Cob 191 - Study guides, Class notes & Summaries

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: h...

COB 191 Exam 1 Questions with Complete Solutions

data Correct Answer-values assigned to measurements primary data Correct Answer-adv: collected and orgainzed by user dis: expensive and time consuming secondary data Correct Answer-adv: readily available dis: no control over organization and accuracy nominal data Correct Answer--arbitrary labels -no ranking -name/label ordinal data Correct Answer--ranking exists -no measurable meaning to numerical differences -order/choices interval data Correct Answer--

COB 191 Exam 1 (2023/2024) Already Graded A data values assigned to measurements primary data adv: collected and orgainzed by user dis: expensive and time consuming secondary data adv: readily available dis: no control over organization and accuracy nominal data -arbitrary labels -no ranking -name/label ordinal data -ranking exists -no measurable meaning to numerical differences -order/choices interval data -meaningful differences -no true value of zero -gives orders of values AND ability t...

COB 191 final UPDATED Exam Questions and CORRECT Answers qualitative data - CORRECT ANSWER- descriptive terms quantitative data - CORRECT ANSWER- described by numeric values qualitative data classifications - CORRECT ANSWER- nominal and ordinal quantitative data classifications - CORRECT ANSWER- interval and ratio

COB 191 Final Test Questions with Correct Answers Data - Answer-Values assigned to objects/observations Information - Answer-Data that is transformed into useful facts for decision making Primary Data - Answer-Data collected by you for personal use Secondary Data - Answer-Data collected by others Bias - Answer-Question is stated in a way that encourages a specific answer Qualitative Data - Answer-Descriptive terms Quantitative - Answer-Numerical values Either counted or meas...

Qualitative Data Either nominal or ordinal information about qualities; information that can't actually be measured. example: color of eyes Quantitative Interval or ratio information about quantities; that is, information that can be measured and written down with numbers. example: height, shoe size Nominal Data category label for data with no ranking example: zip code, phone number, name of professor or instructor

COB 191 Final Test Questions with Correct Answers Data - Answer-Values assigned to objects/observations Information - Answer-Data that is transformed into useful facts for decision making Primary Data - Answer-Data collected by you for personal use Secondary Data - Answer-Data collected by others Bias - Answer-Question is stated in a way that encourages a specific answer Qualitative Data - Answer-Descriptive terms Quantitative - Answer-Numerical values Either counted or meas...

DataValues assigned to objects/observations InformationData that is transformed into useful facts for decision making Primary DataData collected by you for personal use Secondary DataData collected by others BiasQuestion is stated in a way that encourages a specific answer Qualitative DataDescriptive terms QuantitativeNumerical values Either counted or measured

COB 191 Final Exam Questions with Correct Answers statistics - Answer-mathematical science that deals with the collection, analysis, and presentation of data, which can then be used as a basis for the inference and induction how business use statistics - Answer-marketing research, advertising, operations, and finance & economics data - Answer-values assigned to observations or measurements information - Answer-data that are transformed into useful facts that can be used for a specific ...