Categorial variable - Study guides, Class notes & Summaries
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BSAN 160 Exam Questions and Answers
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BSAN 160 Exam Questions and Answers 
 
Enterprise Resource Planning (ERP) Systems - Answer-a software system that integrates information from across the entire company and facilitates sharing of the data throughout the firm 
 
Structured Data - Answer-easier for computers: categorial or numerical 
 
Categorial Data - Answer-classify information into categories; nominal and ordinal 
 
Numerical Data - Answer-if meaningful arithmetic can be performed on it; interval, ratio 
 
Nominal Data - Answe...
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Stats 201 Exam 1 utk (Chapters 1-8)
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categorial variable - Answer- any variable that can put in to groups. Examples include gender, class in school and color 
 
quantative variable - Answer- actual real numbers. This means if it is 2 it actually means 2 something. Examples include age, weight, and GPA. 
 
identifier variable - Answer- records a unique value for each case, used to name or identify it 
 
bar chart - Answer- A categorical univariate display of data that puts the counts in to bins that look like bars. The bars have no ...
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BUAL 2600 Test 1 Auburn Questions And Answers With Verified Solutions
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Probability sampling - ️️Sampling where we know the chance that each element in 
the population will be included in the sample 
Judgement sampling - ️️Samples in which a person who is extremely 
knowledgeable about the population selects population elements he or she feels are 
most representative 
Data - ️️Facts and figures from which conclusions can be drawn 
Data set - ️️The data that are collected for a particular study 
Elements - ️️May be people, objects, events, or oth...
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STAT101 Key PASSED Exam Questions and CORRECT Answers
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Individuals Objects described by a set of data, Can be people or animals or things 
Variable Characteristics of an individual. Can take diff values for diff individuals 
Categorial Variable Place an individual into one or several groups or categories ie. 
quantities 
Quantitative Variable Takes # of values so that it can be used for averages/means. 
Usually recorded with unit of measurement 
Distribution of a Variable - Tells what values it takes and how often 
- Values are labels for categori...
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WGU Data Driven Decision Making Pre- Assessment with Guaranteed Accurate Answers
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Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? - correct answer Prescriptive 
 
What are two reasons for increasing the use of analytics in organizational decision making? - correct answer 1. Relatively lower cost of computer storage 
2. Higher computer processing power 
 
How does probability theory inform decision making for managers? - correct answer By quantifying risk 
 
Which type of dat...
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AP Stat - Chapters 1-4 - Multiple Choice - Cumulative Test 2023/2024 already passed
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AP Stat - Chapters 1-4 - Multiple Choice - Cumulative Testthe following histogram represents the distribution of acceptance rates (% accepted) among 25 business schools in 1997, what % of schools have an acceptance rate above 40% - correct answer know how to read a histogram (variable vs. freq, fraction -> %) 
 
you want to use numerical summaries to describe a distribution that is strongly skewed to the left, which combination of measure of center and spread would be the best to use (mean an...
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Business Analytics Exam -Chapters 1-3 with Correct Answers
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Chapter 1 - Answer-Data & Statistics 
 
Statistics - Answer-The art and science of collecting, analyzing, presenting, and interpreting data. 
 
statistics refers to - Answer-numerical facts such as averages, medians, percentages, and maximums that help us understand a variety of business and economic situations. 
 
Data - Answer-The facts and figures collected, analyzed, and summarized for presentation and interpretation. 
 
Data Set - Answer-All the data collected in a particular study. 
 
Elem...
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BANA 2372 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT
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BANA 2372 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT 
 
 
statistical interference - Answer-The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population. 
 
-exp: In a sample of 800 students in a university, 160, or 20%are Business majors. the school reported "20% of all students at the university are Business majors". 
 
Variance - Answer-The descriptive measure NOT measured in the same units as the original data 
 
Excel's...
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WGU Data Driven Decision Making Pre Assessment (Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate)
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WGU Data Driven Decision Making Pre Assessment 
Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term 
can be used to describe managerial decisions? -Prescriptive 
What are two reasons for increasing the use of analytics in organizational decision making? - 
1. Relatively lower cost of computer storage 
2. Higher computer processing power 
How does probability theory inform decision making for managers? -By quantifying risk 
Which type of data ...
-
AP Stat - Chapters 1-4 - Multiple Choice - Cumulative Test question and answers graded A+
- Exam (elaborations) • 10 pages • 2023
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Available in package deal
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- $17.99
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AP Stat - Chapters 1-4 - Multiple Choice - Cumulative Testthe following histogram represents the distribution of acceptance rates (% accepted) among 25 business schools in 1997, what % of schools have an acceptance rate above 40% - correct answer know how to read a histogram (variable vs. freq, fraction -> %) 
 
you want to use numerical summaries to describe a distribution that is strongly skewed to the left, which combination of measure of center and spread would be the best to use (mean an...
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