1. Descriptive statistics are useful because, in most cases, a large data set cannot be evaluated in its entirety.
a. True
b. False

2. Statistics is useful in some cases but is not applicable in many elements of society such as economics, government, and law.
a. True
b. False

3. The purpose of statistics includes each of the following except:
a. Analyze data
b. Draw meaningful inferences that lead to improved decisions
c. Summarize data
d. All of the above are related to the purpose of statistics

4. Statistical analysis is employed to ensure 100% precision in results.
a. True
b. False

5. Descriptive statistics are measures that describe:
a. A sample of data
b. A parameter of data
c. A multifaceted data set
d. A single recurring event

6. The use of statistical methods to draw conclusions about a population based on information obtained from a sample is called:
a. Descriptive statistics
b. Universal statistics
c. Analytical statistics
d. Inferential statistics

7. Descriptive statistics are useful to forensic accountants because:
a. Engagements normally examine data that are accumulated for a specific purpose and are not randomly generated
b. Engagements always use data sets created by random sampling
c. Inferential statistics do not meet the sufficient relevant data criteria
d. None of the above are reasons forensic accountants primarily use descriptive statistics

8. The distribution of a data set can be described in two dimensions, which are:
a. Time and series
b. Series and events
c. Time and magnitude
d. Events and populations

9. Each of the following is a measure of central tendency except:
a. Mode
b. Modularity
c. Median
d. Mean

10. Each of the following is a measure of variability except:
a. Standard deviation
b. Range
c. Variance
d. Collinearity