UCF, QMB 3200, Prof. Brook, Midterm Exam Questions And Answers.docx

UCF, QMB 3200, Prof. Brook, Midterm
Exam Questions And Answers
Data -
correct answer ✅the facts and figures collected, analyzed, and
summarized for presentation and interpretation


Dataset -
correct answer ✅all data collected for analysis


Element -
correct answer ✅entity on which datais collected


Variable -
correct answer ✅a characteristic of interest for the elements


Observation -
correct answer ✅variables associated with an individual element


Categorical Data -
correct answer ✅measures categories


Quantitative Data -
correct answer ✅numerical data

, UCF, QMB 3200, Prof. Brook, Midterm
Exam Questions And Answers
Cross-Sectional Data -
correct answer ✅data collected at the same or approximately the
same point in time


Time Series Data -
correct answer ✅data collected over several time periods


Panel Data -
correct answer ✅combonation of Cross-Sectional and Time Series
data


Descriptive Statistics -
correct answer ✅describe data or variables


Population -
correct answer ✅set of all data


Sample -
correct answer ✅a subset of the population