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Exam (elaborations)

BSNS 112 MIDTERM AND FINAL EXAM

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  • BSNS 112
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  • BSNS 112

BSNS 112 MIDTERM AND FINAL EXAM

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  • September 10, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • bsns 112
  • BSNS 112
  • BSNS 112
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leonardmuriithi061
BSNS 112 MIDTERM AND FINAL EXAM

What does quantitative data use? - ANSWER Means

What is discrete data? - ANSWER Quantitative. Measured in specific values

What is continuous data? - ANSWER Quantitative. Measure in infinite values

What does qualitative data use? - ANSWER Proportions

What is ordinal data? - ANSWER Qualitative. Conveys a ranking

What is nominal data? - ANSWER Qualitative. Uses labels (no ranking)

What variables does a cross tabulation table use? - ANSWER Categorical and
categorical

What variables does a scatter plot use? - ANSWER Numerical and numerical

What variable(s) does a frequency table use? - ANSWER One categorical variable

What variables does a stacked/clustered bar chart use? - ANSWER Categorical and
categorical

What variables does a relative frequency histogram use? - ANSWER Categorical
and numerical

Define mean - ANSWER Simple average

Define median - ANSWER Middle value when data is ranked

Define mode - ANSWER Most frequent value

Define trimmed mean - ANSWER Average when most extreme 5% of data is cut

Define range - ANSWER maximum - minimum

Define interquartile range - ANSWER 75th percentile - 25th percentile

Define variance - ANSWER spread of data around mean (σ²)

What happens when standard deviation increases? - ANSWER Graph widens

Define coefficient of variation - ANSWER Compares variability between groups with
different magnitudes

Coefficient of variation equation - ANSWER SD / x̅ where x̅ is the sample mean

,What does it mean by a positively skewed graph? - ANSWER Tail trails to the right.
Mean > Median > Mode

What does it mean by a negative skewed graph? - ANSWER Tail trails to the left.
Mode > Median > Mean

When is a graph significantly skewed? - ANSWER Skewness more than twice the
standard error

Define kurtosis - ANSWER Measure of the extent to which observations cluster
around a central point

What is the normal distribution kurtosis value? - ANSWER 0

Define positive kurtosis - ANSWER Data clusters more in the centre

Define negative kurtosis - ANSWER Data clusters less in the centre

How is cross-sectional data collected? - ANSWER By observing many subjects at
the same point of time, or without regard to differences in time

What is time-series data? - ANSWER A sequence taken at successive equally
spaced points in time (discrete-time data)

Define association - ANSWER How one variable relates to another

Define covariance - ANSWER Measure of the co-movement between 2 variables
(measured in units)

Define positive covariance - ANSWER 2 variables move in the same direction

Define negative covariance - ANSWER 2 variables move in the opposite direction

Define the correlation coefficient - ANSWER Measure of the linear relationship
between 2 variables (scaled to equal a value between -1 and +1)

Define positive correlation - ANSWER 2 variables move in the same linear direction

Define negative correlation - ANSWER 2 variables move in the opposite linear
direction

Define parameter - ANSWER A summary measure that describes a characteristic of
the population

Define statistic - ANSWER A summary measure that describes a characteristic of a
sample

Define simple random sampling - ANSWER Everyone is equally likely to be chosen
from a population

, Define systematic random sampling - ANSWER Selecting 1 individual from a group
and choosing the kth individual thereafter

Define stratified random sampling - ANSWER Dividing the population into
homogenous groups of similar characteristics and selecting a random sample from
each group

Define cluster sampling - ANSWER Dividing the population into several clusters (that
aren't homogenous), and taking a random sample from each cluster

How are non sampling errors caused? Is it avoidable? - ANSWER By how the
person samples. It is human error and is avoidable

What is coverage error? - ANSWER Non sampling error. Difference between sample
population and target population (due to self selection or selection bias) — wrong
subjects

What is non-response error? - ANSWER Non sampling error. Subject from the
sample chooses not to respond and impacts on the data

What is a measurement error? - ANSWER Non sampling error. Error in the
measurement of the data through bad questions and misunderstanding

What is a sampling error? And is it avoidable? - ANSWER Difference between the
sample and population because of the observations that occurred with the particular
sample (unavoidable)

How do you decrease the sampling error? - ANSWER Increase the sample size

What is the margin of error? - ANSWER A quantified measure of the sampling error;
makes the sample statistic a more accurate measure of the population parameter

How to decrease the margin of error? - ANSWER Increase sample size

Define Union - ANSWER Probability that one event occurs OR the other

Define intersection - ANSWER Probability that both events occur TOGETHER

Define mutually exclusive - ANSWER 2 events CAN'T occur together

Define collectively exhaustive - ANSWER Outcomes given are the only POSSIBLE
outcomes

What does it mean when 2 events complement each other? - ANSWER Their
probabilities add to 1

Define conditional probability - ANSWER The probability of an event occurring
GIVEN THAT another has occurred

Define marginal probability - ANSWER Total probability of a row or column

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