C723 Exam Questions with Verified Correct
Answers
Quantitative Analysis
Analysis using objective data.
Qualitative Analysis
Analysis using subjective data.
Response Variable
Another name for the dependent variable.
Explanatory Variable
Another name for the independent variable.
Negative Correlation
Correlation that occurs when one variable increases and the other variable decreases.
Positive Correlation
Correlation that occurs when one variable increases and the other variable increases, too.
Nonnumeric Data
Data of a form such as words, symbols, or letters that are not used in calculations.
Numerical Data
Data represented by numbers.
Trendline
Line that shows the general direction of the relationship of points over time.
, Objective Data
Measurable data obtained through observations or testing.
Correlation
Measure of the strength of the linear relationship between variables.
Metric
Measurement used to gauge performance.
Forecasting
Method or process used to make short range decisions where the actual outcomes have not
yet occurred.
Subjective Data
Non-measurable data often obtained through surveys or interviews.
Descriptive Statistics
The analysis of data to describe, interpret, and summarize data in a meaningful way to find
patterns.
Inferential Statistics
The analysis of data to reach conclusions, generalizations, and estimations based on a small
sample of the population.
Statistics
The gathering, organizing, and interpreting of numerical data.
Moderating Variable
Answers
Quantitative Analysis
Analysis using objective data.
Qualitative Analysis
Analysis using subjective data.
Response Variable
Another name for the dependent variable.
Explanatory Variable
Another name for the independent variable.
Negative Correlation
Correlation that occurs when one variable increases and the other variable decreases.
Positive Correlation
Correlation that occurs when one variable increases and the other variable increases, too.
Nonnumeric Data
Data of a form such as words, symbols, or letters that are not used in calculations.
Numerical Data
Data represented by numbers.
Trendline
Line that shows the general direction of the relationship of points over time.
, Objective Data
Measurable data obtained through observations or testing.
Correlation
Measure of the strength of the linear relationship between variables.
Metric
Measurement used to gauge performance.
Forecasting
Method or process used to make short range decisions where the actual outcomes have not
yet occurred.
Subjective Data
Non-measurable data often obtained through surveys or interviews.
Descriptive Statistics
The analysis of data to describe, interpret, and summarize data in a meaningful way to find
patterns.
Inferential Statistics
The analysis of data to reach conclusions, generalizations, and estimations based on a small
sample of the population.
Statistics
The gathering, organizing, and interpreting of numerical data.
Moderating Variable
