Chapter 1 – Data and Statistics
can be larger, smaller, or equal to the mean of the population
61. Since a sample is a subset of the population, a percentage that is calculated from the sample data
is always smaller than the corresponding percentage from the population
is always larger than the corresponding percentage from the population
must be equal to the corresponding percentage from the population
can be larger, smaller, or equal to the corresponding percentage from the population
62. A sample of five Fortune 500 companies showed the following revenues ($ millions): 7505.0, 2904.7, 7208.4, 6819.0,
and 19500.0. Based on this information, which of the following statements is correct?
An estimate of the average revenue for all Fortune 500 companies is 8787.42 ($ millions).
The average revenue for all Fortune 500 companies is 8787.42 ($ millions).
Over half of all Fortune 500 companies earn at least 7208.4 ($ millions) in revenues.
If five other Fortune 500 companies were chosen, the average revenue would be 8787.42 ($ millions).
63. A sample of five Fortune 500 companies showed the following industry codes: banking, banking, finance, retail, and
banking. Based on this information, which of the following statements is correct?
Sixty percent of the sample of five companies are banking industries.
Sixty percent of all Fortune 500 companies are banking industries.
Banking is the most common type of industry among all Fortune 500 companies.
If five other Fortune 500 companies were chosen, 60% of them would be banking industries.
64. __________ is a spreadsheet package.
The New York Stock Exchange
65. Dr. Kurt Thearling, a leading practitioner in the field, defines data mining as “the _________ extraction of _________
information from databases”.