Business Summary Statistics Answers

The following graph displays the number of bushels of apples produced by a small orchard over the course of several months. How many bushels of apples were produced in September? a. 23 b. 19 c. 16 d. 9 Please select the best answer from the choices provided

You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to put on the register. Because employees on the sales floor cause customers to buy more products, if you do not have at least 2 employees on the register for every 5 employees working on the sales floor, your registers will get very clogged and you will lose business. You have a total of 84 employees, and you wish to have as many on the sales floor as possible. How should you divide your employees?a.44 on the sales floor, 40 on the registerb.55 on the sales floor, 29 on the registerc.60 on the sales floor, 24 on the registerd.75 on the sales floor, 9 on the register

The following graphs show the respective sales data of two store branches, east and west. All profits are listed in thousands of dollars. Which graph does not show the same data as the others? I. II. III. IV. a. I b. II c. III d. IV Please select the best answer from the choices provided

In the article, “Visual Business Intelligence”, Stephen Few claims that visualization analysis and presentation tools are important to a business decision-maker since they _____.a.help justify unsound decisions to upper-level management with colorful charts and graphsb.help him or her to see through the errors in data collection before making an erroneous decisionc.assist in viewing the data in even finer detail so that he or she can make the most informed decision possibled.allow him or her to view data as an easy to understand image that might be recognized as a pattern and solved without costly data analysis

Which of the following is not a way Ian Dicker claims a Business Intelligence Dashboard will help you to make good business decisions?a.allowing five different methods with which to monitor your businessb.increasing data-sampling rate, providing more data points for analysisc.offering a central point by which the organization or team can monitor progressd.reducing decision-making time by viewing the business progress visually rather than numerically

Natasha is a regional manager for a chain of supermarkets. She has been tasked with researching the weekly sales records of two branch locations over the past month, which she must present to her board of directors. She was able to assemble the relevant information in the table below, but it is scrambled and hard to read. Sales are listed in thousands of dollars. Week 4 1 1 3 4 2 3 2 Sales 16.3 17.8 23.1 15.2 20.2 23.4 22.9 17.6 Branch North South North South South North North South In order to make the data more readable, Natasha has decided to put it into a graph. Which of the following graphs accurately matches the information in the table? I. II. III. IV. a. I b. II c. III d. IV Please select the best answer from the choices provided

Jake has decided to give a bonus to the employee who has worked the greatest total number of hours over the past six months. Four candidates are currently up for consideration. The following graph shows how many hours each one has worked over the past six months. To which employee will Jake give the bonus? a. Vince b. Claire c. Joey d. Katharine Please select the best answer from the choices provided

Abger Electronics, a retail store, restructures its employees’ schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively. Employee 1st Pick 2nd Pick 3rd Pick 4th Pick Rachel 12 p.m. 3 p.m. 9 a.m. 6 p.m. Gary 9 a.m. 6 p.m. 12 p.m. 3 p.m. Hannah 12 p.m. 6 p.m. 3 p.m. 9 a.m. Christopher 9 a.m. 12 p.m. 3 p.m. 6 p.m. Based on this information, when will each employee’s shift begin? a. 9 a.m. - Gary; 12 p.m. - Rachel; 3 p.m. - Christopher; 6 p.m. - Hannah b. 9 a.m. - Christopher; 12 p.m. - Rachel; 3 p.m. - Hannah; 6 p.m. - Gary c. 9 a.m. - Christopher; 12 p.m. - Hannah; 3 p.m. - Rachel; 6 p.m. - Gary d. 9 a.m. - Gary; 12 p.m. - Rachel; 3 p.m. - Hannah; 6 p.m. - Christopher Please select the best answer from the choices provided

Matt has four orange trees, one at each corner of his yard (northeast, northwest, southeast, and southwest). The following graph shows the fruit production of each tree over the course of several years. Which tree had the greatest number of increases in output from year to year? a. northeast b. northwest c. southeast d. southwest Please select the best answer from the choices provided

The following graph shows the sales records of four employees over a period of six months. Which employee experienced the single greatest decline in sales between two months? a. Mary b. Lewis c. Todd d. Paige Please select the best answer from the choices provided

