Exam 9: Numbers, Comparisons, and Calculations

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How is the term "risk" defined in the context of quantitative research?

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Among 2,000 widgets produced by a manufacturing company in 2 hr, seven widgets are found to be defective, on average. What is the defective rate of widgets per 2,000 units produced?

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Which of the following measures is used for auto insurance claims made in the year 2020 by policyholders of an insurance company?

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Provide an example that distinguishes "incidence" from "prevalence." Explain the two terms with the help of your example.

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When reporting a percentage change, the base value should also be stated.

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Why is a ratio usually a better calculation than a simple difference?

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In your own words, define the term "risk" in the context of research. Illustrate with an example.

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Magnitude of risks that differ by context are usually reported as relative risks.

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A "percentage of" expresses the numerator as a percent of which value?

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Discuss the plausibility of values for the calculations you chose in Question 2. What effect does the topic or context have on the plausible values?

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Level of measurement of a variable could also be termed as the "level" of the variable.

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Under what situation is an absolute difference between two values at two time points not a good measure?

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The direction of association between two values can be determined for an interval variable but not for an ordinal variable.

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What is the difference between a percent change and a percent difference?

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The units of "rank" are the position numbers in an ordered list, and not the units of the variable values in the list.

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In which case could the highest rank number be less than the total number of values in a sorted list?

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The topic or context has minimal effect on plausible values for which of the following measures?

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What does a ratio greater than 1 indicate?

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The annual gross revenue of a local pharmacy store in Key West, FL, dropped from $2,132,000 in 2018 to $1,608,050 in 2019. What is the comparison ratio of revenue with respect to 2019?

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Darryl scored 85 in a math test, whereas Peter scored 32 on the same test. What is the percent difference in score for Peter?

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