QMB 3200 - Gary Bliss/ Ansel Diama Exam 1
Questions And Answers
What is considered to be the language of data? -
correct answer ✅statistics
What are the two main branches of statistics? -
correct answer ✅descriptive statistics and inferential statistics
What is descriptive statistics? -
correct answer ✅the summary of a data set in the form of tables,
graphs, or the calculation of numerical values
What is inferential statistics? -
correct answer ✅extracting useful information from a sample to
draw conclusions about a population
What is data? -
correct answer ✅the numbers, facts, and figures that are
collected, analyzed, and summarized for presentation and
interpretation; not all data start as numbers, but they can be
converted to numbers
What are elements? -
correct answer ✅the entities on which data are collected
,QMB 3200 - Gary Bliss/ Ansel Diama Exam 1
Questions And Answers
What are variables? -
correct answer ✅characteristics of interest
What are observations? -
correct answer ✅measurements collected on each variable of the
element
How do you find the total number of data values in a complete data
set? -
correct answer ✅(# of elements)(# of variables)
What are the two types of data? -
correct answer ✅categorical and quantitative
What type of data can be either numeric or non-numeric? -
correct answer ✅Categorical
What type of data can only be numerical? -
correct answer ✅Quantitative
, QMB 3200 - Gary Bliss/ Ansel Diama Exam 1
Questions And Answers
What are the two scales of measurement for numeric categorical
data? -
correct answer ✅nominal and ordinal
What are the two scales of measurement for non-numeric
categorical data? -
correct answer ✅nominal and ordinal
What are the two scales of measurement for numeric quantitative
data? -
correct answer ✅interval and ratio
What is categorical data? -
correct answer ✅data that are grouped by categories; can be
either numeric or non-numeric
What is another term for categorical data? -
correct answer ✅qualitative data
What is quantitative data? -
correct answer ✅data with numerical values
Questions And Answers
What is considered to be the language of data? -
correct answer ✅statistics
What are the two main branches of statistics? -
correct answer ✅descriptive statistics and inferential statistics
What is descriptive statistics? -
correct answer ✅the summary of a data set in the form of tables,
graphs, or the calculation of numerical values
What is inferential statistics? -
correct answer ✅extracting useful information from a sample to
draw conclusions about a population
What is data? -
correct answer ✅the numbers, facts, and figures that are
collected, analyzed, and summarized for presentation and
interpretation; not all data start as numbers, but they can be
converted to numbers
What are elements? -
correct answer ✅the entities on which data are collected
,QMB 3200 - Gary Bliss/ Ansel Diama Exam 1
Questions And Answers
What are variables? -
correct answer ✅characteristics of interest
What are observations? -
correct answer ✅measurements collected on each variable of the
element
How do you find the total number of data values in a complete data
set? -
correct answer ✅(# of elements)(# of variables)
What are the two types of data? -
correct answer ✅categorical and quantitative
What type of data can be either numeric or non-numeric? -
correct answer ✅Categorical
What type of data can only be numerical? -
correct answer ✅Quantitative
, QMB 3200 - Gary Bliss/ Ansel Diama Exam 1
Questions And Answers
What are the two scales of measurement for numeric categorical
data? -
correct answer ✅nominal and ordinal
What are the two scales of measurement for non-numeric
categorical data? -
correct answer ✅nominal and ordinal
What are the two scales of measurement for numeric quantitative
data? -
correct answer ✅interval and ratio
What is categorical data? -
correct answer ✅data that are grouped by categories; can be
either numeric or non-numeric
What is another term for categorical data? -
correct answer ✅qualitative data
What is quantitative data? -
correct answer ✅data with numerical values
