Exam 13: Big Data Basics: Describing Samples and Populations

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A confidence interval estimate is a specified range of numbers within which a population mean is expected to lie.

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Explain the central-limit theorem and discuss why it is useful to marketing researchers.

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the central-limit theorem is a theory that states as the sample size increases,the distribution of sample means of size n,randomly selected,approaches a normal distribution.It works regardless of the shape of the original population distribution.In other words,the distribution of averages quickly approaches normal as sample size increases.this theoretical knowledge about distributions can be used to solve two practical marketing research problems: estimating parameters and determining sample size.

____ is the long-run relative frequency with which an event will occur.

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In a test marked study,206 out of a sample of 560 people state that they "liked" the product being studied.The proportion of people in this study who said that they liked this product was about:

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The mode is the measure of central tendency that identifies the value that occurs most often.

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A top box score generally refers to the frequency count of respondents who choose the most favorable response toward a company.

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The arithmetic average of a set of numbers is referred to as the _____.

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The middle score in a set of rank ordered scores is called the ____________________ score.

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Traditionally,market researchers have used the ____________________ percent confidence level in research studies.

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When you add up a set of scores and divide the result by the number of scores,you have determined the ____________________ of the distribution.

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A frequency distribution of the population elements is called a ____.

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The percentage of elements that meet some criterion is referred to as the ____________________.

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A frequency distribution of a sample is called a(n)____________________.

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Nicole has created a table that summarizes the number of times a particular value of a variable occurs.Nicole has created a ____ distribution.

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One of the most common probability distributions in statistics is the _____ distribution.

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Which of the following refers to the proportion of respondents who choose the most positive choice in a multiple choice question?

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Measured characteristics of a specific population are called ____________________.

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Population parameters are computed from sample data.

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The ____________________ distribution is bell shaped.

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The ____ is a measure of dispersion.

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