1.5 (Page 9)

a. Time CEO spent at work [Quantitative,continuous]

a. Ordered preference that investors have for different investment funds for retirement purpose
[qualitative]

b. State where individual was born [qualitative]

c. Average temperature for summer months in Chicago [quantitative,continuosus]

d. Ranking of computer stores with respect to their competitors, based on sales [qualitative]

Week 2 Question: Exercise 1.21 (Page 18)

An operations manager at a semiconductor company is interested in the satisfaction level of the firms that
buy computer chips from the company. Approximately 1,000 firms buy chips from this company. The
manager has developed a satisfaction scale from 1 to 100 for the respondents to mark their level of
satisfaction with the company’s products. This scale is to be included on a survey to a sample of 100
firms that buy from this firm.

a. What is the population of interest? [Approximately 1000 firms who bought chip from the
company]

c. What is the parameter of the population that is of interest? [ To denote the average level of
satisfaction of all buyers from e company]

d. What is the statistic corresponding to the parameter requested in part (c)? [ A satisfaction level of
100 companies out of all companies]

Week 2 Question: Exercise 1.25 (Page 19)

Determine whether each of the following groups of people or objects represents a population or a sample.

a. a list of 500 employees of General Motors (Hint: could be either? Explain) [ Population-there are
500 employees in e company] [ Sample-randomly picked 500 employees out of all]

b. 40 students who were randomly stopped and questioned on university campus [sample]

c. 200 people selected randomly from telephone book to receive marketing questionnaire [sample]

d. List of all possible choices of 2 cards from deck of 52 cards [population]

e. A batch of electronic parts ready for inspection [ sample]

BM0011: Topic A Questions from Textbook

Week 3 Question: Exercise 2.5 (Page 31)

The US Office of Employment Projections conducted a population survey to determine characteristics

about the work force. In its survey, tabulation was performed to state number of multiple job holders (in
thousand) and their respective weekly earnings. Results presented below:

Weekly earnings No. of multiple job holders

$0 to less than $211 1462
$211 to less than $334 1295
$334 to less than $493 1354
$493 to less than $730 1297
$730 and higher 1288

(a) What do you achieve by tabulating data in the form of frequency distribution? [ You can easily spot
the most no.of people earning in a week.]

(b) Form a relative frequency distribution

(c) What proportion of multiple job holders were making $493 or more per week? [1297/6696]