- 1. Except for the absence of absolute zero, interval data are identical to and
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Question
- 1. Except for the absence of absolute zero, interval data are identical to and can be interpreted exactly the same as:
a.) Ordinal Data
b.) Categorical data
c.) None of the above
- 2. Which measure of central tendency is most affected by a single outlying data value?
a.) Median
b.) Mode
c.) Mean
- 3. With respect to product life cycles,
a.) Shorter cycles negate postiive cash flows
b.) Longer cycles create barriers to entry
c.) Shorter cycles create barriers to entry
- 4. Organizations manage by factor for
a.) Performance evaluation
b.) improvement
c.) decision making
d.) all of the above
- 5. Cash flows are typically positive during which phase of the product lifecycle?
a.) introduction
b.) maturity
c.) decline
- 6. Pivot tables may contain
a.) only 1 row category
b.) at most 2 row categories
c.) as many as 2 row categories
- 7. After executing Excel's Histogram data analysis tool, you notice that the chart shows a count of zero for one of the intervals. You can conclude that
a.) your sample may under-represent your population for that interval
b.) your sample is representative of your population
c.) your sample may over-represent your population for that interval
- 8. A3 is a structured problem-solving process similar to
a.) PDCA
b.) DMAIC
c.) Both of the above
d.) Neither of the above
Explanation / Answer
1. ordinal data. In ordinal data ordered categories and the distance between the categories is not known, as it is not same as interval data.
2. The mean is far more affected, mean measures of central tendency is most affected by single outlying data value.
3. Shorter cycle create barriers to entry in the product life cycle.
4. organisation manage by a factor for performance evaluation, improvement and the decision making as it include all of the above.
5. Cashflow are typically positive during the introduction phase of the product life cycle.
6.Pivot tables may contain as many as 2 row categories.
7. A3 is a structured problem solving process similar to PDCA STYLE.
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