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UCF QMB 3200 Midterm Study Exam With 100% Correct Answers
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UCF QMB 3200 Midterm Study Exam With 100% Correct Answers
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UCF QMB 3200 Midterm Study ExamWith 100% Correct Answers
Analyticsi-iCorrectiAnswer-
theiscientificiprocessiofitransformingidataiintoiinsightiforimakingibetteri
decisions
DescriptiveiAnalyticsi-iCorrectiAnswer-
Analyticalitechniquesithatidescribeiwhatihasihappenediinitheipast.
PredictiveiAnalyticsi-iCorrectiAnswer-
Analyticalitechniquesithatiuseimodelsiconstructedifromipastidataitoipre
dictitheifutureioriassessitheiimpactiofioneivariableionianother.
PrescriptiveiAnalyticsi-iCorrectiAnswer-
Analyticalitechniquesithatiyieldiaicourseiofiaction.
BigiDatai-iCorrectiAnswer-
Aisetiofidataithaticannotibeimanaged,iprocessed,iorianalyzediwithicom
monlyiavailableisoftwareiiniaireasonableiamountiofitime.iBigiDataiareich
aracterizedibyi4iv's:ivolume,ivelocity,ivariety,iandiveracity.
DataiMiningi-iCorrectiAnswer-
Theiprocessiofiusingiproceduresifromistatisticsiandicomputeriscienceitoi
extractiusefuliinformationifromiextremelyilargeidatabases.
,FrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofidataishowingitheinumberi(frequency)iofiobservati
onsiinieachiofiseveralinonoverlappingicategoriesioriclasses.
RelativeiFrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofidataishowingitheifractionioriproportioniofiobserv
ationsiinieachiofiseveralinonoverlappingicategoriesioriclasses.
PercentiFrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofidataishowingitheipercentageiofiobservationsiiniea
chiofiseveralinonoverlappingiclasses.
BariCharti-iCorrectiAnswer-
Aigraphicalideviceiforidepictingicategoricalidataithatihaveibeenisummari
zediiniaifrequency,irelativeifrequency,ioripercentifrequencyidistribution
.
PieiCharti-iCorrectiAnswer-
Aigraphicalideviceiforipresentingidataisummariesibasedionisubdivisionio
fiaicircleiintoisectorsithaticorresponditoitheirelativeifrequencyiforieachicl
ass.
ClassiMidpointi-iCorrectiAnswer-
theivalueihalfwayibetweenitheiloweriandiuppericlassilimits
, DotiPloti-iCorrectiAnswer-
aigraphicalideviceithatisummarizesidataibyitheinumberiofidotsiaboveiea
chidataivalueionitheihorizontaliaxis
Histogrami-iCorrectiAnswer-
Aigraphicalidisplayiofiaifrequencyidistribution,irelativeifrequencyidistrib
ution,ioripercentifrequencyidistributioniofiquantitativeidataiconstructe
dibyiplacingitheiclassiintervalsionitheihorizontaliaxisianditheifrequencies
,irelativeifrequencies,ioripercentifrequenciesionitheiverticaliaxis.
CumulativeiFrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofiquantitativeidataishowingitheinumberiofidataival
uesithatiareilessithanioriequalitoitheiuppericlassilimitiofieachiclass.
CumulativeiRelativeiFrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofiquantitativeidataishowingitheifractionioriproporti
oniofidataivaluesithatiareilessithanioriequalitoitheiuppericlassilimitiofieac
hiclass.
CumulativeiPercentiFrequencyiDistributioni-iCorrectiAnswer-
Aitabularisummaryiofiquantitativeidataishowingitheipercentageiofidatai
valuesithatiareilessithanioriequalitoitheiuppericlassilimitiofieachiclass.
Stem-and-leafiDisplayi-iCorrectiAnswer-
aigraphicalidisplayiuseditoishowisimultaneouslyitheirankiorderiandishap
eiofiaidistributioniofidata
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