Questions: Question 1 10 pts Excel is the only modeling tool that can be used. True False Question 2 10 pts Mean, median and mode are examples of descriptive statistics. True False

Question 1 10 pts Excel is the only modeling tool that can be used. True False Question 2 10 pts Mean, median and mode are examples of descriptive statistics. True False
Transcript text: Question 1 10 pts Excel is the only modeling tool that can be used. True False Question 2 10 pts Mean, median and mode are examples of descriptive statistics. True False
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Solution

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Solution Steps

Solution Approach
  1. For the first question, we need to determine if the statement "Excel is the only modeling tool that can be used" is true or false.
  2. For the second question, we need to determine if the statement "Mean, median and mode are examples of descriptive statistics" is true or false.
Step 1: Evaluate Question 1

The statement "Excel is the only modeling tool that can be used" is evaluated. Since there are numerous modeling tools available, this statement is false. Thus, we have: \[ \text{Question 1 Answer} = \text{False} \]

Step 2: Evaluate Question 2

The statement "Mean, median and mode are examples of descriptive statistics" is evaluated. It is well-known that mean (\(\mu\)), median, and mode are indeed measures used to summarize and describe data sets. Therefore, this statement is true. Thus, we have: \[ \text{Question 2 Answer} = \text{True} \]

Final Answer

\[ \text{Question 1 Answer: } \boxed{\text{False}} \\ \text{Question 2 Answer: } \boxed{\text{True}} \]

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