Categorial variable - Study guides, Class notes & Summaries

BSAN 160 Exam Questions and Answers Enterprise Resource Planning (ERP) Systems - Answer-a software system that integrates information from across the entire company and facilitates sharing of the data throughout the firm Structured Data - Answer-easier for computers: categorial or numerical Categorial Data - Answer-classify information into categories; nominal and ordinal Numerical Data - Answer-if meaningful arithmetic can be performed on it; interval, ratio Nominal Data - Answe...

categorial variable - Answer- any variable that can put in to groups. Examples include gender, class in school and color quantative variable - Answer- actual real numbers. This means if it is 2 it actually means 2 something. Examples include age, weight, and GPA. identifier variable - Answer- records a unique value for each case, used to name or identify it bar chart - Answer- A categorical univariate display of data that puts the counts in to bins that look like bars. The bars have no ...

Probability sampling - ️️Sampling where we know the chance that each element in the population will be included in the sample Judgement sampling - ️️Samples in which a person who is extremely knowledgeable about the population selects population elements he or she feels are most representative Data - ️️Facts and figures from which conclusions can be drawn Data set - ️️The data that are collected for a particular study Elements - ️️May be people, objects, events, or oth...

Individuals Objects described by a set of data, Can be people or animals or things Variable Characteristics of an individual. Can take diff values for diff individuals Categorial Variable Place an individual into one or several groups or categories ie. quantities Quantitative Variable Takes # of values so that it can be used for averages/means. Usually recorded with unit of measurement Distribution of a Variable - Tells what values it takes and how often - Values are labels for categori...

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? - correct answer Prescriptive What are two reasons for increasing the use of analytics in organizational decision making? - correct answer 1. Relatively lower cost of computer storage 2. Higher computer processing power How does probability theory inform decision making for managers? - correct answer By quantifying risk Which type of dat...

AP Stat - Chapters 1-4 - Multiple Choice - Cumulative Testthe following histogram represents the distribution of acceptance rates (% accepted) among 25 business schools in 1997, what % of schools have an acceptance rate above 40% - correct answer know how to read a histogram (variable vs. freq, fraction -> %) you want to use numerical summaries to describe a distribution that is strongly skewed to the left, which combination of measure of center and spread would be the best to use (mean an...

Chapter 1 - Answer-Data & Statistics Statistics - Answer-The art and science of collecting, analyzing, presenting, and interpreting data. statistics refers to - Answer-numerical facts such as averages, medians, percentages, and maximums that help us understand a variety of business and economic situations. Data - Answer-The facts and figures collected, analyzed, and summarized for presentation and interpretation. Data Set - Answer-All the data collected in a particular study. Elem...

BANA 2372 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT statistical interference - Answer-The process of using data obtained from a sample to make estimates or test hypotheses about the characteristics of a population. -exp: In a sample of 800 students in a university, 160, or 20%are Business majors. the school reported "20% of all students at the university are Business majors". Variance - Answer-The descriptive measure NOT measured in the same units as the original data Excel's...

WGU Data Driven Decision Making Pre Assessment Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? -Prescriptive What are two reasons for increasing the use of analytics in organizational decision making? - 1. Relatively lower cost of computer storage 2. Higher computer processing power How does probability theory inform decision making for managers? -By quantifying risk Which type of data ...

wgu statistics module 2 variable roles - ANS explanatory variable (independent variable) usually denoted by X & Response variable (or dependent variable) usually denoted by Y Explanatory Variable - ANS aka independent variable usually denoted by X x - ANS is known as the explanatory variable Response variable - ANS aka Dependent variable usually denoted by Y Y - ANS is known as the Response variable Role-Type Classification (4 Type...