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QMB3200 Midterm Exam UPDATED ACTUAL Questions and CORRECT Answers

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QMB3200 Midterm Exam UPDATED ACTUAL Questions and CORRECT Answers Dataset - CORRECT ANSWER- all the data collected for a particular analysis. Element - CORRECT ANSWER- the entity on which data is collected. Observation - CORRECT ANSWER- the variables associated with an individual element. Variable - CORRECT ANSWER- a characteristic of interest of an element.

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QMB3200 Midterm Exam UPDATED
ACTUAL Questions and CORRECT
Answers
Dataset - CORRECT ANSWER- ✔✔all the data collected for a particular analysis.



Element - CORRECT ANSWER- ✔✔the entity on which data is collected.



Observation - CORRECT ANSWER- ✔✔the variables associated with an individual element.



Variable - CORRECT ANSWER- ✔✔a characteristic of interest of an element.



Categorical Data - CORRECT ANSWER- ✔✔use numeric or ordinal values of measurement
of categories.


Cross-Sectional Data - CORRECT ANSWER- ✔✔data collected at a similar point in time.



Time Series - CORRECT ANSWER- ✔✔data collected over several time periods.



Panel - CORRECT ANSWER- ✔✔combination of cross-sectional and time series data.



Population - CORRECT ANSWER- ✔✔is the set of all data/variables of a statistical analysis.



Sample - CORRECT ANSWER- ✔✔subset of the population.



Frequency Formula - CORRECT ANSWER- ✔✔=countif(highlight column, select cell)



Percent Frequency - CORRECT ANSWER- ✔✔=cell/sum(cell range)

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