BAN 280: Comprehensive Final Review
Element - correct answer ✔✔the entities on which data are collected
Variable - correct answer ✔✔a characteristic of interest for the element
scales of measurement - correct answer ✔✔nominal, ordinal, interval, ratio
qualitative variable - correct answer ✔✔a categorical variable for which each value represents a discrete
category
quantitative data - correct answer ✔✔numerical data
discrete data - correct answer ✔✔Numerical data values that can be COUNTED
continuous data - correct answer ✔✔Numerical data values that can be MEASURED
Dataset - correct answer ✔✔the complete set of raw data, for all observational units and variables, in a
survey or experiment
Observation - correct answer ✔✔the set of measurements collected for a particular element
measures of central tendency - correct answer ✔✔mean, median, mode
measures of dispersion - correct answer ✔✔range, variance, standard deviation
standard deviation - correct answer ✔✔the square root of the variance
Variance - correct answer ✔✔the square of the standard deviation
Element - correct answer ✔✔the entities on which data are collected
Variable - correct answer ✔✔a characteristic of interest for the element
scales of measurement - correct answer ✔✔nominal, ordinal, interval, ratio
qualitative variable - correct answer ✔✔a categorical variable for which each value represents a discrete
category
quantitative data - correct answer ✔✔numerical data
discrete data - correct answer ✔✔Numerical data values that can be COUNTED
continuous data - correct answer ✔✔Numerical data values that can be MEASURED
Dataset - correct answer ✔✔the complete set of raw data, for all observational units and variables, in a
survey or experiment
Observation - correct answer ✔✔the set of measurements collected for a particular element
measures of central tendency - correct answer ✔✔mean, median, mode
measures of dispersion - correct answer ✔✔range, variance, standard deviation
standard deviation - correct answer ✔✔the square root of the variance
Variance - correct answer ✔✔the square of the standard deviation
