QMB 2100 Exam 1 Questions With
100% Verified Answers
statistics -
correct answer ✅the science of data. involves collecting,
classifying, summarizing, organizing, and interpreting numerical
and categorical information
descriptive statistics -
correct answer ✅utilizes numerical and graphical methods to
explore data (look for patterns, summarize, etc.)
1. the population or sample of interest
2. one or more variables
3. tables, graphs, or numerical summary tool
4. identification of patterns in data
inferential statistics -
correct answer ✅utilizes sample data to make estimates,
decisions, predictions, or generalization about a larger set of dat
1. the population of interest
2. one or more variables
3. sample of the population unit
4. inference about the population based on information contained
in the sample
, QMB 2100 Exam 1 Questions With
100% Verified Answers
5. a measure of reliability for the inference
population -
correct answer ✅a set of units we are studying
variable -
correct answer ✅characteristic or property of an individual
experimental unit
sample -
correct answer ✅a subset of the units of a population
statistical inference -
correct answer ✅estimate or prediction or generalization about a
population based on information contained in a sample
measure of reliability -
correct answer ✅a statement about the degree of uncertainty
associated with a statistical inference
100% Verified Answers
statistics -
correct answer ✅the science of data. involves collecting,
classifying, summarizing, organizing, and interpreting numerical
and categorical information
descriptive statistics -
correct answer ✅utilizes numerical and graphical methods to
explore data (look for patterns, summarize, etc.)
1. the population or sample of interest
2. one or more variables
3. tables, graphs, or numerical summary tool
4. identification of patterns in data
inferential statistics -
correct answer ✅utilizes sample data to make estimates,
decisions, predictions, or generalization about a larger set of dat
1. the population of interest
2. one or more variables
3. sample of the population unit
4. inference about the population based on information contained
in the sample
, QMB 2100 Exam 1 Questions With
100% Verified Answers
5. a measure of reliability for the inference
population -
correct answer ✅a set of units we are studying
variable -
correct answer ✅characteristic or property of an individual
experimental unit
sample -
correct answer ✅a subset of the units of a population
statistical inference -
correct answer ✅estimate or prediction or generalization about a
population based on information contained in a sample
measure of reliability -
correct answer ✅a statement about the degree of uncertainty
associated with a statistical inference