The following graph shows Caroline’s sales records since she started her position 22 months ago. Caroline’s two managers, Shawna and Morris, are having a meeting to discuss her performance. To prepare, Morris looks at Caroline’s sales over the past four months, and Shawna looks at Caroline’s total records. How is Shawna’s opinion likely to differ from Morris’s? a. Morris is likely to see a total growth in sales, while Shawna will probably see a decline in Caroline’s performance. b. Morris will only see a rapid drop in performance, while Shawna knows that Caroline is usually a solid salesperson and that her lapses never last long. c. Shawna will see a higher median performance from Caroline, while Morris will see a higher mean performance. d. Shawna will see that Caroline’s sales tend to increase over time, while Morris will believe that they tend to decrease. Please select the best answer from the choices provided

The following graph details the number of performances of plays a Shakespearean acting company has performed over the past five years. If the company has performed 147 times in the past five years, how many times have they performed Othello? Round to the nearest whole performance, if necessary. a. 51 b. 28 c. 19 d. 7 Please select the best answer from the choices provided

It is the policy of stores owned by the Talkara Co. to give out bonuses to salespeople every six months. The size of the bonus is determined by averaging (taking the mean of) the two highest and the lowest monthly sales totals from the six-month period, taking 8% of the result, and splitting it evenly among the salespeople. The graph below shows sales for the most recent bonus period. If there are six salespeople, how much money will each one receive, to the nearest dollar? a. $243 b. $309 c. $324 d. $355 Please select the best answer from the choices provided

Abger Electronics, a retail store, restructures its employees’ schedules every six months. The employees are asked for their shift preferences, and the schedules are rearranged according to these preferences. When there is a conflict, those with the best total sales over the past six months are given priority. The following graph and table show the most recent sales records and employee preferences, respectively. Employee 1st Pick 2nd Pick 3rd Pick 4th Pick Rachel 12 p.m. 3 p.m. 9 a.m. 6 p.m. Gary 9 a.m. 6 p.m. 12 p.m. 3 p.m. Hannah 12 p.m. 6 p.m. 3 p.m. 9 a.m. Christopher 9 a.m. 12 p.m. 3 p.m. 6 p.m. Based on this information, when will each employee’s shift begin? a. 9 a.m. - Gary; 12 p.m. - Rachel; 3 p.m. - Christopher; 6 p.m. - Hannah b. 9 a.m. - Christopher; 12 p.m. - Rachel; 3 p.m. - Hannah; 6 p.m. - Gary c. 9 a.m. - Christopher; 12 p.m. - Hannah; 3 p.m. - Rachel; 6 p.m. - Gary d. 9 a.m. - Gary; 12 p.m. - Rachel; 3 p.m. - Hannah; 6 p.m. - Christopher Please select the best answer from the choices provided

Hector has started growing orchids in a greenhouse. He has kept a record how many new blossoms his orchids have grown each week, which may be seen in the graph below. Between which two weeks did the greatest increase in new blossoms occur? a. 1 and 2 b. 4 and 5 c. 5 and 6 d. 8 and 9 Please select the best answer from the choices provided

Tony is the staff manager of a movie theater, and he is trying to decide which shifts should have the greatest number of employees on staff. Over the course of a week, Tony recorded how many customers appeared during each shift, the results of which can be seen in the graph below. Tony wants the distribution of his employees to match the distribution of the customers. If Tony has 230 total employees, how many should he assign to the 1:00 p.m. shift? a. 15 b. 20 c. 68 d. 156 Please select the best answer from the choices provided

In the decision-making process, why is it important to gather relevant information before making a decision?a.Gathering relevant information is a way of determining the outcome of a decision before it is made.b.Gathering relevant information helps you determine what your objective should be.c.Gathering relevant information helps you become aware of factors which could influence your actions or their consequences.d.Gathering relevant information allows you to explain your decision to other people.

Which of the following is not a way Ian Dicker claims a Business Intelligence Dashboard will help you to make good business decisions?a.allowing five different methods with which to monitor your businessb.increasing data-sampling rate, providing more data points for analysisc.offering a central point by which the organization or team can monitor progressd.reducing decision-making time by viewing the business progress visually rather than numerically

Which part of the decision-making process is directly related to brainstorming?a.defining the objectiveb.collecting relevant datac.generating possible optionsd.implementing and evaluating