Exam 1: Data and Business Decisions

Data can be distorted by ________.

A ________ refers to all the items of interest for a particular decision or investigation.

Outcomes such as communication effectiveness,environmental and regulatory compliance,and organizational citizenship would be considered ________ outcomes.

In Microsoft Excel,the function that looks up a value in a table is ________.

Salary would be an example of ________ data.

Which of the following is the best chart for displaying a comparison between house size (in square feet)versus the home market value (in dollars)?

Outcomes such as customer satisfaction and dissatisfaction,complaints and complaint resolution,and customer perceived value would be considered ________ outcomes.

Discrete data are usually easier to capture and record,but provide less information than continuous data.

Obtaining ratio data is usually more expensive than obtaining categorical data.

Data that is sorted into categories according to specified characteristics are called ________ data.

A(n)________ refers to a subset of a population.

The act of obtaining data associated with a metric is called ________.

One of the most overlooked concepts in management decision making is ________.

Which of the following is the best chart for displaying U.S.exports to Europe over 20 years (in billions of dollars)?

Outcomes such as absenteeism,turnover,safety,training effectiveness,and leadership development would be considered ________ outcomes.

Data are rarely used in the business environment as firms prefer using information.

In Microsoft Excel,the chart that compares the percentage that each value contributes to a total is called a ________.

Numerical facts and figures that are collected through some type of measurement process are called ________.

A metric that is derived from counting something is called a(n)________ metric.

The three major components of statistical methodology are ________.