100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Business Analytics Camm Midterm (Ch. 2, 3, 6, & 7) Study Guide. $10.49   Add to cart

Exam (elaborations)

Business Analytics Camm Midterm (Ch. 2, 3, 6, & 7) Study Guide.

 6 views  0 purchase
  • Course
  • Business Analytics
  • Institution
  • Business Analytics

©SIRJOEL EXAM SOLUTIONS 10/3/2024 9:54 PM Business Analytics Camm Midterm (Ch. 2, 3, 6, & 7) Study Guide. Data - answerThe facts and figures collected, analyzed, summarized for presentation and interpretation Variable - answerA characteristic of quantity of interest that can take on differen...

[Show more]

Preview 2 out of 8  pages

  • October 15, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business Analytics
  • Business Analytics
avatar-seller
sirjoel
©SIRJOEL EXAM SOLUTIONS
10/3/2024 9:54 PM



Business Analytics Camm Midterm (Ch. 2, 3,
6, & 7) Study Guide.




Data - answer✔The facts and figures collected, analyzed, summarized for presentation and

interpretation


Variable - answer✔A characteristic of quantity of interest that can take on different values


Observation - answer✔A set of values corresponding to a set of variables


Variation - answer✔Differences in values of a variable over observations


Random (uncertain) variable - answer✔A quantity whose values are not known with certainty


Population - answer✔The set of all elements of interest in a particular study


Sample - answer✔A subset of the population


Random sampling - answer✔The act of collecting a sample that ensures that (1) each element

selected comes from the same population and (2) each element is selected independently

, ©SIRJOEL EXAM SOLUTIONS
10/3/2024 9:54 PM


Quantitative data - answer✔Data where numerical values are used to indicate magnitude, such as

how many or how much. Arithmetic operations such as addition, subtraction, and multiplication

can be performed on quantitative data


Categorical data - answer✔Data where categories of like items are identified by labels or names.

Arithmetic operations cannot be performed on categorical data


Cross-sectional data - answer✔Data collected at the same or approximately the same point in

time


Time-series data - answer✔Data that are collected over a period of time (minutes, hours, days,

months, years, etc)


Frequency distribution - answer✔A tabular summary of data showing the number (frequency) of

data values in each of several non-overlapping bins


Bins - answer✔The non-overlapping groupings of data used to create a frequency distribution.

Bins for categorical data are also known as classes


Relative frequency distribution - answer✔A tabular summary of data showing the fraction or

proportion of data values in each of several non-overlapping bins


Percent frequency distribution - answer✔A tabular summary of data showing the percentage of

data values in each of several non-overlapping bins

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 sirjoel. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 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
$10.49
  • (0)
  Add to cart