Cob 191 - Study guides, Class notes & Summaries
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COB 191 final 2023 Exam Questions And Answers
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COB 191 final 2023 Exam 
Questions And Answers 
using information obtained from a sample to estimate a characteristic of a population is - 
ANSWER- inferential stats 
which of the following can be reduced by proper interviewer training? - ANSWERmeasurement error 
if you are unsure about one section of data, what type of statistical error can occur? - 
ANSWER- measurement error 
What type of data is: your professor's name - ANSWER- qualitative categorical 
data/nominal 
What type of data is: h...
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COB 191 Exam 1 Questions with Complete Solutions
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COB 191 Exam 1 Questions with Complete Solutions
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COB 191 Exam 1 Questions with Complete Solutions
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data Correct Answer-values assigned to measurements 
 
primary data Correct Answer-adv: collected and orgainzed by user 
dis: expensive and time consuming 
 
secondary data Correct Answer-adv: readily available 
dis: no control over organization and accuracy 
 
nominal data Correct Answer--arbitrary labels 
-no ranking 
-name/label 
 
ordinal data Correct Answer--ranking exists 
-no measurable meaning to numerical differences 
-order/choices 
 
interval data Correct Answer--
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COB 191 Exam 1 (2023/2024) Already Graded A
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COB 191 Exam 1 (2023/2024) Already Graded A data values assigned to measurements 
primary data adv: collected and orgainzed by user dis: expensive and time consuming 
secondary data adv: readily available dis: no control over organization and accuracy 
nominal data -arbitrary labels -no ranking -name/label 
ordinal data -ranking exists -no measurable meaning to numerical differences -order/choices 
interval data -meaningful differences -no true value of zero -gives orders of values AND ability t...
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COB 191 final UPDATED Exam Questions and CORRECT Answers
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COB 191 final UPDATED Exam Questions 
and CORRECT Answers 
qualitative data - CORRECT ANSWER- descriptive terms 
quantitative data - CORRECT ANSWER- described by numeric values 
qualitative data classifications - CORRECT ANSWER- nominal and ordinal 
quantitative data classifications - CORRECT ANSWER- interval and ratio
And that's how you make extra money
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COB 191 Final Test Questions with Correct Answers
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COB 191 Final Test Questions with Correct Answers 
Data - Answer-Values assigned to objects/observations 
 
Information - Answer-Data that is transformed into useful facts for decision making 
 
Primary Data - Answer-Data collected by you for personal use 
 
Secondary Data - Answer-Data collected by others 
 
Bias - Answer-Question is stated in a way that encourages a specific answer 
 
Qualitative Data - Answer-Descriptive terms 
 
Quantitative - Answer-Numerical values 
Either counted or meas...
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COB 191 UPDATED Test Questions and CORRECT Answers
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Qualitative Data Either nominal or ordinal 
information about qualities; information that can't actually be measured. 
example: color of eyes 
Quantitative Interval or ratio 
information about quantities; that is, information that can be measured and written down 
with numbers. 
example: height, shoe size 
Nominal Data category 
label for data with no ranking 
example: zip code, phone number, name of professor or instructor
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COB 191 Final Test Questions with Correct Answers
- Exam (elaborations) • 9 pages • 2023
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COB 191 Final Test Questions with Correct Answers 
 
Data - Answer-Values assigned to objects/observations 
 
Information - Answer-Data that is transformed into useful facts for decision making 
 
Primary Data - Answer-Data collected by you for personal use 
 
Secondary Data - Answer-Data collected by others 
 
Bias - Answer-Question is stated in a way that encourages a specific answer 
 
Qualitative Data - Answer-Descriptive terms 
 
Quantitative - Answer-Numerical values Either counted or meas...
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COB 191 TOP Exam Questions and CORRECT Answers
- Exam (elaborations) • 13 pages • 2024
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DataValues assigned to objects/observations 
InformationData that is transformed into useful facts for decision making 
Primary DataData collected by you for personal use 
Secondary DataData collected by others 
BiasQuestion is stated in a way that encourages a specific answer 
Qualitative DataDescriptive terms 
QuantitativeNumerical values 
Either counted or measured
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COB 191 Final Exam Questions with Correct Answers
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COB 191 Final Exam Questions with Correct Answers 
statistics - Answer-mathematical science that deals with the collection, analysis, and presentation of data, which can then be used as a basis for the inference and induction 
 
how business use statistics - Answer-marketing research, advertising, operations, and finance & economics 
 
data - Answer-values assigned to observations or measurements 
 
information - Answer-data that are transformed into useful facts that can be used for a specific ...
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