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Business Analytics Chapter 1(rated 100% correct.
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Business Analytics Chapter 1(rated 100% correct.

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  • August 26, 2024
  • 4
  • 2024/2025
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  • business analytics chapter 1rated 100 correct

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Business Analytics Chapter 1(rated
100% correct.

Data Set ANS - A collection of data. Marketing survey responses, a table of historical stock prices, and a
collection of measurements of dimensions of a manufactured item are examples of data sets.



Database ANS - A collection of related files containing records on people, places, or things.



Entities ANS - The people, places, or things for which we store and maintain information.



Fields or Attributes ANS - A database file that is usually organized in a two-dimensional table, where
columns correspond to each individual element of data.



Measurement ANS - the act of obtaining data associated with a metric.



Measures ANS - numerical values associated with a metric.



Discrete metric ANS - one that is derived from counting something.



Continuous metrics ANS - based on a continuous scale of measurement. Any metrics involving dollars,
length, time, volume, or weight, for example, are continuous.



Categorical (nominal) data ANS - sorted into categories according to specified characteristics.



Ordinal data ANS - ordered or ranked according to some relationship to one another.



Interval data ANS - ordinal but have constant differences between observations and have no natural
zero.

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