Exam 12: Advanced Data Analysis

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The Pearson product moment correlation is used to measure the correlation of

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A linear pattern exists when a straight line can be drawn to describe the relationship between the variables.

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When testing a hypothesis in any particular study, the researcher can make

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In setting the level of significance if costs associated with type 1 error are

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Multidimensional scaling addresses the problem of identifying the dimensions upon which customers perceive or evaluate phenomena.

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_____ is used to measure the degree to which two variables are correlated or associated with each other when both are ordinally related.

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Which statement below is true?

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The Spearman rank order correlation is used to measure the correlation of

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An appropriate statistical test for hypotheses about means with one small sample is a t-test.

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Multivariate analysis simultaneously analyzes multiple measurements of attitudes, attributes, or behavior.

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Canonical correlation allows for the establishment of a predictive model that can simultaneously forecast or explain several phenomena based on an understanding of their correlates.

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Marketing research is conducted to help reduce the uncertainty in decision making.

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If both Type 1 and Type 2 errors are costly, set the level of significance very low and increase the sample size.

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The appropriate statistical test for hypotheses about frequency distributions with two or more subgroups and nominal data is

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Statistically significant differences are significant enough to influence management decisions.

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Hypotheses are speculations regarding specific findings of the research, therefore they are not useful.

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The null and alternative hypotheses are competing hypotheses, therefore, only one can be true.

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Chi-square tests are used when conducting hypothesis test for interval scaled variables.

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The _____ hypothesis is stated in terms that indicate you expect to find no difference or no effect.

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The association between two variables is very strong when the correlation coefficient is greater than .80.

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