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Exam (elaborations)

BUAL 2600 Yan Exam 1 || INSTRUCTOR-VERIFIED QUESTIONS & ANSWERS; 100% CORRECT!!

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BUAL 2600 Yan Exam 1 || INSTRUCTOR-VERIFIED QUESTIONS & ANSWERS; 100% CORRECT!!

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BUAL 2600 Yan Exam 1 || INSTRUCTOR-VERIFIED
QUESTIONS & ANSWERS; 100% CORRECT!!
Data correct answers Facts and figures from which conclusions can be drawn

Data Set correct answers The data that are collected for a particular study

Variable correct answers any characteristic of an element

Quantitative Variables correct answers The possible measurements of the values of a variable are
numbers that represent quantities
Ex: Age

Qualitative (Categorical) Variables correct answers Labels or names used to identify an attribute
of each element
Ex: Names, addresses, phone numbers

Cross Sectional Data correct answers Data collected at. the same time or approximately the same
time

Time Series Data correct answers Data collected over different time periods

Population correct answers A set of all elements about which we draw conclusions

Sample correct answers A. subset of all the elements in a population

Probability Sampling correct answers Sampling where we know the change that each element in
the population will be included in the sequence

convience sampling correct answers sampling where we select elements because they are
convenient to sample
not a probability sample

voluntary response sampling correct answers samples in which participants self-select
-frequently used by radio and television
-over represent people with strong opinions

judgements sampling correct answers samples in which a person who is extremely knowledgable
about the population selects population elements he or she feels are most representative

nominative variable correct answers a qualitative variable for which there is no meaningful
ordering, or ranking, of the categories
Ex: gender, car color

, ordinal variable correct answers A qualitative variable for which there is a meaningful ordering
or ranking of the categories.
Ex: teaching effectiveness

interval variable correct answers All of the characteristics of ordinal (meaningful ranking) plus...
measurements are on a numerical scale with an arbitrary zero point and can only meaningfully
compare values by the interval between them
Ex: Temperature

ratio variable correct answers interval plus Measurements are on a numerical scale with a
meaningful zero point such as anything related to money
Ex: Earnings, profit, loss, age, distance, height

stratified random sampling correct answers divide population into non-overlapping groups
(strata) then select a random sample from each strata

multistage cluster sampling correct answers divide population into clusters and then randomly
select clusters to sample

systematic sampling correct answers list population, select random starting point, sample each
nth element

dichotomous questions correct answers -clearly stated
-easy to answer
-easy to analyze
-limited information

multiple choice questions correct answers -allow more than two responses
-usually analyzed with averages

open-ended questions correct answers -most honest and complete information
-cannot be readily summarized

phone surveys correct answers -inexpensive
-low response rate

mail surveys correct answers -inexpensive
-low response rate (20-30%)
-requires multiple mailings

web surveys correct answers -cheaper still
-same problems as mail surveys

personal interviews correct answers -more expensive
-more control
-higher response rates

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