Business Statistics Exam 1 – Study Guide & Key
Topics.
1. Science of collecting, organizing, presenting analyzing Statistic
and interpreting numerical data to assist in
making more effective decision
2. what type of measurement has no natural 0 interval
1/
11
, Business Statistics Exam 1 – Study Guide & Key
Topics.
3. data arranged in some order but the ordinal
differences be- tween data values cannot be
determined
interval measurement
4. meaningful amounts of differences between
data val- ues can be determined
5. Measurement has categories and cannot be arranged nominal
in a particular order
6. Make of cars nominal
7. temperature interval
8. distance to class ratio
9. interval level with 0 starting point ration
10. jersey # nominal
11. m&m colors nominal
12. type of statistic that has exact # and info descriptive
13. team standings ordinal
14. how do you determine the mean? add all data and divide
by the # of data give
15. dress size interval
2/
11
Topics.
1. Science of collecting, organizing, presenting analyzing Statistic
and interpreting numerical data to assist in
making more effective decision
2. what type of measurement has no natural 0 interval
1/
11
, Business Statistics Exam 1 – Study Guide & Key
Topics.
3. data arranged in some order but the ordinal
differences be- tween data values cannot be
determined
interval measurement
4. meaningful amounts of differences between
data val- ues can be determined
5. Measurement has categories and cannot be arranged nominal
in a particular order
6. Make of cars nominal
7. temperature interval
8. distance to class ratio
9. interval level with 0 starting point ration
10. jersey # nominal
11. m&m colors nominal
12. type of statistic that has exact # and info descriptive
13. team standings ordinal
14. how do you determine the mean? add all data and divide
by the # of data give
15. dress size interval
2/
11
