Dr. Gramling BUAL 2600 Final Exam || QUESTIONS
ANSWERED WITH ABSOLUTE ACCURACY.
A commercial shipping company operates a large fleet of trucks. The company needs to collect
data on vehicle usage including acceleration, braking, and vehicle maintenance such as fluid
levels. The datasourcing method needed to collect the data for this scenerio is correct answers
sensor
The dollar amount on an accounts receivable invoice. correct answers quantitative
The net profit for a company in 2017. correct answers quantitative
The stock exchange on which a company's stock is traded. correct answers qualitative
The national debt of the United States in 2017. correct answers quantitative
The advertising medium (radio, television, or print) used to promote a product. correct answers
qualitative
T/F. A quantitative variable can also be referred to as a categorical variable. correct answers
false
A(n) ________ variable is a qualitative variable such that there is no meaningful ordering or
ranking of the categories. correct answers nominal
An identification of police officers by rank would represent a(n) ________ level of
measurement. correct answers ordinal
A doctor's office needs to know how many of their services are used by their patients during a
one year time period. Before a patient leaves their office, a summary report includes the date, the
doctor they saw, the services provided, and the total charge for each service. Which of the
following dataourcing methods best describes this data collection scenario? correct answers
Point of Sale
A person's telephone area code is an example of a(n) ________ variable. correct answers
nominal
A(n) ________ variable can have values that indicate into which of several categories of a
population it belongs. correct answers qualitative
T/F. Business analytics is a new field that does not use traditional statistics to analyze big data.
correct answers false, it does use traditional statistics
T/F. An example of a qualitative variable is the mileage of a car. correct answers False,
quantitative
, Ordinal/Nominal. Statistics course letter grade correct answers ordinal
ordinal/nominal. Door choice on Let's Make A Deal correct answers nominal
ordinal/nominal. Television show classifications (PG, PG-13) correct answers ordinal
ordinal/nominal. Personal computer ownership (yes/no) correct answers nominal
ordinal/nominal. rating (1-5 star) correct answers ordinal
ordinal/nominal. Income tax filing status correct answers nominal
Possible qualitative data for Stitchfix to collect is a clothing size such as small, medium, and
large. This is an example of __________ (ordinal, nominal, discrete, or continuous) variable.
correct answers ordinal
A ________ variable takes on values that are numbers on the real number line. correct answers
quantitative
Which of the following describes the steps of the Analytic Process after we know the business
problem? correct answers Choose DataSourcing Method-Collect Descriptives-Make Prediction-
Ask Next Question
In the Analytic Process, the next step after the descriptives (descriptives is the data that has
occurred up to the current point in time) have been collected, is to use the data to: correct
answers make predictions
quant/qualt. mileage of a car correct answers quantitative
Measurements from a population are called correct answers observations
datasourcing Or random sampling correct answers cannot be both
datasourcing methods to collect data: correct answers point of sale, click stream data, social
media data, sensor data
Point of sale correct answers receipts
random sampling correct answers everyone/everything has an equal opportunity to be selected
quantitative variable correct answers numerical data, can be measured, units to make sense,
continuous or discrete
continuous correct answers can be a decimal
ANSWERED WITH ABSOLUTE ACCURACY.
A commercial shipping company operates a large fleet of trucks. The company needs to collect
data on vehicle usage including acceleration, braking, and vehicle maintenance such as fluid
levels. The datasourcing method needed to collect the data for this scenerio is correct answers
sensor
The dollar amount on an accounts receivable invoice. correct answers quantitative
The net profit for a company in 2017. correct answers quantitative
The stock exchange on which a company's stock is traded. correct answers qualitative
The national debt of the United States in 2017. correct answers quantitative
The advertising medium (radio, television, or print) used to promote a product. correct answers
qualitative
T/F. A quantitative variable can also be referred to as a categorical variable. correct answers
false
A(n) ________ variable is a qualitative variable such that there is no meaningful ordering or
ranking of the categories. correct answers nominal
An identification of police officers by rank would represent a(n) ________ level of
measurement. correct answers ordinal
A doctor's office needs to know how many of their services are used by their patients during a
one year time period. Before a patient leaves their office, a summary report includes the date, the
doctor they saw, the services provided, and the total charge for each service. Which of the
following dataourcing methods best describes this data collection scenario? correct answers
Point of Sale
A person's telephone area code is an example of a(n) ________ variable. correct answers
nominal
A(n) ________ variable can have values that indicate into which of several categories of a
population it belongs. correct answers qualitative
T/F. Business analytics is a new field that does not use traditional statistics to analyze big data.
correct answers false, it does use traditional statistics
T/F. An example of a qualitative variable is the mileage of a car. correct answers False,
quantitative
, Ordinal/Nominal. Statistics course letter grade correct answers ordinal
ordinal/nominal. Door choice on Let's Make A Deal correct answers nominal
ordinal/nominal. Television show classifications (PG, PG-13) correct answers ordinal
ordinal/nominal. Personal computer ownership (yes/no) correct answers nominal
ordinal/nominal. rating (1-5 star) correct answers ordinal
ordinal/nominal. Income tax filing status correct answers nominal
Possible qualitative data for Stitchfix to collect is a clothing size such as small, medium, and
large. This is an example of __________ (ordinal, nominal, discrete, or continuous) variable.
correct answers ordinal
A ________ variable takes on values that are numbers on the real number line. correct answers
quantitative
Which of the following describes the steps of the Analytic Process after we know the business
problem? correct answers Choose DataSourcing Method-Collect Descriptives-Make Prediction-
Ask Next Question
In the Analytic Process, the next step after the descriptives (descriptives is the data that has
occurred up to the current point in time) have been collected, is to use the data to: correct
answers make predictions
quant/qualt. mileage of a car correct answers quantitative
Measurements from a population are called correct answers observations
datasourcing Or random sampling correct answers cannot be both
datasourcing methods to collect data: correct answers point of sale, click stream data, social
media data, sensor data
Point of sale correct answers receipts
random sampling correct answers everyone/everything has an equal opportunity to be selected
quantitative variable correct answers numerical data, can be measured, units to make sense,
continuous or discrete
continuous correct answers can be a decimal
