Exam #1- Business Analytics with 100% Correct Answers

statistics - Answer-both the science of uncertainty and the technology of extracting information from data statistics - Answer-involves collecting, organizing, analyzing, interpreting, and presenting data a statistic - Answer-a summary measure of data is? descriptive statistics - Answer-refers to methods of describing and summarizing data using tabular, visual, and quantitative techniques metric - Answer-a unit of measurement that provides a way to objectively quantify performance measurement - Answer-the act of obtaining data associated with a metric measures - Answer-numerical values associated with a metric discrete metric - Answer-Metric that is derived from counting something continuous metrics - Answer-based on a continuous scale of measurement continuous metrics examples - Answer-any metrics involving dollars, length, time, volume, or weight categorical (nominal) data - Answer-sorted into categories according to specified characteristics ordinal data - Answer-can be ordered or ranked according to some relationship to one another interval data - Answer-ordinal but have constant differences between observations and have arbitrary zero points ratio data - Answer-continuous and have a natural zero frequency distribution - Answer-a table that shows the number of observations in each of several nonoverlapping groups