Exam 1: An Introduction to Business Statistics and Analytics

The process of assigning a value of a variable to each element in a data set is called ________.

Data collected for a particular study are referred to as a data ________.

________ is the difference between a numerical descriptor of the population and the corresponding descriptor of the sample.

Which of the following is a type of question used in survey research?

Judgment sampling is an example of convenience sampling.

Prescriptive analytics involve methods used to find anomalies, patterns, and associations in data sets with the purpose of predicting future outcomes.

A ________ is a display of individual measurements versus time.

A quantitative variable can also be referred to as a categorical variable.

Using a nonrandom sample procedure in order to support a desired conclusion is an example of an unethical statistical procedure.

A sampling error can occur because of incomplete information.

If we collect data on the number of wins the Dallas Cowboys earned each of the past 10 years, we have ________ data.

A study is being conducted on the effect of gas price on the number of miles driven in a given month. Residents in two cities, one on the East Coast and one on the West Coast, are randomly selected and asked to complete a questionnaire on the type of car they drive, the number of miles they live from work, the number of children under 18 in their household, their monthly income, and the number of miles they have driven over the past 30 days. List the response variable(s).

Sampling error occurs because a characteristic of a random sample may not exactly equal the population characteristic that we are attempting to estimate.

Transactional data are now used by businesses as part of

If we collect data on the number of wins each team in the NFL had during the 2011-12 season, we have ________ data.

A common practice in selecting a sample from a large geographic area is multistage cluster sampling.

Jersey numbers of soccer players is an example of a(n) ________ variable.

________ occurs when some population elements are excluded from the process of selecting the sample.

A population is a set that includes all elements about which we wish to draw a conclusion.

Daily high temperature in a local community collected over a 30-day time period is an example of cross-sectional data.