MAT 133 Module One Chapters 1-2 Exam Questions with
Verified Answers
Statistics - CORRECT ANSWER is the science of collecting, organizing, interpreting,
and presenting data.
Data Science - CORRECT ANSWER a trilogy of tasks involving data modeling,
analysis, and decision making.
Statistic - CORRECT ANSWER is a single measure, reported as number, used to
summarize a sample data set.
Descriptive Statistics - CORRECT ANSWER refers to the collection, organization,
presentation , and summary of data (either using charts and graphs or using a
numerical summary)
Inferential Statistics - CORRECT ANSWER Refers to the generalizing from a sample
to a population, estimating unknown population parameters, drawing
conclusions, and making decisions.
Customer Relationship Management (CRM) - CORRECT ANSWER Many companies
use CRM to analyze customer data from multiple sources. With statistical and
analytics tools such as correlation and data mining, they identify needs of
different customer groups and this helps them market their products and services
more effectively.
Time Series Data - CORRECT ANSWER If each observation in the sample
represents a different equally spaced point in time (years, months, days). we have
time series data
Observation - CORRECT ANSWER is a single member of a collection of items that
we want to study, such as a person, firm or region. An example of an observation
is an employee or an invoice mailed last month.
Variable - CORRECT ANSWER is a characteristic of the subject or individual, such
as an employee's income or an invoice amount.
Verified Answers
Statistics - CORRECT ANSWER is the science of collecting, organizing, interpreting,
and presenting data.
Data Science - CORRECT ANSWER a trilogy of tasks involving data modeling,
analysis, and decision making.
Statistic - CORRECT ANSWER is a single measure, reported as number, used to
summarize a sample data set.
Descriptive Statistics - CORRECT ANSWER refers to the collection, organization,
presentation , and summary of data (either using charts and graphs or using a
numerical summary)
Inferential Statistics - CORRECT ANSWER Refers to the generalizing from a sample
to a population, estimating unknown population parameters, drawing
conclusions, and making decisions.
Customer Relationship Management (CRM) - CORRECT ANSWER Many companies
use CRM to analyze customer data from multiple sources. With statistical and
analytics tools such as correlation and data mining, they identify needs of
different customer groups and this helps them market their products and services
more effectively.
Time Series Data - CORRECT ANSWER If each observation in the sample
represents a different equally spaced point in time (years, months, days). we have
time series data
Observation - CORRECT ANSWER is a single member of a collection of items that
we want to study, such as a person, firm or region. An example of an observation
is an employee or an invoice mailed last month.
Variable - CORRECT ANSWER is a characteristic of the subject or individual, such
as an employee's income or an invoice amount.
