Author Question: A Scanner Data User Survey of 50 companies found that the average amount spent on scanner data per ... (Read 117 times)

torybrooks · **on:** Jun 24, 2018

A Scanner Data User Survey of 50 companies found that the average amount spent on scanner data per category of consumer goods was 387,325 (Mercer Management Consulting, Inc, April 24, 1997). The 387,325 is an example of _____.
a. categorical data
b. quantitative data
c. a descriptive statistic
d. Both quantitative data and a descriptive statistic are correct.

Question 2

From a population of 200 elements, a sample of 49 elements is selected. It is determined that the sample mean is 56 and the sample standard deviation is 14 . The standard error of the mean is
a. 3
b. 2
c. greater than 2
d. less than 2