BUAL 2600 Final Exam – Gramling | Study Guide & Practice Questions PDF

BUAL 2600 Final Exam
Gramling


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,HW #2 a. qualitative

A(n) ________ variable can have values that indicate
into which of several categories of a population it
belongs.

a. qualitative
b. quantitative
c. interval
d. ratio


HW #2 d. sensor

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 scenario is...

a. Point of Sale
b. None of these
c. Clickstream
d. Sensor
e. Social Media


HW #2 d. Choose DataSourcing Method-Collect Descriptives-Make Prediction-Ask Next
Question
Which of the following describes the steps of the Analytic
Process after we know the business problem?

a. Collect Descriptives-Choose Sampling Method-Make
Prediction-Ask Next Question
b. Collect Descriptives-Ask the Next Question-Choose
Sampling Method-Make Prediction
c. Choose DataSourcing Method-Choose Sampling
Method-Collect Descriptives-Make Prediction-Ask Next
Question
d. Choose DataSourcing Method-Collect Descriptives-
Make Prediction-Ask Next Question
e. None of these
f. Choose Sampling Method-Choose DataSourcing
Method-Make Prediction-Ask Next Question


HW #2 b. nominative

A(n) ________ variable is a qualitative variable such that
there is no meaningful ordering or ranking of the
categories.

a. ratio
b. nominative
c. interval
d. ordinal


HW #2 c. observations.

Measurements from a population are called...

a. processes.
b. variables.
c. observations.
d. elements.


HW #2 c. ordinal

An identification of police officers by rank would
represent a(n) ________ level of measurement.

a. nominative
b. ratio
c. ordinal
d. interval

, HW #2 c. nominative

A person's telephone area code is an example of a(n)
________ variable.

a. ordinal
b. ratio
c. nominative
d. interval


HW #2 a. quantitative
b. quantitative
Which of these variables are quantitative and which are c. qualitative
qualitative? d. quantitative
e. qualitative
a. The dollar amount on an accounts receivable invoice.
b. The net profit for a company in 2017.
c. The stock exchange on which a company's stock is
traded.
d. The national debt of the United States in 2017.
e. The advertising medium (radio, television, or print)
used to promote a product.


HW #2 a. ordinal
b. nominative
Classify each of the following qualitative variables as c. ordinal
ordinal or nominative. d. nominative
e. ordinal
a. Statistics course letter grade: A, B, C, D, F f. nominative
b. Door choice on Let's Make A Deal: Door #1, Door #2,
Door #3
c. Television show classifications: TV-G, TV-PG, TV-14,
TV-MA
d. Personal computer ownership: Yes, No
e. Restaurant rating: ****, **, *, ,
f. Income tax filing status: Married filing jointly; Married
filing separately; Single; Head of household; Qualifying
widow(er)


HW #2 d. Make predictions

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...

a. Make an actionable decision
b. Conduct a random sample
c. None of these
d. Make predictions
e. Ask the next question


HW #2 false

T/F: Business analytics is a new field that does not use
traditional statistics to analyze big data.


HW #2 False

T/F: An example of a qualitative variable is the mileage
of a car.


HW #2 b. milage of a car

Which of the following is a quantitative variable?

a. whether a person has a charge account
b. mileage of a car
c. a person's gender
d. the manufacturer of a cell phone
e. whether a person is a college graduate