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MAT133 EXAM QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+]

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MAT133 EXAM QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] Binary variable - Some categorical variables have only two values. Bivariate data sets - Two variables. Bounce rate - Shows the percentage of viewers who leave the site after viewing only the homepage. Business analytics - To support decision making, to recognize anomalies that require tactical action, or to gain strategic insight to align business processes with business objectives. ©morren2024/2025.Year published 2024. Categorical data - (Also called qualitative data) have values that are described by words rather than numbers. Census - An examination of all items in a defined population. Click-through rate - The percentage of viewers who click on the ad when they view it on a webpage. Cluster sample - Taken from strata consisting of geographical regions. Coding - The values of the categorical variable might be represented using numbers. Continuous data - A numerical variable that can have any value within an interval is continuous. ©morren2024/2025.Year published 2024.

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MAT133 EXAM QUESTIONS WITH VERIFIED

ANSWERS [ GRADED A+]




Binary variable - ✔✔Some categorical variables have only two values.




Bivariate data sets - ✔✔Two variables.




Bounce rate - ✔✔Shows the percentage of viewers who leave the site after

viewing only the homepage.




Business analytics - ✔✔To support decision making, to recognize anomalies that

require tactical action, or to gain strategic insight to align business processes with

business objectives.




©morren2024/2025.Year published 2024.

,Categorical data - ✔✔(Also called qualitative data) have values that are described

by words rather than numbers.




Census - ✔✔An examination of all items in a defined population.




Click-through rate - ✔✔The percentage of viewers who click on the ad when they

view it on a webpage.




Cluster sample - ✔✔Taken from strata consisting of geographical regions.




Coding - ✔✔The values of the categorical variable might be represented using

numbers.




Continuous data - ✔✔A numerical variable that can have any value within an

interval is continuous.




©morren2024/2025.Year published 2024.

,Convenience sampling - ✔✔To grab whatever sample is handy.




Coverage error - ✔✔When some important segment of the target population is

systematically missed.




Critical thinking - ✔✔Being able to evaluate evidence, to tell fact from opinion, to

see holes in an argument, to tell whether cause and effect has been established

and to spot illogic.




Cross-sectional data - ✔✔If each observation represents a different individual unit

(e.g., a person, firm, geographic area) at the same point in time.




Data - ✔✔A plural, and data set to refer to a collection of observations taken as a

whole.




©morren2024/2025.Year published 2024.

, Data science - ✔✔A trilogy of tasks involving data modeling, analysis, and decision

making.




Data set - ✔✔Consists of all the values of all of the variables for all of the

observations we have chosen to observe.




Descriptive analytics - ✔✔Tools to analyze historical data and help them identify

trends and patterns.




Descriptive statistics - ✔✔Refers to the collection, organization, presentation, and

summary of data (either using charts and graphs or using a numerical summary).




Discrete data - ✔✔A variable with a countable number of distinct values.




Empirical data - ✔✔Data collected through observations and experiments.




©morren2024/2025.Year published 2024.
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