Categorical variables Study guides, Class notes & Summaries

This is a bizarre question. It never mentions that the financial savings should be reported at the annual level. However, that's a reasonable assumption to make. $7,500 * 12 months = $90, 000. A shoe manufacturing firm learned through a Lean Six Sigma project their boot soles could be made of a different material requiring two less steps in the process. Removal of these two steps yielded a monthly cost savings of $7,500. Therefore the reported financial savings for this LSS project were: A) $...

MSIS 3223 Exam 1 Questions and Answers (Graded A) Which of the following ways would 10 raised to the power of 2 x 5 raised to the power of 3/100 - 73 be represented in an excel spreadsheet? - ANSWER-10^2^5^3 / 100 - 73 Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in excel? - ANSWER-A relative address uses just the row and column label in the cell reference; an absolute address uses a dollar sign before either the row or...

Characteristics of Quantitative Research numerical data (quantity); hypothesis & research procedure are stated BEFORE data collection; large sample size; rely on statistical procedure; low interaction with subjects; rely on controlling, measuring, and generalizing; objective by nature Quantitative Methods/Designs survey research; correlational research; causal comparative; experimental; single subject experimental Sampling techniques for quantitative research simple random; stra...

Solution Manual For Essentials of Modern Business Statistics with Microsoft Excel 8th Edition, Anderson | All Chapters | Complete Latest Guide. Chapter 1 Data and Statistics Learning Objectives 1. Obtain an appreciation for the breadth of statistical applications in business and economics. 2. Understand the meaning of the terms elements, variables, and observations as they are used in statistics. 3. Obtain an understanding of the difference between categorical, quantitative, cross-section...

Individual correct answer: Person or thing described by a data set Variable correct answer: any characteristic of an individual (usually varies from one individual to another) Categorical variable vs Quantitative variable correct answer: Categorical (qualitative) variable: places each individual into ONE of several groups (can even be a number range; e.g. age, zip code) ***ALWAYS USE BAR GRAPH FOR CATEGORICAL VARIABLES*** Quantitative variable: numerical values ***for which it makes ...

TEST BANK FOR THEORIES OF PERSONALITY UNDERSTANDING PERSONS, 7TH EDITION, SUSAN CLONINGER, Theories of Personality, 7e (Cloninger) Chapter 1 Multiple Choice 1) Psychology attempts to understand human nature using the method of A) science. B) literature. C) intuition. D) philosophy. Answer: A Difficulty Level: Easy Skill Level: Understand the Concepts Learning Objective: 1.1 Topic: Psychology as science p. 2 2) What is personality, according to your text? ...

statements that are true about statistics - Answer-- used to organize and summarize data -used to interpret info -must be handled responsibly what are statistics - Answer-mathematic field that allows us to organize, summarize, describe and interpret different forms of information 3 reasons why stats are important - Answer-- allow data to be discribed and communicated succinctly and concisely -allow inference to be drawn about data, especially when it is not feasible to collect info from...

Solution Manual For Essentials of Modern Business Statistics with Microsoft Excel 8th Edition, Anderson | All Chapters | Complete Latest Guide. Chapter 1 Data and Statistics Learning Objectives 1. Obtain an appreciation for the breadth of statistical applications in business and economics. 2. Understand the meaning of the terms elements, variables, and observations as they are used in statistics. 3. Obtain an understanding of the difference between categorical, quantitative, cross-section...

Levels of Measurement: Nominal Correct Answer-NAMES, LABELS, CATEGORIES Cannot be arranged in an ordering scheme (i.e., low to high) (e.g., eye colors) Nominal measurement can be categorical: dichotomous Correct Answer-two options i.e. yes or no ex: do they have gestational diabetes? yes or no? Nominal measurement: categorical Correct Answer-more than 1 category ex: looking at gestational diabetes, type 1, type 2 True or false: nominal measurement must be mutually exclusive Correct ...

What are the categorical variables? correct answer: Nominal and ordinal What are the continuous variables? correct answer: Interval and ratio What are the levels of measurement? correct answer: Categorical and Continuous variables What is Nominal? correct answer: Lowest level Organized in CATEGORIES Cannot be compared and are mutually exclusive Ex: gender, ethnicity, marital status, diagnosis What is the order of the levels of measurement? correct answer: Nominal, ordin...