QMB 3200 | 100+ Exam 1 Questions on Data Types, Sampling, Graphs, Excel Functions | Florida International University

This document is a detailed and exam-specific resource for QMB 3200 – Quantitative Methods in Business, focusing on Exam 1 content for the 2025/2026 academic year at Florida International University. It contains over 100 multiple-choice questions with verified correct answers, aligned with the introductory topics commonly tested in the first major assessment of the course. Key subjects covered include data classification (categorical vs. quantitative), levels of measurement (nominal, ordinal, interval, ratio), cross-sectional vs. time-series data, population vs. sample distinctions, and the basics of descriptive and inferential statistics. There’s also a strong emphasis on graphical methods—such as histograms, bar graphs, pie charts, and PivotTables in Excel—along with questions that test understanding of Excel statistical functions like AVERAGE, MODE.SNGL, and MEDIAN. Students are also guided through foundational concepts in sampling techniques, survey interpretation, and data visualization, with applied examples and exhibits that replicate real exam conditions. This resource is ideal for mastering the statistical fundamentals required for success in QMB 3200 and similar business statistics courses. Relevant for students in: – Business and Management – Finance and Accounting – Marketing Analytics – Economics – Data Analysis and Statistics – Operations and Decision Sciences Keywords: QMB 3200, exam 1, data types, levels of measurement, descriptive statistics, inferential statistics, categorical data, quantitative data, histogram, bar graph, Excel functions, PivotTable, statistical inference, cross-sectional data, population vs. sample, Florida International University