QMB 3200 - UCF FINAL STUDY -
MODULE 1 QUESTIONS AND
ANSWERS
Data - Correct Answers -facts and figures collectively, analyzed, summarized for
presentation and interpretation.
Data set - Correct Answers -all the data collected for a particular analysis
Elements - Correct Answers -entities on which data are collected. (COLUMN A, United
States, China, Brazil)
Variable - Correct Answers -A characteristic of interest of an element. (COLUMN B,C,D
AND E, wto status, per capita gdp, fitch rating, fitch outlook)
Observation - Correct Answers -Set of measurements obtained for a particular element.
(the variables associated with an individual element) = elements + variables
Sample - Correct Answers -is a subset of the population, individual set of a
data/variable
Statistical Inference - Correct Answers -uses data from a sample to make estimates and
test hypothesis about the characteristics of a population
Nominal scale - Correct Answers -when the data for a variable consists of labels or
names used to identify an attribute of the element, or the scale of measurement.
Categorical - Correct Answers -use numeric or ordinal values of measurement of
categories.
Quantitative - Correct Answers -use numeric (quantitative) measures.
Cross sectional data - Correct Answers -data collected at the same or approximately the
same point in time.
MODULE 1 QUESTIONS AND
ANSWERS
Data - Correct Answers -facts and figures collectively, analyzed, summarized for
presentation and interpretation.
Data set - Correct Answers -all the data collected for a particular analysis
Elements - Correct Answers -entities on which data are collected. (COLUMN A, United
States, China, Brazil)
Variable - Correct Answers -A characteristic of interest of an element. (COLUMN B,C,D
AND E, wto status, per capita gdp, fitch rating, fitch outlook)
Observation - Correct Answers -Set of measurements obtained for a particular element.
(the variables associated with an individual element) = elements + variables
Sample - Correct Answers -is a subset of the population, individual set of a
data/variable
Statistical Inference - Correct Answers -uses data from a sample to make estimates and
test hypothesis about the characteristics of a population
Nominal scale - Correct Answers -when the data for a variable consists of labels or
names used to identify an attribute of the element, or the scale of measurement.
Categorical - Correct Answers -use numeric or ordinal values of measurement of
categories.
Quantitative - Correct Answers -use numeric (quantitative) measures.
Cross sectional data - Correct Answers -data collected at the same or approximately the
same point in time.
