Exam 2: Foundational Concepts for Quantitative Research

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What is magnitude of an association?

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What is the definition of the term data?

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A statistical model is developed by a team of researchers who predict the probability of a financial debt going bad after 90 days. The prediction made by the model is based on several variables such as age, education, credit score, and average savings balance of the debtor. Which is the dependent variable in this model?

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With the help of an example, illustrate the difference between data and numbers.

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What distinguishes data from a number or numbers?

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The term "datum" is the singular form of the term "data."

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Which of the following defines the expression "interpret numbers?"

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A research study is conducted on the profitability, that is, net quarterly profit, of small businesses (less than 20 employees) in the township of East Brunswick, NJ, for the year 2019. Identify the variables and constants of the study. Explain your answer.

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The net profit of a fertilizer company fell by 4% from 2018 to 2019. This statement enumerates the magnitude of association between net profit and time.

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Which of the following statements best describes the goal of exploratory research?

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Describe the goal of evaluation research in a study, with an example.

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When comparing two or more values, what does direction of association refer to?

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The goal of exploratory research is to understand how a phenomenon works and its causes.

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Which of the following best describes inductive research?

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What is the requirement of a good hypothesis?

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Explain why it is important to both report and interpret numbers when presenting the results of a research study.

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An assumption is made that adults between the ages of 18-25 have more points on their driving record than adults aged 26-60 years. Data are collected from the driving records of a random sample to test this assumption. What type of research does this signify?

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Construct a real-world study of explanatory research to be conducted by you. Describe the steps you would take, including defining the hypothesis, to complete the study. Use research terminology to explain your steps.

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In research terminology, what does the word "theory" mean?

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For the research study you outlined in Question 1, describe the types of reports you would create to present the numbers and analysis results of the study.

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