BUS 475 Capstone Final Examination Part 2 2017 Questions and Answers
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26. For both qualitative <strong>and</strong> quantitative data, what is the difference between the relative frequency <strong>and</strong> the percent<br />
frequency?<br />
• The relative frequency equals the percent frequency multiplied by 100.<br />
• The percent frequency equals the relative frequency multiplied by 100<br />
• As opposed to the relative frequency, the percent frequency is divided by the number of observations in the data set.<br />
• As opposed to the percent frequency, the relative frequency is divided by the number of observations in the data set.<br />
27. Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own<br />
polypropylene fiber, a key input to its manufacturing process. This is an example of _______________.<br />
• using related diversification to achieve value by leveraging core competencies to achieve economies of scope<br />
• using related diversification to achieve value by pooling negotiating power to achieve market power<br />
• using related diversification to achieve value by integrating vertically in order to attain economies of scope<br />
• using related diversification to achieve value by integrating vertically in order to acquire market power<br />
28. Which of the following can be represented by a continuous r<strong>and</strong>om variable?<br />
• The average temperature in Tampa, Florida, during the month of July<br />
• The number of customers who visit a department store between 10:00 a.m. <strong>and</strong> 11:00 a.m. on Mondays<br />
• The number of students who will get financial assistance in a group of 50 r<strong>and</strong>omly selected students<br />
• The number of typos found on a r<strong>and</strong>omly selected page of this test bank<br />
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