All QMB 3200 midterm vocabulary Exam
Questions And Answers
Analytics -
correct answer ✅the scientific process of transforming data into
insight for making better decisions
Descriptive Analytics -
correct answer ✅analytical techniques that describe what has
happened in the past
Predictive Analytics -
correct answer ✅analytical techniques that use models
constructed from past data to predict the future or assess the
impact of one variable or another
Prescriptive Analytics -
correct answer ✅analytical techniques that yield course of action
Big Data -
correct answer ✅a set of data that cannot be managed processed
or analyzed with commonly available software in a reasonable
amount of time. characterized by four V's: Volume, Veracity,
Velocity, Variety
,All QMB 3200 midterm vocabulary Exam
Questions And Answers
data mining -
correct answer ✅the process of using procedures from statistics
and computer science
frequency distribution -
correct answer ✅a tabular summary of data showing the number
of observations in each of several nonoverlapping categories
relative frequency distribution -
correct answer ✅A tabular summary of data showing the fraction
or proportion of observations in each of several nonoverlapping
categories or classes.
percent frequency distribution -
correct answer ✅A tabular summary of data showing the
percentage of observations in each of several nonoverlapping
classes
bar chart -
correct answer ✅A graphical device for depicting categorical data
that have been summarized in a frequency, relative frequency, or
percent frequency distribution.
, All QMB 3200 midterm vocabulary Exam
Questions And Answers
pie chart -
correct answer ✅A graphical device for presenting data summaries
based on subdivision of a circle into sectors that correspond to the
relative frequency for each class.
class midpoint -
correct answer ✅The value halfway between the lower- and
upper-class limits.
dot plot -
correct answer ✅A graphical device that summarizes data by the
number of dots above each data value on the horizontal axis.
histogram -
correct answer ✅A graphical display of a frequency distribution,
relative frequency distribution, or percent frequency distribution of
quantitative data constructed by placing the class intervals on the
horizontal axis and the frequencies, relative frequencies, or percent
frequencies on the vertical axis.
Questions And Answers
Analytics -
correct answer ✅the scientific process of transforming data into
insight for making better decisions
Descriptive Analytics -
correct answer ✅analytical techniques that describe what has
happened in the past
Predictive Analytics -
correct answer ✅analytical techniques that use models
constructed from past data to predict the future or assess the
impact of one variable or another
Prescriptive Analytics -
correct answer ✅analytical techniques that yield course of action
Big Data -
correct answer ✅a set of data that cannot be managed processed
or analyzed with commonly available software in a reasonable
amount of time. characterized by four V's: Volume, Veracity,
Velocity, Variety
,All QMB 3200 midterm vocabulary Exam
Questions And Answers
data mining -
correct answer ✅the process of using procedures from statistics
and computer science
frequency distribution -
correct answer ✅a tabular summary of data showing the number
of observations in each of several nonoverlapping categories
relative frequency distribution -
correct answer ✅A tabular summary of data showing the fraction
or proportion of observations in each of several nonoverlapping
categories or classes.
percent frequency distribution -
correct answer ✅A tabular summary of data showing the
percentage of observations in each of several nonoverlapping
classes
bar chart -
correct answer ✅A graphical device for depicting categorical data
that have been summarized in a frequency, relative frequency, or
percent frequency distribution.
, All QMB 3200 midterm vocabulary Exam
Questions And Answers
pie chart -
correct answer ✅A graphical device for presenting data summaries
based on subdivision of a circle into sectors that correspond to the
relative frequency for each class.
class midpoint -
correct answer ✅The value halfway between the lower- and
upper-class limits.
dot plot -
correct answer ✅A graphical device that summarizes data by the
number of dots above each data value on the horizontal axis.
histogram -
correct answer ✅A graphical display of a frequency distribution,
relative frequency distribution, or percent frequency distribution of
quantitative data constructed by placing the class intervals on the
horizontal axis and the frequencies, relative frequencies, or percent
frequencies on the vertical axis.
