Quantitive data - Study guides, Class notes & Summaries

Inductive Reasoning - Answer- Developing generalizations based on observation of a limited number of related events or experiences. Specifics to generalizations Deductive Reasoning - Answer- Arriving at specific conclusions based on general principles, observations, or experiences. General to specific Scientific Method - Answer- An orderly process that includes recognition and definition of a problem, formulation of a hypothesis, collection of data, analysis of data, and statement of concl...

ATI TEAS 7 Science Test bank Latest Version | Questions and Answers The first four steps of the scientific method are as follows: I. Identify the problem II. Ask Questions III. Develop a hypothesis IV. Collect data and experiment on that data Which of the following is the next step in the scientific method? A. Observe the data B. Analyze the results C. Measure the data D. Develop a conclusion ----Correct Answer----B. Analyze the results What are two types of measurement important in s...

quantitative analysis correct answers scientific approach to managerial decisions, raw data processed to produce meaningful info Quantitive factors correct answers Data calculated numerically ex: interest rate, demand Qualitative correct answers non-numerical values/info ex: political/emotional Properties of Quantitative Analysis correct answers decisions can be automated - mainly used within operation management, analytics, supply chain management 3 types of Quant. Analysis correc...

Statistics final wgu academy exam questions and answers Categorical variables that there is no natural order among the categories - Answer- nominal variables Categorical variables where there is natural order among the categories (low-high) - Answer- ordinal variable A measurement which makes sense to talk about the difference between values but not the ratio between values - Answer- interval Quantitive variables where is makes sense to talk about the difference in ratios. (Income, weig...

Statistics final wgu academy exam questions and answers Categorical variables that there is no natural order among the categories - Answer- nominal variables Categorical variables where there is natural order among the categories (low-high) - Answer- ordinal variable A measurement which makes sense to talk about the difference between values but not the ratio between values - Answer- interval Quantitive variables where is makes sense to talk about the difference in ratios. (Income, weig...

Statistics final wgu academy exam questions and answers Categorical variables that there is no natural order among the categories nominal variables Categorical variables where there is natural order among the categories (low-high) ordinal variable A measurement which makes sense to talk about the difference between values but not the ratio between values interval Quantitive variables where is makes sense to talk about the difference in ratios. (Income, weight) ratio Valu...

Statistics final wgu academy exam questions and answers Categorical variables that there is no natural order among the categories nominal variables Categorical variables where there is natural order among the categories (low-high) ordinal variable A measurement which makes sense to talk about the difference between values but not the ratio between values interval Quantitive variables where is makes sense to talk about the difference in ratios. (Income, weight) ratio Valu...

What level of measurement is temperature measured on the Fahrenheit scale? correct answers Interval What level of measurement is an automobile license plate number? correct answers Nominal What level of measurement is income earned this week at your job? correct answers Ratio What level of measurement are the top 3 airline companies in U.S.? correct answers Ordinal Voting behavior in Lee County in each election for the past 4 years. correct answers Time series data Number of stude...

MNM 3702 MARKETING RESEARCH EXAM WITH QUESTIONS AND WELL VERIFIED ANSWERS[GRADED A+] ACTUAL EXAM 100% Differnce between marketing and research problem - ANS---Research problem is a redefinition of the marketing problem. Marketing problems covers what has to be done. Research problem determines what information is needed to make a decision that will solve the marketing problem. Opinions - ANS--- Motives - ANS--- Levels of awareness - ANS--- Facts - ANS--- External secondary data ...

Mat-133 Exam Questions and Answers 100% Solved | Graded A+ The proportion of observations that occur in each bin - A relative frequency distribution for quantitive data identifies? Axes should be clearly labeled. Axes that are numerical should be the appropriate scale. Novelty graphs such as pyramid charts introduce ambiguity. - There are several guidelines that one should follow when creating graphs. Which of the following describes these guidelines? Bins should have equal interval wid...