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Question
The credit card balances for customers at State Bank and Trust has a mean equal to $800 and a standard deviation equal to $60.00. Kevin Smith's balance is $1,352. Based on this, his standardized value is 9.20.
Answer
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Related questions
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Data gathered from a structured interview is generally easier to analyze than data collected from an unstructured interview.
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Data collected using open-end questions is generally easier to analyze than data collected from closed-end questions.
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When an interviewer asks a specified series of questions in the course of a personal interview, he/she is conducting an unstructured interview.
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One way to improve the response rate for a survey is to administer the surveys directly to the respondents.
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An accountant has recently prepared a report for a client that contains a variety of graphs and charts. In doing so, she has used descriptive statistical methods.
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Descriptive statistics allow a decision maker to reach a conclusion about a population based on a subset from the population.
Q:
A stem and leaf diagram is an alternative to using:
A) a pie chart.
B) a bar chart.
C) a histogram.
D) an ogive.
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Which of the following is true about the difference between stem and leaf diagrams and histograms?
A) There is no difference.
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D) The stem and leaf diagram shows less information than a histogram.
Q:
Which of the following is a false statement?
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B) The bars on a bar chart can be different colors.
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A) Quantitative data
B) Categorical data
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In forming the classes for a frequency distribution and histogram, suppose there were a number of empty classes. You should:
A) increase the class width.
B) decrease the class width.
C) keep the current class width.
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A histogram is used to display which of the following characteristics for a quantitative variable?
A) The approximate center of the data
B) The spread in the data
C) The shape of the distribution
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Which of the following statements is true?
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