Exam 1: Introduction to Making Sense of Numbers

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What are "naked numbers" as defined by the author?

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Which of the following is not considered a quantitative research task?

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Which of the following is a critical objective of quantitative research?

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B

Being able to understand how data was collected and analyzed can help to identify "fake news."

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What does a plausible numeric value refer to in quantitative research?

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Which of the following statements is true with regard to numbers?

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On a visit to London, you read in the papers that England scored 132 runs against Australia in a cricket test match. You are not familiar with cricket. What type of challenge does this data pose?

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Numbers can always take on either positive or negative values.

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List two instances where interpreting numbers have helped you make a decision in the real world.

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Illustrate with an example, a case where numbers could only take positive integer values.

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Give three examples where certain numbers are not plausible. How did you arrive at the conclusion that these numbers were implausible for the topic? Explain.

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You are interested in purchasing a new mid-size car that is fuel efficient. You do some research on five car models to make an informed choice. Which type of task is this as regard to numbers?

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Which of the following is not true?

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List three topics involving numbers that you learned through formal instruction.

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Jennifer worked as an accountant at a CPA firm in Boston. She had a keen interest in astronomy and read books on the subject in her spare time. She also attended seminars on astronomy whenever possible. What type of learning is illustrated here?

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Peter is a medical student and does not have a background in finance. He reads an article in a financial journal that the Internal Rate of Return (IRR) of a stock portfolio is 3%. What type of challenge does this number present?

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When you encounter a new topic, what process should you follow to learn about the topic?

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Which of the following is not one of the many uses of numbers?

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Which concept or term is the foundation of quantitative research?

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Making sense of numbers involves understanding which numbers are plausible in a given context. Provide an example of plausibility in the real world.

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