Ordinal data - Study guides, Class notes & Summaries

Why do compensation professionals collect & use data? (A) To support personal agendas (B) To respond to stock price volatility (C) To improve changes of making sound decisions (D) To replace the need for modeling - Answer- (C) To improve changes of making sound decisions A true, absolute zero exists for which level of measurement? (A) Nominal (B) Ordinal (C) Interval (D) Ratio - Answer- (D) Ratio Salary is an example of which level of measurement? (A) Nominal (B) Ordinal (...

The main purpose of descriptive statistics is to correct answer: Summarize data in a useful and informative manner Which word is NOT part of the definition of descriptive statistics? correct answer: Predicting A marketing class of 50 students evaluated the instructor using the following scale: superior, good, average, poor, and inferior. The descriptive summary showed the following survey results: 2% superior, 8% good, 45% average, 45% poor, and 0% inferior. correct answer: c. Most stud...

RSC2601 – Research in Social Sciences 1 RSC2601 - Research in the Social Sciences EXAM PREPARATION This document is a compilation of past UNISA exam Questions and Answers, Assignment Questions and Answers, as well as Test Yourself Questions and Answers from Studyguide. Answers are motivated by a combination of: • Page references to the UNISA Study Guide: • Short summaries regarding the relevant topic(s) in question. Past exams covered are: • May/Jun 2011 • Oct/Nov...

Nonparametric tests, categorical and ordinal data Complete Final Quiz Updated Questions and Answers 100% A+ Graded What are parametric tests? - CORRECT ANSWER-t-test, z-test, ANOVA Tests hypotheses regarding population parameter (means) Assumptions: sample is drawn from an approximately normal distribution. Confirm with statistic tests (Shapiro Wilks; Anderson Darling), look at distribution (frequency histogram),some non-normality can be tolerate (robust against departures from normalit...

Test Bank for Marketing Research 12e 12th Edition by Carl McDaniel, Roger Gates. ISBN 6310. Full Chapters test bank included 1 Steps in Creating Market Insights and the Growing Role of Marketing Analytics 1 Marketing Research and Developing Market Insights 1 Marketing Research Defined 2 Importance of Marketing Research to Management 2 Understanding the Ever-Changing Marketplace 3 Social Media and User-Generated Content 3 Proactive Role of Marketing Research 4 Marketing An...

WGU C207 DATA DRIVEN DECISION MAKING FINAL EXAM LATEST 2023-2024 EXAM WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)AGRADE What are two reasons for the increasing use of analytics in organizational decisionmaking?Choose 2 answers. Relatively lower cost of computer storage Lower availability of statistical experts Higher cost of obtaining data Higher computer processing power - ANSWER- Relatively lower cost of computer storage Higher computer processing power H...

Process of Statistics correct answer: 1. ID the research objective 2. Collect data with a purpose, good data 3. describe the data 4. make an Inference population correct answer: all subjects of the data sample correct answer: subset of the data statistics correct answer: 1. science of collecting, organizing, summarizin and analyzing information to draw conclusions or answer a question statistic correct answer: thing, numerical study of a sample papameter correct answer: ...

COB 191 final 2023 Exam Questions And Answers using information obtained from a sample to estimate a characteristic of a population is - ANSWER- inferential stats which of the following can be reduced by proper interviewer training? - ANSWERmeasurement error if you are unsure about one section of data, what type of statistical error can occur? - ANSWER- measurement error What type of data is: your professor's name - ANSWER- qualitative categorical data/nominal What type of data is: ...

Four steps in the process of statistics correct answer: 1. Producing Data 2. Exploratory Data Analysis 3. Probability 4. Inference Categorical variable correct answer: places individuals into one of several groups Two types: nominal and ordinal Quantitative Variable correct answer: represents a measurement or a count Two types: Interval and ratio Nominal Variable correct answer: categorical variables where there is no natural order among the categories Ordinal variable corre...

MAT 150 Final Exam Questions and Answers 2023/2024 - Straighterline. Anais is organizing her rock collection and places each rock in one of three categories: small, medium, or large. This illustrates what level of measurement? Select one: a. nominal b. ordinal c. interval d. ratio Question 2 Incorrect 0.00 points out of 8.33 Flag question Question text Which of the following is an example of a nominal variable? Select one: a. age b. gender c. height d. IQ Question 3 Correct ...