QMB 3200 Exam Questions And Answers.docx

QMB 3200 Exam Questions And Answers
Data -
correct answer ✅facts and figures collected, analyzed, or
summarized


Dataset -
correct answer ✅all the data collected in an analysis


Element -
correct answer ✅the entity on which data is collected


Variable -
correct answer ✅characteristic of interest of an element


Observation -
correct answer ✅all variables associated


Categorical -
correct answer ✅numeric or ordinal values of measurement


Quantitative -
correct answer ✅uses numeric measures

, QMB 3200 Exam Questions And Answers
Cross Sectional -
correct answer ✅data collected at a similar point in time


Time Series -
correct answer ✅data collected over a series of time periods


Panel -
correct answer ✅combination of cross sectional and time series
data


Descriptive Staistics -
correct answer ✅describes the data or variables


Population -
correct answer ✅set of all data/variables n statistical analysis


Sample -
correct answer ✅subset of the population


Statistical inference -
correct answer ✅uses data from a sample to make estimates and
test hypothesis about the characteristics of a population