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
MIS 301 Question and answers 100% correct 2024 $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. MIC 301
  4.  
  5. MIC 301

Exam (elaborations)

MIS 301 Question and answers 100% correct 2024

 6 views  0 purchase
  • Course
  • MIC 301
  • Institution
  • MIC 301

MIS 301 Question and answers 100% correct 2024 Descriptive Statistics - correct answer - Tabular, graphical, and numerical methods used to summarize (or describe) data - Involves collecting, presenting, and characterizing data Inferential Statistics - correct answer - Process of using samp...

[Show more]

Preview 2 out of 7  pages

Document information

  • August 27, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mis 301
  • mis 301 question and answers 100 correct 2024

Written for

  • MIC 301
  • MIC 301

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

MIS 301 - Exam 1
Descriptive Statistics - correct answer ✔- Tabular, graphical, and numerical
methods used to summarize (or describe) data
- Involves collecting, presenting, and characterizing data


Inferential Statistics - correct answer ✔- Process of using sample data to
draw conclusions or make decisions about the characteristics of the
population
- Two forms:
-Estimation
-Hypothesis testing


Scatter Diagram - correct answer ✔- Graphical representation of the
relationship between two quantitative variables x and y


Covariance - correct answer ✔- measure of the linear association between
two variables
- positive values indicate a positive relationship
- negative values indicate a negative relationship


Correlation Coefficient - correct answer ✔- unit free measure of degree of
linear association between two variables


Chart area - correct answer ✔All area of chart


Plot Area - correct answer ✔region containing the graphical representation of
your data

, Steps to Create a Chart - correct answer ✔- select the data source
- select the chart type
- add and format chart elements
- size and position the chart


column chart - correct answer ✔- displays values in vertical columns where
the height represents the value
- appropriate to compare values across different categories (max 7
categories)


Bar Chart - correct answer ✔- displays values in horizontal bars where the
width represents the value
- similar to column chart, but preferred when category names are long


Line Chart - correct answer ✔- appropriate to show continuous data to depict
trends over time


Pie Chart - correct answer ✔- shows each data point as a proportion to the
whole data series
- represents a single data series only (max 7 slices)
- use it when you want to convey percentage or market share


Scatter Chart - correct answer ✔- good for looking at
relationships/associations between data, regression


Histograms - correct answer ✔- allows you to visually see the frequency of
data in each bin

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 flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64438 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart