MIS 301 O'Byrne Chapter 1: Data and
Statistics
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
element.
Scales of Measurement (4) - correct answer ✔1. Nominal: data are labels or
names. (can't put in an order)
2. Ordinal: The data have the properties of nominal data and can be ordered
in some meaningful way.
3. Interval: The data have the properties of ordinal data and equal distances
on the scale represent equal distances being measured.
4. Ratio: The data have the properties of interval data and contain an absolute
zero value resulting in meaningful ratios.
Qualitative Data vs. Quantitative Data - correct answer ✔-Qualitative data
use labels or names to describe an attribute of an element.
-Quantitative data indicates how much or how many.
Statistics
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
element.
Scales of Measurement (4) - correct answer ✔1. Nominal: data are labels or
names. (can't put in an order)
2. Ordinal: The data have the properties of nominal data and can be ordered
in some meaningful way.
3. Interval: The data have the properties of ordinal data and equal distances
on the scale represent equal distances being measured.
4. Ratio: The data have the properties of interval data and contain an absolute
zero value resulting in meaningful ratios.
Qualitative Data vs. Quantitative Data - correct answer ✔-Qualitative data
use labels or names to describe an attribute of an element.
-Quantitative data indicates how much or how many.
