BUAL 2600 Regina Gramling Exam 1 with answers

BUAL 2600 Regina Gramling Exam 1 with
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answers

What is the order of the Analytic Process? - CORRECT
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ANSWERS ✔✔1. Business Problem |\ |\ |\




2. Data Collection/Management
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3. Descriptive Analysis: past/what has happened
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Ordinal - CORRECT ANSWERS ✔✔A qualitative variable
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when ORDER MATTERS; there is a meaningful ordering, or
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ranking, of the categories
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Nominative - CORRECT ANSWERS ✔✔A qualitative |\ |\ |\ |\ |\ |\



variable when there is no meaningful ordering of the
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categories


Qualitative Variable - CORRECT ANSWERS ✔✔Data is non-
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numerical in nature - can't do calculations
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Quantitative Variable - CORRECT ANSWERS ✔✔Numerical |\ |\ |\ |\ |\ |\



Data that can be measured
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, Continuous - CORRECT ANSWERS ✔✔A quantitative |\ |\ |\ |\ |\ |\



variable that is a fraction or decimal
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Discrete - CORRECT ANSWERS ✔✔A quantitative variable
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that is a whole number
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Confidential - CORRECT ANSWERS ✔✔Identification is |\ |\ |\ |\ |\ |\



coded but known by someone in charge
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Anonymous - CORRECT ANSWERS ✔✔No identification |\ |\ |\ |\ |\ |\



known by anyone |\ |\




Data Sourcing/Data Collecting - CORRECT ANSWERS
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✔✔Collects ALL data from a population |\ |\ |\ |\ |\




What is Random Sampling? - CORRECT ANSWERS
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✔✔Everyone in the population has an equal chance of |\ |\ |\ |\ |\ |\ |\ |\ |\



being studied |\




What is Convenience Sampling? - CORRECT ANSWERS
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✔✔Selecting sample based on whoever is convenient |\ |\ |\ |\ |\ |\




What is Voluntary Sampling? - CORRECT ANSWERS
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✔✔Self-selected sample, those who want to participate, |\ |\ |\ |\ |\ |\ |\