UCF FINAL QMB 3200 STACEY BROOK QUESTIONS AND ANSWERS 100% ACCURATE
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UCF QMB 3200 STACEY BROOK
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UCF QMB 3200 STACEY BROOK
UCF FINAL QMB 3200 STACEY BROOK QUESTIONS AND ANSWERS 100% ACCURATEUCF FINAL QMB 3200 STACEY BROOK QUESTIONS AND ANSWERS 100% ACCURATEUCF FINAL QMB 3200 STACEY BROOK QUESTIONS AND ANSWERS 100% ACCURATEIMPORTANT PRACTICE TEST INFORMATION!!!!
This may be even more helpful than this quizlet!!!!
...
UCF FINAL QMB 3200 STACEY BROOK
QUESTIONS AND ANSWERS 100%
ACCURATE
IMPORTANT PRACTICE TEST INFORMATION!!!!
This may be even more helpful than this quizlet!!!!
In mindtap go to the left-hand toolbar, select courses, and select this course.
You should see a dashboard with the chapters on the left and your recent homework
scores on the right.
Then on chapter 1 click the down arrow to display all of the sub categories.
You should see the last sub category it is chapter 1 review and assignments- click on
this then click chapter 1 test prep.
This will take you to a page where you can create your own test!
What you should do is go to the modules- he lists the textbook sections to read- select
these sections on the practice test- only practice conceptual questions.
These questions are confusing and difficult so far- so it seems like the perfect way to
practice!!! Manifesting amazing grades for you all and good luck! - ANSWER-
Dataset - ANSWER-all the data collected for a particular analysis
Data - ANSWER-The facts & figures collected, analyzed, and summarized for
presentation and interpretation.
Element - ANSWER-The entity on which data is collected.
Variable - ANSWER-a characteristic of interest of an element.
Observation - ANSWER-The variables associated with an individual element.
Categorical Data - ANSWER-Use numeric or ordinal values of measurement of
categories.
Quantitative Data - ANSWER-use numeric (quantitative) measures
Cross-sectional Data - ANSWER-data collected at a similar point in
time.
Time Series - ANSWER-data collected over several time periods.
,Panel Data - ANSWER-combination of cross-sectional and time series data.
Descriptive Statistics - ANSWER-Describes data or variables
Population - ANSWER-Is the set of all data/variables of a statistical analysis.
Sample - ANSWER-is a subset of the population
Statistical Inference: - ANSWER-Uses data from a sample to make estimates and test
hypothesis about the characteristics of a population.
What does row 1 usually contain in Excel? - ANSWER-Typically contains the variable's
names.
What does Column A usually contain in Excel? - ANSWER-contains the elements; and
the rest of the
worksheet contains the data in the dataset.
How do you calculate the mean in excel? - ANSWER-=Average
How do you calculate the median in excel? - ANSWER-=median
What is data analytics? - ANSWER-the scientific process of transforming data
for decision making. There are three broad areas of
data analytics.
Descriptive Analytics - ANSWER-describe what has happened in the past.
Predictive Analytics - ANSWER-uses statistical models from
past data to predict the future [forecasting] or access
the impact of one variable on another [inference].
Prescriptive Analytics - ANSWER-uses models seeking to find a best (optimal) solution.
Often these are sometype of optimization model.
The difference between data and big data are - ANSWER-We will use data (not big
data)
1. Volume - the number of observations.
2. Velocity - the speed at which data is collected.
3. Variety - the forms of data are of different types.
4. Veracity - the reliability of the data generated.
Data Mining - ANSWER-Focuses on extracting predictive information from big
data.
, Frequency Distribution - ANSWER-a tabular summary of datashowing the number (i.e.
frequency) of observationsin each of several non over-lapping categories.
Relative Frequency - ANSWER-frequency of a class/ n of a class
Percent Frequency - ANSWER-relative frequency x 100
Bar Chart: - ANSWER-a visual display of frequency; relative
frequency & percent frequency distributions.
How would you make a frequency table in excel? - ANSWER-a. Select any cell in
Column A
b. Click Insert on the Ribbon Tab
c. In Tables, click Recommend Pivot Tables
d. Click OK.
pie chart - ANSWER-a visual display of frequency; relative frequency & percent
frequency distributions.
Cumulative Distributions - ANSWER-Presents the number of data items with values less
than or equal to the upper-class limit for each class
cumulative relative frequency distribution - ANSWER-A cumulative relative frequency
distribution shows the proportion of data items with values less than or equal to the
upper limit of each class.
cumulative percent frequency distribution - ANSWER-A cumulative percent frequency
distribution shows the percentage of data items with values less than or equal to the
upper limit of each class.
How would you create a bar chart in excel? - ANSWER-a. Select any cell from A1 to
A51.
b. Click the Insert tab from the Ribbon.
c. In Charts, click Recommended Charts
d. Click OK. [bar chart appears in a new worksheet]
What are the basic steps to using excel? - ANSWER-Access the data, Functions &
formulas, Apply tools, Editing options
A frequency distribution with quantitative data mustdefine the classes for a frequency
distribution by: - ANSWER-a. determine the number of non over-lapping
classes;
b. determine the width of each class;
c. determine the class limits.
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