Exam (elaborations)
Data Analytics for Accounting
- Course
- Institution
- Book
Data Analytics for Accounting
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
SOLUTION MANUAL for Data Analytics for Accounting, 3rd Edition by Vernon Richardson,Chapters 1 - 9..#Accounting
-
Solution Manual For Data Analytics for Accounting, 3rd Edition Richardson
-
Test Bank for Introduction to Data Analytics for Accounting, 2nd Edition by Vernon Richardson|ultimate guide 100% verified.
Seller
Follow
kushboopatel6867
Reviews received
Content preview
SOLUTION MANUAL For Data Analytics for Accounting, 3rdEdition by Vernon Richardson, Verified Chapters 1 - 9,
Complete Newest Version
What is a population? - ANSWER: Includes all of the entities that are of interest in a
study (people, households, machines)
What is a sample? - ANSWER: a subset of the population, often randomly chosen and
hopefully representative of the population as a whole.
What is a data set? - ANSWER: usually a rectangular array of data, with variables in
columns and observations in rows
What is a variable (or field or attribute)? - ANSWER: A characteristic of elements of a
data set, such as height, gender, or salary - Columns
What is an observation (or case or record)? - ANSWER: a list of all variable values for
a single element of a data set - row
What is continuous data? - ANSWER: Continuous data are not restricted to defined
separate values (always numeric... examples include salary, time, weight, height
When is a variable numerical? - ANSWER: if meaningful arithmetic can be performed
on it.
What are the two types of numeric variables? - ANSWER: discrete and continuous
What us discrete numerical variables? - ANSWER: It is discrete if it results from a
count, such as the # of children.
These numbers do not go out into infinity
What are non-numerical variables called? - ANSWER: categorical
How many types of categorical variables are there? - ANSWER: two
Ordinal
Nominal
What is an ordinal categorical variables ? - ANSWER: if there is a natural ordering of
its possible values
EX: Credit ratings: AAA, AA, BBB
, What are nominal categorical variables? - ANSWER: If there is no natural ordering
EX: U.S. States
What are the three types of data sets? - ANSWER: Cross-sectional
Times series
Panel data
What is a cross-sectional data set? - ANSWER: datasets that contain MULTIPLE
ELEMENTS of a POPULATION at a SINGLE POINT IN TIME.
EX: the assets of each firms in the S&P 500 in the year 2000
What is a time series data set? - ANSWER: datasets are collected over time for a
single element of the population.
EX: the assets of a single firm from the years 2015-2020
What is a panel data - data set? - ANSWER: A cross-sectional and times series
combined
What is the symbol for sample mean? - ANSWER: x̄
What is the symbol for population mean? - ANSWER: μ
What is percentile? - ANSWER: for any percentile p, the pth percentile is the value
such that a percentage p pf all values is less than it
EX: if you are in the 95th percentile, 95% percent of people were less than you
What is a quartile? - ANSWER: dividing the data into four parts, each with
approximately a quarter of all observations
What are the quartile rankings? - ANSWER: Top quartile (1st) = top 25%
Bottom quartile (4th) = bottom 25%
When looking for the top quartile in excel, remember..... - ANSWER: You are looking
for >3 quartiles
AKA greater than the three bottom quartiles
What is an issue with applying mathematical operations when advance filtering in
place? - ANSWER: It will be conducted on all observations even the ones that have
been filtered out
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 kushboopatel6867. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now