QMB 3200 MIDTERM UCF (2025/2026 )Latest Questions with Verified and Correct Answers. Verified by the University of Birmingham

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UCF QMB3200 midterm study guide
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Analytics - Correct-answer-The scientific process of transforming data
into insight for making better decisions.




Descriptive Analytics - Correct-answer-Analytical techniques that
describe what has happened in the past.

Data Mining - Correct-answer-The process of using procedures from
statistics and computer science to extract useful information from
extremely large databases.




Frequency Distribution - Correct-answer-A tabular summary of data
showing the number (frequency) of observations in each of several
nonoverlapping categories or classes.




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Relative Frequency Distribution - Correct-answer-A tabular summary of
data showing the fraction or proportion of observations in each of
several nonoverlapping categories or classes.




Percent Frequency Distribution - Correct-answer-A tabular summary of
data showing the percentage of observations in each of several
nonoverlapping classes.




Predictive Analytics - Correct-answer-Analytical techniques that use
models constructed from past data to predict the future or assess the
impact of one variable on another.




Prescriptive Analytics - Correct-answer-Analytical techniques that yield
a course of action.




Big Data - Correct-answer-A set of data that cannot be managed,
processed, or analyzed with commonly available software in a




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