100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BUS 201 Exam 1 Questions With Complete Solutions $10.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Simon Fraser University (SFU )
  4.  
  5. BUS 201
  6.  
  7. BUS 201

Exam (elaborations)

BUS 201 Exam 1 Questions With Complete Solutions
 0 purchase
  • Course
  • BUS 201
  • Institution
  • Simon Fraser University (SFU )

descriptive statistics correct answer: methods of organizing, summarizing, and presenting data in an informative way inferential statistics correct answer: A decision, estimate, prediction, or generalization about a population, based on a sample. Population correct answer: a collection of ...

[Show more]

Preview 2 out of 9  pages

Document information

  • July 6, 2023
  • 9
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bus 201 exam 1 questions with complete solutions

Written for

  • Simon Fraser University (SFU )
  • BUS 201
  • BUS 201
All documents for this subject (17)

Seller

avatar-seller
Classroom

Reviews received

Content preview

BUS 201 Exam 1 Questions With
Complete Solutions
descriptive statistics correct answer: methods of organizing,
summarizing, and presenting data in an informative way

inferential statistics correct answer: A decision, estimate,
prediction, or generalization about a population, based on a
sample.

Population correct answer: a collection of all possible
individuals, objects or measurements of interest

sample correct answer: a portion/part of the population of
interest

1. prohibitive cost of census
2. destruction of item being studied may be required
3. not possible to test or inspect all members of a population
being studied correct answer: why take a sample instead of
studying the whole population?

qualitative variable correct answer: the characteristic being
studied is nonnumeric
-ex) gender, eye color, type of automobile owned

quantitative variable correct answer: information is reported
numerically
-ex) balance in your checking account, # of kids in a family

, discrete and continuous correct answer: how are quantitative
variables classified?

discrete variable correct answer: can only assume certain values
and there are usually "gaps" between values
-ex) # of bedrooms in a house, # of hammers sold

continuous variable correct answer: can assume any value
within a specified range
-ex) pressure in tire, height of students in class

nominal level (1) correct answer: data that is classified into
categories/counted and cannot be arranged in any particular
order
-ex) eye color, gender

ordinal level (2) correct answer: data arranged in some order,
but the differences between data values cannot be determined or
are meaningless (ranked)
-classifications are represented by sets of labels/names that have
relative values

interval level (3) correct answer: similar to the ordinal level,
with the additional property that meaningful amounts of
differences between data values can be determined. There is no
natural zero point
-temperature in Fahrenheit, IQ test scores

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.49
  • (0)
Add to cart
Added