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OPRE 3360 Exam 1 Questions and Answers Fully Solved

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OPRE 3360 Exam 1 Questions and Answers Fully Solved Data - Answers the facts and figures collected, analyzed, and summarized for presentation and interpretation. Data Set - Answers All the data collected in a particular study Elements - Answers entities on which data is collected Variables - Answers A characteristic of interest for the elements Observations - Answers Measurements obtained for a particular element Data Values - Answers number of elements x number of variables Categorical Data - Answers - referred to as qualitative data -labels/names used to identify an attribute of elements - Uses either nominal or ordinal scale of measurement - Appropriate statistical analysis are rather limited Quantitative Data - Answers - indicate how many or how much discrete: measuring how many continuous: measuring how much - data are ALWAYS numeric Nominal Scale Data - Answers -Names, Labels, or Categories only to identify an attribute of the element (can be numeric or non-numeric) - Does not have a particular ordering scheme - Arithmetic operations not performed Ordinal Data - Answers -Has all the characteristics of nominal data, PLUS: data can be arranged in some ordering scheme differences between data values cannot be determined or are meaningless applies to categories that can be ranked Interval Data - Answers -Has all the characteristics of ordinal data, PLUS: differences in data values are meaningful results from counting or measuring value of zero is arbitrarily chosen Always numeric Ratio Data - Answers - Has all the characteristics of interval data, PLUS: data can be ranked and all arithmetic operations can be performed (division by zero excluded) the ratio of two values is meaningful the scale must contain a zero value indicating the absence of the characteristic Cross-Sectional Data - Answers data collected at the same or approximately the same point in time. Time Series Data - Answers consists of a single variable collected over several equally distant time periods Frequency Distributions - Answers A tabular summary of data showing the frequency (or number) of items in each of several non-overlapping classes. Relative Frequency Distribution - Answers A tabular summary showing the relative frequency for each class. Relative Frequency Distribution: Frequency of the class/n

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OPRE 3360 Exam 1 Questions and Answers Fully Solved

Data - Answers the facts and figures collected, analyzed, and summarized for presentation and
interpretation.

Data Set - Answers All the data collected in a particular study

Elements - Answers entities on which data is collected

Variables - Answers A characteristic of interest for the elements

Observations - Answers Measurements obtained for a particular element

Data Values - Answers number of elements x number of variables

Categorical Data - Answers - referred to as qualitative data

-labels/names used to identify an attribute of elements

- Uses either nominal or ordinal scale of measurement

- Appropriate statistical analysis are rather limited

Quantitative Data - Answers - indicate how many or how much

>discrete: measuring how many

>continuous: measuring how much

- data are ALWAYS numeric

Nominal Scale Data - Answers -Names, Labels, or Categories only to identify an attribute of the element
(can be numeric or non-numeric)

- Does not have a particular ordering scheme

- Arithmetic operations not performed

Ordinal Data - Answers -Has all the characteristics of nominal data, PLUS:

>data can be arranged in some ordering scheme

>differences between data values cannot be determined or are meaningless

>applies to categories that can be ranked

Interval Data - Answers -Has all the characteristics of ordinal data, PLUS:

>differences in data values are meaningful

, >results from counting or measuring

>value of zero is arbitrarily chosen

>Always numeric

Ratio Data - Answers - Has all the characteristics of interval data, PLUS:

>data can be ranked and all arithmetic operations can be performed (division by zero excluded)

>the ratio of two values is meaningful

>the scale must contain a zero value indicating the absence of the characteristic

Cross-Sectional Data - Answers data collected at the same or approximately the same point in time.

Time Series Data - Answers consists of a single variable collected over several equally distant time
periods

Frequency Distributions - Answers A tabular summary of data showing the frequency (or number) of
items in each of several non-overlapping classes.

Relative Frequency Distribution - Answers A tabular summary showing the relative frequency for each
class.



Relative Frequency Distribution:

Frequency of the class/n



n = the # of observations in the data set

Percent Frequency Distributions - Answers A tabular summary showing the percent frequency of the
data for each class.



% Frequency of a class = relative frequency X 100%

Bar Charts - Answers A graphical device for depicting categorical data summarized in a frequency,
relative frequency or percent frequency distribution.

Pareto Diagram - Answers A bar chart where the bars are arranged in descending order of height from
left to right. (The most frequently occurring category appears first)

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