A food retailer that specializes in organic food has decided to open a new store. To help

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A food retailer that specializes in organic food has decided to open a new store. To help determine the best location in Texas, researchers decide to examine data from competing stores in Texas, including average weekly profit ($), town area (square miles), median age of town ($), and whether or not the store is near a highway.
a) Who was measured?
A. competing stores in Texas
B. All organic food stores
C. All stores in Texas
D. This information is not given
b) What was measured? Choose all that apply.
A. Median income of town
B. Town Area
C. Average weekly profit
D. City
E. Whether or not the store is near a highway
F. Type of food
G. Median age of town
H. This information is not given
c) when were the measurements taken?
A. recently
B. After the new store is built
C. Last year
D. this information is not given.
d) Where were measurements taken?
A. All organic food stores
B. Texas
C. All organic food stores in Texas
D. This information is not given
e) Why were the measurements taken?
A. To investigate competing stores
B. To determine the specialty of the new store
C. To determine the best location for the new store
D. this information is not given
f) How were the measurements taken?
A. survey of competing stores
B. survey of customers in competing stores
C. Collection from competing stores
D. this information is not given
g) Specify whether the data come from a designed survey or experiment
A. designed survey
B. experiment
C. This information cannot be determined by the given data
h) Are the variables time series or cross sectional?
A. Cross sectional
B. Time series
C. Neither
i) Specify any concerns. Select all that apply.
A. The data sample size was too small
B. the data collection was done incorrectly
C. there are too many categorical variables
D. there are no specific concerns from the information given
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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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