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MIS 301 Exam 1 Questions with complete solution 2024 $13.49   Add to cart
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MIS 301 Exam 1 Questions with complete solution 2024

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MIS 301 Exam 1 Questions with complete solution 2024 Statistics - correct answer the art and science of collecting, analyzing, presenting, and interpreting data Data - correct answer the facts and figures that are collected, analyzed, and summarized for presentation and interpretation El...

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  • August 27, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • MIC 301
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MIS 301 Exam 1
Statistics - correct answer ✔the art and science of collecting, analyzing,
presenting, and interpreting data


Data - correct answer ✔the facts and figures that are collected, analyzed,
and summarized for presentation and interpretation


Elements - correct answer ✔the entities on which data are collected


Variable - correct answer ✔an attribute or characteristic of an entity


Observation - correct answer ✔the set of measurements for a particular
event


Nominal - correct answer ✔data are labels or names (gender, ethnicity,
political party affiliation)


Ordinal - correct answer ✔data have the properties of nominal data and can
be ordered in some meaningful way (hotel quality rating, membership: gold
platinum, silver)


Interval - correct answer ✔data have the properties of ordinal data and equal
distances on the scale represent equal amounts being measured (SAT
scores, temp in Celsius)


Ratio - correct answer ✔data have the properties of interval data and contain
an absolute zero value resulting in meaningful ratios (revenue, sales, # of
transactions)

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