QMB 3200 MIDTERM UCF QUESTIONS AND ANSWERS 2024
1.Analytics:gthe gscientific gprocess gof gtransforming gdata ginto ginsight gfor
gmaking gbetter gdecisions
2.Descriptive gAnalytics: gAnalytical gtechniques gthat gdescribe gwhat ghas
ghappened gin gthe gpast.
3.Predictive gAnalytics: gAnalytical gtechniques gthat guse gmodels
gconstructed gfrom gpast gdata gto gpredict gthe gfuture gor gassess gthe
gimpact gof gone gvariable gon ganother.
4.Prescriptive gAnalytics: gAnalytical gtechniques gthat gyield ga gcourse gof
gaction.
5.Big gData: gA gset gof gdata gthat gcannot gbe gmanaged, gprocessed, gor
ganalyzed gwith gcommonly gavailable gsoftware gin ga greasonable gamount
gof gtime. gBig gData gare gcharac- gterized gby g4 gv's: gvolume, gvelocity,
gvariety, gand gveracity.
6.Data gMining: gThe gprocess gof gusing gprocedures gfrom gstatistics gand
gcomputer gscience gto gextract guseful ginformation gfrom gextremely
glarge gdatabases.
7.Frequency gDistribution: gA gtabular gsummary gof gdata gshowing gthe
gnumber g(fre- gquency) gof gobservations gin geach gof gseveral
gnonoverlapping gcategories gor gclasses.
8.Relative gFrequency gDistribution: gA gtabular gsummary gof gdata gshowing
gthe gfrac- gtion gor gproportion gof gobservations gin geach gof gseveral
gnonoverlapping gcategories gor gclasses.
9.Percent gFrequency gDistribution: gA gtabular gsummary gof gdata gshowing
gthe gper- gcentage gof gobservations gin geach gof gseveral gnonoverlapping
gclasses.
10.Bar gChart: gA ggraphical gdevice gfor gdepicting gcategorical gdata gthat
ghave gbeen gsummarized gin ga gfrequency, grelative gfrequency, gor
gpercent gfrequency gdistribution.
11.Pie gChart: gA ggraphical gdevice gfor gpresenting gdata gsummaries gbased
gon gsubdivi- gsion gof ga gcircle ginto gsectors gthat gcorrespond gto gthe
grelative gfrequency gfor geach gclass.
12.Class gMidpoint: gthe gvalue ghalfway gbetween gthe glower gand gupper
gclass glimits
13.Dot gPlot: ga ggraphical gdevice gthat gsummarizes gdata gby gthe gnumber
gof gdots gabove geach gdata gvalue gon gthe ghorizontal gaxis
14.Histogram: gA ggraphical gdisplay gof ga gfrequency gdistribution,
grelative gfrequency gdistribution, gor gpercent gfrequency gdistribution gof
1 g/
g11
,QMB 3200 MIDTERM UCF QUESTIONS AND ANSWERS 2024
gquantitative gdata gconstructed gby gplacing gthe gclass gintervals gon gthe
ghorizontal gaxis gand gthe gfrequencies, grelative gfrequencies, gor
gpercent gfrequencies gon gthe gvertical gaxis.
15.Cumulative gFrequency gDistribution: gA gtabular gsummary gof
gquantitative gdata gshowing gthe gnumber gof gdata gvalues gthat gare gless
gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
16.Cumulative gRelative gFrequency gDistribution: gA gtabular gsummary gof
gquantita- gtive gdata gshowing gthe gfraction gor gproportion gof gdata gvalues
gthat gare gless gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
17.Cumulative gPercent gFrequency gDistribution: gA gtabular gsummary gof
gquantita- gtive gdata gshowing gthe gpercentage gof gdata gvalues gthat gare
gless gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
2 g/
g11
1.Analytics:gthe gscientific gprocess gof gtransforming gdata ginto ginsight gfor
gmaking gbetter gdecisions
2.Descriptive gAnalytics: gAnalytical gtechniques gthat gdescribe gwhat ghas
ghappened gin gthe gpast.
3.Predictive gAnalytics: gAnalytical gtechniques gthat guse gmodels
gconstructed gfrom gpast gdata gto gpredict gthe gfuture gor gassess gthe
gimpact gof gone gvariable gon ganother.
4.Prescriptive gAnalytics: gAnalytical gtechniques gthat gyield ga gcourse gof
gaction.
5.Big gData: gA gset gof gdata gthat gcannot gbe gmanaged, gprocessed, gor
ganalyzed gwith gcommonly gavailable gsoftware gin ga greasonable gamount
gof gtime. gBig gData gare gcharac- gterized gby g4 gv's: gvolume, gvelocity,
gvariety, gand gveracity.
6.Data gMining: gThe gprocess gof gusing gprocedures gfrom gstatistics gand
gcomputer gscience gto gextract guseful ginformation gfrom gextremely
glarge gdatabases.
7.Frequency gDistribution: gA gtabular gsummary gof gdata gshowing gthe
gnumber g(fre- gquency) gof gobservations gin geach gof gseveral
gnonoverlapping gcategories gor gclasses.
8.Relative gFrequency gDistribution: gA gtabular gsummary gof gdata gshowing
gthe gfrac- gtion gor gproportion gof gobservations gin geach gof gseveral
gnonoverlapping gcategories gor gclasses.
9.Percent gFrequency gDistribution: gA gtabular gsummary gof gdata gshowing
gthe gper- gcentage gof gobservations gin geach gof gseveral gnonoverlapping
gclasses.
10.Bar gChart: gA ggraphical gdevice gfor gdepicting gcategorical gdata gthat
ghave gbeen gsummarized gin ga gfrequency, grelative gfrequency, gor
gpercent gfrequency gdistribution.
11.Pie gChart: gA ggraphical gdevice gfor gpresenting gdata gsummaries gbased
gon gsubdivi- gsion gof ga gcircle ginto gsectors gthat gcorrespond gto gthe
grelative gfrequency gfor geach gclass.
12.Class gMidpoint: gthe gvalue ghalfway gbetween gthe glower gand gupper
gclass glimits
13.Dot gPlot: ga ggraphical gdevice gthat gsummarizes gdata gby gthe gnumber
gof gdots gabove geach gdata gvalue gon gthe ghorizontal gaxis
14.Histogram: gA ggraphical gdisplay gof ga gfrequency gdistribution,
grelative gfrequency gdistribution, gor gpercent gfrequency gdistribution gof
1 g/
g11
,QMB 3200 MIDTERM UCF QUESTIONS AND ANSWERS 2024
gquantitative gdata gconstructed gby gplacing gthe gclass gintervals gon gthe
ghorizontal gaxis gand gthe gfrequencies, grelative gfrequencies, gor
gpercent gfrequencies gon gthe gvertical gaxis.
15.Cumulative gFrequency gDistribution: gA gtabular gsummary gof
gquantitative gdata gshowing gthe gnumber gof gdata gvalues gthat gare gless
gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
16.Cumulative gRelative gFrequency gDistribution: gA gtabular gsummary gof
gquantita- gtive gdata gshowing gthe gfraction gor gproportion gof gdata gvalues
gthat gare gless gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
17.Cumulative gPercent gFrequency gDistribution: gA gtabular gsummary gof
gquantita- gtive gdata gshowing gthe gpercentage gof gdata gvalues gthat gare
gless gthan gor gequal gto gthe gupper gclass glimit gof geach gclass.
2 g/
g11
