BUS 232 SFU Questions with complete
solution 2025/2026
Population - correct answer ✔collection of values from all members of a group of interest
Sample - correct answer ✔portion of the population selected for measured analysis
Parameter - correct answer ✔numerical measure that describes a characteristic of a population
statistic - correct answer ✔a numerical measure that describes a characteristic of a sample
variable - correct answer ✔characteristic of an item or individual used when analyzing using a statistical
method
data - correct answer ✔different values associated with a variable
operational definitions - correct answer ✔accepted meanings that are clear to all associated with an
analysis
descriptive stats - correct answer ✔collecting, summarizing, presenting and analyzing data
inferential stats - correct answer ✔drawing conclusions about a population based only on sample data
census - correct answer ✔a survey of an entire population
, Primary data - correct answer ✔information that is collected for the first time; used for solving the
particular problem under investigation
secondary data - correct answer ✔information that already exists somewhere, having been collected
for another purpose
Categorial data - correct answer ✔defined categories eg. marital status
discrete numerical data - correct answer ✔counted values, whole numbers, variables can only take
specific values, eg. number of children
continuous numerical data - correct answer ✔measured values, any value is possible within a certain
range, not groups off, eg. weight, money
ratio level data - correct answer ✔differences between measurements, true 0 exits, highest level
interval level data - correct answer ✔differences between measurements is measured but no absolute
0, intermediate level
ordinal level data - correct answer ✔ordered categories (ranking, order, scaling), intermediate level
nominal level data - correct answer ✔categories, no ordering or direction, lowest level
central tendency - correct answer ✔measure that describes a typical or central value of a distribution
arithmetic mean - correct answer ✔most common, average value, affected by extreme values
solution 2025/2026
Population - correct answer ✔collection of values from all members of a group of interest
Sample - correct answer ✔portion of the population selected for measured analysis
Parameter - correct answer ✔numerical measure that describes a characteristic of a population
statistic - correct answer ✔a numerical measure that describes a characteristic of a sample
variable - correct answer ✔characteristic of an item or individual used when analyzing using a statistical
method
data - correct answer ✔different values associated with a variable
operational definitions - correct answer ✔accepted meanings that are clear to all associated with an
analysis
descriptive stats - correct answer ✔collecting, summarizing, presenting and analyzing data
inferential stats - correct answer ✔drawing conclusions about a population based only on sample data
census - correct answer ✔a survey of an entire population
, Primary data - correct answer ✔information that is collected for the first time; used for solving the
particular problem under investigation
secondary data - correct answer ✔information that already exists somewhere, having been collected
for another purpose
Categorial data - correct answer ✔defined categories eg. marital status
discrete numerical data - correct answer ✔counted values, whole numbers, variables can only take
specific values, eg. number of children
continuous numerical data - correct answer ✔measured values, any value is possible within a certain
range, not groups off, eg. weight, money
ratio level data - correct answer ✔differences between measurements, true 0 exits, highest level
interval level data - correct answer ✔differences between measurements is measured but no absolute
0, intermediate level
ordinal level data - correct answer ✔ordered categories (ranking, order, scaling), intermediate level
nominal level data - correct answer ✔categories, no ordering or direction, lowest level
central tendency - correct answer ✔measure that describes a typical or central value of a distribution
arithmetic mean - correct answer ✔most common, average value, affected by extreme values
